Fishstar personal page - To The Moon

Fishstar

Fishstar

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2021-06-08

$Zomedica Pharmaceuticals Corp.(ZOM)$[Miser] [Miser]

2021-06-18

$Zomedica Pharmaceuticals Corp.(ZOM)$Dun drop!!!!

2021-06-22

$OVERSEA-CHINESE BANKING CORP(O39.SI)$After I bought it starts dropping ?

2021-02-17

$BlackBerry(BB)$????

2021-07-28

$OVERSEA-CHINESE BANKING CORP(O39.SI)$[Shy] [Shy] [Shy]

2021-06-09

Comment

Why This Millennial Is Rage-Buying AMC and Crypto

2021-03-17

$Lion-OCBC Sec HSTECH S$(HST.SI)$

2021-03-11

$Nokia Oyj(NOK)$Static for quite long?

2021-08-12

$Lion-OCBC Sec HSTECH S$(HST.SI)$When will you back to 1.8

2021-07-26

$Lion-OCBC Sec HSTECH S$(HST.SI)$Will it drop below 1…..?

2021-07-14

$Zomedica Pharmaceuticals Corp.(ZOM)$[Cry] [Cry] [Cry]

2021-06-11

$Aikido Pharma Inc.(AIKI)$[Cry]

2021-03-19

$Zomedica Pharmaceuticals Corp.(ZOM)$why you drop again

2021-03-10

$BlackBerry(BB)$Still???

2021-07-04

$Zomedica Pharmaceuticals Corp.(ZOM)$[Cry]

2021-06-10

$Lion-OCBC Sec HSTECH S$(HST.SI)$[Sweats] [Sweats] [Sweats]

2021-06-04

$Zomedica Pharmaceuticals Corp.(ZOM)$[Miser] [Miser]

