27.1.2021 | 21:35
Skošum ašeins įrįs 4Chan į Wall Street
Q: "Hedge fund billionaires, regulators, and financial experts are livid that the retail day trading mob are running circles around them, causing them to lose billions after getting squeezed on their Gamestop short bets."
Q: "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. Buckle up."
"Throughout January, GameStops value shot up from $18 per share to $334 on Wednesday. As hedge fund managers whined and raged on television and Twitter, the WallStreetBets community dug their heels in and continued to buy.
Both funds took a beating, with rumors of Melvin Capital's bankruptcy circulating on Tuesday. Melvin manager Gabe Plotkin told CNBC that these rumors were false, but the fund still needed a bailout of nearly $3 billion to cover its losses, before it closed its position that afternoon."
"Theres been an awakening," financial adviser Tim Collins wrote last week. "A large group of retail traders have realized if they work together...they can overpower any institution or short seller in the world, outside of the Fed, of course."
Q: "Tesla and SpaceX CEO Elon Musk recently joined in on the speculation surrounding GameStop stock which has opened up with massive gains this morning. Bloomberg reports that GameStop stock continued its upward trajectory in pre-market trading following a tweet from Musk, and in open market trading has surged as high as $366 as of this writing."
Q: "But the huge retail investor-driven rally is not confined to the video game shop. Shares of headphone manufacturer Koss, for example, are up 275 percent to an all-time high. Shares of AMC are up 182 percent. Blackberry shares are up 16 percent. Shares of Bed, Bath, & Beyond rose around 30 percent on Wednesday. Shares of Nokia are up 40 percent."
Q: "Analysts blame tech-savvy young day traders, who they say are taking on hedge funds in a conflict with generational overtones.
And the phenomenon could be spreading to Europe, with several stocks subject to unusual fluctuations in Wednesday trading.
It's a battle between Wall Street pros and upstart investors using social media platforms such as Reddit, analysts say. And at the moment, the upstarts have the upper hand.
Key to what's going on is "shorting", where, say, a hedge fund borrows shares in a company from other investors in the belief that the price of stock is going to fall."
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