Tag: GameStop (Page 1 of 6)

Global Head of Operations at Citadel Has a Board Seat at DTCC

Market News: Conflicts of interest arise - #CitadelScandal
Market News: Conflicts of interest arise – #CitadelScandal

David Inggs is Global Head of Operations at Citadel and is responsible for all products across asset servicing, billing, cash management, clearing, and has a board seat at the DTCC.

The conflict of interest has raised big concerns amongst the retail investor community online as Citadel has been a leading and one of the biggest short sellers in the stock market.

On January 28th, 2021, The DTCC waived $9.7 billion of collateral deposit, limiting institutional losses and limiting retail profits during the ‘meme stock’ frenzy.

The organization allowed several naked shares to flood the market prior to the massive jump in share prices only to help financial institutions in the end.

Citadel and Melvin Capital who shut down last year, lost billions during the event.

Melvin was crippled throughout 2022 from its severe losses in GameStop the year prior.

Had the DTCC not stepped in, the hedge fund would have closed that same year.

“Anyone shorting AMC or GameStop is out of their mind. Wallstreetbets is too powerful, and trying to bet against them right now is just giving them more ammo”, said Jim Cramer.

Since the halt of ‘meme stocks’, the retail community has been uncovering a variety of conflicts of interest too big to ignore.

Who is David Inggs?

David Inggs DTCC

David Inggs is Global Head of Operations at Citadel and is responsible for all products across asset servicing, billing, cash management, clearing, Collateral Management, Reconciliation & Control and Settlements and is on the Board of Directors at the DTCC.

Prior to joining Citadel, David served as Chief Operations Officer of E*TRADE where he led operations globally across Trade Execution, Global Clearing, Middle Office and Shared Services, among other functions.

David spent most of his career at Goldman Sachs, where he was a Managing Director and held numerous leadership positions over the course of a decade, including Global Head of Clearing Operations and Head of Credit Default Swaps and Equity Derivative Operations.

David also worked at Morgan Stanley, where he served as an Executive Director and Head of Global Bank Loans, in addition to work in credit derivatives and collateral management.

The Global Head of Operations at Citadel has worked for every major criminal financial institution that has been too big to face serious consequences from fraud or market manipulation in the past.

Retail investors say this is market injustice and regulators are part of the problem.

Who is the DTCC?

The DTCC (Depositary Trust and Clearing Corporation) is an American post-trade financial services company providing clearing and settlement services to the financial markets.

The DTCC processes trillions of dollars of securities on a daily basis.

As the centralized clearinghouse for various exchanges and equity platforms, the DTCC settles transactions between buyers and sellers of securities.

The information is recorded by its subsidiary, the NSCC.

After the NSCC has processed and recorded a trade, they provide a report to the brokers and financial professionals involved.

This report includes their net securities positions after the trade and the money that is due to be settled between the two parties.

Clearing corporations such as the DTCC may receive cash from a buyer and securities or futures contracts from a seller.

The clearing corporation then manages the exchange and collects a fee for this service.

The size of the fee is dependent on the size of the transaction, the level of service required, and the type of security being traded. 

Investors who make several transactions in a day can generate significant fees.

This means every naked share that has been created on the ‘short side’ has been recorded and bypassed by the DTCC/NSCC, all for a fee.

Related: Robinhood and Citadel Colluded Night Prior to Trading Restrictions

GameStopped

DTCC GME
DTCC GME Halt – GameStopped.

A press released was published advising of the circumstances that occurred during the time ‘meme stocks’ were halted.

The DTCC waived $9.7 billion of collateral deposit requirement on January 28th, 2021, limiting institutional losses and limiting retail profits.

While AMC Entertainment stock was able to surge months after the January event, GameStop shareholders were strongly affected by the halts.

Retail investors say they feel cheated from regulators who failed to let the short squeeze play out in their favor.

Conflicts of interest such as David Inggs’ involvement with Citadel and the DTCC could be seen as a detriment to market integrity.

In an interview with ‘We The Investors’, SEC Chairman Gary Gensler said one proposal they’re looking at this year involves tackling conflicts of interest in the financial markets.

Citadel processes more than 40% of retail’s orders through PFOF (payment for order flow), and with a bias towards short selling, gives the hedge fund an incredible advantage over the common investor.

Should the involvement between both Citadel and the DTCC be considered a crime?

Or is this just a coincidence?

Leave your thoughts below.

