The Brehs of Wall Street (Offical Stock Market Thread)

Discussion in 'The Locker Room' started by Suzuki-Gunna, Jan 27, 2021.

  1. Suzuki-Gunna

    Suzuki-Gunna Thank You Kobe

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    shyt is crazy now brehs :banderas:


    [​IMG]

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    AMC shares skyrocketed as much as 260% in premarket trading on Wednesday as day traders piled into heavily shorted stocks for a third consecutive day.

    Frenzied buying also drove GameStop shares up as much as 147%, BlackBerry up 31%, and Bed Bath & Beyond up 27%.

    Amateur investors have gathered, most notably on Reddit forum r/wallstreet bets, to pinpoint stocks they can buy en masse and score fast profits. They frequently target stocks that are popular shorts, as driving their stock prices up can pressure short-sellers into buying shares back to cover their positions, which sends prices even higher.



    The GameStop frenzy is especially divisive. Billionaire investor Chamath Palihapitiya bought bullish options on the video-game retailer's stock on Tuesday at the urging of his Twitter followers, while Tesla CEO Elon Musk tweeted the word "GameStonk!!" with a link to the Wall Street Bets subreddit.

    Read More: MORGAN STANLEY: Buy these 9 sports-betting stocks ahead of the industry's expected legalization in 12 states this year and its growth to $10 billion in 2025



    In contrast, Michael Burry of "The Big Short" fame condemned the frenzied buying of GameStop stock as "unnatural, insane, and dangerous" in a swiftly deleted tweet on Tuesday. The investor, who has likely made a fortune on GameStop, also called for legal and regulatory action against those involved.

    Read the original article on Business Insider

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  2. Pyrexcup

    Pyrexcup Superstar

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    dont miss the boat brehs
     
  3. Lumumba

    Lumumba Rich Black African Supporter

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    Robinhood rejected my transaction
     
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  4. ADK

    ADK Cleaner, I got this. Supporter

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    CashApp too, I’m goin crazy rn cuz I want my money :damn:
     
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  5. Suzuki-Gunna

    Suzuki-Gunna Thank You Kobe

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    i invest this morning while the share was at 4 dollars :wow: Market is flooded, keep trying
     
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  6. ADK

    ADK Cleaner, I got this. Supporter

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    It’s not even canceled though, it was scheduled for 9:30 to go through and it’s still pending :dahell:

    Money was already taken out

    Edit - False flag. :mjgrin:
     
    Last edited: Jan 27, 2021
  7. Suzuki-Gunna

    Suzuki-Gunna Thank You Kobe

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    Market is flooded breh, it will show up eventually
     
  8. ADK

    ADK Cleaner, I got this. Supporter

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    ight this my first time, shyt got me heated over here, my girl won’t talk to me :lupe:

    Lemme chill
     
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  9. JT-Money

    JT-Money Superstar

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    So now the Big Investors are calling for the SEC to step-in because their own stock manipulation tactics are being used against them.
    :mjlol:
     
  10. Leasy

    Leasy Your Chick Told You Happy Accidents Hall of Shame Supporter

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    Let's fukking gooooo
     
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  11. SwagmundFreud

    SwagmundFreud All Star

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    Do you have to pay a monthly fee or something to use Robinhood?
     
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  12. Suzuki-Gunna

    Suzuki-Gunna Thank You Kobe

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    its happening with gamestop and blackberry too
     
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  13. Huda2daf

    Huda2daf Superstar

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    They gon abolish money :mjlol:
     
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  14. ORDER_66

    ORDER_66 Messiah 2020 & Aetheon & K'nuba 2 release

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    White man doesn't like when others be eating...:sas2:
     
  15. Leasy

    Leasy Your Chick Told You Happy Accidents Hall of Shame Supporter

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    Didn't touch Blackberry yet....
     
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