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Home / Tips and Tricks / GameStop stock spike lingo: This is what Reddit’s WallStreetBets vocabulary means

GameStop stock spike lingo: This is what Reddit’s WallStreetBets vocabulary means



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Some stocks are up as a result of meme shares. This is why.

Sarah Tew / CNET

GameStop’s stock is still buzzing with the wave of the Reddit community, WallStreetBets, and is currently at $ 325 per share after the market closed on Saturday. Reddit users are battling it out with Wall Street to keep GameStop stock prices high as Wall Street expected a crash. Small investors use Reddit communities to power “meme shares,” creating short sales and short squeezes. And it’s not just GameStop. Other companies, such as AMC and Nokia, are also affected by the coordinated wave.

No, this doesn’t mean you have to drop everything and fully invest in the stocks of the moment. Some call the market manipulation a ‘Ponzi scheme’, and the stock price is likely to decline even as the noise subsides.

In fact, broker TD Ameritrade limited trading in the GameStop and AMC shares Wednesday and continues to post an advice to clients about market volatility. Trading app Robinhood followed Thursday in response to the runaway growth – the company got into trouble by restricting stock trading and will be under close review by the SEC (they are now restricting purchases on AMC and GameStop shares). The White House has said it is monitoring the situation.


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Part of what’s so unusual about the GameStop stock spike is the vocabulary used to drive the trading action. Elon Musk, founder of Tesla and SpaceX, helped out on Tuesday with a one-word tweet: “Gamestonk.”

What is a stink and what does it have to do with trading? Here’s a sampling of the jargon behind the huge highlights, and what the terms mean:

  • Stonks: An intentional spelling mistake of stocks. Sometimes Meme Man appears when used in a meme (see below).
  • Diamond hands: When a trader is willing to hold his shares or securities for a long time.
  • Missiles: When someone wants a stock price to skyrocket.
  • Hold the line: Holding onto a stock even if it declines in value.
  • “We love the stock”: A meme used for a currently trending stock.
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Stonks is often associated with Meme Man, in the photo.

Know your meme

If you decide to dive into the stock market – and we don’t advise you in either direction – here are some top tips about investing, and a little robo advisors who can help you. You will also find more information about this how Reddit and Elon Musk caused the GameStop wave. Here is everything you need to know about stock splits and five investment accounts everyone should have. Plus, check out the funniest GameStop Reddit jokes and memes.




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