StockWrecker personal page - To The Moon

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Gimme the moon

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2022-02-02

$Tesla Motors(TSLA)$go to moon

2022-02-08

$Tesla Motors(TSLA)$next dip I buy

2021-02-08

$BlackBerry(BB)$Biggest loser

2022-01-30

$Tesla Motors(TSLA)$Needs more moon

2022-01-31

$Tesla Motors(TSLA)$Gimme the Huat pals

2022-02-07

$Tesla Motors(TSLA)$Fly me to the moon

2022-02-15

$NVIDIA Corp(NVDA)$huat ah

2021-02-05

$GameStop(GME)$Biggest loser

2021-02-03

To the moon people

Sorry, the original content has been removed

2021-02-01

Huat ah

2022-01-31

$Tesla Motors(TSLA)$moon clap

2022-01-28

$Apple(AAPL)$Huat pals

2021-02-04

Retailers will win

Sorry, the original content has been removed

2021-02-04

$GameStop(GME)$Broke

2021-02-02

Come on everybody hold the line

The market frenzy for stocks like Gamestop is not purely driven by retail investors

2021-02-01

Huat

Who is Trading on U.S. Markets?

2021-01-31

Wowwwe

Southeastern Grocers Postpones Initial Public Offering

2021-01-30

Moon

fuboTV Announces Pricing of $350 Million Convertible Senior Notes Offering

2021-01-28

To the moon

GameStop up another 60%, amateur interest shows no sign of abating

2022-02-03

$Meta Platforms, Inc.(FB)$will buy if the sale is great

Go to Tiger App to see more news

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more","images":[{"img":"https://static.tigerbbs.com/71c10eb89990f03707213b8d64c95922","width":"750","height":"2247"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/383071217","isVote":1,"tweetType":1,"viewCount":317,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":389251885,"gmtCreate":1612780470447,"gmtModify":1704874087435,"author":{"id":"3573810478609459","authorId":"3573810478609459","name":"StockWrecker","avatar":"https://static.itradeup.com/news/3a3f17e51d8ca276fab2be7539c71132","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810478609459","authorIdStr":"3573810478609459"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>Biggest loser","listText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>Biggest loser","text":"$BlackBerry(BB)$Biggest 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gme","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317449558","repostId":"1151193085","repostType":4,"isVote":1,"tweetType":1,"viewCount":140,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":317449847,"gmtCreate":1612479506989,"gmtModify":1704871724589,"author":{"id":"3573810478609459","authorId":"3573810478609459","name":"StockWrecker","avatar":"https://static.itradeup.com/news/3a3f17e51d8ca276fab2be7539c71132","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810478609459","authorIdStr":"3573810478609459"},"themes":[],"htmlText":"Gg gme&nbsp;","listText":"Gg gme&nbsp;","text":"Gg gme","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317449847","repostId":"2108713067","repostType":4,"isVote":1,"tweetType":1,"viewCount":125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":317449964,"gmtCreate":1612479426558,"gmtModify":1704871724267,"author":{"id":"3573810478609459","authorId":"3573810478609459","name":"StockWrecker","avatar":"https://static.itradeup.com/news/3a3f17e51d8ca276fab2be7539c71132","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810478609459","authorIdStr":"3573810478609459"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>Biggest loser","listText":"<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>Biggest loser","text":"$GameStop(GME)$Biggest loser","images":[{"img":"https://static.tigerbbs.com/84aa56b3c9cd9d9a79430ffa5bf63fdb","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/317449964","isVote":1,"tweetType":1,"viewCount":124,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3573655083318340","authorId":"3573655083318340","name":"追涨杀跌的小韭菜","avatar":"https://static.tigerbbs.com/ede67f31d330580bd8b47481e8c99253","crmLevel":1,"crmLevelSwitch":0,"idStr":"3573655083318340","authorIdStr":"3573655083318340"},"content":"no, you are not the biggest. we are all here, my cost is $329.50 / share?","text":"no, you are not the biggest. we are all here, my cost is $329.50 / share?","html":"no, you are not the biggest. we are all here, my cost is $329.50 / share?"