Whats the deal with /r/wallstreetbets and can Pakistani's benefit?

[Itachi]

You’re just spitting out nonsensical jibberish now. Go home little boy.

Yes I do have stocks and I am on the WSB sub dummy. Lmao

You must be one of those that lost money lol

Can we all calm down, and get back on topic?

Anyway, I wonder how the exec's over at GAMESTOP are doing.

I know that AMC is probably celebrating, because Wallstreetbets pretty much helped them wipe out half a billion dollars worth of debt.

Robinhood IPO? What Experts Are Saying Now Following the Reddit Fallout

A potential Robinhood IPO could be at risk following the trading app's ban of popular stocks targeted by Reddit traders this week.

investorplace.com

How Robinhood Went From Hero to Villain in 48 Hours

The trading app saved the hedge funds and threw its users overboard — jeopardizing its entire business

marker.medium.com

There's nothing else to discuss other than the above or what you wrote. I don't care about anything other than the amount of $$$ made and what the next meme stock is....other than the ones already listen on this thread.

 

[tower9]

You must be one of those that lost money lol

Robinhood IPO? What Experts Are Saying Now Following the Reddit Fallout

A potential Robinhood IPO could be at risk following the trading app's ban of popular stocks targeted by Reddit traders this week.

investorplace.com

How Robinhood Went From Hero to Villain in 48 Hours

The trading app saved the hedge funds and threw its users overboard — jeopardizing its entire business

marker.medium.com

There's nothing else to discuss other than the above or what you wrote. I don't care about anything other than the amount of $$$ made and what the next meme stock is....other than the ones already listen on this thread.

Nope. I’ve made good money. And stocks are only one portion of my portfolio.

 

[Death Professor]

the modern stock exchange has this flaw. stocks should not be traded as a commodity. price should not be affected by supply and demand barometers. this just become a gamble.

A gamble but a calculated one, those good at numbers always come at top.

 

[Death Professor]

Stonks!!!

Meme based cryptocurrency "Dogecoin" surges 800% in 24 hours

After frustrating the Wall Street titans with GameStop and AMC stock surge, millennials are now campaigning to take parody cryptocurrency, Dogecoin “to the moon”. This has caused an 822% increase in the value of Dogecoin – a meme-based cryptocurrency that was started as a joke in 2013. “PUT YOUR...

dailytimes.com.pk

Meme based cryptocurrency “Dogecoin” surges 800% in 24 hours

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  Shares

Qurat ul Ain Ali
JANUARY 29, 2021
After frustrating the Wall Street titans with GameStop and AMC stock surge, millennials are now campaigning to take parody cryptocurrency, Dogecoin “to the moon”.

This has caused an 822% increase in the value of Dogecoin – a meme-based cryptocurrency that was started as a joke in 2013.
“PUT YOUR LIFTOFF DIAPERS ON ITS ABOUT TO START,” a comment earlier on the Reddit community WallStreetBets said, as young traders prepared to buy GameStop options, causing the company’s stock to skyrocket at an insane rate.
Millinial nerds and gamers who spent a significant part of their lives buying consoles and playing video games, beat the Wall Street hedge funds by buying GameStop’s shares and urging other young adults to join them.
GameStop’s value went from extremely low to extraordinarily high. The company was forced by the pandemic to shut many of its stores in April 2020, with its stock reaching below $3 per share. After recovering a bit in September after investor Ryan Cohen rallied for the company. By mid January, the stock crossed a high of $30 per share, and this week it surpassed $373, crating a personal wealth of $2bn for the company’s largest shareholders.
Several TikTok investors and Redditors were barred by popular brokerage RobinHood, from trading stocks as they created an intentional disruption in stock market by causing the GameStop and AMC stock to skyrocket.
Their attention then shifted towards on Dogecoin. Several popular faces including Carole Baskin from Netflix’s Tiger King, made social media appearances to promote Dogecoin.
On Thursday evening, Tesla CEO Elon Musk, who has been promoting Reddit betting, shared a picture of a dog posing on the cover of “Dogue” magazine.
This diverted the attention of the millinial trading community towards Dogecoin and its value jumped up 50% within an hour.
The currency that has stayed at a low value of fractions of a cent, rose from $0.007681 at 8 p.m. Wednesday to over 0.082 by Thursday, raising the company’s market value to about $7 billion.
Dogecoin has now become the world’s 10th most valuable cryptocurrency.

