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reddit degenerates stocks the number of “degenerates” on r/wallstreetbets tops 3 million: The Conversation UK - I joined the WallStreetBets forum on Reddit almost two years ago. (Yahoo Finance) MUMBAI: A few weeks ago, a group of Reddit users -- who are members of a now infamous sub-Reddit called ‘WallStreetBets’ -- discovered that a hedge fund called Melvin Capital Management held short positions, a trade in which you expect the stock to fall and benefit from such as drop by selling the scrip without initially owning it. But it’s amazing to me that while we typically view people gambling their life savings at a Las Vegas casino as degenerates, when we change The Reddit community's actions have had such an impact that TD Ameritrade took the extraordinary step last week to limit share trading on Game Stop and AMC stocks, "out of an abundance of caution Reddit’s r/wallstreetbets have entered the investment game. Similar forums have emerged in the UK, Europe and Malaysia. 41 members in the Stock_Market_DD community. But novice investors are better off on the sidelines. Blame Earnings, Not Reddit. There are now 7 million members (call themselves degenerates) on the forum now. Animal-medicine company Let’s take a look at the top stocks catching the eye of Reddit investors today. But it’s not exactly an innovative pick, either. At around 4 p. A testament to power in numbers, whether garnered through Reddit or Musk, GameStop's stock price rocketed to a high of $492. Retrieved January 25, 2021. whose stock is surging thanks largely to a giddy mob of "degenerates" on Reddit To all my fellow degenerates, What stock was your all time biggest winner? Gain I don't know about you guys, but I started trading as a socially acceptable substitute for my crippling gambling addiction. The subreddit remained relatively small until 2020, when popularity in stock trading apps soared. Add your The surge in demand for stocks in GameStop, a US video retailer, has been driven by a giddy mob of Reddit users. The worry is that, rather than a glorious decentralization of finance, what seems to be unfolding here is a crypto-esque farce combining volatile trading and chatroom-driven tips reminiscent of Beyond this individual Reddit forum, a wider change seems to be taking place. Here’s what you need to know whose stock is surging thanks largely to a giddy mob of “degenerates” on Jan. For the past few weeks, most of the fastest-growing communities on Reddit are related to investment and trading discussions. They believe, and so do I. Saturday, January 02, 2021. Trading in the stock market used to require a mastery of all sorts of Wall Street jargon. 1 million The Reddit-fueled GameStop insanity was far from Game Over on Friday — as the retailer’s stock price resumed its market rollercoaster ride, the mastermind behind the Wall Street attack spoke WallStreetBets rallied to the other side of that trade, driving the stock up from $17. That’s when the stock got supercharged. Bursztynsky, Jessica (2021-01-26). Forgot account? or. The Wallstreetbets board calls its followers "degenerates. , a stumbling bricks-and-mortar purveyor of consoles and video games, is the most dramatic, but certainly not sole, example of the power of this group to fire up stocks — often to levels that some Reddit. Sundial shares were trading hands for less than $1 at the start of February. 8, Vanguard Total Stock Market ETF was trading at a price/fair value ratio of 1. . 55% in post-market trading. I'm part-time minimum wage and am legitimately trying to learn and see what other people do. stocks were trading about 9% above what they’re worth. 5 M self-proclaimed “Degenerates” as members. it was supposed to be a temporary thing, but now 3 years later it's how I make a living. while the S&P BlackBerry (TSX:BB)(NYSE:BB) stock has gone parabolic due to the WallStreetBets mania. EDT on Wednesday, the whole site went down for about an hour, potentially sparked by people flocking to the subreddit. GameStop soared -- and then sank in a short squeeze. 11 few minutes ago- Was a small play but I collected enoght for next By Friday, GameStop had a short interest of 102 percent of its outstanding shares, making it one of the most shorted stocks on the market. 25 at the start of the year to a peak of $483 last week. 1 million "degenerates," or members. However, the user commented that he lost $400,000 from the top so he is no longer a millionaire. The Reddit forum that helped kick off the frenzy has given way to anxiety, financial bloodshed and infighting: This is not a “Disney ferry ‘One-Wish-comes-true’ show,” one poster said. Sure, you can log on to your Schwab or TD or Robinhood account and buy or sell a share commission-free, if in fact the service of your choice This leads to a self-reinforcing loop and a so-called “short squeeze”. As of this week, it had 2. 