Tag: Personal finance
-
+
+
+
+
+
+
Jim Chanos, Founder and President of the Kynikos Associates hedge fund, has some harsh criticism for holders of AMC and other meme stocks: What I see on Reddit, Twitter and elsewhere is the exact opposite. The communities have a strong determination to hold and often find the position deeply personal.…
+
+
+
+
+
+
+ Business+ AMC, Finance, Gamestop, Hedge funds, Investing, Money, Personal finance, Reddit, Stock Market, Stocks, Stonks, Wallstreetbets+
+
+
+
+
+
+
+
+
+
+
+
-
+
+
+
+
+
+
Melvin Capital, among other hedge funds, has taken severe losses on bad bets in AMC, GameStop and others. They are now down by almost half: Melvin Capital Management, which lost more than $6 billion in January, is now down 46% for the year through June, the fund recently told investors.…
+
+
+
+
+
+
+ Business+ AMC, Finance, Gamestop, Hedge funds, Investing, Money, Personal finance, Reddit, Stock Market, Stocks, Wallstreetbets+
+
+
+
+
+
+
+
+
+
+
+
-
+
+
+
+
+
+
Despite losses of nearly $4 billion so far this year shorting stock in AMC Entertainment Holdings, Inc., short sellers are actually increasing their bets against the company: As AMC tests its key 50-day moving average support level, short bets against the company are increasing, according to data from S3 partners.…
-
+
+
+
+
+
+
Hedge funds have been perfectly capable of blowing themselves up with common trades like shorting and selling call options. But with the epic rise of AMC Entertainment Holdings, Inc. stock, there lurks another potential danger for hedge funds. And this one could be worse than anything else we’ve seen. Aside…
+
+
+
+
+
+
+ Business+ AMC, Finance, Gamestop, Investing, Money, Personal finance, Reddit, Stock Market, Stocks, Wallstreetbets+
+
+
+
+
+
+
+
+
+
+
+
-
March 25, 2020: COVID is sweeping the globe, causing shutdowns worldwide. One casualty: all 1,000 theaters of 100 year old AMC Entertainment Holdings, Inc. Like many businesses, its ability to remain solvent was in serious doubt. Under these cirumstances, a lot of CEOs arrange a golden parachute for themselves and…
+
+
+
+
+
+
+ Business+ AMC, Finance, Investing, Meme stocks, Money, Personal finance, Reddit, Stock Market, Stocks, Wallstreetbets+
+
+
+
+
+
+
+
+
+
+
+
-
+
+
+
+
+
+
AMC stock has doubled in just ten days, extending a 13-fold rally this year: Investors shorting the meme stock AMC Entertainment are estimated to have lost $1.23 billion over the last week as the shares rallied more than 116% since Monday, according to data from S3 Partners. AMC was the…
+
+
+
+
+
+
+ Business+ AMC, Financial markets, Hedge funds, Meme stocks, Money, Personal finance, Reddit, Short sellers, Short squeeze, Stock Market, Stocks+
+
+
+
+
+
+
+
+
+
+
+
-
+
+
+
+
+
+
There have been a lot of winners in GameStop’s dizzying, over tenfold rise in the last year. An unlikely one is the Mormon Church, which made over $8 million on GameStop shares through its investment arm: The Church of Jesus Christ of Latter-day Saints’ play for stock in GameStop paid…
+
+
+
+
+
+
+ Business+ Gamestop, GME, Invest, Investing, LDS, Meme stocks, Money, Mormon, Personal finance, Stock Market, Stocks, Utah+
+
+
+
+
+
+
+
+
+
+
+
-
+
+
+
+
+
+
It’s no secret that GameStop shares have gone vertical, up more than ten fold this year. Besides making millionaires of a lot of Redditors, this also lets GameStop sell more shares at high prices, enabling them to raise capital with ease. And raise they did, to the tune of $550…
+
+
+
+
+
+
+ Business+ Finance, Gamestop, GME, Investing, Meme stocks, Money, Personal finance, Reddit, Stock Market, Stocks, Wallstreetbets+
+
+
+
+
+
+
+
+
+
+
+
-
+
+
+
+
+
+
Bitcoin is often referred to as digital gold. Unlike fiat money such as the US dollar, its supply expands at a slow, steady rate. The Federal Reserve has printed so much money during the COVID crisis that money supply is up over 25%. This has led to fears of inflation.…
+
+
+
+
+
+
+ Bitcoin, Blockchain, BTC, Crypto, Cryptocurrencies, Cryptocurrency, Economy, Federal Reserve, Finance, Inflation, Money, Personal finance+
+
+
+
+
+
+
+
+
+
+
+
-
A new survey finds that young black Americans now invest in stocks at the same rate as whites: In a year like no other, however, there is also evidence of growing engagement in the stock market by younger Black Americans, with 63 percent under the age of 40 now participating…
+
+
+
+
+
+
+ Business+ African Americans, Day trading, Finance, Invest, Investing, Money, Personal finance, Robinhood, Stock Market, Stocks, Webull+
+
+
+
+
+
+
+
+
+
+
+
Tremendous 