2021-05-28

$Zomedica Pharmaceuticals Corp.(ZOM)$up up up

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yet?","images":[{"img":"https://static.tigerbbs.com/528b4a0544114be528b40007bb343b16","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/142267657","isVote":1,"tweetType":1,"viewCount":243,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":155393624,"gmtCreate":1625373200368,"gmtModify":1703740980768,"author":{"id":"3571619977128012","authorId":"3571619977128012","name":"Fishstar","avatar":"https://static.tigerbbs.com/4dcb857199a44865df294f3b2a88a464","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571619977128012","authorIdStr":"3571619977128012"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ZOM\">$Zomedica Pharmaceuticals Corp.(ZOM)$</a>[Cry]&nbsp;","listText":"<a href=\"https://laohu8.com/S/ZOM\">$Zomedica Pharmaceuticals Corp.(ZOM)$</a>[Cry]&nbsp;","text":"$Zomedica Pharmaceuticals 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drop further or rise further? ?","text":"$OVERSEA-CHINESE BANKING CORP(O39.SI)$Could you drop further or rise further? ?","images":[{"img":"https://static.tigerbbs.com/3d9e98c867f610dc6a3e47f3066c58a8","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153464180","isVote":1,"tweetType":1,"viewCount":230,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":129187516,"gmtCreate":1624365361835,"gmtModify":1703834456401,"author":{"id":"3571619977128012","authorId":"3571619977128012","name":"Fishstar","avatar":"https://static.tigerbbs.com/4dcb857199a44865df294f3b2a88a464","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571619977128012","authorIdStr":"3571619977128012"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/O39.SI\">$OVERSEA-CHINESE BANKING CORP(O39.SI)$</a>After I bought it starts dropping ?","listText":"<a href=\"https://laohu8.com/S/O39.SI\">$OVERSEA-CHINESE BANKING CORP(O39.SI)$</a>After I bought it starts dropping ?","text":"$OVERSEA-CHINESE BANKING CORP(O39.SI)$After I bought it starts dropping ?","images":[{"img":"https://static.tigerbbs.com/8a0cc4afc8645fcf8b2e99747ab3a1b9","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/129187516","isVote":1,"tweetType":1,"viewCount":608,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3582001055198315","authorId":"3582001055198315","name":"kerestia","avatar":"https://static.tigerbbs.com/8be79e7432a13721035715b6d0e10adc","crmLevel":2,"crmLevelSwitch":0,"idStr":"3582001055198315","authorIdStr":"3582001055198315"},"content":"friend, the trend line is going downwards now la, so confirm will not be seeing profit for awhile.","text":"friend, the trend line is going downwards now la, so confirm will not be seeing profit for awhile.","html":"friend, the trend line is going downwards now la, so confirm will not be seeing profit for awhile."}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":166558865,"gmtCreate":1624019399558,"gmtModify":1703826694662,"author":{"id":"3571619977128012","authorId":"3571619977128012","name":"Fishstar","avatar":"https://static.tigerbbs.com/4dcb857199a44865df294f3b2a88a464","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571619977128012","authorIdStr":"3571619977128012"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ZOM\">$Zomedica Pharmaceuticals Corp.(ZOM)$</a>Dun drop!!!!","listText":"<a href=\"https://laohu8.com/S/ZOM\">$Zomedica Pharmaceuticals Corp.(ZOM)$</a>Dun drop!!!!","text":"$Zomedica Pharmaceuticals Corp.(ZOM)$Dun drop!!!!","images":[{"img":"https://static.tigerbbs.com/875cdbd981fd1d8a5b05a14f18e4b2f3","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/166558865","isVote":1,"tweetType":1,"viewCount":556,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3568774986804214","authorId":"3568774986804214","name":"Dylan5415","avatar":"https://static.tigerbbs.com/7237487a61be1e7c11ddfb77f9552111","crmLevel":2,"crmLevelSwitch":0,"idStr":"3568774986804214","authorIdStr":"3568774986804214"},"content":"can't up so much","text":"can't up so much","html":"can't up so much"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":188969708,"gmtCreate":1623419556404,"gmtModify":1704203164337,"author":{"id":"3571619977128012","authorId":"3571619977128012","name":"Fishstar","avatar":"https://static.tigerbbs.com/4dcb857199a44865df294f3b2a88a464","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571619977128012","authorIdStr":"3571619977128012"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AIKI\">$Aikido Pharma Inc.(AIKI)$</a>[Cry]&nbsp;","listText":"<a href=\"https://laohu8.com/S/AIKI\">$Aikido Pharma Inc.(AIKI)$</a>[Cry]&nbsp;","text":"$Aikido Pharma Inc.(AIKI)$[Cry]","images":[{"img":"https://static.tigerbbs.com/c57c024afd510de780eafcd4500297d6","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/188969708","isVote":1,"tweetType":1,"viewCount":375,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":183586143,"gmtCreate":1623335989082,"gmtModify":1704201250090,"author":{"id":"3571619977128012","authorId":"3571619977128012","name":"Fishstar","avatar":"https://static.tigerbbs.com/4dcb857199a44865df294f3b2a88a464","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571619977128012","authorIdStr":"3571619977128012"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>[Sweats]&nbsp;[Sweats]&nbsp;[Sweats]&nbsp;","listText":"<a href=\"https://laohu8.com/S/HST.SI\">$Lion-OCBC Sec HSTECH S$(HST.SI)$</a>[Sweats]&nbsp;[Sweats]&nbsp;[Sweats]&nbsp;","text":"$Lion-OCBC Sec HSTECH S$(HST.SI)$[Sweats] [Sweats] [Sweats]","images":[{"img":"https://static.tigerbbs.com/43ed9cea925e292b57424b660bb946ef","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/183586143","isVote":1,"tweetType":1,"viewCount":212,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":189873272,"gmtCreate":1623253150496,"gmtModify":1704199522074,"author":{"id":"3571619977128012","authorId":"3571619977128012","name":"Fishstar","avatar":"https://static.tigerbbs.com/4dcb857199a44865df294f3b2a88a464","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571619977128012","authorIdStr":"3571619977128012"},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/189873272","repostId":"1188697627","repostType":4,"repost":{"id":"1188697627","pubTimestamp":1623247497,"share":"https://ttm.financial/m/news/1188697627?lang=&edition=fundamental","pubTime":"2021-06-09 22:04","market":"us","language":"en","title":"Why This Millennial Is Rage-Buying AMC and Crypto","url":"https://stock-news.laohu8.com/highlight/detail?id=1188697627","media":"Barron's","summary":"Karl Marx would have loved Reddit. If the German philosopher were alive today, he’d be posting that ","content":"<p>Karl Marx would have loved Reddit. If the German philosopher were alive today, he’d be posting that everyone should get in on trading meme stocks and cryptocurrency. Not to get rich—though that’s a nice side benefit—but to strike back at the investor class. “It’s worthwhile running some risk in order to relieve the enemy of his money,” Marxwrote. I’m right there with you, Karl.</p>\n<p>Working-class millennials have been denied the chance to build generational wealth over the course of our professional careers. Many of us are risking what little we have left as a way of raging against a machine we feel is rigged against us. And we’re following in Marx’s footsteps.</p>\n<p>After a friend died in 1864, Marx received £820 in a bequest, his biographerrecounts. That comes out to roughly $151,500 today after adjusting for inflation and applying current conversion rates. Marx used a portion of his inheritance to become a financial speculator, often engaging in the same sort of penny-stock bubble schemes that the notorious WallStreetBets sub-Reddit has been accused of engaging in this year. “[Stocks] are springing up like mushrooms this year,” Marx wrote in a letter to his uncle, bragging that he had already made £400 from speculation. He added that many of his investments were typically “forced up to quite an unreasonable level and then, for the most part, collapse.”</p>\n<p>Marx’s trading stories are difficult to substantiate, but millennials’ love of meme stocks is very real. I’ve already made more this year from trading meme stocks and cryptocurrency than I have as a professional writer. I’ve come to look at the meme stock boom as millennials’ chance to finally build wealth. But if not, we’re content with making the investors largely responsible for our financial woes feel a bit of the pain they’ve inflicted on us. Short-sellers are losing their shirts to the tune of$4.5 billionon meme stocks so far.</p>\n<p>As a 34-year-old American, almost every generational stereotype applies to me. HuffPost’s Michael Hobbessummed upmillennials’ financial situation best in 2017: “My rent consumes nearly half my income, I haven’t had a steady job since Pluto was a planet and my savings are dwindling faster than the ice caps the baby boomers melted.”