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":317449010,"gmtCreate":1612479387730,"gmtModify":1704871723943,"author":{"id":"3573810478609459","authorId":"3573810478609459","name":"StockWrecker","avatar":"https://static.itradeup.com/news/3a3f17e51d8ca276fab2be7539c71132","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810478609459","authorIdStr":"3573810478609459"},"themes":[],"htmlText":"Invest wisely","listText":"Invest wisely","text":"Invest wisely","images":[{"img":"https://static.tigerbbs.com/ef953424d57cb0414b1807c104aa64d1","width":"750","height":"2301"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317449010","isVote":1,"tweetType":1,"viewCount":239,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":317610232,"gmtCreate":1612443829926,"gmtModify":1704871267202,"author":{"id":"3573810478609459","authorId":"3573810478609459","name":"StockWrecker","avatar":"https://static.itradeup.com/news/3a3f17e51d8ca276fab2be7539c71132","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810478609459","authorIdStr":"3573810478609459"},"themes":[],"htmlText":"To the moon&nbsp;","listText":"To the moon&nbsp;","text":"To the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317610232","repostId":"1189978299","repostType":4,"repost":{"id":"1189978299","kind":"news","pubTimestamp":1612417224,"share":"https://ttm.financial/m/news/1189978299?lang=&edition=fundamental","pubTime":"2021-02-04 13:40","market":"us","language":"en","title":"Emerging Markets May Already Have Reached Their Peak for 2021, Morgan Stanley Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1189978299","media":"marketwatch","summary":"It’s a little early in the year to be discussing peaks, but the top may have come and gone for a pop","content":"<p>It’s a little early in the year to be discussing peaks, but the top may have come and gone for a popular emerging-markets index, according to strategists atMorgan Stanley.</p>\n<p>Morgan Stanley strategists, led by Jonathan Garner, say theMSCI emerging market indexalready topped its year-end target of 1,330, though it has fallen back subsequently. Flows to the region hit an all-time high last week. “Euphoric” fund inflows have invariably been associated with market tops, and vice versa, they note.</p>\n<p>Already a Top?MSCI Emerging Markets Index USDSource: FactSetSept. 2020'21100011001200130014001500</p>\n<p>They list a number of factors why the index may have peaked. For one, thecopperprice is correcting, and that has a strong correlation with the index. Another is that central bank balance sheet growth of the G4 — the Federal Reserve, the Bank of England, the Bank of Japanand the European Central Bank — is likely to peak next month at over 50% growth, and then start to slow significantly. A measure of liquidity in China also is dropping off.</p>\n<p>The break-even inflation rate also peaked, in late January, and is now correcting, they add, which suggests a top in near term sentiment on reflation and reopening. Thedollar,which tends to move in the opposite direction to emerging markets, has stopped declining.</p>\n<p>There are reasons closer to home for why the index may have peaked. Earnings revisions are showing signs of stalling out. Also, South Korea’s relative performance peaked on Jan. 11, after outperforming by 41% since Mar. 19, 2020. Major peaks in South Korea’s relative performance tend to precede peaks in the broader index, the strategists say.</p>\n<p>TheiShares MSCI Emerging Markets ETFtracks the emerging-market index.</p>","source":"lsy1603348471595","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>Emerging Markets May Already Have Reached Their Peak for 2021, Morgan Stanley Says</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\">\nEmerging Markets May Already Have Reached Their Peak for 2021, Morgan Stanley Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-04 13:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/emerging-markets-may-already-have-reached-their-peak-for-2021-morgan-stanley-says-51612361255?mod=home-page><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It’s a little early in the year to be discussing peaks, but the top may have come and gone for a popular emerging-markets index, according to strategists atMorgan Stanley.\nMorgan Stanley strategists, ...</p>\n\n<a href=\"https://www.marketwatch.com/articles/emerging-markets-may-already-have-reached-their-peak-for-2021-morgan-stanley-says-51612361255?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/24fa8350588843d92f819ac12ab5ce16","relate_stocks":{"MS":"摩根士丹利"},"source_url":"https://www.marketwatch.com/articles/emerging-markets-may-already-have-reached-their-peak-for-2021-morgan-stanley-says-51612361255?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189978299","content_text":"It’s a little early in the year to be discussing peaks, but the top may have come and gone for a popular emerging-markets index, according to strategists atMorgan Stanley.\nMorgan Stanley strategists, led by Jonathan Garner, say theMSCI emerging market indexalready topped its year-end target of 1,330, though it has fallen back subsequently. Flows to the region hit an all-time high last week. “Euphoric” fund inflows have invariably been associated with market tops, and vice versa, they note.\nAlready a Top?MSCI Emerging Markets Index USDSource: FactSetSept. 