Category: Article – Media

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Article: GameStop shares halve

Article - Media, Publications

GameStop shares halve

Shah Husain Imam, 03 February 2021

GameStop Corp shares more than halved in value on Tuesday and silver prices retreated as the Reddit-driven trading frenzy that roiled stock and commodity markets appeared to fizzle, at least for now.

The videogame retailer’s shares, whose wild gyrations have made or lost billions of dollars for hedge funds and other investors in recent weeks, closed down 60 per cent at $90. They are now worth less than a fifth of their high of $483 last week, reports Reuters. Continue reading “Article: GameStop shares halve”

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Article: GameStop stock dropped, but Reddit still hopes to send it to the moon. Here’s what’s next

Article - Media

| 21.02.03

What makes this roller coaster unusual is why the Reddit community is buying up GameStop shares. While some of them say they believe in GameStop’s future, others are attracted to the idea that the higher GameStop’s shares go, the more Wall Street’s bad bets will cost institutional investors money.

Continue reading “Article: GameStop stock dropped, but Reddit still hopes to send it to the moon. Here’s what’s next”

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Article: Americas Gold and Silver Corporation (TSE:USA) Shares Could Be 33% Below Their Intrinsic Value Estimate

Article - Media, Publications

Americas Gold and Silver Corporation (TSE:USA) Shares Could Be 33% Below Their Intrinsic Value Estimate

Simply Wall St, 03 February 2021

In this article we are going to estimate the intrinsic value of Americas Gold and Silver Corporation (TSE:USA) by projecting its future cash flows and then discounting them to today’s value. This will be done using the Discounted Cash Flow (DCF) model. Before you think you won’t be able to understand it, just read on! It’s actually much less complex than you’d imagine.

Remember though, that there are many ways to estimate a company’s value, and a DCF is just one method. For those who are keen learners of equity analysis, the Simply Wall St analysis model here may be something of interest to you.
Continue reading “Article: Americas Gold and Silver Corporation (TSE:USA) Shares Could Be 33% Below Their Intrinsic Value Estimate”

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Article: The Lesson Of GameStop: Investing Is Not A Game

Article - Media, Publications

The Lesson Of GameStop: Investing Is Not A Game

Taylor Tepper,  03 February 2021

In a matter of days, GameStop has gone from being a dying retail chain to the latest obsession of media and markets. Along the way, the GameStop saga has morphed into a lesson in American populism, an allegory of Main Street taking a pound of flesh from Wall Street.

To recap: Video game retailer GameStop was struggling to survive even before the pandemic struck, and Covid-19 only worsened its ailing condition. Hedge funds on Wall Street smelled blood and took out massive bets that the company’s shares would drop, maybe even to zero—so-called short trades or short positions. Continue reading “Article: The Lesson Of GameStop: Investing Is Not A Game”

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Article: Market manipulation or David vs Goliath? Unpacking the Reddit trader phenomenon — podcast

Article - Media, Publications

Market manipulation or David vs Goliath? Unpacking the Reddit trader phenomenon — podcast

Gabriel Friedman, 03 February 2021

David Goldreich is a professor of finance at the University of Toronto’s Rotman School of Management; and Pauline Shum Nolan is a professor of finance at York University’s Schulich School of Management, and also the chief executive of Wealthscope, an investor analytics company.

GameStop’s incredible ride isn’t over, but it’s clear that a group of small investors used the internet to band together and stake out a position that put them at odds with several deep-pocketed hedge funds. In an inversion of the usual power dynamics, at least a few hedge funds have reported deep losses, and at least a few of the smaller investors are reporting big gains.

Continue reading “Article: Market manipulation or David vs Goliath? Unpacking the Reddit trader phenomenon — podcast”

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Article: Senator Elizabeth Warren Tells The Securities And Exchange Commission To ‘Get Off Their Duffs And Do Their Jobs’ And Stop The ‘Rigged Game’ Of Market Manipulation

Article - Media, Tweet

Jack Kelly | 21.02.02

In a blistering interview with CNN, Senator Elizabeth Warren was incensed over the trading activities last week, saying the market “is a rigged game.” Warren boldly called out the Securities and Exchange Commission (SEC), the premiere Wall Street regulator, admonishing the agency “to grow a backbone” and “get off their duffs and do their jobs.”

Warren said, “We need more regulation about market manipulation.” She also decried the practices of “pump and dumps” and stock buybacks that enrich the CEOs and executives. The senator added, “The SEC needs a broader look at how hedge funds and corporations manipulate the market.”

Continue reading “Article: Senator Elizabeth Warren Tells The Securities And Exchange Commission To ‘Get Off Their Duffs And Do Their Jobs’ And Stop The ‘Rigged Game’ Of Market Manipulation”

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Article: ‘Wolf of Wall Street’ Jordan Belfort Lauds ‘Brilliant’ Stock Revolt: ‘This is a Paradigm Shift’

Article - Media

Yael Halon | 21.02.02

“My hat’s off to them…it’s brilliant what they did.” — Jordan Belfort

The share price of video game retailer GameStop surged dramatically last week after a group of Reddit users teamed up to buy up the struggling retailer’s call options – hurting market short sellers.