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Former Branch Chief Disappointed by SEC Meme Stock Video

SEC Meme Stock Video
Market News: The SEC attacks retail investors with propaganda

The SEC meme stock video is circulating all over social media due to its surprisingly and unprofessional attack on retail investors.

The agency was created in the 30s after the Great Crash to prevent fraud and protect retail investors from predatorial practices conducted by Wall Street.

But something happened along the way – the branch has proved to take a stance with congress in tailoring policies for financial institutions.

Who is going to protect retail investors from the corrupt?

Former SEC Branch Chief expresses her thoughts on the propaganda published by the SEC.

Let’s discuss it.

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SEC publishes Meme Stock Video

If you haven’t watched the SEC meme stock video, it’s embedded below.

SEC Meme Stock Video

The SEC published the video on their official YouTube channel where they restricted public commenting.

Former SEC Branch Chief Lisa Braganca said she was “very disappointed to see the SEC disparage investors in meme stocks as if they must have done it thoughtlessly – especially when the SEC permits most trading to take place in dark pools.”

She then tweeted, “how about a video on dark pools Gary Gensler?”

Lisa Braganca is an activist who fights for market transparency.

She’s talked on Matt Kohrs’ channel before and has done an AMA on Reddit’s r/Superstonk answering questions about self-regulatory regulations, SEC regulation, and SEC enforcement.

Gary Gensler admitted in a Bloomberg exclusive 90%-95% of retail orders don’t go through the lit exchange but failed to mention a solution to the problem.

In an interview with Jon Stewart, the SEC Chairman fails to deliver a quality and productive discussion on solving the problems in the market.

Jon Stewart described Gary Gensler as a sheriff in town that allows blatant corruption to occur.

For Gary, it’s clear it’s more about keeping the job rather than creating a legacy.

Activism Matters

wallstreetbets

The SEC’s meme stock video might try to portray retail investors as young and clueless novice investors.

But that’s far from who the retail community is.

Retail investors outsmarted hedge funds, exposed the corruption in the SEC, mainstream media, and are now attacking with this propaganda.

It’s a sign of weakness.

The retail community is made up of a very diversified group of people all fighting for the same cause.

And this is a threat to corporate media and powerful institutions.

Republicans and democrats getting together to fight for market transparency, what!?

But this isn’t just about the left and right getting together to combat corruption, it’s a global movement – and opps (opposers) don’t like this.

Trey made a great point when he stated why doesn’t the SEC tackle the problems that created meme stocks in the first place:

  • PFOF
  • Off exchange trading
  • Prime brokers
  • Arbitrage
  • Naked shorting
  • Derivative leverage
  • Etc.

Activism matters.

Retail investors must continue to raise awareness of these issues despite the propaganda.

SEC Spent $460K on “Investomania Meme Stock” Ad

The SEC spent nearly half a million dollars on the ‘meme stock’ ad campaign that ridiculed millions of retail investors.

A Twitter user had sent in a FOIA application inquiring about the costs to produce “Investomania”, the video published on the SEC’s official YouTube channel.

The agency that was established in the early 1930s to protect retail investors took a shot at millions of investors who participated in the ‘meme stock’ frenzy.

Former SEC Branch Chief Lisa Braganca stated she was “very disappointing to see SEC disparage investors in meme stocks as if they must have done it thoughtlessly”.

“Especially when the SEC permits most trading to take place in dark pools… how about a video about dark pools @GaryGensler?”

And retail investors continue to hold this one against the agency, even in 2023.

What are your thoughts?

The SEC has ignored retail’s cry for help, and now they’ve made fun of the community with the meme stock video.

Did this unprofessionalism in our government surprise you?

I’d love to learn what you think.

Leave your thoughts in the comment section of the blog below.

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Related: Ken Griffin Attacks: "Pension Plans Destroyed by Retail Investors"

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Big Reddit Stocks Worth Putting on Your Watchlist This Year

Reddit Stocks 2023
Here are 7 Reddit stocks you’ll want to keep an eye out on in 2023.

Reddit stocks have become more and more popular as we saw penny stocks such as GameStop (GME) and AMC Entertainment (AMC) explode to all-time highs during the ‘meme stock’ frenzy two years ago.

In late January of 2021, GameStop shares rose to nearly $500 before getting halted.

At the same time, AMC Entertainment stock had risen from $2.50 to $22 per share only to peak at $72 five months later in June.

