What is wallstreetbets (WSB)?
Jan 28, 2021 · Enter WSB. This subreddit provides a community for those to discuss stock picks. If the 2008 financial crisis taught us anything, it is that the market is already set up to bear little relationship to reality. Win or lose, the people controlling the portfolios always win.
What is the wallstreetbets subreddit?
Apr 08, 2022 · WSB Financial Group, Inc. operates as the holding company for Westsound Bank that offers various commercial banking services to real estate developers, contractors, small to medium-sized businesses, individuals, professionals, and professional firms in Washington. The bank primarily generates deposits and originates loans.
Is wallstreetbets speaking a foreign language on the stock market?
Real-time trade and investing ideas on WSB Holdings, Inc. WSB from the largest community of traders and investors.
Why do WSB say I like the stock?
The meme means what it says. Like stockbrokers who have used the phrase for decades, the surface sentiment is liking a stock. On Reddit, this is often accompanied with a rocket emoji, which means the person using it thinks buying the stock will make it go up. But on WallStreetBets, memes never stop at face value.Feb 5, 2021
What does FTD mean WSB?
Failure to Deliver (FTD) data is retrieved from the US Securities and Exchange Commission (SEC).
What does Diamond hands mean WSB?
Commonly depicted in its emoji form (see below), 'diamond hands' refers to someone who has a high-risk tolerance for high volatility stocks or assets that they own. They don't cave under pressure and sell their stocks, essentially.
What is Tendies WSB?
TENDIES means "Financial gain on the stock market." Tendies is a term the traders Reddit's Wall Street Bets (WSB) use to describe money or financial gain. Tendies is short for chicken tenders. The phrase that comes from old 4CHAN greentext stories (see below for an example) about grown men living with their mom.
What is FD in stock?
FD Stock means the fully diluted shares of Hyatt Common Stock calculated with reference to the securities included in determining “Diluted EPS” in accordance with Statement of Financial Accounting Standards 128 for the purposes of US GAAP as in effect on June 30, 2009.
Why are investors called apes?
To put it concisely, apes are social-media traders battling against powerful institutional investors by attempting to push heavily short-sold stocks higher. The term “apes” is a reference to the Planet of the Apes series of films.Oct 25, 2021
Is it good to have diamond hands?
"Diamond hands" is an expression that signifies a high risk tolerance. It's often used by investors on Reddit, Twitter, and other social media sites. If you have diamond hands, it means you're the type of investor who won't panic and sell off your holdings during big price fluctuations.Jan 24, 2022
What does it mean when a stock is squeezed?
The term squeeze can be used to describe several situations that involve some sort of market pressure. In finance, the term is used to describe situations wherein short-sellers purchase stock to cover losses or when investors sell long positions to take capital gains off the table.
What does paperhand mean in Crypto?
What Does Paper Hands Mean? A “paper hand” trader, on the other hand, is someone that doesn't have the patience to hold their positions. They are easily shaken by market volatility and often exit their positions when they see any sign of risk.Sep 29, 2021
Why is money called Tendies?
The term was initially used in a joking but literal way in reference to the chicken fingers that investors would say they were going to buy with (and eat in celebration of) the profits made from their investments.Aug 25, 2021
How much is a Tendie?
The current price is $0.628639 per TENDIE.
What are stock market traders called?
Individual traders, also called retail traders, often buy and sell securities through a brokerage or other agent. Institutional traders are often employed by management investment companies, portfolio managers, pension funds, or hedge funds.
Who are some of WSB Financial Group's key competitors?
Some companies that are related to WSB Financial Group include Albina Community Bancorp (ACBCQ) , Berkshire Bancorp (BERK) , Beverly Hills Banco...
What is WSB Financial Group's stock symbol?
WSB Financial Group trades on the OTCMKTS under the ticker symbol "WSFGQ."
How do I buy shares of WSB Financial Group?
Shares of WSFGQ can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBu...
How many employees does WSB Financial Group have?
WSB Financial Group employs 93 workers across the globe.
What is WSB Financial Group's official website?
The official website for WSB Financial Group is www.westsoundbank.com .
Where are WSB Financial Group's headquarters?
WSB Financial Group is headquartered at 607 PACIFIC AVENUE, BREMERTON WA, 98337 .
How can I contact WSB Financial Group?
WSB Financial Group's mailing address is 607 PACIFIC AVENUE, BREMERTON WA, 98337 . The company can be reached via phone at (206) 623-1900 or via...
Why was Wall Street Bets banned?
On January 27, the official r/wallstreetbets Discord server was banned for "hateful and discriminatory content". Discord denied that the ban was related to the ongoing GameStop short squeeze.
When did GameStop short squeeze?
GameStop short squeeze. On January 22, 2021, users of r/wallstreetbets initiated a short squeeze on GameStop, pushing their stock prices up significantly. This occurred shortly after a comment from Citron Research predicting the value of the stock would decrease.
What is the bug in Robinhood?
