Investing: WTF?!? People Are Heavily Trading AMC & Gamestop Stocks Because of Reddit

I said Stash,Robinhood and Webull but I forgot to mention Acorn which is where you should start.
1.Acorn
2.Stash
3.Robinhood
4.Webull(only cause it's not to help you learn it's to invest)
There's a bunch of other sites/apps/platforms you can use but I'm just giving you what I learned on first and is the easiest for me.

1.Acorn it guides you into certain investment that are "safe" and it helps you in the best way in the beginning.It has a feature where it does Dollar Cost Averaging(DCA) which basically means you're investing as you spend money from your credit card,weekly or monthly deduction of a certain amount of money you choose to invest with($5,$10,$20..).There is data base and a way to look something up if you want to find out whatever it is on the site and about investing;for example A "Dividden" stock- Dividend stocks distribute a portion of the company's earnings to investors on a regular basis. Most American dividend stocks pay investors a set amount each quarter(every three months), and the top ones increase their payouts over time, so investors can build an annuity-like cash stream(Dividden stock investing is another method of investing for $$$$ but it's not the only way and alot of people don't do it....it's slow)


2.Stash is like Acorn but I believe a more freedom to invest in stocks but still limited with a large data base of information that can help you that's not length of a page in a dictionary.It's easy to signup,link your credit card and read through the different investments that they have like Acorn.


HERE'S A FEW STOCKS THAT I HAVE THAT MIGHT BE A GOOD PLACE FOR YOU TO START:
(These are ETF's,a bunch of company's into one,most pay a dividden which is shitty but it somehing) and you plug it in,click on it,see the price,movements...ect and what it's about,what companies they invest in how much they invest in them(your money)) and the good thing is that you can buy shares like VOO for $273.91 per share or you can spend $ 1.00-10.00-10.000 today,tomorrow,weekly or monthly and own fractional shares which is like buying small pieces of a stock rather than jumping head first, which is what I recommend you do to start out with.
-VOOG
-VOO
-VYM
-SCHD
-MINT
-IVV
-MGC
-VGT
-VTV
-ARKK

I'm no expert but this is how I started and when it comes to investing you're always learning something new and you need to be willing to pay attention cause that's where the money.


I agree. Diversity of your profile helps and ETF's are good for that.
 
These old azz Wall Street MFs upset cause these youngin done over turned the game on them and they trying to stop it. The game has always been rigged they just found the hidden cheat code and exploited the hell out of it. :lol:

PS me and my grandkids about to have a great weekend because of this:thumbsup: keep a eye on the crypto
 
There is a strategy, it is called a short squeeze. Hedgefunds were betting Gamestop stock would sink but with everyone buying and raising the stock price, hedgefunds had no choice but to keep covering their shorts at a higher price which prevented the stock from declining.

Thanks for that, I was just reading what their strategy was.

As a black man in America you don’t see the irony in your post? I remember people arguing with eewwll about slavery.
Of course.

Arguing about slavery? You mean that thread about pro athletes in the NFL and the slavery comparison based on the book “40 Million dollar slaves”?
 
These old azz Wall Street MFs upset cause these youngin done over turned the game on them and they trying to stop it. The game has always been rigged they just found the hidden cheat code and exploited the hell out of it. :lol:

PS me and my grandkids about to have a great weekend because of this:thumbsup: keep a eye on the crypto

The funny shit is some they think they are gonna just going to wait shit out..

They have zero idea how financially savvy these young heads are

Of fuckin the older generation over...

They will accept bruhs getting rich much moreso

Than their parents and grandparents


And THATS going to eventually change race relations in the not so distant future

A lot of These young wight dudes aint tryin to be their parents..
 
Folks get played and then run to the mothafuckas that are about to play them again.

Did any of you kids ever ask yourself how did Dad know you fucked up? Your mother snitched on you. She isn’t your friend. AOC is thinking of running for senator. Why would she go hard on the financial sector? And she’s not even Jewish.
What's wrong w that?

You're kinda bad at talking
 
Its not that. They changed the rules in the middle of the game
This....

Michael Jordan Caught in Middle of GameStop Trading War

MJ-FB-crop.jpg



Michael Jordan is bleeding money after finding himself in the middle of the Reddit-fuelled GameStop trading war that has stunned Wall Street.
Jordan could not have picked a worse time to welcome hedge fund giants Gabe Plotkin and Daniel Sundheim as investors in the Hornets.
Both men are reported to have taken “catastrophic” losses, with the ongoing war between hedge fund managers and amateur investors reportedly wiping more than $5 billion from established hedge funds.

Jordan’s business partner Plotkin and his Melvin Capital fund had bet aggressively against GameStop by short-selling its shares, meaning they stood to gain if the price went down and lose if it went up.


So when an army of hell-bent amateur investors joined forces to drive up GameStop’s stock price by more than 1700 per cent in an attempt to stick it to Wall Street, it was an unmitigated disaster for Melvin Capital, and by extension, MJ.
Melvin Capital said they had conceded defeat on Tuesday, with Plotkin claiming during an interview with CNBC that his fund had closed its position in GameStop, meaning they had chosen to swallow their losses.
Jordan, meanwhile, has reportedly lost as much as $230 million over the past 12 months with the COVID-19 pandemic crippling NBA team profits for the second straight season.
However, it seems likely MJ will scrape by, with Forbes listing his net worth at $1.6 billion even after this epic disaster.