Since then, investors have been wanting to find the next BIG Reddit stocks that might just have the potential to yield +1,000% (thousands) in percentage gains.

While there are never any guarantees, here are 7 Reddit stocks gaining traction that are worth putting on your watchlist this year.

  1. Mullen Automotive (MULN): Analysts are predicting massive growth in 2023 with signs pointing towards a short squeeze.
  2. Tesla (TSLA): The growth stock is amongst the most discussed stocks on Reddit; perfect for long-term value investors.
  3. AMC Entertainment Holdings, Inc. (AMC): AMC’s short interest is still high and more than 93% of shareholders continue to hold the stock this year.
  4. GameStop (GME): More shareholders are direct registering their shares this year to limit shorting in the company stock and trigger price action from mere buying pressure.
  5. Amazon (AMZN): Despite a slowing economy, Amazon plans to invest billions of dollars in theatrical film releases and compete with Paramount Pictures.
  6. Warner Bros. Discovery (WBD): Goldman Sachs and Bank of America highlight an attractive “risk/reward” profile, with the former designating the firm its “favorite media stock.”
  7. Alibaba Group Holding Limited (BABA): Restrictions overseas are easing, and analysts are forecasting Alibaba to soar nearly 100% this year.

Mullen Automotive (MULN)

Mullen Automotive (NASDAQ:MULN) become one of Reddit’s trending stocks when a case study found that analysts are predicting shares to rise more than +7,000% by the end of the year.

Shares are currently trading around $0.37 but experts say favorable news during the company’s earnings report sometime in February has the potential to trigger a short squeeze.

Analysts predict shares of the automotive company to soar as high as $24 per share by the end of 2023.

Call options have decimated the number of put options on Webull by more than 96%.

Best of all, out of 173 financial institutions investing in Mullen Automotive, only 1 is short with 172 being long.

Share price at time of original publication 1/11: $0.40

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Tesla (TSLA)

Trending Reddit Stocks 2023.
Trending Reddit Stocks 2023.

Tesla (NASDAQ:TSLA) stock continues to be one of the most trending stocks on Reddit.

Tesla reported 1.31 million deliveries in 2022, a growth of 40% over the previous year.

In the fourth quarter, Tesla reported deliveries of 405,278 vehicles and production of 439,701 vehicles.

That brings Tesla’s 2022 full year deliveries to around 1.31 million vehicles.

In 2021, Tesla reported 308,600 vehicle deliveries in the fourth quarter, and full-year deliveries of around 936,172 vehicles.

Dan Raju, CEO of Tradier, a brokerage platform says, “if and when a market bottom emerges in the first half of 2023, we’d be looking to technology as a fantastic long-term opportunity, given the heavy drawdowns since late 2021.”

Given Tesla’s current low prices, investors all over Reddit stock forums can’t keep it off their watchlist.

Share price at time of original publication 1/11: $123.28

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AMC Entertainment Holdings, Inc. (AMC)

AMC (NYSE:AMC) currently has a high short interest of over 21% according to Fintel.

Company shares seem to have bottomed out around the $4-$4.50 range and shareholders are still holding.

A poll of nearly 4,000 market participants found that more than 93% of shareholders continue to hold their shares or plan to hold in 2023.

The AMC community known as ‘apes’ are determined AMC Entertainment stock will break its current all-time high record by squeezing short sellers again.

Not only does the community have the numbers, but the short interest is the same from 2021 levels when AMC soared to $72 per share.

Although company fundamentals have strongly improved over the past two years, 2021’s massive price surge proved fundamentals don’t necessarily have to be tied to a short squeeze play.

You can read frequently updated AMC breaking news here to stay up to date on the stock.

Share price at time of original publication 1/11: $4.71

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GameStop (GME)

GameStop (NYSE:GME) made its grand debut in January of 2021 shares rose to nearly $500 per share before ultimately getting halted.

But GME shareholders continue to innovate and find ways to re-spark that flame.

And it seems like they’re onto something.

According to GameStop, approximately 30% of GME’s float is registered with the Direct Registration System (DRS).

This equates to 71.3 million retail shares.

Furthermore, Nearly 70% of the float is owned by individual shareholders according to Vickers Stock Research.

This means nearly half of shareholders are on board so far, which is quite impressive.

While DRS certainly prevents the company from being shorted, it’s only one piece of the puzzle for a GameStop short squeeze.

Shareholders will need to create massive buying pressure next.

