Trader’s Analysis

2021-01-29 17:15:40 $NAKR is another stock that is currently pumped up by WSB (Wallstreetbets) to destroy the shorts position by hedge funds in order to cause a short squeeze that will push price up.

https://www.tradingview.com/chart/NAKD/vHjcm6kS-NAKR-another-Wallstreetbets-stock/

A short squeeze occurs when a stock or other asset jumps sharply higher, forcing traders who had bet that its price would fall, to buy it in order to forestall even greater losses. Their scramble to buy only adds to the upward pressure on the stock's price. Short-sellers borrow shares of an asset that they believe will drop in price in order to buy them after they fall.

If they're right, they return the shares and pocket the difference between the price when they initiated the short and the actual sale price. If they're wrong, they're forced to buy at a higher price and pay the difference between the price they set and its sale price. Short sales have an expiration date, so when a stock unexpectedly rises in price, the short-sellers may have to act fast to limit their losses.

So basically what's happening right now is that there is a reddit forum https://www.reddit.com/r/wallstreetbets/ that's trying to fight against institutional investors like hedge funds because they have been earning money off investors by shorting more than 100% for the available stocks which technically should not be possible. That said, this stock has not much fundamental value is definitely overvalued right now but its more of a movement to fight against the rich rather than just simply investing itself. Open / Comment

2021-01-28 19:20:28 Just before the stock exchanges opened: "In light of recent volatility, we are restricting transactions for certain securities to position closing only, including $AMC, $BB, $BBBY, $EXPR, $GME, $KOSS, $NAKD and $NOK.” - Robinhood

They only allow people to sell and not buy the stocks, causing the prices to drop since they could not be any buyers on many platforms.

https://www.cnet.com/personal-finance/robinhood-app-td-ameritrade-restrict-trading-of-gamestop-amc-stock/ Open / Comment

2021-01-28 14:27:14 Here are some of the stocks getting pumped right now. Enter at your own risk because this is super super risky.

$GME, $BB, $BBBY, $AMC, $PLTR, $NOK, $NAKD

$GME gamestop has been getting pump for a long time now. Individual investors — particularly on the Reddit chat forum “WallStreetBets” — began buying GameStop shares and encouraging others to do so. GameStop's shares are now up nearly 1,700% so far in 2021 -- and it's still January. An epic short squeeze is believed to be fueling the rally -- one led by an army of individual traders that are using social media sites like Reddit and Twitter to coordinate their strikes against short-sellers.

By buying heavily shorted stocks en masse, these bear slayers are driving up their price. Short-sellers, in turn, are suffering staggering losses. To stem the bleeding, many short-sellers including multibillion-dollar hedge fund Melvin Capital have been forced to exit their positions. This requires that they buy back the stock they sold short, which has likely helped to drive GameStop's price even higher.

https://www.tradingview.com/chart/GME/1uFhMH6g-GME-gamestop-rally/ Open / Comment

2021-01-27 06:02:07 Open / Comment

2021-01-18 13:13:10 S&P is up from $3722 to $3768, Hit all time high at $3826. Not too significant bull run but i'm still very hopeful for 2021 to be a good year for tech stocks given the covid situation now thats still ongoing despite vaccine being released already. Recommend going into growth stocks, especially in the tech sectors.

BTC is up from $23,073 to $36,390 right now. Hit all time high at slightly over $40,000. Given the increased in adoption and the depreciation of US currency from the huge amount of printing, BTC has been looked at as a digital gold that people can hedge themselves with. The increase in demand has driven up the price significantly and we might potentially see each BTC at $50,000 this year. That said, which every rapid rally, keep a look out for retracement because it will be a huge retracement once the market is reversed. Open / Comment

2020-12-28 21:33:55 Open / Comment

2020-12-18 13:54:51 S&P 500 is still climbing and currently up from $3666 to $3722 from my previous post. Bitcoin is up from $19,445 to $23,073 from my previous post as well.

Wall Street's three main indexes closed at record highs on Thursday as investors grew more optimistic about a coronavirus stimulus bill, helping markets look past signs of economic strain brought on by the COVID-19 pandemic. The stimulus is expected to be approximately the size of $900 billion and similar to the previous stimulus announcement, it tends to help rally the market. But that said, the prices now might already have factored that in.

Bitcoin finally broke out of its resistance at $20,000 and is currently at $23,000. As adoption and hype increases, more investors (both retail and institutional) are entering the market. However, for those interested to diversify their portfolio, i would only recommend entering in either Bitcoin or Ethereum as their volatility is potentially lower and their upside are higher than other alt coins in my opinion. Open / Comment

2020-12-04 07:48:20 Market has been relatively bullish across multiple asset classes like equities (stock market) and the cryptocurrency market.

In short, why cryptocurrency is becoming bullish is simply because of the increased in adoption around the world. Paypal and Square’s Cash App, according to reports, are in a race to acquire enough Bitcoin to facilitate the next generation of their money transferring services. More on-ramps, in addition to PayPal and Square, are on their way. Bitcoin in your Fidelity account. Bitcoin on the Robinhood app. Bitcoin in your bank account. Bitcoin as a default option in your payments account, etc. The barriers are crashing down as the price races higher. Visa Inc. is partnering with cryptocurrency startup BlockFi to offer a credit card that rewards purchases with Bitcoin rather than airline miles or cash.

Stock market is also doing very well as well. Although, the S&P 500 erased earlier gains and ended Thursday’s session slightly negative after a report emerged that Pfizer was contending with supply-chain issues that would impact this year’s deliveries of its COVID-19 vaccine. The Nasdaq, however, managed to eke out a record closing high. Markets have been bracing for a stimulus package for months, and many economists have baked in expectations of further fiscal stimulus into their baseline outlooks for U.S. economic activity. Open / Comment