 
This....

Michael Jordan Caught in Middle of GameStop Trading War

MJ-FB-crop.jpg



Michael Jordan is bleeding money after finding himself in the middle of the Reddit-fuelled GameStop trading war that has stunned Wall Street.
Jordan could not have picked a worse time to welcome hedge fund giants Gabe Plotkin and Daniel Sundheim as investors in the Hornets.
Both men are reported to have taken “catastrophic” losses, with the ongoing war between hedge fund managers and amateur investors reportedly wiping more than $5 billion from established hedge funds.

Jordan’s business partner Plotkin and his Melvin Capital fund had bet aggressively against GameStop by short-selling its shares, meaning they stood to gain if the price went down and lose if it went up.


So when an army of hell-bent amateur investors joined forces to drive up GameStop’s stock price by more than 1700 per cent in an attempt to stick it to Wall Street, it was an unmitigated disaster for Melvin Capital, and by extension, MJ.
Melvin Capital said they had conceded defeat on Tuesday, with Plotkin claiming during an interview with CNBC that his fund had closed its position in GameStop, meaning they had chosen to swallow their losses.
Jordan, meanwhile, has reportedly lost as much as $230 million over the past 12 months with the COVID-19 pandemic crippling NBA team profits for the second straight season.
However, it seems likely MJ will scrape by, with Forbes listing his net worth at $1.6 billion even after this epic disaster.


@KingTaharqa

I am sure he will enjoy this story.
 
These people were betting on destroying companies quicker than usual.
That means people lost their jobs and savings.
Fun how they picked companies that where either on the verge of bankruptcy or really needed a life line to stay afloat to do this to, its smart in away cause no one saw this coming with these companies, but on the back end these companies will now get bought out by bigger companies and gutted.
 
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itll be funny when we find out Wallstreetbets was an elaborate scheme by wallstreet itself ! :roflmao: :roflmao: :roflmao:

Or it's in line with the great reset.wef says everything got to change including financial systems.how else to get people on board than by exposing the flaws.meanwhile the fix will be worse than the problem.
 
Fun how they picked companies that where either on the verge of bankruptcy or really needed a life line to stay afloat to do this to, its smart in away cause no one saw this coming with these companies, but on the back end these companies will now get bought out by bigger companies and gutted.
to be honest theres a certain numerical dynamic to it , but its the way it feels very predatory & vindictive to short struggling companies stocks when they need it the most!
 
New York Mets owner Steve Cohen taking 'break' from Twitter following threats tied to stock flurry
12:17 PM ET
  • ESPN News Services
New York Mets owner Steve Cohen is taking a "break" from Twitter after saying his family received personal threats this week amid an ongoing stock-trading standoff between day traders and hedge funds.
"I've really enjoyed the back and forth with Mets fans on Twitter which was unfortunately overtaken this week by misinformation unrelated to the Mets that led to our family getting personal threats," Cohen said in a statement Saturday after deactivating his account Friday night. "So I'm going to take a break for now. We have other ways to listen to your suggestions and remain committed to doing that. I love our team, this community, and our fans, who are the best in baseball. Bottom line is that this week's events in no way affect our resources and drive to put a championship team on the field."
Cohen's decision to step off Twitter appears to stem from conflict between independent investors and hedge funds. Day traders, mobilized on Reddit, have poured about all the money they can find into the stocks of struggling video game retailer GameStop and a few other beaten-down companies. Their buying has swollen those companies' share prices beyond anyone's imagination and inflicted huge losses on the hedge funds that had placed bets that the stocks would drop, also known as "shorting."
Cohen's Point72 Asset Management became involved when it made a $750 million infusion into Melvin Capital Management, a hedge fund that had heavily placed bets against GameStop and drew the ire of the Reddit users.
EDITOR'S PICKS
GameStop rocketed nearly 70% on Friday to close at $325. Over the past three weeks, the stock has delivered a stupefying 1,600% gain. The danger for the day traders is that, at any time, the stocks could collapse.
Before closing his Twitter account, Cohen -- the richest owner in baseball, worth more than $14.5 billion -- responded to the controversy Tuesday by tweeting, "Rough crowd on Twitter tonight. Hey stock jockeys, keep bringing it."
Among the critics of Cohen, WFAN morning host and former NFL quarterback Boomer Esiason said he would stop going to Mets games "until I find out exactly what's going on here" regarding Cohen's involvement with the GameStop situation.
The Mets owner had previously garnered a Twitter following of nearly 200,000 for his irreverent interactions with fans, where he took suggestions about how to run the team, reacted to the team's biggest moves -- such as the trade for shortstop Francisco Lindor -- and teased a return of black jerseys.
Cohen first took a stake in the Mets in 2012. Last year, he gained 95% ownership in a deal that valued the club at $2.4 billion, a record sale price for a Major League Baseball team.
 
Same typa ole b.s. elite have used to manipulate markets and create wealth for centuries...is only a problem when smart ass working class get at it..

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