Category: Business
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Reddit’s Wallstreetbets loves Palantir Technologies, a Denver-based maker of data analytics software. The merry band of traders mention it more than any other stock, but the company has serious problems. Big Losses Palantir claims to make products that analyze data better than anyone else. If that’s true, why has the…
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GameStop shares have come back to earth since the short squeeze a few weeks ago: But this story may not be over. GameStop remains one of the most heavily shorted stocks in the entire market: This tells me that the epic short squeeze could happen again. Many short sellers still…
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+ Business+ Day trading, Finance, Gamestop, Hedge funds, Investing, Reddit, Short sellers, Short squeeze, Stocks, Wallstreetbets+
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They say the best way to rob a bank is to own one. Turns out that’s true for weed farms, too. I came across an interesting piece of info deep in Sundial Growers’ financial statement. Two employees have taken out loans totalling $200,000 (CAD) from the company at almost no…
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+ Business+ Canada, Cannabis, Corporate governance, Corporations, Investing, Marijuana, Scams, Stock Market, Stocks+
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How do you lose money selling weed in a pandemic when everyone’s stuck at home? Sundial Growers, Inc. has found a way. Sundial is the darling of Reddit’s Wallstreetbets. It’s mentioned far more than any other stock currently: But popularity on Reddit may not save this failing business. It lost…
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Vice President Kamala Harris introduced a bill to decriminalize marijuana as a senator. GameStop was the darling of the merry band of traders on Reddit’s Wallstreetbets. Then this happened: Ouch. Now the community is looking for its next play. I nosed around the message board a little today to see…
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+ Business+ Cannabis, Gamestop, Investing, Investments, Marijuana, Reddit, Robinhood, Stock Market, Stocks, Wallstreetbets+
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As Tom Brady bagged his seventh Super Bowl, I got to thinking about an interesting trend I was seeing. I was hearing more ads for DraftKings every day. At the same time, Robinhood is exploding in popularity and its army of small traders is moving markets. Were these two related?…
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+ Business+ DraftKings, Gambling, Investing, NFL, Robinhood, Sports, Stock Market, Stocks, Super Bowl, Tom Brady+
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Regardless of which market we look at, we see a similar trend: skyrocketing prices since the beginning of the pandemic. You can see this in the S&P 500, a broad measure of stocks: In commodities: In the increase in real estate prices and the corresponding decrease in capitalization rates (this…
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As someone who makes a living from investing, I have watched the Gamestop/Wallstreetbets events with interest. Today, I decided to venture into the belly of the beast and try to find out what these traders are all about. I noticed two common patterns: 1) Us-vs-them thinking. The individual trader versus…
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+ AMC, Day trader, Gamestop, Investing, Meditation, Mindfulness, Self-improvement, Stock Market, Stocks, Wallstreetbets+
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This morning, my friend Bill* texted me asking if I knew anything about what’s going on with GameStop, whose share price has skyrocketed recently. I may have told him a bit more than he wanted to know! But I thought this text thread might be useful to others too, so…
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Tremendous 