“I believe this is a paradigm shift right now,” Belfort, who spent 22 months in prison after pleading guilty to charges of securities fraud and money laundering, told host Tucker Carlson.

Continue reading “Article: ‘Wolf of Wall Street’ Jordan Belfort Lauds ‘Brilliant’ Stock Revolt: ‘This is a Paradigm Shift’”

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Hedge Funds are Getting Crushed by the Worst Short Squeeze in a Quarter Century

Article - Media
Matt Egan | 21.02.02
A mob of traders on Reddit’s WallStreetBets page have sent GameStop (GME), AMC (AMC) and other stocks skyrocketing in recent days. GameStop lost a quarter of its value Monday but it’s still up nearly 1,200% on the year. WallStreetBets successfully triggered an epic short squeeze, where investors that bet against GameStop have been forced to unwind their bets and buy the stock back. That in turn has driven GameStop even higher, creating even more losses for short-sellers.

Continue reading “Hedge Funds are Getting Crushed by the Worst Short Squeeze in a Quarter Century”

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Article: GameStop, other Reddit-favored stocks plunge as trading frenzy fizzles

Article - Media, Publications

GameStop, other Reddit-favored stocks plunge as trading frenzy fizzles

GameStop Corp. shares more than halved in value on Tuesday and silver prices retreated as the Reddit-driven trading frenzy that roiled stock and commodity markets appeared to fizzle, at least for now.

The videogame retailer’s shares, whose wild gyrations have made or lost billions of dollars for hedge funds and other investors in recent weeks, closed down 60% at $90. They are now worth less than a fifth of their high of $483 last week.

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GameStop Founder Is “A Spectator” In Short Stock Controversy

Article - Media

Matt Egan | 21.02.02

In a conversation with CNBC, co-founder of Babbage’s Gary Kusin revealed that he has mainly been an onlooker during the whole GameStop stock controversy. He has gotten the majority of his information about what is happening through his son, Ben, who is an experienced redditor. One of the subreddits Ben frequented was WallStreetBets, which allowed him and his father to watch the whole situation unfold from the very beginning. Continue reading “GameStop Founder Is “A Spectator” In Short Stock Controversy”

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Naked Short Selling: The Truth Is Much Worse Than You Have Been Told

Article - Media

Naked Short Selling: The Truth Is Much Worse Than You Have Been Told

By James Stafford – Feb 02, 2021, 3:20 PM CST, OilPrice.com

There is a massive threat to our capital markets, the free market in general, and fair dealings overall. And no, it’s not China. It’s a homegrown threat that everyone has been afraid to talk about.

Until now.  That fear has now turned into rage.

The naked truth is this: Investors stand no chance in the face of naked short sellers. It’s a game rigged in the favor of a sophisticated short cartel and Wall Street giants.

Continue reading “Naked Short Selling: The Truth Is Much Worse Than You Have Been Told”

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Top 11 Reasons The Short Silver Squeeze Is Very Possible

Article - Media, Letter, Video

Alert Reader notes:

Shorting corporations and even governments has long been a means by which “loan” money sharks destroy and control creative money industry and governments.  Although a crime, this activity is never prevented – but rather regulated to protect and create advantage for the perpetrators.  So why not use this system of financial mass destruction against the destroyers? And, wouldn’t it be fitting that the common man’s money, silver, would be just the silver bullet needed to punish and return the market system to the people.  JP Morgan may have captured the silver paper market, but the bulls control the physical market – if only they will.

Maybe the century old suppression and manipulation of silver prices has finally found its savior — a silver short squeeze, now in progress.

Continue reading “Top 11 Reasons The Short Silver Squeeze Is Very Possible”

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How Redditors Beat Hedge Funds at Their Own Game(Stop)

Article - Media

21.01.27 | By Eric Levitz

But the value of a company can’t be reduced to its expected future earnings. One must also consider a wide range of other factors. Among them: How much nostalgia does the firm inspire in users of the Reddit forum r/wallstreetbets? And would a rally in GameStop shares be funny? Which is to say, has the firm crossed the “so bad it’s good” threshold, as inadvertent comedic masterpieces like The Room or Troll 2 had done before it?

America’s top hedge funds failed to ask these questions. Fortunately, the collective wisdom of rational market participants ensured that they were eventually incorporated into GME’s stock price. And, as of 3 p.m. Wednesday afternoon, a share in the GameStop corporation attained its true, objective value of $321.14.

Continue reading “How Redditors Beat Hedge Funds at Their Own Game(Stop)”

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Article: Patrick Byrne

Article - Media, Publications

Patrick Byrne

Marketswiki, 02 February 2021

Patrick Byrne is an American entrepreneur. Despite owning a company that is publicly traded on Wall Street, he has been called “The Scourge of Wall Street” for his outspoken criticism of several high-profile individuals in various financial institutions whom he accused of corruption.[1] He is the founder and chief executive officer of Overstock.com, one of the first retailers to begin accepting bitcoin as payment for goods and services.[2] He is also the co-creator of the blockchain platform tZERO.

On August 22, 2019, in a letter to shareholders, Byrne announced his resignation as chief executive officer and member of the board of Overstock.com. Continue reading “Article: Patrick Byrne”

THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?