 

[Itachi]

Stonks!!!

Meme based cryptocurrency "Dogecoin" surges 800% in 24 hours

After frustrating the Wall Street titans with GameStop and AMC stock surge, millennials are now campaigning to take parody cryptocurrency, Dogecoin “to the moon”. This has caused an 822% increase in the value of Dogecoin – a meme-based cryptocurrency that was started as a joke in 2013. “PUT YOUR...

dailytimes.com.pk

Meme based cryptocurrency “Dogecoin” surges 800% in 24 hours

• 
  
• 
  
• 
  
• 
  
• 
  
• 
  
• 0
  Shares

Qurat ul Ain Ali
JANUARY 29, 2021
After frustrating the Wall Street titans with GameStop and AMC stock surge, millennials are now campaigning to take parody cryptocurrency, Dogecoin “to the moon”.

This has caused an 822% increase in the value of Dogecoin – a meme-based cryptocurrency that was started as a joke in 2013.
“PUT YOUR LIFTOFF DIAPERS ON ITS ABOUT TO START,” a comment earlier on the Reddit community WallStreetBets said, as young traders prepared to buy GameStop options, causing the company’s stock to skyrocket at an insane rate.
Millinial nerds and gamers who spent a significant part of their lives buying consoles and playing video games, beat the Wall Street hedge funds by buying GameStop’s shares and urging other young adults to join them.
GameStop’s value went from extremely low to extraordinarily high. The company was forced by the pandemic to shut many of its stores in April 2020, with its stock reaching below $3 per share. After recovering a bit in September after investor Ryan Cohen rallied for the company. By mid January, the stock crossed a high of $30 per share, and this week it surpassed $373, crating a personal wealth of $2bn for the company’s largest shareholders.
Several TikTok investors and Redditors were barred by popular brokerage RobinHood, from trading stocks as they created an intentional disruption in stock market by causing the GameStop and AMC stock to skyrocket.
Their attention then shifted towards on Dogecoin. Several popular faces including Carole Baskin from Netflix’s Tiger King, made social media appearances to promote Dogecoin.
On Thursday evening, Tesla CEO Elon Musk, who has been promoting Reddit betting, shared a picture of a dog posing on the cover of “Dogue” magazine.
This diverted the attention of the millinial trading community towards Dogecoin and its value jumped up 50% within an hour.
The currency that has stayed at a low value of fractions of a cent, rose from $0.007681 at 8 p.m. Wednesday to over 0.082 by Thursday, raising the company’s market value to about $7 billion.
Dogecoin has now become the world’s 10th most valuable cryptocurrency.

 

[tower9]

Stonks!!!

Meme based cryptocurrency "Dogecoin" surges 800% in 24 hours

After frustrating the Wall Street titans with GameStop and AMC stock surge, millennials are now campaigning to take parody cryptocurrency, Dogecoin “to the moon”. This has caused an 822% increase in the value of Dogecoin – a meme-based cryptocurrency that was started as a joke in 2013. “PUT YOUR...

dailytimes.com.pk

Meme based cryptocurrency “Dogecoin” surges 800% in 24 hours

• 
  
• 
  
• 
  
• 
  
• 
  
• 
  
• 0
  Shares

Qurat ul Ain Ali
JANUARY 29, 2021
After frustrating the Wall Street titans with GameStop and AMC stock surge, millennials are now campaigning to take parody cryptocurrency, Dogecoin “to the moon”.