</p>\n<p>Perhaps because we’re the only American generation to live through two major recessions and two wars in our coming-up years, we’re the first generation to be financially worse off than our parents, despite beingbetter educatedon average. We paid for it, too. A year of college that cost $10,000 for boomers set millennials back more than $15,000 on average in inflation-adjusted dollars, according toBloomberg. Millennials of color, particularly Black millennials, have it worse. They graduated witheven more student debtthan their white classmates, arefar less likelyto be hired in white-collar professions, and their households earnjust 60%of what their white coworkers make.</p>\n<p>Millennials’ high-priced educations haven’t bought us much job security. A 2018 Gallup studycalledmillennials the “job-hopping generation.” Maybe, but not by choice. A 2019University of Chicago studyfound millennials actually long for a stable career. It should come as little surprise, then, that a generation plagued with job insecurity and mounting debt is leading the“baby bust.”The birth rate is at its lowest inthree decades. There may not be enough working-age Americans to care for the nation’s swelling senior population. Boomers effectively climbed the class ladder, then took a saw and cut off the rungs below them. (And they still ask us when we’ll give them grandchildren!)</p>\n<p>If all that doesn’t make meme stocks and cryptocurrency more appealing, at least it might help explain why some of us just don’t care any more about playing it safe. I’ll be the first to admit that investing in meme stocks isn’t a sustainable way to build wealth. A lot more of us will get hurt than get rich. But I’m not primarily investing to make money: I want the investors who crashed the economy and got bailed out in my senior year of college—thustorpedoingmy career earning potential—to feel at least a little bit of the hardship they put my generation through. And given thepredominantly millennialcomposition of /r/WallStreetBets, I know I’m not the only rage-driven investor.</p>\n<p>There’s plenty to be mad about. Like we saw withGameStop,workers organizing to make the stock market pay out in our favor results in strict blowback. After Redditors speculated GameStop shares through the roof in late January, mobile trading app Robinhood not only restricted trading, but evenreportedlysold investors’ GameStop shares without their consent. (Robinhooddeniesforced-selling occurred.) When it came to light that Robinhood had afinancial relationshipwith firms that help route its customers’ orders, it made a lot of newbie investors like me even more jaded about the markets.</p>\n<p>In March, when New York City opened movie theaters, I decided to buy AMC shares on a lark for $7 apiece. As of early June, my investment has appreciated in value by more than 550%. That could evaporate, but I’m taking a lesson from GameStop. Its stock is still trading at more than $250 per share despite starting the year under $20. I plan on continuing to hold my AMC shares in hopes the value will increase even more. When it’s finally time, I’ll sell half and re-invest my profits in cryptocurrency.</p>\n<p>When that happens, I’ll be far from the only millennial betting big on crypto. According to Business Insider, my generation ischiefly responsiblefor the sudden rise of cryptocurrency in 2021, in which both blue-chip digital currencies like Ethereum, as well as joke cryptocurrencies like Dogecoin, are thriving. Ethereum’s price has gone from $730.97 per coin on Jan. 1 to a peak of over $4,000 in May. Dogecoin hasappreciatedby more than 21,000% since its inception as a meme in 2013. (I’m still kicking myself for selling my Dogecoin when it was trading for less than 10 cents, even though I still made thousands in profit). Millennials’ commitment to crypto is now forcing the giants to play along: In March,Morgan Stanleybecame thefirst bankto offer Bitcoin funds to its wealthy clients. And as if on cue, now that the workers have made a little money in the rigged casino, U.S. regulators are reportedly preparing a “crackdown” on cryptocurrency.</p>\n<p>Millennials went through childhood being told we had to work hard to have financial security. Then we were told we had to shackle ourselves with debt to get a college degree that would get us a good job. Then we were told that only a lucky few actually build wealth from their jobs and that to have true financial success, we should invest. And then when we invested, we were told we were doing it wrong. I get the message. Millennials aren’t meant to win. Financial security isn’t for us. So if we can make a few grand by speculating penny stocks to the moon and hurt a few smug hedge fund vultures in the process, we’ll settle for that.</p>\n<p><b>Corrections &amp; Amplifications</b>: Citadel Securities is a market-maker that provides services for Robinhood, not a hedge fund. An earlier version of this commentary incorrectly reported that a subsidiary of Citadel Securities held a short position in GameStop.</p>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why This Millennial Is Rage-Buying AMC and Crypto</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy This Millennial Is Rage-Buying AMC and Crypto\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 22:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/why-im-still-rage-buying-meme-stocks-51623165336><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Karl Marx would have loved Reddit. If the German philosopher were alive today, he’d be posting that everyone should get in on trading meme stocks and cryptocurrency. Not to get rich—though that’s a ...</p>\n\n<a href=\"https://www.barrons.com/articles/why-im-still-rage-buying-meme-stocks-51623165336\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","AMC":"AMC院线","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.barrons.com/articles/why-im-still-rage-buying-meme-stocks-51623165336","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188697627","content_text":"Karl Marx would have loved Reddit. If the German philosopher were alive today, he’d be posting that everyone should get in on trading meme stocks and cryptocurrency. Not to get rich—though that’s a nice side benefit—but to strike back at the investor class. “It’s worthwhile running some risk in order to relieve the enemy of his money,” Marxwrote. I’m right there with you, Karl.\nWorking-class millennials have been denied the chance to build generational wealth over the course of our professional careers. Many of us are risking what little we have left as a way of raging against a machine we feel is rigged against us. And we’re following in Marx’s footsteps.\nAfter a friend died in 1864, Marx received £820 in a bequest, his biographerrecounts. That comes out to roughly $151,500 today after adjusting for inflation and applying current conversion rates. Marx used a portion of his inheritance to become a financial speculator, often engaging in the same sort of penny-stock bubble schemes that the notorious WallStreetBets sub-Reddit has been accused of engaging in this year. “[Stocks] are springing up like mushrooms this year,” Marx wrote in a letter to his uncle, bragging that he had already made £400 from speculation. He added that many of his investments were typically “forced up to quite an unreasonable level and then, for the most part, collapse.”\nMarx’s trading stories are difficult to substantiate, but millennials’ love of meme stocks is very real. I’ve already made more this year from trading meme stocks and cryptocurrency than I have as a professional writer. I’ve come to look at the meme stock boom as millennials’ chance to finally build wealth. But if not, we’re content with making the investors largely responsible for our financial woes feel a bit of the pain they’ve inflicted on us. Short-sellers are losing their shirts to the tune of$4.5 billionon meme stocks so far.\nAs a 34-year-old American, almost every generational stereotype applies to me. HuffPost’s Michael Hobbessummed upmillennials’ financial situation best in 2017: “My rent consumes nearly half my income, I haven’t had a steady job since Pluto was a planet and my savings are dwindling faster than the ice caps the baby boomers melted.”\nPerhaps because we’re the only American generation to live through two major recessions and two wars in our coming-up years, we’re the first generation to be financially worse off than our parents, despite beingbetter educatedon average. We paid for it, too. A year of college that cost $10,000 for boomers set millennials back more than $15,000 on average in inflation-adjusted dollars, according toBloomberg. Millennials of color, particularly Black millennials, have it worse. They graduated witheven more student debtthan their white classmates, arefar less likelyto be hired in white-collar professions, and their households earnjust 60%of what their white coworkers make.