Rebecca Shoval on LinkedIn: A mini stock bubble this week, just as we were talking about historic… (2024)

Introducing AMC Stonk-O-TrackerAn intriguing trend has gained notoriety in the world of online trading platforms: AMC's Stonk-O-Tracker. Stonk is a deliberate misspelling of the word "stock," which is commonly used for stocks with unusually high trading volumes.#amcstonkotracker #gmestonkotracker #stonkotracker #stonkotrackeramc #stonkotrackergme

The unexpected comeback of the trader credited with fueling the meme stock craze in 2021 caused GameStop shares to soar on Monday. This surge was unrelated to the company's financial health but rather sparked by a gamer-themed cartoon shared by the trader known as Roaring Kitty on X.GameStop's stock jumped by 68% on Monday following Keith Gill's post on X, marking his first activity on the platform in three years. Earlier, the shares had surged over 110%, prompting multiple halts due to volatility on Monday morning.Short sellers incurred approximately $1 billion in losses on Monday as they had bet against GameStop, as reported by data company S3 Partners. Short sellers profit by borrowing shares, selling them, and then repurchasing them at a lower price.The stock of trading platform Robinhood, which had previously suspended purchases of GameStop, AMC Entertainment, and other meme stocks during the 2021 frenzy, rose by 7%. Additionally, AMC's shares surged by 31%, while Reddit's shares climbed by 13%.The cartoon shared by Gill depicts a figure leaning forward in a chair with a gaming console. This image had been previously posted by GameStop in February, albeit with a red arrow and chair. Gill's version features blue elements, and according to Know Your Meme, it conveys a sense of seriousness.

If you haven’t seen it, I can’t recommend “Dumb Money” enough. Think of “The Big Short” meets the GameStop insanity of a few years ago. I had a chance to screen it last night and it was a surreal experience — like stepping back into a time-machine. It also got me thinking about my own personal finance journey and how my own risk tolerance has evolved over the years. When I was 29, I took my first plunge into the stock market. Boeing’s stock price was suffering from issues with the 737 Max and COVID had just started. During March of 2020, I bought 10 shares of Boeing Stock at $162 a share. By May, the price was down to $133 a share. I was disheartened to say the least, but I had listened to enough Dave Ramsey to know “the only ones who get hurt on the roller coaster are those who get off while it’s moving”. I held my stocks until the price went up to $170 a share. At this point, I sold having made a “solid profit”. Watch out Gordon Gecco 👀. The next month, the government announced a rollout of stimulus packages and this news provided some optimism for market investors — Boeing Stock went up to $190 a share. Sold a little too soon, I thought to myself. It’s at this point that I stumbled across a video of Warren Buffet explaining that stock isn’t meant to flipped for a quick profit. “You are an owner in the publicly traded company”. It’s at this point where I discovered John Bogle and his 3-Fund portfolio. Through research, trial and error, I refined my strategy to something more palteable to me. Enter in “Dumb Money” — the lovable nickname wallstreet gives “retail investors”. Amidst the chaos of the GameStop “squeeze” and Robinhood/Citadel “alleged collusion”, you have a story of 7-8 people going through their own personal finance journey. It’s a sobering tale of what happens when we don’t have a plan.I am not an investment advisor of any kind but I felt comfortable sharing my story because it can be overwhelming for transitioning service members. “We’re young. We’re invincible. Let the retirees worry about that stuff”. FULL STOP. I’m not saying you need to watch “Wolf of Wallstreet” and start hitting penny stocks, but I am imploring you to take a more invested interest in your financial readiness. I couldn’t do it without a lot of help. Start by expanding your network and picking the brains of smart people on here. I’ll always make a selfless plug for one of my biggest mentors, Garrett Hofer, CIMA®, CFP®. If you’re not ready to talk with a professional, go to your local book store, join the Bogleheads community forum, listen to the adults in your life and learn from their mistakes (and successes). Create your own plan! #transitioningveterans

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While others may be against GME's moves here, I actually completely agree with the company. And so does my dog. Why you may ask? Because it is clear that Gamestop's business model doesn't work. So, you might as well let the CEO buy a bunch of stocks in companies that actually have a future, while GME may not. Plus, it is a clear signal that management believes not at all in the operating strategy of GME. Otherwise, they would buy back GME shares versus other stocks. I would like to thank the Board and Cohen for making it so glaringly obvious that they potentially have greater faith in the prospects of other companies/stocks than their own. It is rare you get such a clear signal from a company. Makes an equity analyst's job so much easier. Namaste.#doyourwork#askhardquestions#dontbeabagholderhttps://lnkd.in/dqF5b7dH

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The short-lived surge in meme stocks like GameStop and AMC Networks Entertainment has lost steam in the Middle East and North Africa (MENA) region, mirroring a global trend.Following a two-day rally fueled by the return of social media influencer "Roaring Kitty" Keith Gill, both companies witnessed significant drops. AMC, the movie theater chain, fell 16% after a previous surge of 135%, while video game retailer GameStop tumbled nearly 20%, giving up half its gains.Despite the high trading volume, with over $3.4 billion in GameStop shares exchanged, analysts warn of the extreme volatility inherent in meme stocks. The rally was triggered by Gill's social media activity referencing GameStop, reminiscent of the 2021 retail trading frenzy he helped ignite.Meanwhile, AMC announced a debt-for-equity swap, raising concerns about the company's financial health. The news comes as rising interest rates continue to dampen investor enthusiasm for meme stocks, which led to the closure of the Roundhill MEME ETF in recent years.https://smashi.tv/en