2020'21100011001200130014001500\nThey list a number of factors why the index may have peaked. For one, thecopperprice is correcting, and that has a strong correlation with the index. Another is that central bank balance sheet growth of the G4 — the Federal Reserve, the Bank of England, the Bank of Japanand the European Central Bank — is likely to peak next month at over 50% growth, and then start to slow significantly. A measure of liquidity in China also is dropping off.\nThe break-even inflation rate also peaked, in late January, and is now correcting, they add, which suggests a top in near term sentiment on reflation and reopening. Thedollar,which tends to move in the opposite direction to emerging markets, has stopped declining.\nThere are reasons closer to home for why the index may have peaked. Earnings revisions are showing signs of stalling out. Also, South Korea’s relative performance peaked on Jan. 11, after outperforming by 41% since Mar. 19, 2020. Major peaks in South Korea’s relative performance tend to precede peaks in the broader index, the strategists say.\nTheiShares MSCI Emerging Markets ETFtracks the emerging-market index.","news_type":1},"isVote":1,"tweetType":1,"viewCount":201,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":317637562,"gmtCreate":1612443784856,"gmtModify":1704871265734,"author":{"id":"3573810478609459","authorId":"3573810478609459","name":"StockWrecker","avatar":"https://static.itradeup.com/news/3a3f17e51d8ca276fab2be7539c71132","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810478609459","authorIdStr":"3573810478609459"},"themes":[],"htmlText":"To the moon","listText":"To the moon","text":"To the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317637562","repostId":"1151193085","repostType":4,"repost":{"id":"1151193085","kind":"news","pubTimestamp":1612410160,"share":"https://ttm.financial/m/news/1151193085?lang=&edition=fundamental","pubTime":"2021-02-04 11:42","market":"us","language":"en","title":"Robinhood to allow buying fractional shares of GameStop, AMC","url":"https://stock-news.laohu8.com/highlight/detail?id=1151193085","media":"reuters","summary":"(Reuters) - Online brokerage app Robinhood, which is at the center of a Reddit-fueled rally in a han","content":"<p>(Reuters) - Online brokerage app Robinhood, which is at the center of a Reddit-fueled rally in a handful of stocks heavily shorted by hedge funds, said on Wednesday it would allow investors to buy fractional shares in GameStop Corp and AMC Entertainment Holdings Inc.</p>\n<p>The move allows buying parts of shares, often to encourage participation from smaller investors by reducing the size of the amount they have to bet.</p>\n<p>Robinhood’s website showed on Wednesday trading restrictions were placed only on GameStop and AMC’s stock, while restrictions on others had been lifted.</p>\n<p>Trading limit on GameStop’s shares was increased to 500 from 100. For AMC, the limit was set at 5,500 shares.</p>\n<p>Last week, Chief Executive Officer Vlad Tenev said the app had temporarily curbed some transactions because a clearinghouse had asked for $3 billion in collateral.</p>\n<p>The demand forced Robinhood to seek emergency funding from investors who poured in $2.4 billion on Monday, over and above the $1 billion the online brokerage raised last week.</p>\n<p>Clearinghouses are intermediaries which ensure the completion of a stock trade even if one side of the deal goes bust.</p>\n<p></p>\n<p></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>Robinhood to allow buying fractional shares of GameStop, AMC</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\">\nRobinhood to allow buying fractional shares of GameStop, AMC\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-04 11:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/us-retail-trading-robinhood/robinhood-to-allow-buying-fractional-shares-of-gamestop-amc-idUSKBN2A31ZR?il=0><strong>reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Online brokerage app Robinhood, which is at the center of a Reddit-fueled rally in a handful of stocks heavily shorted by hedge funds, said on Wednesday it would allow investors to buy ...</p>\n\n<a href=\"https://www.reuters.com/article/us-retail-trading-robinhood/robinhood-to-allow-buying-fractional-shares-of-gamestop-amc-idUSKBN2A31ZR?il=0\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/15d9ea030358e2f5ed72a5a3cccffef1","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.reuters.com/article/us-retail-trading-robinhood/robinhood-to-allow-buying-fractional-shares-of-gamestop-amc-idUSKBN2A31ZR?il=0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151193085","content_text":"(Reuters) - Online brokerage app Robinhood, which is at the center of a Reddit-fueled rally in a handful of stocks heavily shorted by hedge funds, said on Wednesday it would allow investors to buy fractional shares in GameStop Corp and AMC Entertainment Holdings Inc.