Reddit community WallStreetBets squeezes short sellers

ABC News’ Rebecca Jarvis breaks down the Wall Street battle between established hedge funds and a group of internet traders who are causing some stock prices to skyrocket.

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31 thoughts on “Reddit community WallStreetBets squeezes short sellers

  1. O WALLSTREERBETS APLICOU O MAIOR GOLPE DO ANO 2021, EM MAIS DE 355 MIL SEGUIDORES. E AGORA VAI JUSTIFICAR DIZENDO QUE FOI HACKEADO.

  2. I love that both lefties, righties and centralist proletariat are rallying against the elite bourgeoisie. Just show you we need to get over i tribalism and meet eye to eye to take out the true Enemy.

  3. From our dorm rooms, basements and frat houses? Who are these people talking down to retail investors like that.

  4. The Bitcoin-Cash market like the Bitcoin market has been witnessing restricted movement. The digital asset was priced at $405 at the time of writing but was heading lower on the price scale. Meanwhile, the market capitalization has slipped to $7.49 billion putting it in the ninth position on the CoinMarketCap list. Bitcoin Cash’s price remained above the support level but a drop is possible. The market has been painting a bearish picture due to increased volatility indicated by the divergence of the Bollinger Bands. A price swing further along the channel could be a possibility. The signal line also remained above the candles, suggesting that the price was moving lower. The Relative Strength Index affirmed a rise in selling pressure as it was dropping from the equilibrium zone and closer to the oversold zone. If the price didn’t hold at $393, it may continue its fall till $336. As  a crypto trader the past few weeks has recorded immerse benefits all round, my only regret now is not knowing Burwell Coleman on time, his top notch signals remains the bedrock of the successes recorded in my  personal trading portfolio. He continues to be an inspiration to all who have been fortunate to have made use of his s!gnals. Burwell Coleman can be reached on his gmail (burwellcolemanfinance@gmailcom) and telegram (burwellcoleman), remember always be positive in whatever we do..

  5. The shorts are definitely hurting! WallStreetBets has been feeling the heat, too. GameStop has been the perfect storm for the current retail trend. It’s a recognizable name, there’s some business case for it, and it’s turned into a meme. Stocks are still the way to go in 2021, opportunistic investors should keep an eye out for movement in key stocks to shore up their portfolios.

  6. So fun seeing Wall Street finally get their comeuppance, hope this keeps happening in one form or another in the future.

  7. Who has the right to say that these college kids and little guys do not know much ? The big guy can set a world with arbitrage on his own valuation expectation. Why can't the herd of little guy set the momentum of rising price expectation ? Now, the short positions from the big guys are losing money and they start whining about it. Maybe the SEC or any educated and less educated individual should think about this scenario is dominated by different valuation expectation with which the short sellers start with. Maybe this whole process from last weeks are more a price discovery regardless what the end resulted price will be . Likewise, you may have big guys jumping in the same bandwagon to go along with the North action of little guys. How can there be so many commentators say that the little guys may be speculating without education ? How can SEC draw the line by fairness and transparency when it investigates the big and little guy actions, of course with the motivation of brokerage firms? Protecting investor interests is important but a fair game is also important. Is there any law disallowing little guy following the momentum of the stock ? How do you know exactly the fair value is ? in the game stop case, educated valuation from short hedge funds is not that right on valuation Otherwise this hedge fund does not need to lose money and close positions..Cheers.

  8. what alternative reality is ABC and CNBC in where brokerage firms (robinhood, schwab, etc) literally BAN people from BUYING stocks and practically force SELLS, the Dow inevitably falls because of that, AND PEOPLE BUYING STOCKS ARE BLAMED?? It would be funny if it weren't so sad. Get real, guys! And also news anchors crying "muh 401ks!" like who depends on their 401ks after 2008 anyway?? The only reason to even have one is if your employer does matching and then you should only put in the amount that gets matched… if you don't have matching, you shouldn't even HAVE a 401k in the year 2021, and you certainly shouldn't depend on that for your retirement!! It's been over 10 years since the great "recession" started, and you haven't realized that yet? Wake up boomers!

  9. Stimulus money? Smh! That $600 ain't around. That's grocery money that eaten and shitted by now lol! I hate how they're trying to blame stimulus checks that helped so many people get by! Smh!

  10. These are not really flaws – the flaws are elsewhere. Why the SEC has manpower to look into these but had no manpower to look into the subprime loans? You must remember that Hitler rise to power only happened because the NY Stock Market was an unregulated Ponzi scheme. "With great power comes great responsibilities" — Uncle Ben.

    Now … do you think that text is bad? How about this: "Attack on American Free Enterprise System"? This is the famous Lewis Powell Memo written in the mid-70s? Now … the stock market is gambling: it's a zero sum game that produces no wealth – the gains come from the losses and if you add both it gives Zero!

    Here's the Lewis Powell Memo: https://scholarlycommons.law.wlu.edu/powellmemo/

    Lewis Powell was later appointed and accepted into the Supreme Court.

  11. The power of the Free Market is back in the hands of its rightful owner We The People
    As we have seen how reddit has brought together people and effectively manipulated both AMC and Gamestop stocks, I have come to the conclusion that AS A COLLECTIVE we control when and where the market fluctuates
    We can revive companies that we once loved or still do
    We can shut down companies that don’t have the interest of the consumer at heart
    We can force pharmaceutical companies to lower their price on medications and in turn make insurance companies lower their rates on their policies or both at the same time
    We can eliminate student debt and make for-profit institutions drive down their price of tuition so higher education is more accessible for everyone
    Thanks to the First Amendment, they cannot silence us
    Thanks to the Second Amendment, No military can stop us
    The Government and Corporations no longer control us
    We now control the Government and Corporations
    The founding fathers new exactly how oppression worked and how to eliminate it
    There will be no more kings in the future
    There will be no more suffering financially for the poor, the sick, or the tired
    Ladies and Gentlemen
    Welcome to the New World Order where WE control things
    God’s Illuminati has been and always will be superior to mankind’s Illuminati
    You now have been Enlightened
    God blessed America
    It's time we return that blessing and stop the gears of the Devil together

  12. wallstreetbets next stick-it-to-the-man move is to pump xrp crypto, its breaking out on the daily chart as we speak, get it while you can

  13. I am happy these rich fuckers pay for once
    Now they say that we need more regulations
    They have been having a monopoly and destroying lives since the birth of hedge funds but now they will pay

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