Around November 2019, a user known as u/ControlTheNarrative found a bug in Robinhood's trading platform and exploited it to leverage his original deposit of $2,000 all the way up to roughly $50,000, resulting in a leverage ratio of approximately 25:1. He sold covered calls and, thanks to the bug, the credit that he received appeared as liquid money on his account. He used the money to buy put options on Apple stock, a trade which led to a loss of $46,000, enormous relative to his initial deposit of only $2,000. He recorded the live reaction to his loss and uploaded it on his YouTube channel. Many other users tried to exploit the glitch, which they referred to as the "free money cheat code", before it was fixed, with one in particular claiming to have opened a $1,000,000 position from a $4,000 deposit.
Is Robinhood trading in 2021?
Robinhood restricts trading. On January 28, 2021, during the GameStop short squeeze, Robinhood, TD Ameritrade, E-Trade and Webull restricted the trade of heavily shorted stocks such as GameStop, AMC, BlackBerry Limited, Nokia, and Koss Corporation on their platforms.
What is a diamond hand?
Users encourage each other to have “diamond hands” (represented in emojis, of course), a riff on the strength of diamonds and a user’s strength to last through big market swings. They insult the “paper hands” who crumple and sell their shares at the first taste of money or scary drops.
Is a group a monolith?
No group is a monolith, especially one of this size. There is a wide spectrum of opinions, beliefs, and experiences. The users I spoke to were quick to point out that the group’s dynamics have changed at light speed over the past two weeks.
How old is Jimmy Lee?
Jimmy Lee, a 20-year-old college student in Southern California and member of WallStreetBets, told me his GME holdings could help his family buy another car. Lee’s father is a janitor, and his mother is out of work due to the pandemic.
How do short sellers buy stocks?
Here's how the mechanics work: 1 A short seller borrows shares from a broker. 2 The short seller then sells those shares. 3 They then wait for the stock's price to fall. 4 They buy the stock back to return to the lender – ideally, at a lower price than they sold.
What happens if you short a stock?
Regardless of what you paid for it, a stock's price can't fall below zero. But when you short a stock and it rises, there is no limit to how high it can go.
Is GameStop a cult stock?
However, while WallStreetBets has claimed both money and victories, very little of this has so far led to meaningful support for the actual underlying company, GameStop. "GameStop has become a cult stock because of Ryan Cohen's success with Chewy," Wedbush Securities analyst Michael Pachter wrote in a note to clients.
Is GameStop a profit?
First, there's GameStop itself. The video game retailer hasn't made a profit in two years, and it has been in steady decline for even longer. As a physical retailer in a world where gamers buy and download games online, its prospects were dim enough.
What is BlackBerry's focus?
Now it focuses on cybersecurity, artificial intelligence and internet of things (IOT) solutions.
Is Koss a stock?
Koss (NASDAQ: KOSS) is a legacy audio equipment maker known for high-quality headphones and speakers. However, KOSS stock is not exactly a ticker that regularly captivates investor attention. That is, until yesterday. Meade shared that like AMC, KOSS stock was looking like it could be the next GameStop. That suggestion sent shares up 80% yesterday and another 50% this morning.
What is paper hands?
Male users on the forum may turn to that style of humor as emotional self-protection, one sociologist suggested. Paper hands: The opposite of diamond hands, and is generally derogatory. Refers to someone who sells the stock under pressure, or at the first sign of trouble when the price is high.
What does "to the moon" mean?
“To the moon:” A phrase usually accompanied by many rocket emojis, and used to express confidence that a stock will rise. YOLO: Short for “you only live once.”.
How old is Roaring Kitty?
The 34-year-old , known online as “Roaring Kitty,” became a Pied Piper for the GameStop rally on the forum.
Summary
r/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and option trading. It has become notable for its colorful and profane jargon, aggressive trading strategies, harassment and for playing a major role in the GameStop short squeeze that caused losses for some US firms and short sellersin a few days in early 2021. The subreddit was found…
Overview
The subreddit, describing itself through the tagline "Like 4chan found a Bloomberg terminal", is known for its aggressive trading strategies, which primarily revolve around highly speculative, leveraged options trading. Members of the subreddit are often young retail traders and investors who ignore fundamental investment practices and risk management techniques, so their activities are often considered gambling. The growing popularity of no-commission brokers and mobile onli…
GameStop short squeeze
On January 22, 2021, users of r/wallstreetbets initiated a short squeeze on GameStop, pushing their stock prices up significantly. This occurred shortly after a comment from Citron Research predicting the value of the stock would decrease. The stock price increased more than 600 percent by January 26, and its high volatility caused trading to be halted multiple times. A series of posts by user u/DeepFuckingValueon the subreddit helped to generate interest in the stock. Af…
Effect on the Robinhood trading platform
As of January 2021 , many members of the subreddit used the popular mobile app Robinhood to trade stocks and options. Some members have been responsible for significant feature removals and bug fixes after identifying and publishing methods of exploit.
Around January 2019, a user known as u/1R0NYMAN sold a box spreadcreating a $300,000 credit that should have netted him from $40,000–50,000 over the course of two years. He described th…
Subreddit paper trading events
On February 19, 2019, the subreddit created its first paper trading competition for users. The top three winners were selected as AmericanPegasus with a 4325% return, Hypnotwist 3609% return, and TroneyHap with a 3581% return, a close third. On February 21, 2019, commenters who posted on the paper trading competition were banned per the subreddit's rules in 2019 of no paper tradingand a message from the moderator running the competition. The fallout from this event resulte…
See also
• Internet meme
• Gaming Wall Street