\nThe move allows buying parts of shares, often to encourage participation from smaller investors by reducing the size of the amount they have to bet.\nRobinhood’s website showed on Wednesday trading restrictions were placed only on GameStop and AMC’s stock, while restrictions on others had been lifted.\nTrading limit on GameStop’s shares was increased to 500 from 100. For AMC, the limit was set at 5,500 shares.\nLast week, Chief Executive Officer Vlad Tenev said the app had temporarily curbed some transactions because a clearinghouse had asked for $3 billion in collateral.\nThe demand forced Robinhood to seek emergency funding from investors who poured in $2.4 billion on Monday, over and above the $1 billion the online brokerage raised last week.\nClearinghouses are intermediaries which ensure the completion of a stock trade even if one side of the deal goes bust.","news_type":1},"isVote":1,"tweetType":1,"viewCount":139,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":317634587,"gmtCreate":1612443741349,"gmtModify":1704871265239,"author":{"id":"3573810478609459","authorId":"3573810478609459","name":"StockWrecker","avatar":"https://static.itradeup.com/news/3a3f17e51d8ca276fab2be7539c71132","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810478609459","authorIdStr":"3573810478609459"},"themes":[],"htmlText":"Wont stop game stop","listText":"Wont stop game stop","text":"Wont stop game stop","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317634587","repostId":"2108713067","repostType":4,"repost":{"id":"2108713067","kind":"news","pubTimestamp":1612428021,"share":"https://ttm.financial/m/news/2108713067?lang=&edition=fundamental","pubTime":"2021-02-04 16:40","market":"us","language":"en","title":"GameStop Mania Stirs New Ire for Social-Media Shield Trump Hates","url":"https://stock-news.laohu8.com/highlight/detail?id=2108713067","media":"Bloomberg","summary":"(Bloomberg) -- Market turbulence fueled by a horde of retail investors targeting stocks like GameSto","content":"<p>(Bloomberg) -- Market turbulence fueled by a horde of retail investors targeting stocks like GameStop Corp. has some fingers pointing at an unexpected culprit: the social-media liability protections vilified by former President Donald Trump.</p><p>The investors who sent shares of GameStop and several other companies to previously unfathomable heights relied on a Reddit-based forum as a central gathering point to discuss trading strategies, egg each other on and move in unison to squeeze hedge funds that had shorted stocks. Regulators are examining whether any of their activity was illegal.</p><p>But even if it was, the social-media platform bears little risk from its users’ activity, thanks to a shield from lawsuits known as Section 230 -- which Congress passed to override a court decision in a lawsuit brought against the brokerage firm featured in the 2013 Martin Scorsese blockbuster “The Wolf of Wall Street.”</p><p>That provision of the 1996 Communications Decency Act is already under scrutiny in Washington from Republicans, who contend it has allowed social-media firms to discriminate against conservatives, and from Democrats, who say the networks have hidden behind its protections rather than crack down on dangerous behavior.</p><p>The rally came to a screeching halt this week with shares of GameStop down more than 80% from last week’s high. Now, the Securities and Exchange Commission is investigating whether anyone might have broken the law, for example by lying to raise the price of GameStop shares, only to sell their own shares in a so-called pump-and-dump scheme.</p><p>Treasury Secretary Janet Yellen will meet on Thursday with the heads of the SEC, the Federal Reserve and the Commodity Futures Trading Commission to discuss the recent volatility, the Treasury Department said in a statement on Wednesday night. The House Financial Services Committee has also scheduled a hearing for later this month to examine the issue.</p><p>“Reddit’s site-wide policies prohibit posting illegal content or soliciting or facilitating illegal transactions,” said a Reddit spokeswoman in an email. “We will review and cooperate with valid law enforcement investigations or actions as needed.”</p><p>If regulators find that some users went too far, Section 230 would largely insulate Reddit from liability. That has some social-media experts asking if Section 230 harms financial markets. Some say it’s unlikely a lightly moderated forum such as Reddit would even exist without Section 230, let alone allow the sort of speculation and stock promotion that saw GameStop shares rise 1,700% in a matter of days.