Share price at time of original publication 1/11: $18.72

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Amazon (AMZN)

Amazon (NASDAQ:AMZN) is reportedly planning to compete with Paramount Pictures in a new venture involving the movie theatre industry.

Last year, experts said Netflix missed out on $200 million in revenue by taking Glass Onion out of movie theatres too early, earning only $15 million.

Amazon.com Inc. will be investing billions of dollars to produce movies that will release in theatres, according to people familiar with the company’s plans.

This is the largest commitment to the movie theatre industry by an internet company, says Bloomberg.

The fact is people are still enjoying the theatrical experience only movie theatres can provide.

And Amazon plans to use the movie theatre industry to its advantage.

Amazon Prime video may potentially pre-release some of these films to subscribers, which could bring in more online streaming customers to the company as well.

Share price at time of original publication 1/11: $93.96

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Warner Bros. Discovery (WBD)

Warner Bros. Discovery (NASDAQ:WBD) rose more than 31% in the first week of 2023 after Wall Street analysts upgraded the company with a modest 63% upside for the year.

“We estimate that WBD is best positioned to drive EBITDA growth, ramp free cash flow and delever its balance sheet in 2023 as it pursues $3.5 billion of merger synergies and relaunches its flagship streaming service,” said Goldman Sachs analyst Brett Feldman.

Meanwhile, Bank of America analyst Jessica Reif Ehrlich reiterated her “buy” rating and $21 price objective on the stock, while adding it to her company’s so-called “U.S. 1 list” of “best investment ideas.”

The Bank of America expert also highlighted positive trends and potential catalysts ahead. “It already appears January advertising trends have improved sequentially (albeit off a modest base) from December levels, and comps would ease as the year progresses,” she wrote.

On Reddit, Warner Bros. Discovery has been discussed amongst the r/wallstreetbets community and several other stock and investing sub-channels.

Share price at time of original publication 1/11: $12.70

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Alibaba Group Holding Limited (BABA)

Trending Reddit Stocks 2023.
Trending Reddit Stocks 2023.

Alibaba (NASDAQ:BABA) is another Reddit stock that was recently added to Goldman Sachs conviction ‘buy’ list.

Analysts say shares may rise more than 25% this year.

As part of its Nov. 17 earnings report, which showed adjusted profit up 5% year over year to $1.82 a share but revenue down 6% to $29.1 billion, BABA said it’s increasing its share buyback program by $15 billion, on top of an existing $25 billion program.

As of Nov. 16, the company said it already repurchased $18 billion worth of stock under its existing program.

Alibaba’s Composite Rating of 85 (on a scale of 1-99 with 99 being the best) has improved significantly due to the stock’s relative price strength.

The current consensus among 59 polled investment analysts is to buy stock in Alibaba.

Analysts are giving BABA a low of $74.35, mid of $142.70, and high of $220.61.

Share price at time of original publication 1/11: $114.50

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What Other Reddit Stocks Are You Watching?

Reddit Stocks 2023

What other Reddit stocks do you have on your watchlist?

Do you already own any of these trending stocks on this list?

Leave a comment down below.

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How Bloomberg’s Beloved Citadel Securities Manipulates the Market

Market News: Here's how Bloomberg's beloved Citadel Securities manipulates the stock market.
Market News: Here’s how Bloomberg’s beloved Citadel Securities manipulates the stock market.

Citadel Securities is a leading financial institution known for its expertise in electronic trading and market making.

However, the company has also been embroiled in controversy surrounding allegations of manipulation in the markets.

In this article, we will explore the history of Citadel Securities and the accusations of market manipulation that have been levied against the company.

We will also examine the potential consequences of such behavior, both for Citadel Securities and for the broader financial industry.

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How Does Citadel Securities Manipulate the Stock Market?

How does Citadel Securities manipulate the stock market?
How does Citadel Securities manipulate the stock market?

Citadel LLC was founded in 1990 while Citadel Securities was founded in 2002 by Ken Griffin.

Citadel Securities is a leading global market maker that provides liquidity to financial markets.

The company is known for its use of advanced technology and quantitative strategies to facilitate price discovery and drive market efficiency.

However, Citadel Securities has also been accused of manipulating financial markets in order to gain an unfair advantage.

Here are 5 ways Citadel Securities manipulates the stock market.

#1. High Frequency Trading (HFT)

One example of Citadel Securities’ alleged market manipulation is its use of high-frequency trading (HFT) algorithms.