New "Technology" post from THE HILL: GameStop shares surge as Roaring Kitty returns to social media Shares of GameStop skyrocketed Monday after the same amateur trader who drove the 2021 meme stock frenzy over the video game retailer returned to social media.GameStop shares were up nearly 70 percent Monday morning, rising to roughly $30 per share from a Friday closing price of $17.39. GameStop shares had peaked at just under $36 Monday morning, the highest price since 2022.The resurgence of GameStop shares appeared to be kicked off by a Sunday evening social media post from Keith “Roaring Kitty” Gill, who laid out the case for buying shares of the company in 2020 and laid the groundwork for the frenzy that followed in 2021.Gill posted on X a picture of a man suddenly sitting upright in a chair with no accompanying text or message. It was his first appearence on the platform since June 2021, when he posted a brief video of several kittens sleeping before going silent on X for nearly three years.Gill was more prominently known through his YouTube videos and presence on the Reddit subforum r/WallStreetBets as a user named “deepf—ingvalue.” He and a cadre of retail investors on WallStreetBets launched a “short squeeze” against investors who bet against GameStop, forcing massive losses at a major New York hedge fund.GameStop was struggling in the aftermath of the pandemic as consumers switched rapidly from discs to digital downloads. Gill and his followers injected a shot of life into company that appeared to headed for bankruptcy.GameStop shares peaked near $82 in January 2021 before falling sharply and then bouncing throughout 2021 and 2022. The meme stock frenzy created an uproar on Wall Street and concern among policymakers, who feared the implications of social media-driven swings in the stock market. While Gill and his employer MassMutual were inudated with lawsuits, they faced no criminal charges despite calls from the Wall Street vanguard to crack down on the meme stock frenzy.Some meme stocks, including GameStop and AMC, had already been climbing higher before Gill's return.Shares of GameStop were already up 57 percent this month. Movie theater chain AMC Entertainment, another meme stock target, had risen 10 percent over the past 30 days.The Associated Press contributed.https://bit.ly/3WAgSRW

Yesterday, GME and AMC stocks skyrocketed over 100% after the return of the legend himself, “Roaring Kitty” & Andrew Tate’s big buy-in. The man behind the epic 2021 short squeeze, sent the internet into a frenzy with a cryptic tweet after years of being silent. Could this be the spark that ignites Meme Stock Frenzy 2.0? Will history repeat itself? One thing's for sure, this might produce a good trading opportunity for both longs and shorts. What are your thoughts? Will the meme stock magic return? Let us know in the comments! #GME #AMC #MemeStocks #ShortSqueeze #WallStreetBets

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Revisiting the Power of "Set and Forget"We have discussed the "Set and Forget" inflows that come monthly. This is themoneythat flows automatically into the market or into thousands of instruments that find their way to the US stock market. It's like a monthly buyback, a constant early month bid. Einhorn said the markets are “fundamentally broken” because passive investors “have noopinion about value” since “they’re going to assume everybody else has done the work.” These Passive inflows tend to be less mindful inflows, automatic, set and forget. By now, 2024, this has to be a HUGE number each month.If anybody has a way to quantify that inflow it would be interesting to track.We are essentially S&P 5000, Critical moment perhaps short term as one of our pillars NVDA announces AMC. Hoping it's not a PANW. We seem to be holding S&P 4960-70, and we are priced to perfection at 20x$250 = 5000. Last time we were 20x, Trump was in the White House.GIR now says S&P 5200 is their new year-end target but expects a 19.5 multiple. That's $266.66 on the EPS. #TrustheMath

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Yesterday #AMC reported its most profitable 3rd quarter in the 100+ year history of the company. Second quarter of positive cash flow. The company noted $730mm of cash on handThe stock price was $10.09 at yesterday's close.This morning in pre market the stock is down 20% on 3 million volume to $8.00 on a supposed $350mm share offering although I haven't seen specifics yet.So you might be wondering, with now positive cash flow and Beyonce should do for Q4 for Taylor Swift did for Q3, and $730mm cash on hand, why the hell is AMC doing a share offering now after just having done one a few months ago?My supposition, AMC bonds are trading significantly cheap right now, but there is some market thinking realignmenrt going on that central banks are close to done tightening and rate cuts coming in Q2 2024. Thus, I think AMC wants to retire more debt soon and hence the equity raise.Personally,not sure the timing was perfect, especially the announcement pre market, where 15% of the drop was on 600k volume. I do somewhat wonder if Citibank the lead is giving AMC bad advice on timing, I do question their impartiality given they have previously been active shorters of the stock.In any case, the sell-off is in excess of what any dillution should imply, unless you think AMC will do this consistently on any share price strength. But positive cash flow and retiring debt is positive for the stock, assuming fundamentals actually matter in this market. Which at the moment they don't seem too much. And that is on you Janet yellen.BTW, my Twitter (X) account is inaccessible at present, hoping to have it up later today.

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🍿 "AMC not only snapped a five-day losing streak, but its preliminary trading volume of 476.3 million shares is the highest amount on record.People betting against the stock have taken a beating, just as they did in the meme-stock trading frenzy during the pandemic. The estimated paper loss for the day for AMC shorts was $127 million, according to the data analytics company S3 Partners.Before Monday, shorts were up by $102 million in the stock, but with the latest surge in the price, it is now a losing short trade for 2024 by about $25 million. S3 Partners said AMC short interest is currently 55.9 million shares, or 19% of the float. So far this year, short interest has climbed 140%, or 32.6 million shares."#S3intheNews, Barron's with reporting by Janet H. Cho#S3data......#barrons #amc #memestock #shortselling #stock #stockmarket #fintechhttps://lnkd.in/egSfgrB9

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