</p><p>Without the act, “platforms would have to become more responsible -- almost overnight,” said Dipayan Ghosh, a former <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc. official and a White House technology policy adviser in the Obama administration. “And that wouldn’t be a bad thing,” said Ghosh, who is now a fellow at Harvard Kennedy School’s Shorenstein Center on Media, Politics and Public Policy.</p><p>Reddit has lobbied Congress, including the House Energy &amp; Commerce Committee that oversees tech policy, in support of keeping Section 230 intact, according to a person familiar with its efforts. Reddit has only been lobbying for about four years, relying on outside lobbyists. It spent about $200,000 a year in the past three years and $60,000 in 2017, its first year, according to its disclosures.</p><p>In an ironic twist, Section 230 itself was created in part as a response to shady stock schemes. In 1995, the brokerage founded by Jordan Belfort, who was played by Leonardo DiCaprio in the film, “The Wolf of Wall Street,” sued an anonymous online bulletin board poster for disparaging Belfort’s firm. The lawsuit included a now-defunct internet service provider, Prodigy, as a defendant because it hosted the forum.</p><p>The judge ruled that Prodigy could be held liable for its users’ content because it had actively sought to moderate the forum, sometimes by taking down posts. Fearing that the ruling would prompt nascent platforms to avoid liability by leaving up all content, lawmakers proposed what eventually became Section 230 in a law that aimed to regulate indecent material online.</p><p>The Reddit rebellion arose from a confluence of the social-media revolution brought about by Section 230, wildly popular apps that allow free stock trades, millions of pandemic-bored retail investors and long-festering antipathy toward Wall Street kingpins.</p><p>Experts say that much of what users of WallStreetBets, the Reddit channel favored by stock traders, have posted doesn’t appear to be illegal. The forum now has more than 8 million users, many of whom spew stock tips, engage in sometimes-juvenile banter and celebrate unbridled greed. None of that is against the law. It’s also not a crime to say that you own stock and think it will continue to rise.</p><p>Unless regulators find violations, Reddit probably won’t need the protection that Section 230 affords, said Eric Goldman, a professor at the Santa Clara University School of Law. “I haven’t seen any evidence that illegal stock manipulation is taking place on WallStreetBets, though that might still be proven,” Goldman said.</p><p>Still, without the federally protected sandbox of Section 230, Reddit and platforms like it would likely have been unable to grow into the wild-west of free speech that they are, said Ellen Goodman, a professor at Rutgers Law School who has studied online disinformation.</p><p>“If we had less Section 230 immunity, I suspect the platforms would be more engaged and Reddit would have been more engaged in monitoring and slowing down the traffic on WallStreetBets,” Goodman said.</p><p>Just as financial markets include trading halts for volatility, Goodman suggested platforms could take action to slow down viral disinformation when they see it.</p><p>Some industry advocates said the WallStreetBets drama isn’t a good reason to curtail Section 230.</p><p>“Let’s just imagine there is evidence that says someone was attempting to run a pump-and-dump scheme online,” said Matt Schruers, president of the Computer &amp; Communications Industry Association trade group, which counts Facebook and <a href=\"https://laohu8.com/S/TWTR\">Twitter</a>, but not Reddit, as members. “Regulators already have the tools that they need to penalize bad actors for engaging in that kind of securities fraud.”</p><p>The GameStop drama was the latest in a series of episodes in which social media users were alleged to have incited risky and dangerous activity, including planning the Jan. 6 U.S. Capitol insurrection and a plot to kidnap Michigan Governor Gretchen Whitmer.</p><p>While the GameStop incident didn’t involve threats of violence, and may not have even involved anything illegal, it could still give momentum to bipartisan efforts to increase social-media companies’ responsibility to moderate what users say.</p><p>Illinois Democratic Representative Jan Schakowsky, who chairs a House panel on consumer protection, is pushing to tighten Section 230 by forcing companies to police their own terms of service more aggressively. She is also looking at whether there are legal violations amid the WallStreetBets activity that are being protected by the shield, according to an aide familiar with her plans.</p><p>Lawmakers have offered measures to reform the legal shield, including by increasing transparency about how platforms make content decisions and forcing them to remove content deemed illegal by a court. Other proposals would eliminate child abuse material and illegal drug sales.