(Bloomberg) -- GameStop Corp. shares more than doubling on no fundamental news. Short sellers getting squeezed and retail traders using same-day options to...
— GameStop Corp. shares more than doubling on no fundamental news. Short sellers getting squeezed and retail traders using same-day options to amplify gains in otherwise beaten-down stocks. Nonsense crypto coins adding more than 1,000%.Tesla Rehires Some Supercharger Workers Weeks After Musk’s Cuts
Professional short sellers have also have largely given up on taking aim at companies with relatively small share floats, worried that the power of social media could foment a squeeze. And volumes in short-dated options, while still elevated, are nowhere near the levels seen in 2021. However, during peak meme mania in 2021, millions of contracts traded in a single session. The most active day that year — Jan. 22 — saw 8.5 million contracts change hands.A driver of 2021’s craze was that the bulk of retail traders didn’t already own GameStop, let alone at higher prices. In January of that year, GameStop was consistently the most bought stock across trading platforms that cater to individual investors with buy orders vastly outpacing those to sell.
That’s on top of the fact that credit-card delinquencies at the smallest banks are running at the highest rate in 30 years, and those at large banks are at decade highs. That means liquidity for small-time investors is likely at a low, and the end of stay-at-home orders indicates the YOLO crowd is back at work or school and not glued to a trading app.The vast nature of cryptocurrencies with no inherent value has also sopped up a chunk of retail investor cash.
Buffett sold $17 billion of stocks and amassed a record $189 billion cash pile last quarter because he knows the fun won't last, Paul Dietrich said.Shape-kapselit rasvanpolttoon: Hitti vai hutiIf you've taken the advice to save as much money as in an emergency fund or other form of savings, you should feel entitled to take out money when needed. That's what it's there for, after all. Learn...
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