This has caused an 822% increase in the value of Dogecoin – a meme-based cryptocurrency that was started as a joke in 2013.
“PUT YOUR LIFTOFF DIAPERS ON ITS ABOUT TO START,” a comment earlier on the Reddit community WallStreetBets said, as young traders prepared to buy GameStop options, causing the company’s stock to skyrocket at an insane rate.
Millinial nerds and gamers who spent a significant part of their lives buying consoles and playing video games, beat the Wall Street hedge funds by buying GameStop’s shares and urging other young adults to join them.
GameStop’s value went from extremely low to extraordinarily high. The company was forced by the pandemic to shut many of its stores in April 2020, with its stock reaching below $3 per share. After recovering a bit in September after investor Ryan Cohen rallied for the company. By mid January, the stock crossed a high of $30 per share, and this week it surpassed $373, crating a personal wealth of $2bn for the company’s largest shareholders.
Several TikTok investors and Redditors were barred by popular brokerage RobinHood, from trading stocks as they created an intentional disruption in stock market by causing the GameStop and AMC stock to skyrocket.
Their attention then shifted towards on Dogecoin. Several popular faces including Carole Baskin from Netflix’s Tiger King, made social media appearances to promote Dogecoin.
On Thursday evening, Tesla CEO Elon Musk, who has been promoting Reddit betting, shared a picture of a dog posing on the cover of “Dogue” magazine.
This diverted the attention of the millinial trading community towards Dogecoin and its value jumped up 50% within an hour.
The currency that has stayed at a low value of fractions of a cent, rose from $0.007681 at 8 p.m. Wednesday to over 0.082 by Thursday, raising the company’s market value to about $7 billion.
Dogecoin has now become the world’s 10th most valuable cryptocurrency.

A handful of doge is always helpful to keep around just in case the next meme moon ride comes

 

[Itachi]

A handful of doge is always helpful to keep around just in case the next meme moon ride comes

Handful?? I bought 100k when Elon first tweeted about it, more than a month ago.

 

[tower9]

Handful?? I bought 100k when Elon first tweeted about it, more than a month ago.

Good for you. Want a cookie?

 

[Itachi]

Good for you. Want a cookie?

If it's a opium cookie. Sure. We'll share it together.



Straight from WSB sub-reddit:

The Tendieman

Watch "The Tendieman" on Streamable.

streamable.com

@Shehr Abbasi @That Guy @_NOBODY_

 

[blueazure]

When will people do something similar to Silver and Gold?? @blueazure I heard there was something going on like this in the silver market?

there are no gold stocks per se , like GME , or APPL or GOOG which you can trade and hold

sure , there are mining company stocks but gold trade is in reality = ' paper derivative' aka synthetic gold trading ( and that too on leverage ) most of this trade is COMEX paper or london bullion run by some very smart jews

spot gold aka physical gold on delivery aka retail gold trading is much smaller vs paper gold trading hence there is little chance of a r/wallstreetbets style takeover , (unless and until ppl start buying real gold en masse and make it short from mkt )


---

silver too is manipulated like this .

 

[The Accountant]

So I came across this on my twitter, apparently day traders are organising to by stocks that hedge funds are shorting, forcing them to buy them back and eventually making a profit from it. My nephew i think is doing something similar, he's a student.


View attachment 711296

Is this something any of you guys are involved in? Is it worthwhile getting into? Can the average Pakistani benefit from it?

Its a modern form gambling and Haram in Islam

 

[HammerHead081]

Damn so much money to be made in USA, i mean seriously if you are fuckin poor in USA... its all your fault.

Its a modern form gambling and Haram in Islam

Couldn't care enough if its declared halal or haram according to some scholar, i have my own brain to think if its right or wrong.

 

[_NOBODY_]

Its a modern form gambling and Haram in Islam

What nonsense, by your logic investing money is haram since one can never be 100% sure that whether the the investment will be a success or not. Simply purchasing equity has never been and never will be haram.

 

[HammerHead081]

What nonsense, by your logic investing money is haram since one can never be 100% sure that whether the the investment will be a success or not. Simply purchasing equity has never been and never will be haram.

One of the main reasons Pakistan has never progressed. People are afraid of technology cuz they argue and fight with each other whether its haram or halal, believe in scholar's words who use religion as business instead of using their own brains OR don't keep religion to themselves and try to potray themselves as superior muslims.

" In 1515 the Ottoman Empire’s Sultan Selim I issued an edict banning the use of the printing press due to concerns from Ottoman scholars that it would be disrespectful to the Qur’an and knowledge. "

This is the history of us Muslims, being pathetic like this and always left behind the west.

 

[Type59]

People should avoid believing get rich stories. They have an incentive for you to invest in their chosen stock. I bet suicides related to people losing all their savings inregards to reddit tips will emerge.