HFT algorithms are designed to execute trades at extremely high speeds, often in fractions of a second.

This allows Citadel Securities to react to market movements faster than other traders and potentially gain an unfair advantage.

Critics argue that the use of HFT algorithms allows Citadel Securities to manipulate prices by quickly buying or selling large volumes of securities, which can create artificial demand or supply and move prices in their favor.

#2. Dark Pools

Another area where Citadel Securities has faced accusations of manipulation is in the realm of dark pools.

Dark pools are private stock exchanges that allow traders to buy and sell securities without revealing their identities or the details of their trades.

This can create a lack of transparency, making it difficult for regulators to monitor market activity and prevent manipulation.

Citadel Securities operates a number of dark pools and has been accused of using these platforms to engage in insider trading and other forms of market manipulation.

In addition to its use of HFT algorithms and dark pools, Citadel Securities has also been criticized for its role in the flash crash of 2010.

On May 6, 2010, the Dow Jones Industrial Average plunged nearly 1,000 points in a matter of minutes, before quickly recovering.

The cause of the flash crash was traced to a large sell order that was executed by Citadel Securities, which many believe was done intentionally to trigger a market panic.

Critics argue that Citadel Securities exploited the vulnerabilities of the market in order to profit from the flash crash.

#3. Spoofing

Another tactic that Citadel has been accused of using is spoofing, which involves placing a large number of fake orders in the market with the intention of tricking other traders into thinking there is more demand or supply than there actually is.

This can cause prices to move in the desired direction, allowing Citadel to profit from the manipulation.

In 2015, Citadel was one of several firms that were fined by the U.S. Commodity Futures Trading Commission for engaging in spoofing.

In December of 2022, a Biotech company researching cancer has decided to sue Citadel Securities for spoofing their stock.

#4. “Front Running”

Citadel has also been accused of engaging in “front-running” – a practice in which traders use inside information to gain an unfair advantage in the market.

In 2013, the company was sued by the New York Attorney General for front-running, but the case was later settled out of court.

Despite these controversies, Citadel remains a major player in the financial world.

Its use of algorithms and high-frequency trading has made it incredibly successful, but it has also raised concerns about the potential for market manipulation.

One of the key reasons for Citadel’s success is its ability to manipulate the markets to its advantage.

This is done through a variety of strategies, including high-frequency trading, where the firm uses powerful computer algorithms to make trades at incredibly fast speeds.

This allows Citadel to take advantage of even the slightest market movements and make a profit.

Related: Biotech Company Suing Citadel Over Market Manipulation

#5. Derivatives

Another way in which Citadel manipulates the markets is through the use of complex financial instruments known as derivatives.

These are financial contracts that derive their value from an underlying asset, such as a stock or a bond.

Citadel uses derivatives to speculate on the future value of these assets, and to hedge against potential losses.

This allows the firm to make huge profits even in volatile market conditions.

Despite its impressive track record and reputation, Citadel Securities has faced allegations of manipulation in recent years.

In particular, the company has been accused of using its dominant market position to manipulate prices and engage in other forms of misconduct.

These allegations have led to significant scrutiny from regulators, authorities, but primarily by retail investors who are concerned about the impact of such practices on the integrity of financial markets.

Related: Here’s How FINRA Has Failed Retail Investors

Leave your thoughts below

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GameStop Stock: Big Year in 2023?

Market News: What is happening with GameStop stock in 2023?
Market News: What is happening with GameStop stock in 2023?

GameStop stock is one of the few companies who actually crushed in during the bear market in 2022.

The stock, currently trading at $18.40, amassed worldwide attention in 2021 when the ‘meme stock’ frenzy took Wall Street by surprise.

Today, GameStop has one of the most raving fanatics and shareholder base which without a doubt are the backbone of the company.

How much of GME’s float is owned by retail investors?

Approximately 70% of the float is owned by individual shareholders according to Vickers Stock Research.

GameStop retail ownership

GameStop’s Chair Ryan Cohen himself owns more than 12% of GME shares.

These are held through Ryan’s holding company RC Ventures, which Vickers considers to be Institutional ownership.

So, where is GameStop headed in 2023?

Let’s break down some important figures to determine just that.

Where is GameStop Headed in 2023?

where is GameStop headed in 2023?

2022 was another memorable year for GameStop.

Under Chairman Ryan Cohen and CEO Matt Furlong, it was the first year of the implementation of the company’s turnaround plan, which aimed to transform GameStop into a tech-oriented business.