</p><p>Trump frequently attacked Section 230, which he claimed enabled tech companies to shut down conservative speech. His Justice Department issued proposed changes to the law, and his allies introduced a flurry of bills on the issue. He prompted the Federal Communications Commission to prepare rules to limit companies’ ability to deal with political content, although it has since abandoned the effort. Trump also vetoed the annual defense authorization measure because it didn’t include a repeal of Section 230, but Congress overrode him.</p><p>While Wall Street has largely stayed out of the political debate over Section 230, that could change now that its profits are at stake. Increasing internet companies’ liability for user posts could ultimately benefit markets if it leads the platforms to better police their content, said Joshua Mitts, a Columbia Law School professor who studies market manipulation.</p><p>“Liability could be a good thing because it could curtail the situations where scare or euphoria tactics are used to make money,” Mitts said. “If it turns the platforms into more active police, it may be a good thing on balance for our markets.”</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>GameStop Mania Stirs New Ire for Social-Media Shield Trump Hates</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\">\nGameStop Mania Stirs New Ire for Social-Media Shield Trump Hates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-04 16:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/gamestop-mania-stirs-ire-social-070000341.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Market turbulence fueled by a horde of retail investors targeting stocks like GameStop Corp. has some fingers pointing at an unexpected culprit: the social-media liability protections ...</p>\n\n<a href=\"https://finance.yahoo.com/news/gamestop-mania-stirs-ire-social-070000341.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/vzVQFTEdr7t4wlzWKpp7aQ--~B/aD0yNjY3O3c9NDAwMDthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/uu/api/res/1.2/65ymGsJXcslBe65BN18syg--~B/aD0yNjY3O3c9NDAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/f1f8a47e7f40dee53bd02b6f698f9a0c","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://finance.yahoo.com/news/gamestop-mania-stirs-ire-social-070000341.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2108713067","content_text":"(Bloomberg) -- Market turbulence fueled by a horde of retail investors targeting stocks like GameStop Corp. has some fingers pointing at an unexpected culprit: the social-media liability protections vilified by former President Donald Trump.The investors who sent shares of GameStop and several other companies to previously unfathomable heights relied on a Reddit-based forum as a central gathering point to discuss trading strategies, egg each other on and move in unison to squeeze hedge funds that had shorted stocks. Regulators are examining whether any of their activity was illegal.But even if it was, the social-media platform bears little risk from its users’ activity, thanks to a shield from lawsuits known as Section 230 -- which Congress passed to override a court decision in a lawsuit brought against the brokerage firm featured in the 2013 Martin Scorsese blockbuster “The Wolf of Wall Street.”That provision of the 1996 Communications Decency Act is already under scrutiny in Washington from Republicans, who contend it has allowed social-media firms to discriminate against conservatives, and from Democrats, who say the networks have hidden behind its protections rather than crack down on dangerous behavior.The rally came to a screeching halt this week with shares of GameStop down more than 80% from last week’s high. Now, the Securities and Exchange Commission is investigating whether anyone might have broken the law, for example by lying to raise the price of GameStop shares, only to sell their own shares in a so-called pump-and-dump scheme.Treasury Secretary Janet Yellen will meet on Thursday with the heads of the SEC, the Federal Reserve and the Commodity Futures Trading Commission to discuss the recent volatility, the Treasury Department said in a statement on Wednesday night. The House Financial Services Committee has also scheduled a hearing for later this month to examine the issue.