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

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



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Sarah Tew / CNET

Reddit’s community, WallStreetBets, is still helping the rise of GameStop’s stock, which is currently at $ 272 a share and even hit an all-time high last week. 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 should 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 fall even as the uproar subsides.

In fact, broker TD Ameritrade limited trading in the GameStop and AMC shares on Jan. 26 and continues to post an advisory report to clients on market volatility. Robinhood trading app followed on January 27 in response to runaway growth – the company got into trouble by restricting stock trading and will be under close review by the SEC (it is currently 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 GameStop’s stock spike is the vocabulary used to drive the trading action. Elon Musk, founder of Tesla and SpaceX, helped spur the activity with a one-word tweet on Jan. 26, “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 period of time.
  • Missiles: When someone wants a stock price to skyrocket.
  • Hold the line: Hold on to a stock even if it drops in value.
  • “We love the stock”: A meme used for a currently trending stock.
memeguy

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 youYou will also find more information about this how Reddit and Elon Musk caused the GameStop waveHere is everything you need to know about stock splits and five investment accounts everyone should havePlus, check out the funniest GameStop Reddit jokes and memes

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