But in this trading saga, Reddit users had driven up the price by buying so much. But in this trading saga, Reddit users had driven up the price by buying so much. GameStop fun turns serious for Reddit's WallStreetBets. Ad Reddit explains in … Ultimate. A good question! An army of traders on the Reddit forum r/WallStreetBets helped drive a meteoric rise in GameStop’s stock price in recent days, forcing halts in trading and … Despite differing outcomes, shares of GameStop GME, +1.82% and AMC Entertainment AMC, … ET on Monday, the price dropped and was at around $82 per share. A Reddit community has blown up the stock price of a game retailer in the US - costing investors billions in the process ... GameStop share price explained: How GME stock value was driven up … Reddit – Short Squeeze Explained for Dummies. Short squeezes and stock mania are nothing new. Yesterday, we talked about the GameStop ($GME), the video game store that has become a meme stock favorite on the subreddit r/WallStreetBets (WSB) and … An online forum called Reddit is sending the old guard of Wall Street into a tailspin: to date, they've managed to boost an ailing video game shop stock by 1700 per cent. One such user named deepf***ingvalue, had put in a legendary $50K bet on GME in options. Although it had been building for a while, the rally really took off on Monday, … Since then, the stock has roared to life culminating in a meteoric rise above $380 on January 27. Individual investors coordinated a buying spree in the video game retailer’s shares using online message boards. Ultimately the price reached an all-time high of $508 in after-hours trading on the 28th of Jan. GameStop stock is up again after quite the beginning to 2021. As explained by Decoin, there’s a way around the lockdowns of GME that have been offered by various brokerages. The GameStop stock rally is the handiwork of r/WallStreetBets, a Reddit community where people share news, memes and personal anecdotes about playing the stock market. Thanks to some financially savvy Redditors, and a push from Elon Musk, a number of flailing companies, including GameStop, are having a great week on the stock … Precise Answer - Melvin Capital Management has lost over $2 Billion in just two weeks to cover up its short position. So the professional investors tried to make money off GME’s decline by borrowing the stock, selling it high, buying it back low, and pocketing the difference, minus the fees to borrow the stock. Lots of investors tried to short-sell the stock. On the last day of 2020, GME shares closed at $17.25. The exchange’s users can trade GME with crypto-assets via Decoin. 9.0k. ... CNBC's Kate Rooney reports on stock names moving on Reddit and Michael Blurry's $350 million bet against Tesla. For all the jobs and homes people have lost. Despite its immense rise and just as heavy fall, GME stock continues to garner massive investor interest. Participants connected to these amazing datasets containing GameStop (GME) stock data and post history from the WallStreetBets subreddit and built some awesome Power BI reports! Hence, increasing GME’s stock price. So let me explain a few things that have been floating around on subreddit, then explain how the hedgefund uses them, as well as thing's you'll see to confirm your theories. GME closed at $61.50 on Friday, leaving twitter to buzz about these chuckleheads over on reddit making Gamestop come unglued from reality all weekend. The squeeze Updated 7:10 AM ET, Sat January 30, 2021 In others, it represents a new frontier. Dow Jones Futures: After The Stock Market Rally Sell-Off, What Investors Need To Do Now; GME Stock, Tesla Rival Nio In Focus Investor's Business Daily Jan-29-21 07:42PM Removeddit – Short Squeeze Explained for Dummies. So, the individual holding the short position would have to purchase the stock back at a much higher stock price on the settlement date; thus, losing money. Get a real-time GameStop (GME) stock price quote with breaking news, financials, statistics, charts and more. As the Reddit crowd was amassing its positions, chewy co founder Ryan Cohen invested $76 million into GME at an average price of $8.43 in late 2020. GameStop Corp. is an American video game, consumer electronics, and gaming merchandise retailer. The group “r/Wallstreetbets” (aka WSB) is a longstanding subreddit channel where over 3.5 million Reddit users discuss highly speculative trading ideas and strategies. With an army that called themselves the GME Gang, the retail investors purchased thousands of shares of GME and drove the price up. GameStop stock is on the rise, and a Reddit group called WallStreetBets is at the heart of an unusual meteoritic rise in price. To make this easy, let’s say the stock costs R10. GameStop spikes another 91% as Reddit investors push stock to dizzying new highs. GME should legit be an $80 stock after the short squeeze is over. GME stock’s short interest has grown from sub 20% in February and back toward 30%. 24 days ago. Press J to jump to the feed. GameStop (GME) has been identified by hedge fund investors as a good short opportunity, as a stock in decline with no sign of rising anytime soon. January 30, 2021 05:57 PM ... Reddit mascots are displayed at the company's headquarters in San Francisco. GME stock is the poster child of the lucrative “short squeeze” rally that took off in early 2021. Find the latest GameStop Corporation (GME) stock quote, history, news and other vital information to help you with your stock trading and investing. But the Reddit community WallStreetBets (WSB) has put its own spin on an old formula via GME and other unloved stocks. Wall Street has been watching GameStop in awe as a band of Reddit-obsessed retail investors managed to push the stock up 1,500% in two weeks, … GME Stock Short Squeeze Frenzy. The latest large swing in the company’s shares comes after Keith Gill, the man behind the Reddit-driven frenzy in GameStop stock, disclosed a larger stake in it late Friday. The stock went even higher — per CNBC, it got up to $159.18 with more halts due to volatility. Long story short, the author weaves the thread between all three firms and shows how their coordinated efforts are rigging the game for big money. DD Compilation Daily Discussions GME M.O.A.S.S. A few years later, MF Global would suffer the same fate when their European repo exposure triggered a massive margin call. Reddit Penny Stocks To Buy [or avoid] #1: Oragenics Inc. (NYSE: OGEN) Oragenics was a big mover earlier in the year. GameStop is expected to lose money this year and next year. Join. How Reddit’s r/WallStreetBets turned hedge funds and the stock market upside down — and then the Mets and Elon Musk got involved. But in this trading saga, Reddit users had driven up the price by buying so much. Tendies, rocket ships, diamond hands — this is the language of WallStreetBets (WSB), the white-hot subreddit powering the GameStop (GME) frenzy on the stock market. On Jan. 13 GME went from $19.95 to $31.40 (57% increase) in one day.
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