The meme stocks came for Wall Street, and hedge funds lost … GameStop? Business GameStop Comedy Viral Stock Market A Wall Street "explainer" video posted by a comedian has gone viral, racking up more than 5 million views since Wednesday evening. ... Another way to think about it is with Pokemon cards, as Reddit user Lofties explained nicely in a recent post. A Redditor Explained GameStop Stocks So Anyone Can Understand by Alison Over the past week or so, there’s been a lot of talk about Reddit, Wall Street, and GameStop, and it can be pretty confusing unless you happen to have a strong understanding of the stock market because you’re one of the hedge fund guys getting royally screwed right now. That’s just some of the standard stock-market vocabulary. level 1. Olga Lexell. 3. However, small investors on the Reddit group do not seem to care much about the US markets and are rejoicing their victory against the big bulls of Wall Street. Advertisement. The GameStop stock market revolution has inspired a slew of viral tweets, including one from L.A. comedian Avalon Penrose that's racked up 13 million views. I’ve keeping up with it and trying to understand what’s happening, but I haven’t been able to find a clear deconstruction of it in terms I can understand. The more money people make from that enterprise, the more unpleasant it is to confront the myth. The actions of a Reddit subgroup known as r/wallstreetbets have recently drawn in attention from Congress as Reddit members caused an entire hedge fund to go into bankruptcy over GameStop stocks. A Massachusetts man who goes by “Roaring Kitty” on social media helped fuel the frenzy around GameStop. 5. How it all started…. Close. It’s okay, I was too. The Reddit hoax-bubble has revealed the underlying myth of the entire enterprise. Share. Reddit users and the remaining short sellers were locked in a standoff, as Reddit investors encouraged each other to wait out the short sellers, who would have to cover their positions eventually. Screenshot: MSNBC. By 9News Staff. Share. Reporters from across the CNBC newsroom explain the GameStop phenomenon, in which a Reddit-fueled rally to punish short sellers is sending the stock skyrocketing above its … A Reddit community has been making enormous waves in the stock market – and costing hedge fund managers billions in the process.. Option Greeks Explained for beginners. Calls, puts, froth, a death cross and a dead-cat bounce. 02/03/2021. Report Save. The stock slid to under $200 at market close on January 28, the day Robinhood clamped down on buying it, and after that was lifted, the stock shot up again. Resources. But have you heard of tendies, bagholders and diamond hands? For what? Share on Facebook Share on Twitter. Reddit’s biggest stock market forum implodes under insider trading accusations Wall Street Bets is falling apart. The Reddit users pushed the stock up from $20 on 11 January to a staggering high of $146.97. It started … 0 0. Online traders have delivered a multibillion-dollar message to big investors but the situation raises important questions about short-selling, social media and the stock market, writes Ben Chapman Original Poster 3 days ago. Today I’ll be breaking down the Greeks and how they relate to an options price. Explained: How an online forum called Reddit boosted a struggling company's stock by 1700 per cent . Stock market? So it’s unsurprising that there is currently a popular community on Reddit dedicated to the stock market, called WallStreetBets. Reply. CNN. Then they sell that borrowed stock at the current market price—in this case, say $100—and wait with tented fingers for the price to plunge. Why GameStop Stock Soared As Part Of A Reddit Forum's Quest To Take Down Hedge Funds . It all looks quite crazy to me... 1. by Tech Gist Africa. Shares for the struggling video game retailer climbed nearly 2,000%. Gamestop, Reddit, Robinhood and Wall Street “Stock Market Saga” explained. Here's a guide to understanding what's going on with GameStop and what the frenzy means for the stock market. GameStop has become the battlefield of Reddit vs. Wall Street, with titanic sums being made and lost. Anyone who tells you they can explain the market right now is full of shit. Starting about six months or so, and even more significantly since mid-January, US video games retailer GameStop’s stock prices have increased 8000 percent from less than $5 to over $350 on Wall Street. Report Save. At the end of the day, we have a stock market that is not realistically connected to the livelihoods of workers or people on the ground, and that also isn’t even efficient relative to its own logic. If it … Everything You Need to Know About the GameStop, Reddit, and Stock Market Story, Explained. There was a lot to unpack in the deluge of news this week about GameStop, the stock market, Reddit groups, trading apps and hedge funds. 1/29/21 3:30PM. Brokers on Thursday put the brakes on buying GameStop stock in an effort to cool down a hot, frothy market, and shares of the company’s stock fell more than 40 percent as a result. Explained | What is happening with the GameStop stock, the Reddit factor, who wins and who loses In the last few days, GameStop shares have jumped 1,600 percent, with big … Resources. Stock market The stock market is where investors can buy and share investments or stocks, which are ownership shares in a publicly traded company. Damon Young. 1:50pm Jan 28, 2021. Explaining this story. 21. What’s not explained in the analogy is that, in theory, there’s no limit to what short-sellers could lose – as the price of a stock could go up forever. BAMBOOZLED? level 2 . How Reddit users sent GameStop stock soaring, upending the market. The Reddit phenomenon is not limited to Gamestop stock. Option Greeks Explained for beginners . SHARES. 0. For several years, many a … Thank you! I don't know if this can even be correlated to previous historical situations. Let’s dig into how the posters became the wolves. Vote. Reply. Dec 21, 2020, 9:45 am* Tech . His $53,000 investment in the company briefly reached $48 million in value. Doug Henwood had this piece talking about how there’s been about $671 billion raised in IPOs since 2000. 3 days ago. Reddit? Wall Street plunged last Wednesday as retail investors piled into nostalgia stocks like Gamestop, AMC Cinema and even Nokia. in Apps, Games, News, Op-Eds, Reviews, Social media, Specials, The Big 5, World News. GameStop, a company that was expected to close hundreds of stores in 2021, has made a stunning comeback in the stock market.And it's all thanks to an army of Reddit … Let’s take it one thing at a time. Gamestop Reddit Robinhood Wallstreet Tech News. Hey all, I’m continuing on a series where I breakdown and simplify option concepts while trying to be as concise yet comprehensive as possible. 0. How Reddit’s r/WallStreetBets turned hedge funds and the stock market upside down — and then the Mets and Elon Musk got involved. The past day has seen the kind of demented activity on the stock market that normally comes with an era-defining crash – except in this case it was Reddit readers who are, um, having a laugh while trying to make a point at the same time. But what exactly is it that investors and traders on the stock market do? The GameStop frenzy on Wall Street has investors, and much of the internet, enraptured — not unlike a good horror movie. On the WallStreetBets subreddit forum, members continue to aggressively promote the GameStop stock as they pitch it as a battle of small investors (regular folks) versus the Wall Street powerhouses (hedge funds and big firms). All of this market drama is largely the result of a Reddit community known as WallStreetBets, which has over 2.5 million members who chat about stocks to buy and sell. Posted by just now.
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