Tag: Stonks
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There is a lot of talk lately on Twitter and Reddit about AMC’s withdrawal Tuesday of an obscure SEC form called an S-3. Form S-3 is a filing that registers securities. In this case, the securities were convertible bonds, or bonds that can convert into stock when the holder chooses.…
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Several hedge funds that lost a fortune shorting GameStop in January have sustained further losses betting against meme stocks like AMC: Melvin Capital and Light Street Capital, two US hedge funds hard hit by the January rally in stocks popular with retail investors, suffered further losses in May. Hedge fund…
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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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Tremendous 