● GameStop's remarkable surge has left investor Ryan Cohen sitting on a 809% gain.⠀ ⠀ ● Cohen, a Chewy co-founder, disclosed an investment in GameStop in August. By December he’d purchased 9 million shares in the retailer for a total cost of $76 million. Earlier this month, GameStop announced that he and two other former Chewy colleagues would be joining the board, triggering a jump in the company’s share price.⠀ ⠀ ● Cohen’s 13% stake was valued at around $691 million as GameStop shares closed at $76.79 in New York trading. The stock has surged from a low of $10.47 a share in October, fueled by a short squeeze ignited in chat rooms.⠀ ⠀ ● Read more by clicking the link in our profile.
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It all started with a short by an analyst at Citron Research. An army of day traders on Reddit’s WallStreetBets called out the short on GameStop, and their fervor for the video game retailer has sent the tiny stock surging 245% this year. GameStop, which isn’t expected to turn a profit before 2023, has seen its market value triple to $4.5 billion in three weeks, burning the skeptics whose any attempt to cover is likely to further propel its ascent. Click the link in our bio for the story of how a Reddit stock pick has gone sky high. 🚀
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One trader on Reddit turned $53,566 into more than $11 million. This is how WallStreetBets pushed GameStop shares to the moon https://t.co/vgIDWX6JQV
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Ok. I think institutional investors really are looking at Reddit now.
Or they were already. But I think more and more are paying closer attention. All this talk about BB over the weekend. And then suddenly it increases by 33% today on Monday. That is more than 3 billion dollars moved around. There’s no way that’s just Reddit by itself. This is not a coincidence.
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Why are all GME buyers say wait til Friday?
I heard that options expire on 1/29 for 115c, but what significance does that have? Why would the stock rise on Friday? Excuse me because I am still relatively new to trading. I myself have bought 80 shares at $69 (complete coincidence). But can anybody explain to me what the significance of Friday/end of week implications would mean for the price of the GME stock?
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The Treasury Department will resume Obama-era plans to put Harriet Tubman on the $20 bill and President Biden wants to accelerate the process https://t.co/onw0nAuPK5
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Does money buy happiness? Yes. More money even buys *more* happiness, a new study finds https://t.co/SjwpNX2mtr
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GameStop short-sellers lost $1.6 billion in a single day as Reddit traders rebelled against them https://t.co/6WwWBMSRdU
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One trader on Reddit turned $53,566 into more than $11 million. This is the story of how WallStreetBets pushed GameStop shares to the moon https://t.co/KiTIPI6wq7
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Should I send gifts to our loyal customers?
Hey dudes, We are a [SaaS](https://beupify.com/) company and now I am thinking about sending gifts to our loyal customers. The customers are mainly other SaaS companies. I was thinking about sending whisky or wine maybe, but not sure if it's worth it or not? Would love to hear your thoughts and ideas or is there anyone who tried this?? Appreciate any kind of help
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GME shorts at over 100%.
So i have been looking into this and it seems that many people's reasoning for continuing to buy gme is due to a current low float available. (float means shares availability for ur standard traders correct? And because of that, not all of gme short sellers has a way out since they cant cover their position. But what stops gme from simply issuing more shares?
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On "Hannity" Friday, Sen. Tom Cotton slammed President Joe Biden for revoking the Keystone XL pipeline permit, saying it will cost many Americans their jobs.
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Promote your business, week of January 25, 2021
Post business promotion messages here including special offers especially if you cater to small business. **Note:** To prevent your messages from being flagged by the autofilter, don't use shortened URLs.
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The hedge fund industry reaped $127 billion last year, with some of the biggest firms with human traders making investment decisions — rather than computers — racking up record profits. Tiger Global, which generated $10.4 billion for clients after fees, placed first in a global ranking by LCH Investments. Izzy Englander’s Millennium Management was a close second, with $10.2 billion. Meanwhile Renaissance, founded by billionaire mathematician Jim Simons, fell out of the top 20 from third place the previous year. See the ranking at the link in bio.
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💯 thelawofwinning
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