No, this doesn’t mean you have to drop everything and fully invest in the stocks of the moment. Some call theand the stock price is likely to decline even as the noise subsides.
In fact, broker TD AmeritradeWednesday and continues to post an advice to clients about market volatility. followed Thursday in response to the runaway growth – the company and will be under close review by the SEC (they are now shares). The White House has said it is monitoring the situation.
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.
If you decide to dive into the stock market – and we don’t advise you in either direction – here are some, and a little . You will also find more information about this . Here is and . Plus, check out the funniest .