6 million between December 2020 and January 2021. ” Reddit posts hype up how many “tendies” a person will get from their investments, a phrase that comes from old 4chan greentext Other stocks doing well today after getting the Reddit treatment include the movie-theater operator AMC Entertainment Holdings Inc. Eurasia Review 28 Jan 2021 As of Feb. TSLA, RKT, DASH, PRPL, USO, etc. 9:55a. And if we happen to get a Reddit-fueled short squeeze in the meantime, then the sky’s the limit. m. Don’t chase the newest stock or DD on Reddit. " The Robinhood leaders of Reddit message boards like r/wallstbets are leading their merry pranksters to fortunes in The simplest explanation for what happened is that a bunch of hyper-online mischief-makers in Reddit’s r/WallStreetBets forum — a clan of self-described degenerates with stock crashes or The WallStreetBets Reddit community, which upended the stock market this week with its GameStop campaign, has exploded in popularity, but it's been around since 2012. firms topping US$70 billion in a few days in early 2021. reddit, stocks, wallstreetbets. EDT on Wednesday, the whole site went down for about an hour, potentially sparked by people flocking to the subreddit. Reddit's Wall Street Bets forum now boasts over 9. Buckle up. For the almost 3 million-strong group of self-described “degenerates” on Reddit’s WallStreetBets forum and other social media sites where this new army of day traders gather and conspire Benn Eifert, chief investment officer of hedge fund QVR Advisors, points to the r/wallstreetbets thread on Reddit, which boasts 1. 9 million participants, who After seeing that it was a heavily shorted stock, traders on the subreddit WallStreetBets, which has more than 3. Meanwhile, interest Top Ten: Weekend reads: Robinhood and the merry Reddit self-styled ‘degenerates’ Posted by: Market Watch in Market News January 29, 2021 Also, retirement destinations, clean-energy ETFs and The rise of Reddit’s WallStreetBets crowd and others taking advantage of no-fee trading on brokerages like Robinhood is a sign that some investors aren’t content simply owning funds that track American Airlines sets new $1. Community See All. At around 4 p. 5 million members — who are known as “degenerates” — have egged each other on. But the forum is still active, and a Reddit representative said it was not closed but rather set to private by its moderators to manage a surge in traffic. 6 million to 6. Wagner, portfolio manager at Aptus Capital Advisors, has been watching the breakneck rally in Reddit favorite GameStop in near disbelief, calling it his “most-hated stock of all time. S. David W. m. 3mln degenerates) and was originally created in January 2012. In response, Nike was hit with three target raises (Royal Bank of Canada from $160 to $165, Credit Suisse from $162 to $176 and JP Morgan from $170 to $176), fixing the damage that was done, and reinforcing the fact that you can’t Underlying: This is the price of stock. Wall Street Bets. Similar to 4chan's /biz/ board, the subreddit spawned multiple memes about stock trading and has been featured in a number of mainstream financial outlets. 1 million “degenerates,” or members. , the final remnant of bankrupt video-rental company Blockbuster. The members of a Reddit group, r/wallstreetbets , wreaked havoc on financial markets by driving up the price of GameStop, a ‘meme stonk’ they realized was heavily shorted by the hedge funds. YOLO! All the best, Matt Warder Other stocks from “failing” companies that were targeted for shorts have also been boosted by the self-proclaimed “degenerates. Barron's: These Stocks Are More of a Gamble Than an Investment — and the #1 Is a Reddit Favorite A bitcoin winter ahead? Crypto expert predicts just that, but after digital asset hits $300,000 Can an army of everyday traders on Reddit win a war against Wall Street? Yes, if you look at GameStop’s soaring stock. 1 million users on r/wallstreetbets — or “degenerates,” as they’re known on the message board -- when that Individual traders have banded together through Reddit's WallStreetBets message board (where some users refer to themselves as "degenerates") to purchase shares of heavily shorted stocks, which The absurdist morality tale over the unalienable right of Redditors to pump up meme stocks and punish Wall Street has obscured a more reckless impulse. The Great ‘Meme Investor’ Assault: How a bunch of Reddit degenerates could singlehandedly force billionaire hedge-funders into bankruptcy A pair of part-time stock traders has launched a Super PAC to “amplify the voice of the retail investor” as the rise of Reddit-fueled “meme stocks” like GameStop has rattled big hedge Attention Reddit: Expiring PLTR Stock Lockups Provides a Second Buying Opportunity The company’s direct listing created strange lockup periods. With 2. CNBC reports: Shares of GameStop, which jumped 92. What happens when an "angry mob" of "degenerates See more of Degenerates of Reddit on Facebook. Offering some evidence of the age of many of the traders who shocked the Wall Street establishment at the end of last month, other The Reddit community has 2. The ETF has 75 stocks within it, but the videogame retailer and shares of some other companies at the epicenter of the recent Reddit-trading frenzy aren’t included…. com Jan 2, 2021 These are the best-performing Nasdaq and S&P 500 stocks of 2020 MarketWatch. Weekend reads: Robinhood and the merry Reddit self-styled ‘degenerates’ 9:50a. One r/WallStreetBets user saw a $10,000 gain overnight after essentially gaming Best Buy stock – shares were up 66. What happened last week with GME stock price and option was a combination of a gamma squeeze [1] and infinite short squeeze [2]. . Users also frequently use slang such as “stonks” for stocks, “tendies” for gains or profits, “gay bears” for those who expect a stock to decline, for stock shorters, or as a general insult, and “DD” for analysis of potential trades (from “due diligence”). 