Analysis: How worrying is the GameStop-Reddit mania? February 2, 2021 The second half of last week was a fascinating news cycle for financial newshounds and traders alike, as headlines were very much dominated by one story: GameStop. Global equities fell back 3.5 to 4 per cent last week, leaving them down slightly year-to-date, even though they did recover some of these losses yesterday. GameStop – [...]
CityAM TV: Daily Market Snapshot February 2, 2021 With such a sharp rally in global equity markets over the past 36 hours, the debate continues to rage about whether this is a wave two relief rally in this pullback, or indeed whether wave one is still ongoing? This morning we look at the key technical support and resistance levels, as well as the [...]
GameStop: The herd mentality of retail players ruffles the feathers of the old guard February 1, 2021 From time to time, the financial markets are given a rude awakening by an obscure situation or event, which is exactly what we saw last week, says David Madden, market analyst at CMC Markets UK, this morning. “A swarm of retail investors, who were chatting with each other on Reddit, started snapping up GameStop shares. [...]
This morning: Silver receives Gamestop treatment on Reddit February 1, 2021 Silver shines this morning as the metal is experiencing a rise in demand thanks to postings on Reddit, targeted in a similar fashion as Gamestop last week. What silver is going through this morning is the same rude awakening financial markets received last week when a swarm of retail investors, who were chatting with each [...]
Elon Musk brands shorting stock a ‘scam’ following GameStop trading restrictions January 28, 2021 Redditors: We'll 'burn Robinhood to the ground' after Gamestop trading restricted