\nMillennials’ high-priced educations haven’t bought us much job security. A 2018 Gallup studycalledmillennials the “job-hopping generation.” Maybe, but not by choice. A 2019University of Chicago studyfound millennials actually long for a stable career. It should come as little surprise, then, that a generation plagued with job insecurity and mounting debt is leading the“baby bust.”The birth rate is at its lowest inthree decades. There may not be enough working-age Americans to care for the nation’s swelling senior population. Boomers effectively climbed the class ladder, then took a saw and cut off the rungs below them. (And they still ask us when we’ll give them grandchildren!)\nIf all that doesn’t make meme stocks and cryptocurrency more appealing, at least it might help explain why some of us just don’t care any more about playing it safe. I’ll be the first to admit that investing in meme stocks isn’t a sustainable way to build wealth. A lot more of us will get hurt than get rich. But I’m not primarily investing to make money: I want the investors who crashed the economy and got bailed out in my senior year of college—thustorpedoingmy career earning potential—to feel at least a little bit of the hardship they put my generation through. And given thepredominantly millennialcomposition of /r/WallStreetBets, I know I’m not the only rage-driven investor.\nThere’s plenty to be mad about. Like we saw withGameStop,workers organizing to make the stock market pay out in our favor results in strict blowback. After Redditors speculated GameStop shares through the roof in late January, mobile trading app Robinhood not only restricted trading, but evenreportedlysold investors’ GameStop shares without their consent. (Robinhooddeniesforced-selling occurred.) When it came to light that Robinhood had afinancial relationshipwith firms that help route its customers’ orders, it made a lot of newbie investors like me even more jaded about the markets.\nIn March, when New York City opened movie theaters, I decided to buy AMC shares on a lark for $7 apiece. As of early June, my investment has appreciated in value by more than 550%. That could evaporate, but I’m taking a lesson from GameStop. Its stock is still trading at more than $250 per share despite starting the year under $20. I plan on continuing to hold my AMC shares in hopes the value will increase even more. When it’s finally time, I’ll sell half and re-invest my profits in cryptocurrency.\nWhen that happens, I’ll be far from the only millennial betting big on crypto. According to Business Insider, my generation ischiefly responsiblefor the sudden rise of cryptocurrency in 2021, in which both blue-chip digital currencies like Ethereum, as well as joke cryptocurrencies like Dogecoin, are thriving. Ethereum’s price has gone from $730.97 per coin on Jan. 1 to a peak of over $4,000 in May. Dogecoin hasappreciatedby more than 21,000% since its inception as a meme in 2013. (I’m still kicking myself for selling my Dogecoin when it was trading for less than 10 cents, even though I still made thousands in profit). Millennials’ commitment to crypto is now forcing the giants to play along: In March,Morgan Stanleybecame thefirst bankto offer Bitcoin funds to its wealthy clients. And as if on cue, now that the workers have made a little money in the rigged casino, U.S. regulators are reportedly preparing a “crackdown” on cryptocurrency.\nMillennials went through childhood being told we had to work hard to have financial security. Then we were told we had to shackle ourselves with debt to get a college degree that would get us a good job. Then we were told that only a lucky few actually build wealth from their jobs and that to have true financial success, we should invest. And then when we invested, we were told we were doing it wrong. I get the message. Millennials aren’t meant to win. Financial security isn’t for us. So if we can make a few grand by speculating penny stocks to the moon and hurt a few smug hedge fund vultures in the process, we’ll settle for that.\nCorrections & Amplifications: Citadel Securities is a market-maker that provides services for Robinhood, not a hedge fund. An earlier version of this commentary incorrectly reported that a subsidiary of Citadel Securities held a short position in GameStop.","news_type":1},"isVote":1,"tweetType":1,"viewCount":216,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":180787741,"gmtCreate":1623227492883,"gmtModify":1704198768487,"author":{"id":"3571619977128012","authorId":"3571619977128012","name":"Fishstar","avatar":"https://static.tigerbbs.com/4dcb857199a44865df294f3b2a88a464","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571619977128012","authorIdStr":"3571619977128012"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AIKI\">$Aikido Pharma Inc.(AIKI)$</a>Jiayou","listText":"<a href=\"https://laohu8.com/S/AIKI\">$Aikido Pharma Inc.(AIKI)$</a>Jiayou","text":"$Aikido Pharma Inc.(AIKI)$Jiayou","images":[{"img":"https://static.tigerbbs.com/886a967c687e53276b4d0dedfab0d05c","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/180787741","isVote":1,"tweetType":1,"viewCount":251,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":117725171,"gmtCreate":1623161586493,"gmtModify":1704197416666,"author":{"id":"3571619977128012","authorId":"3571619977128012","name":"Fishstar","avatar":"https://static.tigerbbs.com/4dcb857199a44865df294f3b2a88a464","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571619977128012","authorIdStr":"3571619977128012"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ZOM\">$Zomedica Pharmaceuticals Corp.(ZOM)$</a>[Miser]&nbsp;[Miser]&nbsp;","listText":"<a href=\"https://laohu8.com/S/ZOM\">$Zomedica Pharmaceuticals Corp.(ZOM)$</a>[Miser]&nbsp;[Miser]&nbsp;","text":"$Zomedica Pharmaceuticals Corp.(ZOM)$[Miser] [Miser]","images":[{"img":"https://static.tigerbbs.com/37bc6ee0d7d30e95d57fe3f47ccef15c","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":2,"repostSize":1,"link":"https://ttm.financial/post/117725171","isVote":1,"tweetType":1,"viewCount":498,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":115723253,"gmtCreate":1623031651372,"gmtModify":1704194642180,"author":{"id":"3571619977128012","authorId":"3571619977128012","name":"Fishstar","avatar":"https://static.tigerbbs.com/4dcb857199a44865df294f3b2a88a464","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571619977128012","authorIdStr":"3571619977128012"},"themes":[],"htmlText":"like and comment","listText":"like and comment","text":"like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/115723253","repostId":"2141284552","repostType":4,"repost":{"id":"2141284552","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623027932,"share":"https://ttm.financial/m/news/2141284552?lang=&edition=fundamental","pubTime":"2021-06-07 09:05","market":"fut","language":"en","title":"Corn hits near one-month high on dry weather concerns","url":"https://stock-news.laohu8.com/highlight/detail?id=2141284552","media":"Reuters","summary":"CANBERRA, June 7 (Reuters) - U.S. corn futures rose as much as 3% on Monday, as adverse weather acro","content":"<p>CANBERRA, June 7 (Reuters) - U.S. corn futures rose as much as 3% on Monday, as adverse weather across a key U.S. growing region pushed prices to a near <a href=\"https://laohu8.com/S/AONE\">one</a>-month high. Soybeans and wheat prices also jumped.</p><p>The most-active corn futures on the Chicago Board of Trade&nbsp;rose 2.5% to $6.99-1/2 a bushel by 0039 GMT, near the session high of $7.06-1/4 a bushel - the highest since May 13.</p><p>Corn fell 1.9% in the previous session.</p><p>Analysts said corn was drawing support from hot, dry weather across the U.S. Midwest, a major producing region in the world's largest exporter.</p><p>\"The market will remain hypersensitive to these weather issues because feed grain supply is tight,\" said Tobin Gorey, director of agricultural strategy, <a href=\"https://laohu8.com/S/CBAUF\">Commonwealth Bank of Australia</a>.</p><p>Global supply estimates for corn are already shrinking amid sustained dry weather in Brazil.</p><p>Private analytics firm IHS <a href=\"https://laohu8.com/S/MRKT\">Markit</a> Agribusiness last week lowered its estimate of Brazil's 2020/21 total corn crop to 88 million tonnes, down 5 million from its previous estimate, according to an IHS client note seen by Reuters.</p><p>Soybean futures&nbsp;were up 1.8% at $16.12-3/4 a bushel, near the session high of $16.23-1/2 a bushel - the highest since May 13.</p><p>Wheat futures&nbsp;were up 1.6% at $6.98-3/4 a bushel after closing up 1.7% in the previous session.</p><p>Warm June weather after widespread rain last month is helping European wheat crops recover from a chilly, dry start to spring, keeping the region on track for a rebound from last year's disappointing harvest, analysts and traders said.