This consisted of investment initiatives in e-commerce, an NFT marketplace, and Web 3.0 gaming.

But the company needs to focus on raising more capital despite its $1bn cash pile and having virtually no debt.

GameStop’s quarterly cash burn averaged at $400 million per quarter throughout 2022.

This means that if the company’s operating cash flow remains at similar levels next year, GameStop’s balance sheet could run out of cash in the next two years.

Over the last four quarters, GameStop’s sales have grown only by 1.3%.

Still, what made 2022 so significant for GameStop is the reporting of positive cash flow for the first time since Q1 of 2021.

Cashflow came in at $177.3 million this year compared to an outflow of $293.7 million last year.

This is already great news for GameStop going into 2023.

In 2023, GME stock will remain popular amongst retail investors, primarily due to the massive community of shareholders who are looking to take GameStop shares to the moon.

During the spark of the ‘meme stock’ frenzy, GameStop shares rose to $483 per share, a superior all-time high.

But shareholders are not convinced the stock is done running.

In fact, many GME shareholders believe share prices may skyrocket to new records, primarily due to overleveraged shorting in GameStop.

According to GameStop, shareholders registered 71.8 million shares via the transfer agent.

This equates to a massive 30% of GameStop’s total float – something that’s very unlikely in the markets.

Transfer agents can’t lend shares for short sellers who want to bet against GameStop.

The high number of market participants taking this action signifies that retail investors are here to stay.

Final thoughts

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Join the newsletter below for more market news and updates.

2023 opens up new possibilities for GameStop as e-commerce, NFTs, and Web 3.0 gaming continues to grow.

While the company may benefit from arming itself with more short-term capital, GameStop enters the new year with positive cash flow, an incredible start for the company as many continue to struggle.

Even at a fundamental level, analysts are predicting GameStop stock to rise significantly higher next year.

But I’m curious to know your thoughts on where GameStop stock is going in 2023.

Leave your thoughts down below.

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COSM Short Squeeze: Latest News and Short Interest Update

COSM Short Squeeze News
Market News: COSM Short Squeeze News + More.

Cosmos Health Inc. (COSM) stock closed the trading day on Tuesday at $4.40.

Liquidity in the security fell massively from its average trading volume of 60 million.

COSM stock fell more than -31% on Tuesday alone and is currently down -95.31% this year-to-date.

Our current bear market has dragged several companies down and Cosmos Health Inc. is no exception.

Just two weeks ago the stock surged from $0.30 to more than $23.

The stock has come down drastically since, but shareholders say the stock is not done moving.

There seems to be growing ambitions of creating a short squeeze here due to the extremely high short interest.

Here’s the latest COSM stock news and updates.

COSM Short Interest Today: Will COSM Squeeze?

COSM Short Interest Today

Fintel is reporting COSM’s short interest today at a whopping 61.34%, data per FINRA.

Just weeks ago, COSM stock had a short interest of 321.74%.

The massive surge from $0.30 to $23 and drop in short interest suggests there are shorts who have closed their positions.

But like AMC Entertainment stock, (when it first surged to $22) there is a lot of short interest remaining.

AMC’s share price had cooled following the events of the first price surge in late January of 2021.

Five months later, retail investors were able to squeeze more short sellers out of their positions, taking AMC from $14 per share to its current all-time high of $72 per share.

Will the same happen with Cosmos Health?

If there’s anything the current bear market has proved it’s that there is much that is uncertain.

However, due to COSM’s residual high short interest, the probability of a larger short squeeze is certainly there.

Related: How to Invest in The Stock Market for Beginners

What Triggers a Short Squeeze?

COSM Short Squeeze

Just as we saw with AMC Entertainment stock and GameStop, lots of buying volume is what triggers a short squeeze.

But investors beware, failing to take profits during massive runs could result in holding great losses.

We’ve seen this occur in many communities.

Lack of timely information has also proven to be detrimental to late buyers.

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Are you holding COSM stock?

Leave your thoughts below on where you think COSM stock is headed.


Report: Only 1% of Retail Investors Plan to Sell in 2023

Market News: Finimize reports only 1% of retail investors plan to sell in 2023.
Market News: Finimize reports only 1% of retail investors plan to sell in 2023.

Only 1% of retail traders plan to sell off their investments in 2023, according to a survey from Finimize, while 65% will continue investing and 29% plan to add to their portfolios.

