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All present and accounted for meme1/25/2024 " AMC, Nokia and Other 'Meme Stocks' Targeted By Reddit's WallStreetBets." " FINRA Orders Record Financial Penalties Against Robinhood Financial LLC."ĬBSNews. 04, 2021."įinancial Industry Regulatory Authority. (GME): Historical Data," Select Time Period, "Jan. " Pet Food Billionaire Joins GameStop's Board Of Directors." (GME): Historical Data," Select Time Period, "Aug. " Subject: Maximizing Stockholder Value by Becoming the Ultimate Destination for Gamers." " The Big Short SQUEEZE From $5 to $50? Could GameStop Stock (GME) Explode Higher? Value investing!." YOLO: "You only live once," so why not buy into a meme stock?.To the moon: □□ The idea that a stock will rise extraordinarily high, as if to the moon.There are several claims for why this fast-food item is used for collecting profits. Tendies: □□ Short for chicken tenders, "tendies" refer to profits made in meme stocks.Stonks: An ironic misspelling of the word “stocks.” This meme predates WallStreetBets and often depicts a crudely designed bald man in a suit staring blankly at an arrow pointing upward in price.These are perceived as weak individuals without conviction who sell their shares too quickly. Paper hands: □□ This is a derogatory slur leveled against those who fail to maintain diamond hands.Hold the line: a battle cry to encourage others to stand firm with diamond hands in the face of volatility.FOMO: " Fear of missing out, " that if you don’t catch the meme stock wave, you’ll regret it.Diamond hands: □□ This has come to mean holding onto a stock despite (even heavy) losses, confident that the price will soon increase.BTFD: An acronym for "buy the f***ing dip." Buying the dips means going long on a stock after its price has declined in the near term and is meant to be repeated after each such drawdown.Some have attributed this to a meme related to the movie Rise of the Planet of the Apes, but others have suggested that the label comes from the banding together of “dumb apes” to take on the Wall Street elite. Apes: □ Members of the meme stock community. The rapid and multiplicative effect of sharing such posts could make them go viral. They allow people to rapidly spread humorous, interesting, or sarcastic videos, images, or posts to others around the world. Memes gained increasing prevalence and relevance as the internet and social media grew. These stocks carry an added risk of higher-than-normal volatility that could be driven by viral posts on various social media platforms.Ī meme is an idea or some element of popular culture that spreads and multiplies across people’s minds.Meme stocks have generated their own slang and language that's used in online forums and social media.GameStop (GME) is widely regarded as the first meme stock, whose price rose as much as 100 times over several months as its meme community crafted a short squeeze.Meme stocks, in their present form, arose in the year 2020 out of the subreddit r/wallstreetbets.Meme stocks are shares of companies around which online communities have formed to promote and build narratives.
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