Might as well give this a shot since this past trading week has officially begun the "Wall Street can ___ my ___!" era. I think what happened this week will spread like wildfire beyond GME to a whole host of other stocks, as there are millions of pissed off investors/traders who are looking to pull off another Gamma Squeeze just to stick it to the hedge funds and rule makers. Perhaps we can use this thread to track the buzz, see which stocks are targeted next by the WSB crowd, and chronicle how this all plays out. Thoughts? Predictions? Read anything interesting?
The year is 2021, a new investment paradigm is upon us. The meme economy has monetized itself in a way nobody could have expected.
Well, we can start with which stocks are highly discussed meme stocks, after GME. From what I’ve seen, it’s AMC, BB, NOK, BBBY, NAKD There are more, but I would say, the above, in that order, are highest talked about after GameStop. I don’t believe GME is done, so it’ll take awhile before those who are smart enough to get out of gme before the inevitable drop start making a full on push to the next one.
Do you differentiate between hyped stocks and stocks that actually have solid current value as well as future potential? Three of the stocks on your list don't really fit into the "hyped stock" model. BB - signed-up with Amazon to develop software, NOK - is one of two companies that offers 5G tecgnology to Europe and BBY is a major reatailer with many locations. The other three have nothing like this.
I consider "meme stocks" to be ones that are hyped (legitimately based on fundamentals or not) by the reddit crowd and not the talking heads on TV. The news has dropped this like a hot potato. I think the current crop of stocks is done for a while.
I don't understand your thinking at all. BB has exited the smart phone space and now is providing AI software to Amazon. NOK has a new line of phones that have impressed reviewers, to be launched soon and BBY is a well established large store chain. Meanwhile, AMC is not allowed to have customers and GME has used products and equipment no one wants. How can you clump all these companies together? You are saying all five of these companies have been hyped on fundamentals (Reddit knows better than traditional news sources). Here's a prediction for you; GME and AMC will dwindle down and just be stuck at where they were before the hype. However NOK, BB and BBY will continue to acheive innovative business activity, gain press from it and their stock values will rise. I would love to know how a stock can be hyped legitimately on fundamentals or not. I think all would like even one example of a stock that was hyped legitimately and had poor fundamentals.
I'm not sure you are understanding what I am saying. The term "Meme Stocks" has NOTHING to do with fundamentals. Hedge funds got caught shorting to the moon and back companies who are either in deep shit or are doing okay. Ordinary folk discovered this and bought the stocks. It has everything to do with gamma squeezes and hoards of retail investors getting into certain stocks either to stick it to the hedge funds or just be be a part of the mania. It's kinda like taking a selfie in a riot. That's where the memes come from.
That is not true. Hedge funds did not "get caught shorting stocks". Hedge funds as well as individual investors short stocks all the time as its a legitimate investment tactic (ordinary folks also short companies and they do so constantly). But based on your rather naive logic, I presume when you use the word legitimate you really mean "group think". You know, 10 million people can scream and shout about a Justin Beber song, it must be legitimate! This is your approach to investing?
Dude, you are all over the place, picking words I type and misrepresenting them. Hedge funds absolutely got caught with their pants down. The hysterics were all over the GME thread. If you do not know that, then I do not know what to tell you. That, and you are a bit of a smug little prick. Go waste someone else's time.
id say they absolutely “got caught” shorting stocks. They did not pass go. They did not collect $200. They lost. And they were sore losers.
I see you are confused and overwhelmed. Lets make this real simple. Shorting stocks is not illegal. The existence of hedge funds also doesn't violate the law. Each time a large corporation makes money it probably helps out a regular joe like you with a job either directly or indirectly. You still have'nt explained how your list of these five very different companies ends up on one list. Please educate us.
You are smug, indeed. You just come here looking for a keyboard fight? Id say he explained it very well. If you want to do deep analytics, maybe do them on that particular stock thread?
Is it so smug of me to ask a poster here to explain how his list was assembled? I may be smug but I'm not the one who lost his temper and lashed out on a forum site on a Saturday afternoon. Do you know how to tell if you are winning an argument? When people stop arguing and start attacking the arguer!
Yeah you won. Congrats. Now im stopping too. Because you won and i am bored with your teenage shenanigans.
Don't worry, man with 14 posts and one hell of a passive aggressive gaslighting complex: This is not an argument. It's definitely not a debate (as you are clearly incapable of it). This is you making a fool of yourself. "Better to remain silent and be thought a fool than to speak and to remove all doubt."
As for the thread, anyone think anything will come of the GME hearing/investigation? Would be nice to really clamp down on the already illegal practice of naked shorting.
Illegal practice of naked shorting? I figured illegal stuff happened. Like halting opening orders and allowing closing orders. But naked shorting is completely legal, no? Unfortunately, i imagine either nothing will come of the hearing. If something does, my guess is that it will be to the pro’s favor, and our retail disadvantage. Thats just what the pessimist in me expects from regulation/legislation.
This last line seems to apply more to you than to me. I merely asked you to defend your list of stocks, sharing whatever attributes you think they share and you have become aggressive, agry and offensive, twice. I still welcome your constructive defense of this list but I don't think you are up to the challenege. Before you respond, maybe count to 10, do a few jumping jacks or whatever you have to do before you see red. Happy trading!
I did a bit of reading about the statements that GME was short more shares than were in existence. I came across this article: https://www.thestreet.com/mishtalk/economics/naked-shorting-is-illegal-so-how-was-gamestop-140-short Them damn loopholes, man! Though shorting is legit, I think it is on the predatory side of investing and will not go there. I would rather give my money to companies I see doing well than hoping for the failure or misfortune of a company. And I am with you. Nothing good for the average Joe will come of this. Just hand slaps and private conversations about how to do the same crap while being less conspicuous.
After extensive therapy and exercise in preparation for your challenge, I have just one thing to say: You're still here?