The survey of over 2,000 retail investors across Europe, Asia and the U.S., found that over 80% think the worst of the stock market rout will be over within six months, says CNBC.

The majority (72%) of the traders plan to back individual stocks next year, with 64% favoring Big Tech names like Apple, Microsoft, Google and Meta.

Even the AMC and GameStop communities continue to stay bullish on these companies.

In 2023, most individual investors plan to invest the same amount or more despite the cost-of-living crisis, according to a new survey from London-based investing insights platform Finimize.

“This data is proof that even in the current market environment, the majority are seeing volatility simply as part of the economic cycle thanks to access to information and growing experience with investing,” said Max Rofagha, Finimize’s CEO, in a press statement Wednesday.

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Retail Investors Aren’t Planning on Selling

A very big portion of retail investors aren’t phased by this year’s bear market and plan to grow their holding leading into 2023.

The survey done by Finimize shows 38% of retail investors also plan to invest in crypto, even amid the fallout from the collapse of Sam Bankman-Fried’s crypto exchange FTX.

About 56% of traders believe that bitcoin will be higher, vs. 44% who think it will trade lower.

The retail investment community is set to account for 61% of all assets under management globally by 2030, up from 52% in 2021, according to wealth management strategy consulting firm Indefi.

But Finimize believes retail investors won’t have the influence they did during the ‘meme stock’ frenzy in 2021.

Meme stocks 2023
Finimize on ‘Meme Stocks’ in 2023.

But being part of this incredible community made up of millions of investors buying AMC and GameStop, I’m not sure I agree with Finimize.

These retail investors are looking to replicate the events that occurred in 2021 when AMC and GameStop both reached all-time highs.

Will You Be Buying, Holding, or Selling in 2023?

Investing in 2023
Only 1% of Retail Investors plan to sell in 2023 according to a report by Finimize.

Will you buy buying stocks, holding, or selling in 2023?

I’m curious to know your sentiment on the markets for next year.

Leave your thoughts in the comment section down below.

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Source(s): CNBC


These Hedge Funds Have Been Wiped Out in 2022

Market News: These Hedge Funds have been underperforming all year | Frankenz.com.
Market News: These Hedge Funds have been underperforming all year | Frankenz.com.

Which hedge funds have been underperforming in 2022?

Hedge fund Tiger Global Management is down -54% for the year despite gaining 1.4% in November according to Bloomberg sources.

Persons familiar with the matter say the firm’s long-only fund rose 5.1% in November.

The hedge fund has been on a steady decline all year.

In April, the firm sunk -34% after a bad run that was fueled by massive bets on stocks that have been hammered, such as fast-growing tech companies in the U.S and China.

Tiger Global lost -7% last year, its first annual drop since 2016 and its third total.

Tiger Global Losses 2007-2021 | Sources: Bloomberg News, Curated by Franknez.com.
Tiger Global Losses 2007-2021 | List of Underperforming Hedge Funds – Sources: Bloomberg News, Curated by Franknez.com.

CEO Chase Coleman’s personal wealth dropped by $1.3 billion early this year, according to calculations by the Bloomberg Billionaires Index. 

But Tiger Global isn’t the only hedge fund that is underperforming in 2022.

Here are other hedge funds facing significant losses in 2022.

Which hedge funds have been losing money this year?

List of worst performing hedge funds in 2022 | Franknez.com.
List of worst performing hedge funds in 2022 – Underperforming Hedge Funds | Franknez.com.

Tiger Global Management and Whale Rock Capital Management were among stock-picking hedge funds to report significant losses in 2022.

In September, Tiger Global saw losses as high as -66.5%, per Bloomberg.

Whale Rock widened its losses to -41%.

A report conducted in March concluded that almost 80% of active hedge fund managers are underperforming major indexes such as the S&P 500.

Which hedge funds have been underperforming?

Below is a list of other hedge funds underperforming in 2022.

Other hedge funds include:

  • Light Street Capital Management -50%
  • Maverick Capital -27%
  • Third Point -21.10%

Melvin Capital closed its doors in June of 2022 after it failed to make up for significant losses after it had bet against GameStop.

Anchorage Capital is another hedge fund that closed after betting against another ‘meme stock’, AMC Entertainment Holdings, Inc.

It closed its doors after 18 years when it could no longer provide their clients with the ability to withdraw their capital.

