The Brehs of Wall Street (Offical Stock Market Thread)

shyt is crazy now brehs




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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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dont miss the boat brehs

 

Robinhood rejected my transaction

 

CashApp too, I’m goin crazy rn cuz I want my money

 

i invest this morning while the share was at 4 dollars Market is flooded, keep trying

 

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

Money was already taken out

Edit - False flag.

 

Market is flooded breh, it will show up eventually

 

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

Lemme chill

 

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

 

Let's fukking gooooo

 

Do you have to pay a monthly fee or something to use Robinhood?

 

its happening with gamestop and blackberry too

 

They gon abolish money

 

White man doesn't like when others be eating...

 

Didn't touch Blackberry yet....