General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTlalocW
(15,392 posts)That being me.
TlalocW
We're stupid!
TlalocW
cwydro
(51,308 posts)So not even stupid, but abused for admitting it!
Celerity
(43,545 posts)cwydro
(51,308 posts)I dont speak stock marketese.
I think I heard something in the background buzz of tv I catch now and then. My hearing switches off when I hear anything to do with gaming or the stock market lol
Celerity
(43,545 posts)hedge fuds held huge short positions (betting the GME stock would go down). The Stock is up (or was) 8000%, meaning the hedge fund shorts are get massacred. The group is moving onto new targets in similar positions as well, like Blackberry, Virgin Galactic, AMC, Koss, Express, etc etc.
It is a war on the hedge funds by thousands of small traders.
It isnt just GameStop: Here are some of the other heavily shorted stocks shooting higher
https://www.marketwatch.com/story/here-are-some-of-the-other-stocks-seeing-gamestop-like-short-squeezes-11611687693
TlalocW
(15,392 posts)That's light on industry lingo and breaks it down with a simple explanation.
For us dummies.
TlalocW
dpibel
(2,854 posts)here's something:
https://www.cbsnews.com/news/wallstreetbets-reddit-gamestop/
Celerity
(43,545 posts)Last edited Thu Jan 28, 2021, 04:04 AM - Edit history (1)
hedge fuds held huge short positions (betting the GME stock would go down). The GME stock is up (or was) 8000%, meaning the hedge fund shorts are get massacred. The group is moving onto new targets in similar positions as well, like Blackberry, Virgin Galactic, AMC, Koss, Express, etc etc.
It is a war on the hedge funds by thousands of small day traders.
It isnt just GameStop: Here are some of the other heavily shorted stocks shooting higher
https://www.marketwatch.com/story/here-are-some-of-the-other-stocks-seeing-gamestop-like-short-squeezes-11611687693
Skittles
(153,202 posts)whttevrr
(2,345 posts)Link to tweet
Maureen Clarisha
@Binggow3
·
1m
The biggest trading Discord just partnered with #wsb to pump the price of #gamestop ( $gme) and $amc. They just announced $amc might reach $50 in two days. Check the admin's positions: http://discord.gg/y3zvcVqeQj
https://stocktwits.com/cjstocksup/message/278990859
$AMC
Target $250.00 from WSB
TlalocW
(15,392 posts)Starring Eddie Murphy and Dan Aykroyd
TlalocW
Lady Freedom Returns
(14,120 posts)at their own game by small money guys and their own rules on how to play. I'm setting back waiting to see how they are going to change the rules to stop the small guys.... again.