The Globe and Mail Matt Phillips and Kate Kelly The New York Times Bookmark
The GameStop saga was a David-versus-Goliath story pitting small traders against big hedge funds and a cautionary tale about what happens when fast-moving Silicon Valley collides with the heavily regulated world of Wall Street.
Among its ensemble cast is one of the finance world’s most influential and perhaps least visible figures, Chicago billionaire Kenneth C. Griffin.
And when the House Financial Services Committee meets Thursday to question key players in the GameStop madness, Griffin will be asked about the two distinct roles his companies played in a two-week trading frenzy that created and destroyed billions of dollars in wealth.
First Solar s Charts Are Showing Some Cracks It looks like FSLR has started a move lower. Stocks quotes in this article: FSLR First Solar ( FSLR) is expected to report its earnings next Thursday. Prices began to weaken in late January so let s check out the charts to see how much downside risk there may be. In this daily bar chart of FSLR, we can see that prices just closed below the cresting 50-day moving average line. The rising 200-day moving average line intersects around $75. The trading volume has declined since late October and the On-Balance-Volume (OBV) line shows a decline from late January. A declining OBV line happens when sellers of a stock are being more aggressive - or when daily trading volume is heavier on days when the stock closes lower.
Shares of GameStop briefly reversed losses on Thursday after the trader known as Roaring Kitty told a congressional hearing he remained optimistic about the stock following its recent rally and selloff.
Walmart Impresses and Disappoints, Here s My Plan There s a lot to look at on the chart, so I will go through it slowly to see if you see what I see. Stocks quotes in this article: WMT, AMZN
By now everyone who wakes up with business news on the brain has seen Walmart s (WMT) fourth quarter results. I have gone over the results several times now. Long-time readers well know that I have backed and been long Walmart long-term. Readers also know that my loyalty to Walmart had been cemented during my time of need, when back in the spring when I was in bad shape, their e-commerce business, along with rival Amazon s (AMZN) , helped me provide for my family. It was their reliability when many others fell way behind that got me even more behind the firm than I already was. As an investor, I had crossed the line that I teach to others to never cross. Walmart for me, had become an emotional investment, I could no longer be mercenary when
Key players involved in the trading frenzy centered on GameStop shares told skeptical US lawmakers on Thursday that their actions were above board and in line with ordinary stockmarket business.