Wallstreetbets lingo guide bloomberg series#
A series of posts by user u/DeepFuckingValue on the subreddit helped to generate interest in the stock. The stock price increased more than 600 percent by January 26, and its high volatility caused trading to be halted multiple times. This occurred shortly after a comment from Citron Research predicting the value of the stock would decrease. On January 22, 2021, users of r/wallstreetbets initiated a short squeeze on GameStop, pushing their stock prices up significantly. (GME) from January 4, 2021, to February 5, 2021 Users also frequently use slang such as "stonks" for stocks "tendies" for gains or profits "gay bears" for those who expect a stock to decline, for stock shorters, or as a general insult "DD" (from "due diligence") for analysis of potential trades "bagholder" for one whose position has severely dropped in value "diamond hands" for holding stocks adamantly and "paper hands" for selling at the first sign of loss.Ĭlosing price and trade volume of GameStop Corp. The subreddit is also known for its profane and juvenile nature, with members often referring to themselves as "autists", "retards", "degenerates", and "apes". Some of the members tend to use borrowed capital, like student loans, to bet on certain "meme stocks" that show popularity within the community. Members of the communities often see high-risk day trading as an opportunity to quickly improve their financial conditions and obtain additional income. The growing popularity of no-commission brokers and mobile online trading has potentially contributed to the growth of such trading trends. Members of the subreddit are often young retail traders and investors who ignore fundamental investment practices and risk management techniques, so their activities are often considered gambling. The subreddit, describing itself through the tagline "Like 4chan found a Bloomberg terminal", is known for its aggressive trading strategies, which primarily revolve around highly speculative, leveraged options trading. The subreddit was founded in 2012 by Jaime Rogozinski, who has since been removed as a moderator by Reddit administrators.ģĞffect on the Robinhood trading platform It has become notable for its colorful and profane jargon, aggressive trading strategies, harassment and for playing a major role in the GameStop short squeeze that caused losses for some US firms and short sellers in a few days in early 2021. R/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and option trading.
URL /r/WallStreetBets Edit this at Wikidata Seamlessly connect w/ the markets & your accounts on the award-winning E*TRADE Mobile app Maybe whoever posted it on reddit will see this post and will give us some more color. but they're stating that the largest broker in the country (I wonder who this person would be referencing? Goldman? JPMorgan? Merrill Lynch? Or even Citadel, whose more of a market maker?) is confirming that Northwest has seen "unprecedented naked shorting over the past 6 months" which is, at the very least, interesting.Īnyhow, I finally found the link so I'm posting it. I don't know who this u/ShortSqueezeEm person is. And Northwest wouldn't even be on the OTC if they hadn't been practically naked shorted to death while they were on Nasdaq.Īnyhow, here's the link (which still apparently takes you to the wallstreetbets reddit post):Īnd below are the bot comments explaining the reasons for the removal (which you can also click on and see through the link): which seems odd, seeing as OTC stocks are also naked shorted. I'm thinking that the wallstreetbets group aren't allowing OTC stocks to be discussed in their forum. The wallstreetbets post had been deleted, which was of course why I couldn't find it on the reddit boards. I finally found it through some creative googling. I'd heard that there had been a post written about NWBO on the r/wallstreetbets reddit board about the naked short position and about a big broker who had indicated Northwest had been naked shorted a lot.īut until recently, I hadn't been able to find the post.
Is NWBO a future short squeeze target for r/wallstreetbets ? See the two articles below.