“Reddit’s site-wide policies prohibit posting illegal content or soliciting or facilitating illegal transactions,” said a Reddit spokeswoman in an email. “We will review and cooperate with valid law enforcement investigations or actions as needed.”If regulators find that some users went too far, Section 230 would largely insulate Reddit from liability. That has some social-media experts asking if Section 230 harms financial markets. Some say it’s unlikely a lightly moderated forum such as Reddit would even exist without Section 230, let alone allow the sort of speculation and stock promotion that saw GameStop shares rise 1,700% in a matter of days.Without the act, “platforms would have to become more responsible -- almost overnight,” said Dipayan Ghosh, a former Facebook Inc. official and a White House technology policy adviser in the Obama administration. “And that wouldn’t be a bad thing,” said Ghosh, who is now a fellow at Harvard Kennedy School’s Shorenstein Center on Media, Politics and Public Policy.Reddit has lobbied Congress, including the House Energy & Commerce Committee that oversees tech policy, in support of keeping Section 230 intact, according to a person familiar with its efforts. Reddit has only been lobbying for about four years, relying on outside lobbyists. It spent about $200,000 a year in the past three years and $60,000 in 2017, its first year, according to its disclosures.In an ironic twist, Section 230 itself was created in part as a response to shady stock schemes. In 1995, the brokerage founded by Jordan Belfort, who was played by Leonardo DiCaprio in the film, “The Wolf of Wall Street,” sued an anonymous online bulletin board poster for disparaging Belfort’s firm. The lawsuit included a now-defunct internet service provider, Prodigy, as a defendant because it hosted the forum.The judge ruled that Prodigy could be held liable for its users’ content because it had actively sought to moderate the forum, sometimes by taking down posts. Fearing that the ruling would prompt nascent platforms to avoid liability by leaving up all content, lawmakers proposed what eventually became Section 230 in a law that aimed to regulate indecent material online.The Reddit rebellion arose from a confluence of the social-media revolution brought about by Section 230, wildly popular apps that allow free stock trades, millions of pandemic-bored retail investors and long-festering antipathy toward Wall Street kingpins.Experts say that much of what users of WallStreetBets, the Reddit channel favored by stock traders, have posted doesn’t appear to be illegal. The forum now has more than 8 million users, many of whom spew stock tips, engage in sometimes-juvenile banter and celebrate unbridled greed. None of that is against the law. It’s also not a crime to say that you own stock and think it will continue to rise.Unless regulators find violations, Reddit probably won’t need the protection that Section 230 affords, said Eric Goldman, a professor at the Santa Clara University School of Law. “I haven’t seen any evidence that illegal stock manipulation is taking place on WallStreetBets, though that might still be proven,” Goldman said.Still, without the federally protected sandbox of Section 230, Reddit and platforms like it would likely have been unable to grow into the wild-west of free speech that they are, said Ellen Goodman, a professor at Rutgers Law School who has studied online disinformation.“If we had less Section 230 immunity, I suspect the platforms would be more engaged and Reddit would have been more engaged in monitoring and slowing down the traffic on WallStreetBets,” Goodman said.Just as financial markets include trading halts for volatility, Goodman suggested platforms could take action to slow down viral disinformation when they see it.Some industry advocates said the WallStreetBets drama isn’t a good reason to curtail Section 230.“Let’s just imagine there is evidence that says someone was attempting to run a pump-and-dump scheme online,” said Matt Schruers, president of the Computer & Communications Industry Association trade group, which counts Facebook and Twitter, but not Reddit, as members. “Regulators already have the tools that they need to penalize bad actors for engaging in that kind of securities fraud.”The GameStop drama was the latest in a series of episodes in which social media users were alleged to have incited risky and dangerous activity, including planning the Jan. 6 U.S. Capitol insurrection and a plot to kidnap Michigan Governor Gretchen Whitmer.While the GameStop incident didn’t involve threats of violence, and may not have even involved anything illegal, it could still give momentum to bipartisan efforts to increase social-media companies’ responsibility to moderate what users say.Illinois Democratic Representative Jan Schakowsky, who chairs a House panel on consumer protection, is pushing to tighten Section 230 by forcing companies to police their own terms of service more aggressively. She is also looking at whether there are legal violations amid the WallStreetBets activity that are being protected by the shield, according to an aide familiar with her