10:15 AM ET. As the WallStreetBets fiasco heated up yesterday, Robinhood and other companies were restricting free trade of GameStop and AMC stocks under the guise Analysis by Brian Fung, CNN Business. THE ‘DEGENERATES’ DO DUE DILLIGENCE. Use a ticker of your choice when you see this word. " Members are Reddit’s wallstreetbets and the language of ‘meme stocks’ frenzy has introduced the financial world to a litany of terms that characterise the trading habits of its 9mln 'Degenerates Reddit's battle with Wall Street over AMC, GameStop stock a 'Ponzi scheme,' can't last. Online Culture Personal Finance Reddit The rise of Reddit’s WallStreetBets crowd and others taking advantage of no-fee trading on brokerages like Robinhood is a sign that some investors aren’t content simply owning funds that track But a lucrative way to play the Reddit Silver trade is now 7. Beyond this individual Reddit forum, a wider change seems to be taking place. Reddit’s fastest growing communities On Reddit groups like r/investing and r/stocks, new investors often post asking how much to invest in QQQ—or “the Q’s” as some call it—with others in the comments offering advice and WallStreetBets or /r/wallstreetbets is a subreddit which primary focus is risky stock market trading and memes about it. And they’re making billion-dollar companies squirm, as they realize how fucked they might be. Also on rt. 27 , 2021 (EIRNS)—In what is presented as an attack on hedge funds by the little people, groups of small investors have used discussions on Reddit’s r/wallstreetbets and Discord servers to target stocks that hedge funds have gone short on, driving up the prices to force the funds to cover their losses. It has become notable for its profane nature, aggressive trading strategies, and role in the GameStop short squeeze that caused losses on short positions in U. Stocktwits, a social media site much like a version of Twitter dedicated solely to stocks, has millions of members, while subreddits r/stocks and r/investing boast are growing daily. 18 (avg) at 10:13 Reentered at 7. Beyond GameStop, Best Buy is one of the most talked about stocks on the subreddit. Aurora Cannabis stock is falling again, but this time, the reason is quarterly results, not the unwinding of a Reddit-fueled rally. What do you degenerates think about Virgin Galactic? via /r/wallstreetbets #stocks #wallstreetbets #investing. A position, may be singular and mean an individual leg in general, or but more specifically relates to the group of contracts, or a position More than one million new members rushed to join r/wallstreetbets overnight after the Reddit forum briefly went dark Wednesday evening. Best Buy spiked Friday along with GameStop, but then dipped mid-Monday morning. The Redditors did it by piling into heavily shorted stocks, sparking as "degenerates. And this trend is spreading across the world. While some are choosing to donate some of their GameStop stock gains to hospitals, r/WallStreetBets winners are adopting gorillas. Source: Bloomberg. The GameStop frenzy on Wall Street has investors, and much of the internet, enraptured — not unlike a good horror movie. You’re usually too late and you just never know. 75 at open, out at 7. Say no to anxiety. 47 percent from 4. Hedge funds that had shorted GameStop suffered huge losses as the pack of day traders on Reddit bought the stock en masse, shooting up its price. I can buy 10,000 / 221 = ~45 shares. Positions: I use this term to describe a series of contracts on an underlying. 7% Tuesday, were up more than 60% in after hours trading following Musk's tweet, which linked to the "wallstreetbets" Reddit chat room that has more than 2 million subscribers. Reddit degenerates dgaf what analysts Reddit’s army of ‘degenerates’ challenges the financial establishment. It has 3. That caught the eye of Andrew Left of Citron Research, a short-selling guru who recommended in a Jan. The front page of the internet • Reddit is a place for community, conversation, and connection with millions of users worldwide. I have barely $100 next week to invest lol Consider me a newbie tard Beware of Reddit-Pumped Stocks: Buy These Battered COVID-19 Reopening Stocks Instead! Joey Frenette but with a growing number of so-called degenerates continuing to build on the popular Reddit Traders Squeeze GameStop, And These 5 Stocks Could Be Next Power to the players By Luke Lango , InvestorPlace Senior Investment Analyst Jan 27, 2021, 7:30 am EDT January 27, 2021 In 2021, cyclical, energy, financial, and reopening stocks - the under-performers of 2020 - have strongly outperformed tech and high growth stocks, underscoring the sector rotation taking place. The much-resented “hedgies” lost billions Many will get rich temporarily, but lots will also get hurt buying the highs. But it seems as if the market cap is too large for a few thousand pumpers to move this stock. Do your hw and invest with conviction. These days you also need to be fluent in emoji: If a post on a Reddit Wall Street message board contains GameStop: I’m one of the WallStreetBets ‘degenerates’ – here’s why retail trading craze is just getting started I joined the WallStreetBets forum on Reddit almost two years ago. The degenerates strike again. Congre Oxford research shows influence of social contagion on stocks such as Tesla and GameStop sub-forum on the Reddit platform as a just redistribution that took self-described “degenerates The NASDAQ has paused trading after internet “degenerates” spotted Wall Street gearing up to make a killing, beat the traders at their own game, and got filthy rich while destroying the US’ top hedge funds. As GameStop stocks rise, so do the sentiments of WallStreetBets Interest in the GME stock was so high Wednesday, that Reddit itself seemed to struggle to deal with the traffic load. Similar forums have emerged in the UK, Europe and Malaysia. Reddit’s fastest growing Beyond this individual Reddit forum, a wider change seems to be taking place. 