Reddit s rocket-ship stock picks BlackBerry, GameStop blast off
Michael P. Regan, Bloomberg News It s a bit scary : UBS strategist on speculative rally in GameStop VIDEO SIGN OUT
Trading in the stock market used to require a mastery of all sorts of Wall Street jargon. These days you also need to be fluent in emoji: If a post on a Reddit Wall Street message board contains icons of rocket ships pointing upward, you best pay attention.
Some of Redditâs favorite rockets are soaring again on Monday even though benchmark equity gauges are weaker. From mall-based retailers like GameStop Corp. and Express Inc. to telecom blasts from the past such as BlackBerry Ltd. and Nokia Oyj, the r/wallstreetbets forum is minting small fortunes for retail traders who get in and out of the favored names at the right time.
Trading in the stock market used to require a mastery of all sorts of Wall Street jargon. These days you also need to be fluent in emoji: If a post on a Reddit Wall Street message board contains icons of rocket ships pointing upward, you’d best pay attention.
Some of Reddit’s favorite rockets are soaring again Monday even though benchmark equity gauges are weaker. From mall-based retailers like GameStop Corp. and Express Inc. to telecom blasts from the past such as BlackBerry Ltd. and Nokia Oyj, the r/wallstreetbets forum is minting small fortunes for retail traders who get in and out of the favored names at the right time.
Author Bio
Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years. When he isn’t writing, he is usually out for a run, or relaxing to the music of the Grateful Dead.
What happened
Shares of
TS Innovation Acquisitions (NASDAQ:TSIA) soared more than 90% early Monday morning. It gave back some of those gains, but shares of the special purpose acquisition company (SPAC) remained up 54% as of 11:40 a.m. EST.
he helped select nominees to New York’s highest court
NEW YORK – January 13, 2021 – Alan Mansfield, a beloved and highly respected New York litigation attorney who helped shape the New York State Court of Appeals as a 25-year member of the New York State Commission on Judicial Nomination, passed away January 11, 2021. He was a member of the Executive Committee at global law firm Greenberg Traurig, LLP, where he had also served as the co-chair of the firm’s Global Litigation Practice. Mansfield joined the law firm in 1994 as the 11
th attorney in its then nascent New York City office, and the Commission two years later.