There are segments of the stock market going absolutely batshit crazy.

Author: Iggle (13088 Posts - Joined: Sep 14, 2007)

Posted at 6:49 pm on Jan 25, 2021

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1) SPACs...Special purpose acquisition corps. Basically a closed end fund that is looking to buy actual business. Check out CLII and BBIG. Crazy moves
2) Anything with big short interest. Check out BB and GME. Blackberry and Gamestop. Apparently Robinhood retail investors talk up these runs on the shorts in chat rooms and then goose them really hard. GME was at $5 in Sep and touched $159 today...now down at 72.
3) Anything related to batteries or electric cars.

Replies to: “There are segments of the stock market going absolutely batshit crazy.”

There are segments of the stock market going absolutely batshit crazy. - Iggle - 6:49pm 1/25/21 (6) [View All]
- My kids do Robinhood. I mentioned BB at dinner. My high schooler brought up Gamestop. - NedoftheHill - 3:46pm 1/27/21
  - Check out Google cleaning up and covering for Robinhood. I'd consider encouraging your [LINK] - BaronVonZemo - 3:00pm 1/30/21
    - Yeah, Google is evil. Amazing. Regarding Robinhood, I will talk to the kids about alternatives. [NT] - NedoftheHill - 4:59pm 1/30/21
      - Schwab is very solid - recommend a switch ASAFP. - Iggle - 5:29pm 1/30/21
    - I anticipated many of these things. I didn't anticipate how quickly they would be implemented. - MAS - 3:21pm 1/30/21
- The whole thing is crazy right now. [NT] - TakethetrainKnute - 1:28pm 1/26/21

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