4 percent, or 427. 00 and out all 7. The app, which touts itself as an everyman’s gate to the financial markets and was one of the primary venues for the community’s trade, claimed it was necessary to curb volatility and save clients from losing their investments. Warren, Tom (January 27, 2021). ” A Goldman Sachs basket of stocks most popular with individual investors is up 40% this year and has surged 90% since March lows, more than the price gains for both the Nasdaq 100 and the S&P 500. . The internet forum, which has fueled a frenzy in stocks The 4 million-strong Wall Street Bets forum on Reddit has officially disrupted Wall Street. Interest in the GME stock was so high Wednesday, that Reddit itself seemed to struggle to deal with the traffic load. Enter Reddit’s WallStreetBets forum – a community of self-proclaimed “degenerates” who treat stock markets like casinos and Those stocks exploded even as the broader market took a tumble Wednesday. Some of the top posts on the Reddit forum, however, said that this was false and urged members of the community not to buy silver but to focus on stocks such as GameStock and AMC. GameStop (NYSE: GME) — It’s no surprise that Reddit WallStreetBets continues to love GME stock. For comparison’s sake, short sellers lost $243 billion for all of 2020, a 20% loss. There is a cohesion here for everyone to dump these treasury checks next week directly into GME. The latest target of this Individual traders have banded together through Reddit’s WallStreetBets message board (where some users refer to themselves as “degenerates”) to purchase shares of heavily shorted stocks, which has led to a furious scramble among hedge funds and other short sellers to buy shares and cover their short positions. Jan 30, 2021 Weekend reads: Robinhood and the merry Reddit self-styled 'degenerates' MarketWatch. For too long, Wall Street has been "an invite-only club," he says. If the stock rises, the dealer may have to pay out on the option -- but that's offset by the gain on the shares. READ: Commentary: Singapore's Sea is world's best performing stock. Commenters call themselves “degenerates” or “apes. The Dow Jones industrial average was down about 1. ZKatkin HOTT / Got great trades with it: Enter 6. The stock has since fallen to $48. Individual investors — particularly on the Reddit chat forum “WallStreetBets” — began buying GameStop shares and encouraging others to do so. r/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and option trading. The Reddit community's actions have had such an impact that TD Ameritrade took the extraordinary step last week to limit share trading on Game Stop and AMC stocks, "out of an abundance of caution Finance Finance News GameStop stock has surged, due to WallStreetBets Reddit users. The moves by some brokers to slow down trading in these stocks makers in Reddit’s r/WallStreetBets forum — a clan of self-described degenerates with user names like ‘dumbledoreRothIRA Robinhood went from a popular trading app and occasional newsmaker to a subject of a deluge of news stories worldwide in January 2021 after the controversy around GameStop (and other) stocks: Robinhood played a critical role when a group of Reddit posters saw an opportunity to make money while also giving a jab to Wall Street and hedge funds . S. ” These include AMC, the cinema company who have been shut since the pandemic, BlackBerry, the makers of the popular phones from 10 years ago, and Nokia, another previous mobile phone giant. 5 million users — “degenerates,” using the site’s own As GameStop stocks rise, so do the sentiments of WallStreetBets. MercadoLibre stock price target raised to $1,530 from $1,400 at UBS MarketWatch. to $120 at 11:25 a. The second batch will push down prices temporarily. If it does they’ll make a ton of money since FD’s tend to be highly unlikely and if an option somehow does meet the strike price then that wall street better just won the stock market Reddit vs Wall Street: Who Controls the World’s Capital? Stock Ownership Disparity in America JEC ATLANTA — Self-proclaimed “Reddit degenerates” have incited a stock market war Nike (NKE) stock slid 4% on Thursday while shares in fellow sporting-goods retailer Adidas (ADDYY) tumbled 6%. 1,591,924 likes · 26,516 talking about this. see “I’m happy that I’m with you degenerates” because this is what they are The stock exploded on hype due to Ryan Cohen's involvement and Reddit speculators. And they did it in a way that made billionaire hedge fund managers lose quite a bit of cash. In this video I review GameStop (GME, $4. The American financial system has just been disrupted by a mass movement of "autists", "degenerates" and "retards", to use their own most frequent self-descriptions. Don’t invest more than you’re willing to lose. I’m here to apologize. The forum has become a launching pad for retail Reddit board Wallstreetbets seems to have driven a near-2,000% rise in the stock price of troubled video game retailer. The world watched as Reddit users from r "Like 4chan found a Bloomberg terminal illness," and displays 6. NEW YORK (AP) — Behind GameStop’s stock surge is the grim reality of its prospects: The video game retailer is floundering even as the industry around it is booming. The so-called subreddit is known for its young members who carry Jaime Rogozinski, a former moderator of the now-famous Reddit forum that sent GameStop stock soaring, saw the chaos coming. m. Finbold also reported Tesla CEO Elon Musk seemed to rally behind GameStop's epic surge on Tuesday, tweeting out a link to the Reddit board that's largely hyped the stock. 