Showing posts with label Stock Market Today. Show all posts
Showing posts with label Stock Market Today. Show all posts

Thursday, January 28, 2021

Holding a share of Gamestop and selling it to make 95 times as much as crazy

 In response to the call of reddit community, retail investors launched counter attacks to sweep up the stock price of Gamestop for several days, causing big hedge fund investors to lose billions of yuan and shaking Wall Street; "Deepf * * invalue", one of the key users in reddit community who triggered the stock buying frenzy of Gamestop, refers to their real identities as "roaring Kitty" of youtube and Keith gill of Boston Financial Analyst; As Gamestop's share price soared on the 27th, Jill released a screenshot showing that he had invested 745991 dollars in the past few months, and now the value has reached 47973298 US dollars.

At the same time, because some people downloaded the stock market trading application of Robin Hood ten months ago and received a free Gamestop stock (trading price was about 3.70 yuan at that time), they saw the hot news on the 27th and unexpectedly found that they had made a windfall. Sarah Mancuso was one of them.

According to the Wall Street Journal, Mancuso said that when she received the free Gamestop share from Robin Hood 10 months ago, she complained that the company had no future, and then did not invest any money through the Robin Hood stock market trading app, and tried to close her account many times.

But on the 27th, Mancuso suddenly noticed the news of Gamestop's stock boom, and then remembered that he had such a "share" in his hand.

On the same day, she sold her only share of Gamestop for 353 dollars, with a profit of 95 times.

She sold Gamestop shares at a very high point, which is "the first time in her life that she really interacted with the stock market, and it must be very difficult for her to have such a high rate of return in the future.".

The Daily Mail reported that Jill, who lives in the suburb of Boston and is a financial analyst, has been publishing videos in the raddit community in the name of "deep f * * in value" for several months, analyzing Gamestop's share price trading, pointing out that the company's share price is undervalued, and recently that the stock has matured after a short squeeze.

Jill is married, has a son and lives in an ordinary looking three bedroom house, the report said. He called himself Mr. wizard on the Internet. When Gamestop's stock price soared on the 27th, Jill posted a screenshot showing that the 745991 dollars he had invested in the past few months was now worth 47.973298 dollars.

Although Gil's initial advocacy of buying Gamestop shares was not intended to form an ideological movement against the big bosses on Wall Street, the reddit community with 4.7 million users still regarded Gil as a "prophet"; as many as half of the 13 million users of the Robin Hood trading app may have joined the stock buying frenzy, the report said.

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