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What does going to the moon mean in stocks?
What does “to the moon” mean? If someone posts “to the moon”, it means that they think the price of a stock or a cryptocurrency is going to see a huge increase. For example, if someone says that Bitcoin is going “to the moon”, then it means that they believe the price is going to explode upward.
Why is Gamestop rallying again?
There is no clear catalyst for the move, but the stock continues to enjoy strong interest on WallStreetBets, and it looks that the recent upside move was triggered by interest from retail traders. The previous rally took place back in late May – early June, and the stock made an attempt to settle above $345.
Is BlackBerry in a short squeeze?
Year-over-year, BlackBerry stock still boasts a 91.4\% lead. Plus, the equity looks ripe for a short squeeze, as the 39.11 million shares sold short still make up 7\% of BB’s available float, despite short interest falling 16.7\% during the most recent reporting period.
Can AMC be short squeeze?
However, the possibility of an AMC short squeeze is certainly possible given that it is still the most shorted stock in the market and the stocks volume continues to rise. We also now have more data then ever before that indicate a massive short squeeze is almost certain to happen.
Who started diamond hands?
The slang diamond hands is thought to have originated on the forum website Reddit in the /r/WallStreetBets subreddit, where the term has been used since at least 2018. The term gained popularity in 2019, when multiple users began to frequently use the term in reference to persistently holding stocks.
GameStop (NYSE: GME) shares are climbing on Monday thanks to big news from Ryan Cohen. It turns out the activist investor will be spearheading a turnaround story… and Reddit is paying close attention.
What happened to the GameStop short squeeze?
Short sellers who had bet against GameStop suffered large losses as a result of the short squeeze. By January 28, 2021, Melvin Capital, an investment fund that heavily shorted GameStop, had lost 30 percent of its value since the start of 2021, and by the end of January had suffered a loss of 53 percent of its investments.
According to Dow Jones market data, more than 175 million shares of GameStop were traded on January 25, the second largest total in a single day, surpassing its 30-day average volume of 29.8 million shares. Some of those investing into the stock were young teenage investors.
Is GameStop’s activist investor spearheading a turnaround story?
It turns out the activist investor will be spearheading a turnaround story… and Reddit is paying close attention. Here is what you need to know about GME stock now. Today GameStop announced that its board of directors had formed a Strategic Planning and Capital Allocation Committee.