80 at the end of trading on Tuesday. 658 people like this. A group of amateur stock investors has banded together on Reddit to take on a Wall Street giant in a fight for the value of the stock for GameStop. Written by Jason Williams Posted February 3, 2021 Over the past couple of weeks, a group of self-described “degenerates" on Reddit have been rocking the stock market by targeting specific company Reddit board Wallstreetbets seems to have driven a near-2,000% rise in the stock price of troubled video game retailer. the self-described degenerates A Reddit message board called WallStreetBets (WSB) is legally 'manipulating' stocks in the market while being protected by the 1st Amendment (aka Freedom of Speech). Aurora Cannabis Stock Is Dropping Again. For the past few weeks, most of the fastest-growing communities on Reddit are related to investment and trading discussions. The dust may be settling on the Reddit madness, but the sudden rise of this disruptive cohort is causing some stock-options traders to ask: What if the Nevertheless, the stock is booming — and there are no natural reasons for this. Driven by a community on the popular social media platform Reddit that calls its WallStreetBets, retail investors have been pumping stocks to short squeeze ‘meme worthy’ companies like GameStop, Blackberry, Nokia and AMC. See inside Matthew Perry’s $13. On January 27th, 2021, u/DeepFuckingValue, whose real name is Keith Gill, posted a screenshot of an investment portfolio composed entirely of GameStop stocks and options, displaying over $33. 02 yesterday, and it remains in dramatic flux, soaring and crashing The Reddit blog that Jim Cramer said had more market influence than anyone Wall Street outfit. Positions: I use this term to describe a series of contracts on an underlying. Home / Expert Stock Picks to Buy Now / Hot Stocks / The Reddit Army: the self-described “degenerates” from WallStreetBets goaded one another to buy as many GameStop shares as possible Individual traders have banded together through Reddit’s WallStreetBets message board (where some users refer to themselves as “degenerates”) to purchase shares of heavily shorted stocks, which has Underlying: This is the price of stock. For the past few weeks, most of the fastest-growing communities on Reddit are related to investment and trading discussions. As Buzz Feed reported, the scandal began after a group of self-styled "degenerates" on the Reddit group r/WallStreetBets (WSB) had figured out a way to make the stock of video game retailer GameStop surge more than 480 percent in a week. The Verge. 09, indicating that U. 09:03 AM ET This was a $30-35 stock a few years ago before the acquisition, and there’s no reason to assume it won’t be again once we move past the pandemic. For the rarefied community of hedge fund managers and professional investors, the problem, of course, is that the great Wall street betters are basically betting that the stock price will go above their strike price plus the cost of the premium before the expiration date. Groups like WSB are part of the same ‘crowd trading’ culture, popularised in trading apps like Robinhood, that previously saw millennials drive up the prices of Bitcoin, Tesla and numerous NASDAQ tech stocks through much Weekend reads: Robinhood and the merry Reddit self-styled ‘degenerates’ MarketWatch. typically as “yoloing” cuckolds and degenerates, painting Benn Eifert, chief investment officer of hedge fund QVR Advisors, points to the r/wallstreetbets thread on Reddit, which boasts 1. GameStop (NYSE: GME) — Reddit’s love for GME continues today with a score of 2,131. m. 3mln users (or, as WSB says, 2. com. A position, may be singular and mean an individual leg in general, or but more specifically relates to the group of contracts, or a position Reddit's Wall Street Bets forum now boasts over 9. 42 points, at 30,509. For the first time in financial history all GME call options are in the money (ITM) because the highest call strike price set by the CBOE for Januaray 29, 2021 is $60. The last puff of this cigar butt has been had. Unless you have a good reason to- don’t check your phone every 30 seconds. Going by the really original name “robinhood69”, this guy apparently became a millionaire holding GameStop (“GME”) in its rapid rise to over $130/share. Use a ticker of your choice when you see this word. A sudden wave of new users and YOLO stock buying has reshaped the sub's identity. 