wallstreetbets gme explained

This is because WallStreetBets and retail investors saw that hedge funds were shorting the stock more than there were available shares. WallStreetBets is seen as renegade trolls trying to make millions by betting big on "meme stocks," like GameStop. GameStop share price explained: How GME stock value was driven up in 'short squeeze' by Reddit traders . GameStop (NYSE: GME), Nokia (NYSE: NOK), BlackBerry (NYSE: BB), AMC Entertainment Holdings (NYSE: AMC) and many others were manipulated higher by retail traders, kicking the hedge funds that were short the stocks right in the… well, right in the shorts. If you sold the options on Friday (Jan. 22), when the stock closed at $65.01, they were worth $18.16 per share. Jimmy Lee, a 20-year-old college student in Southern California and member of WallStreetBets, told me his GME holdings could help his family buy another car. r/wallstreetbets - GME Squeeze explained by /u/P08C ... r/wallstreetbets - Important! GME Short attack tactics ... GameStop Stock Soars as Reddit Investors Take On Wall St ... WallStreetBets vs Robinhood: Explained (WSB Lawsuit ... They've recently been encouraging each other to keep buying GameStop and push it ever higher, or "to the moon." GameStop shares have soared 1,700 percent as millions of small investors, egged on by social media, employ a classic Wall Street tactic to put the squeeze — on Wall Street. Keith Gill Drove the GameStop Reddit Mania. He Talked to ... Or . Gamestop shares have climbed to $148 yesterday after being at $18 on January 1, 2021. On January 22 (last Friday), GME opened for trading: In the 1st hour, GME price jumped 5%; In 2 hours, GME price rose 10%; In 3 hours, GME price soared 40%! Above $190 the path looks open to $300+. For months GME has been tightening and building higher lows on the daily and weekly. It will be interesting to see who the winners and losers are when the game is over and GME is back to $10 or $20 per share. However, it doubled in four days. Every Release of a new console rapidly increases the price per share of GME such as in 2007 with the release of the PS3 and Xbox 360 and in 2013 with the release of the PS4 and Xbox 1, in both scenarios, the share price capped in the low 40's before falling back into the . Since we know that GME has 69.75M shares and 97.68% are shorted you can do the math and find that the total shorted shares for GME is around 68.13M. GameStop's Reddit-fueled rally, explained Video game retailer GameStop is up more than 20x since March lows (and +79% in just the past 2 trading days). At that point in time, between 5,000,000 and 7,000,000 shares were shorted in the blink of an eye. Employees of Citron Research and their families were threatened online and offline, which made Citron Research give up their comments to protect their . A retailer that might have just found a way to make back its lost days. Who is Wallstreetbets? The movie-theater company stock is up 182% to $13.96 and climbing. A lot of them seem to be disenfranchised, disgruntled young people, mainly gen-Z, or millenials , with many claiming to put in their GME share as a virtual anti-wall st. "protest" buy. He Talked to the Journal. But during the pandemic the. Along with Blackberry, Bed, Bath & Beyond, and Nokia, AMC has attracted the interest of the r/wallstreetbets community, which began hailing the company as. Kane Dane January 31, 2021 Crypto News, Ripple. We review market caps, using DOGE and GME as case study examples and try to figure out roughly how much money is in WallStreetBets reddit group ready to buy up XRP (Ripple)! GameStop GME, the meme stock of the year, failed to unveil the systemic restructuring plans that overzealous traders & investors were hoping for in its latest quarterly report, which drove more bearish calls in the stock, pushing GME into a Zacks Rank #5 (Strong Sell) The r/WallStreetBets Revolution . And . It has become notable for its colorful and profane jargon, aggressive trading strategies, and for playing a major role in the GameStop short squeeze that caused losses for some US firms and short sellers in a few days in early 2021. . Today Robinhood banned multiple WallStreetBets stocks, such as GameStop GME, Nokia NOK, BlackBerry BB, and AMC. Can WSB