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Corn hits near one-month high on dry weather concerns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCorn hits near one-month high on dry weather concerns\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-07 09:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>CANBERRA, June 7 (Reuters) - U.S. corn futures rose as much as 3% on Monday, as adverse weather across a key U.S. growing region pushed prices to a near <a href=\"https://laohu8.com/S/AONE\">one</a>-month high. Soybeans and wheat prices also jumped.</p><p>The most-active corn futures on the Chicago Board of Trade&nbsp;rose 2.5% to $6.99-1/2 a bushel by 0039 GMT, near the session high of $7.06-1/4 a bushel - the highest since May 13.</p><p>Corn fell 1.9% in the previous session.</p><p>Analysts said corn was drawing support from hot, dry weather across the U.S. Midwest, a major producing region in the world's largest exporter.</p><p>\"The market will remain hypersensitive to these weather issues because feed grain supply is tight,\" said Tobin Gorey, director of agricultural strategy, <a href=\"https://laohu8.com/S/CBAUF\">Commonwealth Bank of Australia</a>.</p><p>Global supply estimates for corn are already shrinking amid sustained dry weather in Brazil.</p><p>Private analytics firm IHS <a href=\"https://laohu8.com/S/MRKT\">Markit</a> Agribusiness last week lowered its estimate of Brazil's 2020/21 total corn crop to 88 million tonnes, down 5 million from its previous estimate, according to an IHS client note seen by Reuters.</p><p>Soybean futures&nbsp;were up 1.8% at $16.12-3/4 a bushel, near the session high of $16.23-1/2 a bushel - the highest since May 13.</p><p>Wheat futures&nbsp;were up 1.6% at $6.98-3/4 a bushel after closing up 1.7% in the previous session.</p><p>Warm June weather after widespread rain last month is helping European wheat crops recover from a chilly, dry start to spring, keeping the region on track for a rebound from last year's disappointing harvest, analysts and traders said.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2141284552","content_text":"CANBERRA, June 7 (Reuters) - U.S. corn futures rose as much as 3% on Monday, as adverse weather across a key U.S. growing region pushed prices to a near one-month high. Soybeans and wheat prices also jumped.The most-active corn futures on the Chicago Board of Trade rose 2.5% to $6.99-1/2 a bushel by 0039 GMT, near the session high of $7.06-1/4 a bushel - the highest since May 13.Corn fell 1.9% in the previous session.Analysts said corn was drawing support from hot, dry weather across the U.S. Midwest, a major producing region in the world's largest exporter.\"The market will remain hypersensitive to these weather issues because feed grain supply is tight,\" said Tobin Gorey, director of agricultural strategy, Commonwealth Bank of Australia.Global supply estimates for corn are already shrinking amid sustained dry weather in Brazil.Private analytics firm IHS Markit Agribusiness last week lowered its estimate of Brazil's 2020/21 total corn crop to 88 million tonnes, down 5 million from its previous estimate, according to an IHS client note seen by Reuters.Soybean futures were up 1.8% at $16.12-3/4 a bushel, near the session high of $16.23-1/2 a bushel - the highest since May 13.Wheat futures were up 1.6% at $6.98-3/4 a bushel after closing up 1.7% in the previous session.Warm June weather after widespread rain last month is helping European wheat crops recover from a chilly, dry start to spring, keeping the region on track for a rebound from last year's disappointing harvest, analysts and traders said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":115729707,"gmtCreate":1623031624709,"gmtModify":1704194641371,"author":{"id":"3571619977128012","authorId":"3571619977128012","name":"Fishstar","avatar":"https://static.tigerbbs.com/4dcb857199a44865df294f3b2a88a464","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571619977128012","authorIdStr":"3571619977128012"},"themes":[],"htmlText":"Go","listText":"Go","text":"Go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/115729707","repostId":"2141284528","repostType":4,"repost":{"id":"2141284528","pubTimestamp":1623028967,"share":"https://ttm.financial/m/news/2141284528?lang=&edition=fundamental","pubTime":"2021-06-07 09:22","market":"us","language":"en","title":"China’s Tech Crackdown Is Cooling Hong Kong’s IPO Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2141284528","media":"Bloomberg","summary":"(Bloomberg) -- New Hong Kong listings are tracking at their slowest pace since the aftermath of the ","content":"<p>(Bloomberg) -- New Hong Kong listings are tracking at their slowest pace since the aftermath of the global financial crisis, as weaker markets and China’s clampdown on its biggest tech firms chill sentiment.</p><p>Just seven companies have gone public in the second quarter so far -- on track for the fewest since 2009, according to data compiled by Bloomberg. The muted second-quarter activity stands in sharp contrast to the rush to go public seen last year or even at the start of 2021.</p><p>First-day performances have also struggled: May’s initial public offerings - which includes warehouse and distribution company JD Logistics Inc. and property manager Central China Management Co. - delivered the worst average debut performance in 15 months, the data show.</p><p>The cool-off comes as China slapped a record fine on Alibaba Group Holding Ltd. and ordered 34 of its largest tech companies to rectify any anti-competitive business practices. That’s making some firms more skittish about going public and investors worry about further actions from regulators. China has said the moves are to protect consumers and maintain financial stability.</p><p>“Investors are no longer comfortable paying sky-high valuations for some companies,” said Louis Tse, Hong Kong-based managing director at Wealthy Securities Ltd. “Because of the intervention of the government, some issuers will have to revise down their multiples.”</p><p>China’s top-three tech firms Tencent Holdings Ltd., Alibaba Group Holding Ltd. and Meituan have lost more than $400 billion in value from highs just four months ago. Hong Kong’s stock market tumbled into a technical correction earlier this year, dragging valuations further. The benchmark Hang Seng Index is <a href=\"https://laohu8.com/S/AONE\">one</a> of the world’s worst performers since its February high.</p><p>As a result, capital raised on the Hong Kong stock exchange this year is only half of its levels last year, impacting the city’s position as a top fundraising hub. In comparison, volume on the Nasdaq has already surpassed its 2020 number, thanks to a boom in blank-check company listings earlier this year.</p><p>To be sure, Hong Kong’s year-to-date IPO volume is still more than triple the same period last year, with nearly $23.9 billion raised. Meanwhile, the U.S. SPAC boom is fizzling out.</p><p>Growth Trap</p><p>Worries about rising inflation are also making tech firms going public a harder sell as investors dump shares with rich valuations. Beijing’s scrutiny on firms including technology and education has also forced investors to scale back earnings forecasts, investors say.</p><p>“We have seen some volatility and that has reflected on investors’ appetite, but deals that are priced appropriately will get done,” said Francesco Lavatelli, head of equity capital markets for the Asia Pacific region at JPMorgan Chase &amp; Co..</p><p>Fintech firm Bairong Inc. slumped 16% when it began trading in late March, while health-care company Zhaoke Ophthalmology Ltd. dropped 15% in late April. JD Logistics Inc., which raised $3.2 billion, closed only 3% above its offering price in its debut recently in contrast to another JD.com unit, JD Health International Inc., which surged 56% on its first day last year.</p><p>Next Blockbuster</p><p>The test for whether Hong Kong’s IPO market can stage a revival will come from some upcoming listings, which include share sales by a dairy firm and a maker of invisible teeth aligners.</p><p>Large listings include China Youran Dairy Group Ltd., backed by dairy giant Inner Mongolia Yili Industrial Group Co., as well as Betta Pharmaceuticals Co. Angelalign Technology Inc., China’s leading invisible orthodontic producer, launched an IPO of as much as $375 million on Thursday. The latter’s retail tranche was already about 674 times oversubscribed on its first day of order-taking, the Hong Kong Economic Journal reported.</p><p>Investors are also closely watching the reception to mega flotations, among them Chinese gaming giant NetEase Inc.’s music streaming arm which filed late May for a Hong Kong IPO that could raise about $1 billion.</p><p>“The market needs at least two or three blockbuster IPOs to revive the sentiment. That means you need both subscription ratio and first-day performance to surprise the market on the upside,” said Kenny Wen, Everbright Sun Hung Kai strategist. “The good days of the IPO market are not coming back yet.”