BB stock, AMC, and GME are down 9%, 26%, and 16% in after hours trading. This makes sense, following bold predictions from the likes of Mark Cuban. All rights reserved. Jim Cramer Explains. Will the rise of the Reddit trader change the stock market forever? Under $10 stock 6. Social media users are one again sounding the alarm on a short squeeze. ... GME stock ⦠Keep a close eye on the social media platform and on GME stock. It looks like it is not game over for GameStop (NYSE:GME). In various ask-me-anything sessions, Cuban said he thought there was great short squeeze potential in the future. Will GME Stock Surge, Reddit Change Market Psychology? Dogecoin Price Predictions: What Does #DogecoinRise Mean for DOGE. HFs got shook that everyone noticed the 140% short interest on GME and needed a way to make it appear as though they covered without actually covering. His comments sparked hopes for direct-to-consumer sales and a more technologically savvy business. Article printed from InvestorPlace Media, https://investorplace.com/2021/02/gme-stock-wallstreetbets-reddit-crashes-wsb-reddit-stocks-gamestop-100/. The Reddit community r/WallStreetBets behind the ongoing short squeeze of the GameStop stock (NYSE: GME) is just refusing to give up. While no one has a crystal ball, Kenny Polcari managing partner at Kace Capital Advisors, said he expects long-term investing to continue despite the fortunes made and lost in the volatile trading of GameStop (GME) - Get Report, AMC (AMC) - Get Report, Blackberry (BB) - Get Report and more. Right after the closing bell, Reddit acknowledged via its social media accounts that it is having issues with its desktop and mobile experience for customers. All rights reserved. InvestorPlace. This makes sense. Along with this, it says the systems are starting to recover. How is it possible that 140% of #GME stock was sold short? What Is the Roblox IPO Price Range? Highly Shorted 3. Even experienced traders have trouble trading them. A significant share of the bets on GMEâs stock going up have taken the shape of call options, where an investor pays a smaller amount up front for the right to buy a stock ⦠Why GameStop Stock Soared Another 18% Today. The "wallstreetbets" Reddit crowd have really ramped this stock through aggressive call option buying which is putting huge amounts of pressure on other market participants. Itâs easy to think of Reddit investors as a single person âin the past month, r/WallStreetBets seemed to take on a life of its own. RBLX Stock IPO: When Does Roblox Go Public? Take a Position in Stellar Lumens Now as It Keeps Making Its Way Higher, 7 of the Top Transportation Stocks to Buy Right NowÂ, After Earnings, the Battle Over Nio Stock Is All About Valuation. This is described in the SEC memo on page 7. Maybe we will see another wave of the Reddit stocks rally in the coming days. Gamestop (GME) has undoubtedly been the hottest stock of 2021. ET on InvestorPlace.com What Will the Stock Market Do Today? GME and AMC Stock: The Systemâs Rigged! GameStop stock is on the rise, and a Reddit group called WallStreetBets is at the heart of an unusual meteoritic rise in price. At its peak #GME saw more than 140% of the stock ⦠The Motley Fool - 6 days ago. No one forced Reddit traders to keep buying at $300/share or higher). Expanding Market 5. It would make sense for investors to check out on particular forum for more information on GME stock… However, it turns out that forum is also down this afternoon. GME stock looks ready to surge past $200 at market open as Elon Musk joins the cult of devoted GameStop followers. https://t.co/PLZPIXJTT8, — reddit status (@redditstatus) February 24, 2021. The site RedditStatus.com reported major issues for both types of customers, but now says Reddit has identified the underlying problem.
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