![]() Often the second word of a hedge fund’s name.Ĭigar butt investing: An investing strategy named by billionaire Warren Buffett in which one sees value in deeply unloved and unappreciated - i.e., cheap - stocks, if they are sufficiently undervalued. The opposite of bearish.īuy and hold: Investing strategy wherein one purchases a security, like a stock, and instead of trading it for another thing simply holds it forever.Ĭameron Winklevoss: One-half of the Winklevoss twins, who famously co-founded the Facebook progenitor and less famously tweeted about the WSB silver squeeze a few times.Ĭapital: Money, as in money invested or traded or lost. Blind spots are any angles or risks they haven’t thought of.īloomberg Terminal: The $30,000/year computer software system on which all of Wall Street runs.īullish: Feeling optimistic that something (a stock, a bond, a market) will go up in price, improve or increase. A trader should consider all possible scenarios and how they’d affect the stock price. “As for me, I like the stock”: A quote from WSB ringleader and (unofficial) chief GameStop research officer Keith Gill’s testimony before the US House Committee on Financial Services, reiterating his commitment to GameStop stock and his optimistic view of its future.īlind spot: Missed information, context or risks to a company’s stock. So much so that, in March 2021, WSB donated more than $350,000 to a gorilla charity. “Apes together strong,” a quote from Planet of the Apes ( War for the Planet of the Apes, Rise of the Planet of the Apes), became a common refrain and rallying cry. In celebration of the brand-new docuseries Eat the Rich: The GameStop Saga, we parsed some key phrases to help you on your journey to the moon.Īpe: The preferred term for WallStreetBets traders. ![]() Like any insular community, the forum has its own lingo. Using the magic and mechanics of financial markets, WSB decided to foment a revolution: to stick it to the hedgies and Wall Street banks, send the stock “to the moon” and make a ton of money. Momentum grew around GameStop: It was heavily shorted by hedge funds, which means fancy finance professionals were betting against it, in a way that left a technical opening. ![]() Over time, his posts gained attention and popularity among the self-described “apes” of the WSB community.Īs the COVID-19 pandemic shut down the physical world, more and more homebound people started day-trading stocks and joined WSB. In 2019, user DeepFuckingValue started posting screenshots and research saying the shares of retailer GameStop were - to him - undervalued. The GameStop saga of 2021 was born in Reddit’s WallStreetBets forum, a message board where users convene to discuss investment ideas. ![]()
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