</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s Tech Crackdown Is Cooling Hong Kong’s IPO Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s Tech Crackdown Is Cooling Hong Kong’s IPO Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-07 09:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/china-tech-crackdown-cooling-hong-062747765.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- New Hong Kong listings are tracking at their slowest pace since the aftermath of the global financial crisis, as weaker markets and China’s clampdown on its biggest tech firms chill ...</p>\n\n<a href=\"https://finance.yahoo.com/news/china-tech-crackdown-cooling-hong-062747765.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JDCMF":"JD.com, Inc.","QNETCN":"纳斯达克中美互联网老虎指数","09988":"阿里巴巴-W","NTES":"网易","BABA":"阿里巴巴","JD":"京东","09618":"京东集团-SW","JPM":"摩根大通"},"source_url":"https://finance.yahoo.com/news/china-tech-crackdown-cooling-hong-062747765.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2141284528","content_text":"(Bloomberg) -- New Hong Kong listings are tracking at their slowest pace since the aftermath of the global financial crisis, as weaker markets and China’s clampdown on its biggest tech firms chill sentiment.Just seven companies have gone public in the second quarter so far -- on track for the fewest since 2009, according to data compiled by Bloomberg. The muted second-quarter activity stands in sharp contrast to the rush to go public seen last year or even at the start of 2021.First-day performances have also struggled: May’s initial public offerings - which includes warehouse and distribution company JD Logistics Inc. and property manager Central China Management Co. - delivered the worst average debut performance in 15 months, the data show.The cool-off comes as China slapped a record fine on Alibaba Group Holding Ltd. and ordered 34 of its largest tech companies to rectify any anti-competitive business practices. That’s making some firms more skittish about going public and investors worry about further actions from regulators. China has said the moves are to protect consumers and maintain financial stability.“Investors are no longer comfortable paying sky-high valuations for some companies,” said Louis Tse, Hong Kong-based managing director at Wealthy Securities Ltd. “Because of the intervention of the government, some issuers will have to revise down their multiples.”China’s top-three tech firms Tencent Holdings Ltd., Alibaba Group Holding Ltd. and Meituan have lost more than $400 billion in value from highs just four months ago. Hong Kong’s stock market tumbled into a technical correction earlier this year, dragging valuations further. The benchmark Hang Seng Index is one of the world’s worst performers since its February high.As a result, capital raised on the Hong Kong stock exchange this year is only half of its levels last year, impacting the city’s position as a top fundraising hub. In comparison, volume on the Nasdaq has already surpassed its 2020 number, thanks to a boom in blank-check company listings earlier this year.To be sure, Hong Kong’s year-to-date IPO volume is still more than triple the same period last year, with nearly $23.9 billion raised. Meanwhile, the U.S. SPAC boom is fizzling out.Growth TrapWorries about rising inflation are also making tech firms going public a harder sell as investors dump shares with rich valuations. Beijing’s scrutiny on firms including technology and education has also forced investors to scale back earnings forecasts, investors say.“We have seen some volatility and that has reflected on investors’ appetite, but deals that are priced appropriately will get done,” said Francesco Lavatelli, head of equity capital markets for the Asia Pacific region at JPMorgan Chase & Co..Fintech firm Bairong Inc. slumped 16% when it began trading in late March, while health-care company Zhaoke Ophthalmology Ltd. dropped 15% in late April. JD Logistics Inc., which raised $3.2 billion, closed only 3% above its offering price in its debut recently in contrast to another JD.com unit, JD Health International Inc., which surged 56% on its first day last year.Next BlockbusterThe test for whether Hong Kong’s IPO market can stage a revival will come from some upcoming listings, which include share sales by a dairy firm and a maker of invisible teeth aligners.Large listings include China Youran Dairy Group Ltd., backed by dairy giant Inner Mongolia Yili Industrial Group Co., as well as Betta Pharmaceuticals Co. Angelalign Technology Inc., China’s leading invisible orthodontic producer, launched an IPO of as much as $375 million on Thursday. The latter’s retail tranche was already about 674 times oversubscribed on its first day of order-taking, the Hong Kong Economic Journal reported.Investors are also closely watching the reception to mega flotations, among them Chinese gaming giant NetEase Inc.’s music streaming arm which filed late May for a Hong Kong IPO that could raise about $1 billion.“The market needs at least two or three blockbuster IPOs to revive the sentiment. That means you need both subscription ratio and first-day performance to surprise the market on the upside,” said Kenny Wen, Everbright Sun Hung Kai strategist. “The good days of the IPO market are not coming back yet.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":127,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":117725171,"gmtCreate":1623161586493,"gmtModify":1704197416666,"author":{"id":"3571619977128012","authorId":"3571619977128012","name":"Fishstar","avatar":"https://static.tigerbbs.com/4dcb857199a44865df294f3b2a88a464","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571619977128012","authorIdStr":"3571619977128012"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ZOM\">$Zomedica Pharmaceuticals Corp.(ZOM)$</a>[Miser]&nbsp;[Miser]&nbsp;","listText":"<a href=\"https://laohu8.com/S/ZOM\">$Zomedica Pharmaceuticals Corp.(ZOM)$</a>[Miser]&nbsp;[Miser]&nbsp;","text":"$Zomedica Pharmaceuticals Corp.(ZOM)$[Miser] [Miser]","images":[{"img":"https://static.tigerbbs.com/37bc6ee0d7d30e95d57fe3f47ccef15c","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":2,"repostSize":1,"link":"https://ttm.financial/post/117725171","isVote":1,"tweetType":1,"viewCount":498,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":166558865,"gmtCreate":1624019399558,"gmtModify":1703826694662,"author":{"id":"3571619977128012","authorId":"3571619977128012","name":"Fishstar","avatar":"https://static.tigerbbs.com/4dcb857199a44865df294f3b2a88a464","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571619977128012","authorIdStr":"3571619977128012"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ZOM\">$Zomedica Pharmaceuticals Corp.(ZOM)$</a>Dun drop!!!!","listText":"<a href=\"https://laohu8.com/S/ZOM\">$Zomedica Pharmaceuticals Corp.(ZOM)$</a>Dun drop!!!!","text":"$Zomedica Pharmaceuticals Corp.(ZOM)$Dun drop!!!!","images":[{"img":"https://static.tigerbbs.com/875cdbd981fd1d8a5b05a14f18e4b2f3","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/166558865","isVote":1,"tweetType":1,"viewCount":556,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3568774986804214","authorId":"3568774986804214","name":"Dylan5415","avatar":"https://static.tigerbbs.com/7237487a61be1e7c11ddfb77f9552111","crmLevel":2,"crmLevelSwitch":0,"idStr":"3568774986804214","authorIdStr":"3568774986804214"},"content":"can't up so much","text":"can't up so much","html":"can't up so much"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":129187516,"gmtCreate":1624365361835,"gmtModify":1703834456401,"author":{"id":"3571619977128012","authorId":"3571619977128012","name":"Fishstar","avatar":"https://static.tigerbbs.com/4dcb857199a44865df294f3b2a88a464","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571619977128012","authorIdStr":"3571619977128012"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/O39.SI\">$OVERSEA-CHINESE BANKING CORP(O39.SI)$</a>After I bought it starts dropping ?","listText":"<a href=\"https://laohu8.com/S/O39.SI\">$OVERSEA-CHINESE BANKING CORP(O39.SI)$</a>After I bought it starts dropping ?","text":"$OVERSEA-CHINESE BANKING CORP(O39.SI)$After I bought it starts dropping ?","images":[{"img":"https://static.tigerbbs.com/8a0cc4afc8645fcf8b2e99747ab3a1b9","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/129187516","isVote":1,"tweetType":1,"viewCount":608,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3582001055198315","authorId":"3582001055198315","name":"kerestia","avatar":"https://static.tigerbbs.com/8be79e7432a13721035715b6d0e10adc","crmLevel":2,"crmLevelSwitch":0,"idStr":"3582001055198315","authorIdStr":"3582001055198315"},"content":"friend, the trend line is going downwards now la, so confirm will not be seeing profit for awhile.","text":"friend, the trend line is going downwards now la, so confirm will not be seeing profit for awhile.","html":"friend, the trend line is going downwards now la, so confirm will not be seeing profit for awhile."