pump XRP to $5 and beyond? Wallstreetbets has XRP in their sites! GameStop's stock closed out at $65.01, up 51 percent since Thursday's close. If you have not been paying attention, here is what you missed: a group of rogue traders in the r/WallStreetBets (WSB) Reddit forum set out to send GameStop Inc (NYSE:GME) stock prices to the moon, and, they did, to the tune of more than 1100%. GameStop Stock (GME) short squeeze explained. The popular Reddit page, known as a subreddit, WallStreetBets is fond of targeting short-sellers. WallStreetBets is the major name involved in the pump of GME Stock; AMC, BlackBerry, Nokia stocks also faced extreme price swings this week; Three weeks ago the GME Stock price was settled at $18. WallStreetBets and Gamestop Movement Explained. Jan. 22, 2021: GameStop surges 50%. What is a stock short? Shop WSB Store! The r/wallstreetbets community caught onto this high short interest and wanted to "squeeze" them out of their positions. The news changed the trajectory of GME sending it on a slow but steady incline. wallstreetbets user mohammad rajjaque explained on the conversation that "dd" stands for "due diligence" and refers to the detailed analysis of the possible trading opportunities, "just like the. Trader known as DeepF—ingValue on the WallStreetBets forum helped turn the investing world upside down . If you had . As of near 3 p.m. Lee's father is a janitor, and his . You put in $335 and got back $1,816; you made a 442% return in four days. The serious money is still going long. By Finlay Greig. What is going on with GameStop Stocks? GameStop soared -- and then sank in a short squeeze. GME is still incredibly inflated and lots of the WallStreetBets folks still have shares. The share kept surging higher, hit $347.51 on Wednesday but was down by 44% on Thursday. January 25, 2021, 9:57 AM EST One trader turned $53,566 into more than $11 million Jan 27, 2021. Monday, with an even larger spotlight on the trade, GME blew its top at $159.18, eventually settling at $76.79. GME Stock On Monday, the stock began to rise to about $76. Why? 1:55PM: Shit gets interesting.Really aggressive shorting for the second time that day brings the price down to $126. And why are they trying to go after Hedge Funds who have shorted GameStop. Subsequently, GME shot up. WallStreetBets vs Robinhood: Explained (WSB Lawsuit Against Robinhood | Stocks To Buy GME, AMC, NOK) By Daniel Wall Posted on July 20, 2021 July 20, 2021. GME share price has been increasing steadily for the past few months. The WallStreetBets controversy explained, briefly The subreddit WallStreetBets is well known for making some crazy market moves and making equally crazy profits and losses in the process. Over the last week, the Reddit forum WallStreetBets has helped push stocks like GME (GameStop), AMC, and BB . The key level to break out of the wedge is ~190 which we're pretty much exactly at now. A couple of large hedge funds that like to go short. ET on Monday, the price dropped and was at around $82 per share. Traders on r/wallstreetbets rallied around GameStop, investing hundreds of thousands of dollars. These . Retail investors waged a war of "short squeeze" against Wall Street hedge funds by buying GameStop's stock called GME and drove it to soar 1700% in 9 trading days! A classic WallStreetBets trade tends to include a strong narrative at the root, an almost alarming insight into the deep workings of financial markets as the hook, and then, the essential element . Wallstreetbets GameStop GME shirt. 14. Observers congregating around r/wallstreetbets believed the company was being significantly undervalued, and with such a large amount of the shares being short they could trigger a short squeeze, by driving up the . GameStop . All the tactics Hedge funds are using to crash GME prices were revealed as far back as 2014 in this article: Anatomy of a short attack TL;DR: Ladder attacks to drive the price down, Media assults, Brokers pulling margin, Paid bashers, Diversion attempts - all tactics seen in recent weeks were predicted by this article from 2014 Buy WallStreetBets T-Shirts, Gifts, Clothing and Merchandise on a particular... < /a > GME explained wallstreetbets gme explained... 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