8 million self-proclaimed 'degenerates' come to find the hottest stocks and The internet and stock market are aflame over GameStop, You can put some of the blame on Reddit’s Wall Street Bets forum, one of the weirder places on the internet. But I was far from the image of the typical “bored, young Reddit trader” that has … GameStop: I'm one of the WallStreetBets 'degenerates' and this retail trading craze is only just getting started - Flipboard More astoundingly, trading app Robinhood shut down the buying of those stocks earmarked by the Reddit investors. "GameStop jumps after hours as Elon Musk tweets out Reddit board that's hyping stock". Even as the broader stock market sank, shares loved by day traders on Reddit soared. " Reddit's Wall The latest nostalgia stock to jump on the Reddit rally is BB Liquidating Inc. The “degenerates”, as its followers call themselves, urged each other not to sell their holdings, calling on the community to continue sticking it to the hedge funds short-selling the stock. Reddit WSB: $1400 Stimulus Checks x 9M 'degenerates' JUST APPROVED IN THE SENATE For next week: I have been reading that they're planning to throw it all into GME. 1% for the day and 336% so far in 2021. And this trend is spreading across the world. My "break even" is at a share price of just over $221 since the "price to play" is simply the $5 trade commission that my broker charges me. Other stocks doing well today after getting the Reddit treatment include the movie-theater operator AMC Entertainment Holdings Inc. For the past few weeks, most of the fastest-growing communities on Reddit are related to investment and trading discussions. Reddit "meme stocks," or investments that grow Individual stock traders coordinating their behavior on Reddit have sent Wall Street into an absolute tailspin: A hedge fund has gone bankrupt while some traders have made actual millions. Weekend reads: Robinhood and the merry Reddit self-styled ‘degenerates’ January 29, 2021 Trading News As if to remind us that the social media revolution isn’t over, individual traders this week accelerated their efforts through message boards to push up prices of stocks that hedge funds had been betting against. These are the best-performing Nasdaq and S&P 500 stocks of 2020 MarketWatch. This rise has appeared to have stalled. , which rose as much as 39% on Monday. 62 as of 2:05 p. Users The Redditors Behind The GameStop Wall Street Frenzy We meet two followers of the Reddit thread WallStreetbets, who helped push stock of struggling retailer GameStop to new heights. HotHardware articles on the topic of Reddit. While scrolling through the filth and scum of Wall Street Bets, I am certain I may have found one of the dumbest individuals to exist. 21 report that Wall Streeters bet against the stock. Assets under management by pot-tracking ETFs are at an all-time high. But I was only trying to help you degenerates avoid losing money on an unwinnable bet The rise of Reddit's WallStreetBets crowd and others taking advantage of no-fee trading on brokerages like Robinhood is a sign that some investors aren't content simply owning funds that track the A Reddit community of “Degenerates” (as they refer to themselves) called r/wallstreetbets is a discussion board where amateur investors/traders tout their massive losses just as much as their You are no doubt thinking about last week’s hedge fund-frustrating GameStop stock rally and wondering if Reddit’s market-moving lightning might strike twice. And this trend is spreading across the world. Source: CNN Business. Online investing communities found on social media sites Reddit and Stocktwits are also a big factor in the birth of the meme stock. 4 million members-affectionately referred to as 'degenerates' by the community's moderators. Benn Eifert, chief investment officer of hedge fund QVR Advisors, points to the r/wallstreetbets thread on Reddit, which boasts 1. Reddit. The stock has rocketed over 95% this month and is currently up 6. Create New Account. If the Reddit crowd focus shifts to directly Beyond this individual Reddit forum, a wider change seems to be taking place. As of July 2020 I'm bullish on the stock – perhaps foolishly so. However, that hype wasn't backed up by sales. com Surprise BOOM: GameStop stock spikes as Reddit-based effort to spite short-sellers triumphs A fixture in American shopping malls, GameStop once held launch-night parties for the biggest annual releases, but has seen its business fall off a cliff in recent years due to digital purchasing and the decline of malls nationwide. Social media posts claim that discussion platform Reddit shut down the “wallstreetbets” forum responsible for driving a spike in the stock prices of companies including GameStop. Here's why the party might not be over. Similar forums have emerged in the UK, Europe and Malaysia. Gill, a 34 year-old former financial educator, was posting on r/WallStreetBets: A Reddit page that describes itself as “Like 4Chan found a Bloomberg terminal,” refers to its users as “degenerates,” and is frequented by Redditors Whether you are a novice, seasoned, or a professional there is a lot to be gained about stock options and options trading from this very informative website. GameStop Stock Winners on Reddit Are Adopting Gorillas. Melvin Capital, for example, lost more than 50% in The users referred to themselves as “degenerates” or “retards” (an anagram for “traders”) and, when they posted their analysis of possible trading opportunities, it was known as “DD This week, the investing world looked on with a mix of admiration and horror as members of a Reddit forum devoted to stock trading collectively sent shares of a seemingly moribund company through The about section reads: “Like 4chan found a Bloomberg terminal illness,” and displays 6. Although many retail investors have made shrewd profits, some low-priced stocks carry a bankruptcy risk. ” The spectacular melt-up in shares of GameStop Cop. The forum has become a launching pad for retail GameStop: I’m one of the WallStreetBets ‘degenerates’ – here’s why retail trading craze is just getting started February 3, 2021 10. The group noticed that GME was one of the most heavily shorted stocks by hedge funds, and collectively they began purchasing shares. Think saving for retirement is hard? Try Innovative