}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":385549636,"gmtCreate":1613567377325,"gmtModify":1704882135401,"author":{"id":"3571619977128012","authorId":"3571619977128012","name":"Fishstar","avatar":"https://static.tigerbbs.com/4dcb857199a44865df294f3b2a88a464","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571619977128012","authorIdStr":"3571619977128012"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>????","listText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>????","text":"$BlackBerry(BB)$????","images":[{"img":"https://static.tigerbbs.com/acfa8be53fcda65ab1e1ef425e2015ea","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/385549636","isVote":1,"tweetType":1,"viewCount":16,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":803778676,"gmtCreate":1627468687095,"gmtModify":1703490539186,"author":{"id":"3571619977128012","authorId":"3571619977128012","name":"Fishstar","avatar":"https://static.tigerbbs.com/4dcb857199a44865df294f3b2a88a464","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571619977128012","authorIdStr":"3571619977128012"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/O39.SI\">$OVERSEA-CHINESE BANKING CORP(O39.SI)$</a>[Shy]&nbsp;[Shy]&nbsp;[Shy]&nbsp;","listText":"<a href=\"https://laohu8.com/S/O39.SI\">$OVERSEA-CHINESE BANKING CORP(O39.SI)$</a>[Shy]&nbsp;[Shy]&nbsp;[Shy]&nbsp;","text":"$OVERSEA-CHINESE BANKING CORP(O39.SI)$[Shy] [Shy] [Shy]","images":[{"img":"https://static.tigerbbs.com/751b91999032e197df65e2afc13b656d","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/803778676","isVote":1,"tweetType":1,"viewCount":439,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":189873272,"gmtCreate":1623253150496,"gmtModify":1704199522074,"author":{"id":"3571619977128012","authorId":"3571619977128012","name":"Fishstar","avatar":"https://static.tigerbbs.com/4dcb857199a44865df294f3b2a88a464","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571619977128012","authorIdStr":"3571619977128012"},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/189873272","repostId":"1188697627","repostType":4,"repost":{"id":"1188697627","pubTimestamp":1623247497,"share":"https://ttm.financial/m/news/1188697627?lang=&edition=fundamental","pubTime":"2021-06-09 22:04","market":"us","language":"en","title":"Why This Millennial Is Rage-Buying AMC and Crypto","url":"https://stock-news.laohu8.com/highlight/detail?id=1188697627","media":"Barron's","summary":"Karl Marx would have loved Reddit. If the German philosopher were alive today, he’d be posting that ","content":"<p>Karl Marx would have loved Reddit. If the German philosopher were alive today, he’d be posting that everyone should get in on trading meme stocks and cryptocurrency. Not to get rich—though that’s a nice side benefit—but to strike back at the investor class. “It’s worthwhile running some risk in order to relieve the enemy of his money,” Marxwrote. I’m right there with you, Karl.</p>\n<p>Working-class millennials have been denied the chance to build generational wealth over the course of our professional careers. Many of us are risking what little we have left as a way of raging against a machine we feel is rigged against us. And we’re following in Marx’s footsteps.</p>\n<p>After a friend died in 1864, Marx received £820 in a bequest, his biographerrecounts. That comes out to roughly $151,500 today after adjusting for inflation and applying current conversion rates. Marx used a portion of his inheritance to become a financial speculator, often engaging in the same sort of penny-stock bubble schemes that the notorious WallStreetBets sub-Reddit has been accused of engaging in this year. “[Stocks] are springing up like mushrooms this year,” Marx wrote in a letter to his uncle, bragging that he had already made £400 from speculation. He added that many of his investments were typically “forced up to quite an unreasonable level and then, for the most part, collapse.”</p>\n<p>Marx’s trading stories are difficult to substantiate, but millennials’ love of meme stocks is very real. I’ve already made more this year from trading meme stocks and cryptocurrency than I have as a professional writer. I’ve come to look at the meme stock boom as millennials’ chance to finally build wealth. But if not, we’re content with making the investors largely responsible for our financial woes feel a bit of the pain they’ve inflicted on us. Short-sellers are losing their shirts to the tune of$4.5 billionon meme stocks so far.</p>\n<p>As a 34-year-old American, almost every generational stereotype applies to me. HuffPost’s Michael Hobbessummed upmillennials’ financial situation best in 2017: “My rent consumes nearly half my income, I haven’t had a steady job since Pluto was a planet and my savings are dwindling faster than the ice caps the baby boomers melted.”</p>\n<p>Perhaps because we’re the only American generation to live through two major recessions and two wars in our coming-up years, we’re the first generation to be financially worse off than our parents, despite beingbetter educatedon average. We paid for it, too. A year of college that cost $10,000 for boomers set millennials back more than $15,000 on average in inflation-adjusted dollars, according toBloomberg. Millennials of color, particularly Black millennials, have it worse. They graduated witheven more student debtthan their white classmates, arefar less likelyto be hired in white-collar professions, and their households earnjust 60%of what their white coworkers make.</p>\n<p>Millennials’ high-priced educations haven’t bought us much job security. A 2018 Gallup studycalledmillennials the “job-hopping generation.” Maybe, but not by choice. A 2019University of Chicago studyfound millennials actually long for a stable career. It should come as little surprise, then, that a generation plagued with job insecurity and mounting debt is leading the“baby bust.”The birth rate is at its lowest inthree decades. There may not be enough working-age Americans to care for the nation’s swelling senior population. Boomers effectively climbed the class ladder, then took a saw and cut off the rungs below them. (And they still ask us when we’ll give them grandchildren!)</p>\n<p>If all that doesn’t make meme stocks and cryptocurrency more appealing, at least it might help explain why some of us just don’t care any more about playing it safe. I’ll be the first to admit that investing in meme stocks isn’t a sustainable way to build wealth. A lot more of us will get hurt than get rich. But I’m not primarily investing to make money: I want the investors who crashed the economy and got bailed out in my senior year of college—thustorpedoingmy career earning potential—to feel at least a little bit of the hardship they put my generation through. And given thepredominantly millennialcomposition of /r/WallStreetBets, I know I’m not the only rage-driven investor.</p>\n<p>There’s plenty to be mad about. Like we saw withGameStop,workers organizing to make the stock market pay out in our favor results in strict blowback. After Redditors speculated GameStop shares through the roof in late January, mobile trading app Robinhood not only restricted trading, but evenreportedlysold investors’ GameStop shares without their consent. (Robinhooddeniesforced-selling occurred.) When it came to light that Robinhood had afinancial relationshipwith firms that help route its customers’ orders, it made a lot of newbie investors like me even more jaded about the markets.</p>\n<p>In March, when New York City opened movie theaters, I decided to buy AMC shares on a lark for $7 apiece. As of early June, my investment has appreciated in value by more than 550%. That could evaporate, but I’m taking a lesson from GameStop. Its stock is still trading at more than $250 per share despite starting the year under $20. I plan on continuing to hold my AMC shares in hopes the value will increase even more. When it’s finally time, I’ll sell half and re-invest my profits in cryptocurrency.</p>\n<p>When that happens, I’ll be far from the only millennial betting big on crypto. According to Business Insider, my generation ischiefly responsiblefor the sudden rise of cryptocurrency in 2021, in which both blue-chip digital currencies like Ethereum, as well as joke cryptocurrencies like Dogecoin, are thriving. Ethereum’s price has gone from $730.97 per coin on Jan. 1 to a peak of over $4,000 in May. Dogecoin hasappreciatedby more than 21,000% since its inception as a meme in 2013. (I’m still kicking myself for selling my Dogecoin when it was trading for less than 10 cents, even though I still made thousands in profit). Millennials’ commitment to crypto is now forcing the giants to play along: In March,Morgan Stanleybecame thefirst bankto offer Bitcoin funds to its wealthy clients. And as if on cue, now that the workers have made a little money in the rigged casino, U.S. regulators are reportedly preparing a “crackdown” on cryptocurrency.