Because small investors use Reddit communities, such as WallStreetBets (which has grown by 500,000 users in the last three days), to power “meme shares”, creating short sales and short squeezes. And it’s not just GameStop. Other companies, such as, are also affected by the coordinated wave.
No, this does not mean you should drop everything and fully invest in one of these companies. Some call theand the stock price is likely to fall once the buzz dies away.
In fact, broker TD AmeritradeWednesday, and trading app Robinhood followed Thursday, in response to runaway growth. Stock quotes as a result of the activities of the day. The White House is monitoring the situation.
If you decide to dive into the stock market – and we don’t advise you in either direction – here are some, and a little .
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.
There is more information on this. Here is and . Plus, check out the funniest .