stock firm Ark Invest focuses solely on disruptive tech like AI, robotics, energy storage, DNA sequencing, blockchain and autonomous ride-hailing Topic | Investing E3B1C256-BFCB-4CEF Executives from Robinhood, Reddit, Citadel and Melvin Capital, are headed to Washington for Thursday’s highly anticipated GameStop hearing at the U. It's all happening on a Reddit online forum called "WallStreetBets," where investors chat about investing ideas in casual, often rowdy way. m. GameStop has been swept up in a battle between big-moneyed hedge funds betting against it and small investors trying to prop it up. ” These include AMC, the cinema company who have been shut since the pandemic, BlackBerry, the makers of the popular phones from 10 years ago, and Nokia, another previous mobile phone giant. If someone buys a call, for instance, speculating on a rally, the dealer buys stock in the underlying company. Reddit user Keith Gill, known by the username “DeepFâ A Reddit user who claims to have already lost $13 million on GameStop stock says he isn’t going to cut his losses and sell despite the stock plummeting. Animal-medicine company Zomedica Corp. I was confronted with my populist tendencies during the recent GameStop stock market rebellion by self-proclaimed ‘autists, degenerates and retards’. Read more at straitstimes. said it raised $250 million from private investors, riding a wave of attention after users of the social media website drove a stock market frenzy. Reddit’s r/wallstreetbets forum has seemingly caused Reddit effect takes cannabis stocks on a wild ride. Retail investors have poured more The simplest explanation for what happened is that a bunch of hyper-online mischief-makers in Reddit’s r/WallStreetBets forum – a clan of self-described degenerates with user names like “dumbledoreRothIRA” and “Coldcutcombo69” —–decided it would be funny and righteous (and maybe even profitable, though that part was less important) to execute a “short squeeze” by pushing up the price of GameStop’s stock, entrapping the big-money hedge funds that had bet against it. Not Now. that could really pop the stock. com WallStreetBets: NASDAQ Temporarily Shuts Down Stock Trading The NASDAQ has paused trading after internet “degenerates” spotted Wall Street gearing up to make a killing, beat the traders. Updated: Thu, 28 Jan 2021 23:28:27 GMT. short squeeze has been tipped as finance’s “French Revolution” — a middle finger to the establishment by a hive mind of Redditors able to channel cash into the stock market at such pace and scale that expert hedge funds have had to be thrown lifelines. Reddit stocks continue to captivate. 53%. Reddit Inc. 08:17 AM ET. is up 5. The Wallstreetbets board calls its followers "degenerates. According to data compiled by Finbold, global installs of the reddit mobile app grew by 43. Cindicator Capital didn't immediately respond to a request for comment. r/wallstreetbets is an online community on Reddit. 3 million in returns on what had in 2019 been a $53,000 investment. TSLA, RKT, DASH, PRPL, USO, etc. It was the Benn Eifert, chief investment officer of hedge fund QVR Advisors, points to the r/wallstreetbets thread on Reddit, which boasts 1. The financial world has been scratching its head as hedge funds sweat bullets over the atmospheric stock price rise of declining video game retailer GameStop. When shares keep rising, managing the hedge entails buying more stock. Similar forums have emerged in the UK, Europe and Malaysia. Cannabis plants growing in a hothouse. " Members are Reddit stock traders send GameStop, Blackberry on rocket ship ride With 2. Investors organizing on social media hit multimillion-dollar paydays as they fought Wall Street over Let’s take a look at the stop Reddit stocks today on r/WallStreetBets, according to Unbias Stock. Thursday, November 05, 2020. Finding Stock DD from Around Reddit & Reposting it to Provide Those Who Work Hard Researching … Shame, I just found this searching "investing" and "stocks" and seemed like a fun community. 03, $260M market cap). Reddit’s fastest growing communities Yet rather than bailing on stocks, investors are showing what Eric calls “indifference to traditional assessments of value. For the almost 3 million-strong group of self-described "degenerates" on Reddit's WallStreetBets forum and other social media sites where this new army of day traders gather and conspire, the game The sub-reddit, r/ WallStreetBets, or at least a big part of it, brought the price of what they refer to as ‘meme stocks’, especially retail game company Gamestop (GME), to dizzying heights in a matter of days. If you don’t understand stock trades, it can be a bit in the weeds, but the general idea is simple. Individual traders have banded together through Reddit’s WallStreetBets message board (where some users refer to themselves as “degenerates”) to purchase shares of heavily shorted stocks, which has Thanks to Reddit, Interest in Stocks Will Boon. 1 billion stock sale agreement. 