</p>\n<p>Millennials went through childhood being told we had to work hard to have financial security. Then we were told we had to shackle ourselves with debt to get a college degree that would get us a good job. Then we were told that only a lucky few actually build wealth from their jobs and that to have true financial success, we should invest. And then when we invested, we were told we were doing it wrong. I get the message. Millennials aren’t meant to win. Financial security isn’t for us. So if we can make a few grand by speculating penny stocks to the moon and hurt a few smug hedge fund vultures in the process, we’ll settle for that.</p>\n<p><b>Corrections &amp; Amplifications</b>: Citadel Securities is a market-maker that provides services for Robinhood, not a hedge fund. An earlier version of this commentary incorrectly reported that a subsidiary of Citadel Securities held a short position in GameStop.</p>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why This Millennial Is Rage-Buying AMC and Crypto</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy This Millennial Is Rage-Buying AMC and Crypto\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 22:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/why-im-still-rage-buying-meme-stocks-51623165336><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Karl Marx would have loved Reddit. If the German philosopher were alive today, he’d be posting that everyone should get in on trading meme stocks and cryptocurrency. Not to get rich—though that’s a ...</p>\n\n<a href=\"https://www.barrons.com/articles/why-im-still-rage-buying-meme-stocks-51623165336\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","AMC":"AMC院线","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.barrons.com/articles/why-im-still-rage-buying-meme-stocks-51623165336","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188697627","content_text":"Karl Marx would have loved Reddit. If the German philosopher were alive today, he’d be posting that everyone should get in on trading meme stocks and cryptocurrency. Not to get rich—though that’s a nice side benefit—but to strike back at the investor class. “It’s worthwhile running some risk in order to relieve the enemy of his money,” Marxwrote. I’m right there with you, Karl.\nWorking-class millennials have been denied the chance to build generational wealth over the course of our professional careers. Many of us are risking what little we have left as a way of raging against a machine we feel is rigged against us. And we’re following in Marx’s footsteps.\nAfter a friend died in 1864, Marx received £820 in a bequest, his biographerrecounts. That comes out to roughly $151,500 today after adjusting for inflation and applying current conversion rates. Marx used a portion of his inheritance to become a financial speculator, often engaging in the same sort of penny-stock bubble schemes that the notorious WallStreetBets sub-Reddit has been accused of engaging in this year. “[Stocks] are springing up like mushrooms this year,” Marx wrote in a letter to his uncle, bragging that he had already made £400 from speculation. He added that many of his investments were typically “forced up to quite an unreasonable level and then, for the most part, collapse.”\nMarx’s trading stories are difficult to substantiate, but millennials’ love of meme stocks is very real. I’ve already made more this year from trading meme stocks and cryptocurrency than I have as a professional writer. I’ve come to look at the meme stock boom as millennials’ chance to finally build wealth. But if not, we’re content with making the investors largely responsible for our financial woes feel a bit of the pain they’ve inflicted on us. Short-sellers are losing their shirts to the tune of$4.5 billionon meme stocks so far.\nAs a 34-year-old American, almost every generational stereotype applies to me. HuffPost’s Michael Hobbessummed upmillennials’ financial situation best in 2017: “My rent consumes nearly half my income, I haven’t had a steady job since Pluto was a planet and my savings are dwindling faster than the ice caps the baby boomers melted.”\nPerhaps because we’re the only American generation to live through two major recessions and two wars in our coming-up years, we’re the first generation to be financially worse off than our parents, despite beingbetter educatedon average. We paid for it, too. A year of college that cost $10,000 for boomers set millennials back more than $15,000 on average in inflation-adjusted dollars, according toBloomberg. Millennials of color, particularly Black millennials, have it worse. They graduated witheven more student debtthan their white classmates, arefar less likelyto be hired in white-collar professions, and their households earnjust 60%of what their white coworkers make.\nMillennials’ high-priced educations haven’t bought us much job security. A 2018 Gallup studycalledmillennials the “job-hopping generation.” Maybe, but not by choice. A 2019University of Chicago studyfound millennials actually long for a stable career. It should come as little surprise, then, that a generation plagued with job insecurity and mounting debt is leading the“baby bust.”The birth rate is at its lowest inthree decades. There may not be enough working-age Americans to care for the nation’s swelling senior population. Boomers effectively climbed the class ladder, then took a saw and cut off the rungs below them. (And they still ask us when we’ll give them grandchildren!)\nIf all that doesn’t make meme stocks and cryptocurrency more appealing, at least it might help explain why some of us just don’t care any more about playing it safe. I’ll be the first to admit that investing in meme stocks isn’t a sustainable way to build wealth. A lot more of us will get hurt than get rich. But I’m not primarily investing to make money: I want the investors who crashed the economy and got bailed out in my senior year of college—thustorpedoingmy career earning potential—to feel at least a little bit of the hardship they put my generation through. And given thepredominantly millennialcomposition of /r/WallStreetBets, I know I’m not the only rage-driven investor.\nThere’s plenty to be mad about. Like we saw withGameStop,workers organizing to make the stock market pay out in our favor results in strict blowback. After Redditors speculated GameStop shares through the roof in late January, mobile trading app Robinhood not only restricted trading, but evenreportedlysold investors’ GameStop shares without their consent. (Robinhooddeniesforced-selling occurred.) When it came to light that Robinhood had afinancial relationshipwith firms that help route its customers’ orders, it made a lot of newbie investors like me even more jaded about the markets.\nIn March, when New York City opened movie theaters, I decided to buy AMC shares on a lark for $7 apiece. As of early June, my investment has appreciated in value by more than 550%. That could evaporate, but I’m taking a lesson from GameStop. Its stock is still trading at more than $250 per share despite starting the year under $20. I plan on continuing to hold my AMC shares in hopes the value will increase even more. When it’s finally time, I’ll sell half and re-invest my profits in cryptocurrency.\nWhen that happens, I’ll be far from the only millennial betting big on crypto. According to Business Insider, my generation ischiefly responsiblefor the sudden rise of cryptocurrency in 2021, in which both blue-chip digital currencies like Ethereum, as well as joke cryptocurrencies like Dogecoin, are thriving. Ethereum’s price has gone from $730.97 per coin on Jan. 1 to a peak of over $4,000 in May. Dogecoin hasappreciatedby more than 21,000% since its inception as a meme in 2013. (I’m still kicking myself for selling my Dogecoin when it was trading for less than 10 cents, even though I still made thousands in profit). Millennials’ commitment to crypto is now forcing the giants to play along: In March,Morgan Stanleybecame thefirst bankto offer Bitcoin funds to its wealthy clients. And as if on cue, now that the workers have made a little money in the rigged casino, U.S. regulators are reportedly preparing a “crackdown” on cryptocurrency.\nMillennials went through childhood being told we had to work hard to have financial security. Then we were told we had to shackle ourselves with debt to get a college degree that would get us a good job. Then we were told that only a lucky few actually build wealth from their jobs and that to have true financial success, we should invest. And then when we invested, we were told we were doing it wrong. I get the message. Millennials aren’t meant to win. Financial security isn’t for us. So if we can make a few grand by speculating penny stocks to the moon and hurt a few smug hedge fund vultures in the process, we’ll settle for that.\nCorrections & Amplifications: Citadel Securities is a market-maker that provides services for Robinhood, not a hedge fund. 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