Hedge funds are heading for one of their worst years of performance on record, leaving investors frustrated with how many managers have failed to offset sharp falls in equity and bond markets,” says Financial Times.

It’s only a matter of time before we begin to see more hedge funds close their doors leading into 2023.

But I’d love to hear your thoughts.

Leave a comment down below.

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Yahoo Lists AMC and GameStop in Mark Cuban’s Portfolio

Mark Cuban AMC and GameStop
Market News: Does Mark Cuban own AMC or GameStop shares?

Yahoo Finance just published 10 stocks to buy now tied to Mark Cuban’s portfolio.

AMC and GameStop are two retail favorites listed on Yahoo’s list (below).

Mark Cuban jumped on WallStreetBets to do an AMA last year after the ‘meme stock’ frenzy first occurred in late January of 2021.

“If you can afford to hold the stock, you hold. I don’t own it, but that’s what I would do.

Why? because when RH and the other online brokers open it back up to buyers, then we will see what WSB is really made of. That is when you get to make it all work.

I have no doubt that there are funds and big players that have shorted this stock again thinking they are smarter than everyone on WSB.

I know you are going to hate to hear this, but the lower it goes, the more powerful WSB can be stepping up to buy the stock again. The only question is what broker do you use. Do you stay with RH, who is going to have the same liquidity problems over and over again, or do you as a group find a broker with a far, far, far better balance sheet that won’t cut you off and then go ham on Wall Street.”

Now, although Yahoo Finance listed both AMC and GameStop tied to Mark Cuban’s stock portfolio, he said in the AMA that he does not own them.

He mentioned to CNBC later that his son did trade AMC and Blackberry.

Mark Cuban on the SEC

Mark Cuban on the SEC

Mark Cuban and Elon Musk have been two billionaires that have blatantly spoken out against the SEC.

Since its inception, the SEC has sworn to protect retail investors but has only proven to be complicit to market injustices.

An out of touch Gary Gensler has made it rather clear that keeping his job is more important than actually enforcing the law.

Here’s what Mark Cuban had to say about the SEC:

“The SEC is a mess. I wouldn’t trust them to do the right thing ever. It’s an agency built by and for lawyers to be lawyers and win cases rather than do the right thing

If the SEC gave a shit about ANYONE other than Wall Street you would be able to go there right now and read bright line guidelines about insider trading, shorting, what is a pump and dump, what are the rules for cutting off the purchase of stocks like happened with GME et al

But they won’t. They would rather litigate to regulate, which means they love to sue people in order to create new legal precedents.

All you need to know about the SEC and how badly they want to fuck the little guy is that they have the option of using JUDGES THAT WORK FOR THE SEC when they sue you rather than you have the option to have jury of your peers in front of a judge that is independent. Thats how bad the SEC is. If you want fair markets that doesn’t benefit Wall Street call your local politician and show them this.”

You can view Yahoo Finance’s list here.

Related: AMC’s Short Interest Rises to 21.64%

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Billionaire Investor Carl Icahn Bets Against GameStop

Carl Icahn Short on GameStop
Stock Market News: Carl Icahn is short on GameStop shares.

Billionaire investor Carl Icahn began shorting GameStop during the height of the ‘meme stock’ frenzy around January of 2021.

Carl Icahn still holds a large short position in GME stock, according to people familiar with the matter.

Icahn started building the short position when GameStop was trading near its peak of $483 per share and still holds a large bet against the retailer’s shares, said people, asking not to be named due to the matter being private.

The billionaire investor who has added to his position from time to time is betting that GameStop’s stock isn’t trading on its fundamentals and will continue to fall, insiders said.

Here’s the latest GameStop news.

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Ryan Cohen Posts Picture with Carl Icahn

GameStop chairman Ryan Cohen posted a picture with Carl Icahn in October which many shareholders anticipated as bullish future news.

People began to speculate Carl Icahn was going to buy GameStop shares.

Little did shareholders know that the multi-billionaire investor has been betting against GameStop since the beginning of the ‘meme stock’ frenzy, per Bloomberg.

At the time of the photo, neither individual confirmed that Icahn would take a stake in the retailer.

In January 2021, Ryan Cohen was appointed Chairman of the video game retailer.

As of March 22, he owns a total of 36.4 million shares of GameStop through his investment firm, RC Ventures, making him the largest shareholder.

GameStop shares closed at $25.16 on Monday, down -8.84% on the day.

Related: Shareholders Are Preparing for An AMC Short Squeeze

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