Tag: Stock Market
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I came across an incredible stat on the video game industry this morning. In just nine years, it’s gone from almost entirely physical to almost 100% digital: Physical video game sales from computers & consoles have made a dramatic shift since 2009. In 2009 physical sales still accounted for 80%…
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I came across an interesting article today. It drew a parallel between a dominant brick and mortar retailer of entertainment of today, GameStop, and one of yesteryear: Blockbuster: It’s 100% obvious that over time all game software is going to be downloaded. This is the same or worse than with…
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+ Business+ Day trading, E-commerce, Finance, Gamestop, GME, Investing, Retail, Stock Market, Stocks, Video games, Wallstreetbets+
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I came across an incredible stat today: Citing data from Dealogic, Barron’s notes that there have been 302 domestic initial public offerings (80% of which are blank-check outfits) raising an aggregate $102.3 billion, so far this year through March 10. For context, the 2020 full-year tally registered at 457 IPOs…
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Congress held a second hearing on the mania in GameStop Corp. shares yesterday. It focused on the business model used by Robinhood and other brokers popular with retail traders, which is called “payment for order flow.” In this system, companies that execute trades (such as Citadel Securities) pay the broker…
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Short sellers are abandoning their positions as the market reaches new highs: Short interest in U.S. stocks fell to just 2.95% by the end of February, S&P Global Market Intelligence says. That’s down 45 basis points from the short interest level at the end of 2020 when it was 3.4%.…
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+ Business+ Finance, Gamestop, Investing, Meme stocks, Reddit, Short sellers, Stock Market, Stocks, Wallstreetbets+
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At 10am Eastern time today, Congress will be having its second hearing about the frenzy in GameStop Corp. shares that sent the stock up 1700% in January. This hearing is unlikely to affect the price of the stock much. Rather, it will dig into whether or not the trading system…
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GameStop Corp. soared in January as short sellers were squeezed by a legion of buyers from Reddit’s Wallstreetbets. The shorts had to buy in order to close out their positions and stanch the bleeding, driving the stock even higher. It seems they’ve learned their lesson. Short selling of GameStop shares…
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Call options covering four million shares in GameStop Corp. expired on Friday, and the stock dropped right on cue: A call option gives you the right to buy a stock at X price. For the market maker to be able to sell you that option without risking going broke, they…
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+ Business+ Day trading, Gamestop, GME, Investing, Investment, Meme stocks, Reddit, Stock Market, Stocks, Wallstreetbets+
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GameStop shares have been on a wild ride in recent days, mostly upward: Much of this is driven by a new turnaround plan by GameStop board member and Chewy founder Ryan Cohen, who aims to turn GameStop into an online-first retailer. But if this is such a game changer for…
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With the House about to approve another $1.9 trillion in stimulus, the final hurdle before the legislation is signed by President Biden, I found myself wondering what this means for shares in GameStop and other meme stocks. Those stocks took off big time in January, as personal income increased 10%…
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+ Business+ Day trading, Gamestop, Investing, Investment, Reddit, Robinhood, Stock Market, Stocks, Stonks, Wallstreetbets+
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Tremendous 