5 million users — “degenerates,” using the site’s own By Lionel Laurent The GameStop Corp. There are a few degenerates trying to pump Nokia Corporation (“NOK”) as it fits the similar style of “dying” companies. That's where the Reddit set perceives a weakness. Log In. 4 million members-affectionately referred to as 'degenerates' by the community's moderators. Moreover, last week’s unemployment report was a pandemic-low, a sign the labor market is improving as the economy gradually reopens and the vaccine Investors on Reddit have launched an attack that’s both trolling and serious on Wall Street firms by purchasing shares in GameStop, pushing the stock price up over 480% in a week, costing hedge funds millions of dollars, and skyrocketing young investors’ portfolios and egos. . The stock lost three-quarters of its value in 85 minutes, plunging from nearly $500 at 10 a. 8 million self-proclaimed 'degenerates' come to find the hottest stocks and option plays. (Reddit Degenerates versus Wall Street Suits) and an age of commission-free The retail investors who are gambling on worthless companies and stocks thinking they are going to short squeeze to riches are about to get wiped out. According to S3 Partners via CNBC, short sellers are down about $91 billion for the month of January. Wall Street Bets, or WSB Which brings us to the concept of free stock trades. And this trend is spreading across the world. (NYSE: GME) to make short sellers like Citron pay… And pay dearly they have. 662 people follow this. What are your thoughts on GM r/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and option trading. GameStop stock is surging, thanks in part to retail investors coordinating on Reddit. As GameStop stocks rise, so do the sentiments of WallStreetBets Interest in the GME stock was so high Wednesday, that Reddit itself seemed to struggle to deal with the traffic load. The degenerates over at r/wallstreetbets have targeted heavily shorted shares of GameStop Corp. For now, the little guys are winning. "Reddit's GameStop traders turn their attention to AMC stock". Game 1: Going long with stocks. Weekend reads: Robinhood and the merry Reddit self-styled ‘degenerates’ Also, retirement destinations, clean-energy ETFs and climbing out of debt. Many of the WSB “degenerates,” as That title belonged to a tiny company that was a penny stock before Reddit got hold of it — Sundial Growers (SNDL). A Reddit community of "Degenerates" (as they refer to themselves) called r/wallstreetbets is a discussion board where amateur investors/traders tout their massive losses just as much as their gains. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Hello Reddit. ” In this case, the indifference is arising because investors are Find the latest Koss Corporation (KOSS) stock quote, history, news and other vital information to help you with your stock trading and investing. The talk of the stock market right now involves GameStop (among other stocks) and a group of Reddit users that decided to play Wall Street’s own game against them. 1 million users — or, as they like to call themselves, “degenerates. Other stocks involved in the first wave of retail trading mania The army of millions of investors from Reddit’s WallStreetBets community pushed The Reddit logo is seen on a smartphone in front of a displayed Wall Street Bets logo in this illustration taken January 28, 2021. Retrieved 2021-01-27. Everyone knows doom is just around the corner for some key players; a Given that it’s on Reddit, it is accompanied by traditional Reddit-house style, which often includes profanity, irony, and a tremendous dose of memes. , which rose as much as 39% on Monday. 1 million users on r/wallstreetbets -- or “degenerates,” as they’re known on the message board -- when that happens is anyone’s guess. Retrieved January 27, 2021. 5 million users -- “degenerates," using the site’s own A group of investors from Reddit sent prices on GameStop stock, along with other companies, soaring. This week, the investing world looked on with a mix of admiration and horror as members of a Reddit forum devoted to stock trading collectively sent shares of a seemingly moribund company through the roof. GameStop was the first of a group of stocks targeted by retail investors from a subreddit called “WallStreetBets,” self-described “degenerates” who banded together to “stick it” to Wall Street. January 24, 2021. Buckle up, because this does not look like a blip. DeepFuckingValue, a Reddit user named Keith Gill who had been one of the diehards going long on GameStop, is a 34-year-old dad from Boston who just loved talking about stocks on the Internet. Don’t panic sell a stock you really believe in. Worst case is the stock tanks overnight and I lose $10,000. S. Many There has been insane volatility and volume on stocks like forum on Reddit with millions of followers. And in those moves lie some important lessons for investors to avoid a dangerous game. The video game retailer recently attracted the attention of short sellers — hedge funds and investors that bet on a company’s share price dropping — thanks to layoffs and dwindling sales. it had become a frenzy as forum members piled into GameStop and other stocks, including BlackBerry and cinema group AMC Entertainment, using low-fee But the “degenerates” will continue to be a force. 21am EST Mohammad Rajjaque , University of Sheffield A Reddit blog called Wall Street Bets (WSB) is where over 1. MUMBAI: A group of American retail investors and day traders on Reddit, who revolted against Wall Street hedge funds by pushing up the over shorted stock of video game retailer GameStop by 3,000% . Discord has banned the server used by the controversial subreddit r/WallStreetBets for repeated violations of the company’s hate speech policies. CNBC. is where over 1. 5 million users -- “degenerates,” using the site’s own Other stocks from “failing” companies that were targeted for shorts have also been boosted by the self-proclaimed “degenerates. A bunch of hedge fund managers shorted stock trying to make money. reddit degenerates stocks