plans.Lawmakers have offered measures to reform the legal shield, including by increasing transparency about how platforms make content decisions and forcing them to remove content deemed illegal by a court. Other proposals would eliminate child abuse material and illegal drug sales.Trump frequently attacked Section 230, which he claimed enabled tech companies to shut down conservative speech. His Justice Department issued proposed changes to the law, and his allies introduced a flurry of bills on the issue. He prompted the Federal Communications Commission to prepare rules to limit companies’ ability to deal with political content, although it has since abandoned the effort. Trump also vetoed the annual defense authorization measure because it didn’t include a repeal of Section 230, but Congress overrode him.While Wall Street has largely stayed out of the political debate over Section 230, that could change now that its profits are at stake. Increasing internet companies’ liability for user posts could ultimately benefit markets if it leads the platforms to better police their content, said Joshua Mitts, a Columbia Law School professor who studies market manipulation.“Liability could be a good thing because it could curtail the situations where scare or euphoria tactics are used to make money,” Mitts said. “If it turns the platforms into more active police, it may be a good thing on balance for our markets.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":124,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":317634116,"gmtCreate":1612443703235,"gmtModify":1704871264917,"author":{"id":"3573810478609459","authorId":"3573810478609459","name":"StockWrecker","avatar":"https://static.itradeup.com/news/3a3f17e51d8ca276fab2be7539c71132","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810478609459","authorIdStr":"3573810478609459"},"themes":[],"htmlText":"Retailers will win","listText":"Retailers will win","text":"Retailers will win","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/317634116","repostId":"1145503111","repostType":4,"repost":{"id":"1145503111","kind":"news","pubTimestamp":1612430684,"share":"https://ttm.financial/m/news/1145503111?lang=&edition=fundamental","pubTime":"2021-02-04 17:24","market":"us","language":"en","title":"Retail frenzy stalls as focus falls on regulator meeting","url":"https://stock-news.laohu8.com/highlight/detail?id=1145503111","media":"reuters","summary":"LONDON (Reuters) - Stocks at the heart of a recent buying frenzy driven by social media slipped in t","content":"<p>LONDON (Reuters) - Stocks at the heart of a recent buying frenzy driven by social media slipped in thin European trade on Thursday, adding to the sense that their spectacular rallies might be fizzling just as U.S. regulators meet to discuss last week’s wild ride.</p>\n<p>The Frankfurt-listed shares of videogame retailer GameStop fell 12% and cinema operator AMC Entertainment dropped 9%, and the losses put their prices more or less in line with where they had settled in U.S. after-market trade.</p>\n<p>U.S. Treasury Secretary Janet Yellen will meet financial regulators on Thursday to discuss GameStop and the recent market volatility, the Department of Treasury said.</p>\n<p>Focus could fall on the online forums where mass buying of GameStop and AMC was discussed last week, and on the ever-larger role played by hedge funds in financial markets.</p>\n<p>“It’s about making sure that the playing field is level and also making sure that ... retail investors are protected and making sure that the types of accounts, the types of trading, and the types of products they use are certainly suitable,” said Ben Slaven, global head of exchange-traded funds asset servicing at BNY Mellon.</p>\n<p>Yellen will meet with the heads of the U.S. Securities and Exchange Commission, Federal Reserve Board, Federal Reserve Bank of New York, and Commodity Futures Trading Commission.</p>\n<p>Along with others targeted by the retail crowd, the stocks rose soared last week, as buying triggered a “short squeeze,” and funds that had bet against the companies scrambled to close their positions by purchasing the stocks at high prices.</p>\n<p>Thursday posts on Reddit implored investors to hang on, although many analysts think the squeeze is probably over and broader market attention has begun to turn to the possible fallout.</p>\n<p>“The FOMO was too strong. Nothing to do but hold now,” wrote one user, who said he had bought in to GameStop shares at $370. GameStop last traded in Frankfurt at 80.80 euros ($97.05) and AMC at 7.40 euros. U.S. premarket trading begins at 0900 GMT.</p>\n<p>Fee-free online broker Robinhood, which has been at the centre of the phenomenon, has further relaxed trading restrictions on the hottest retail-trader stocks before U.S. markets open on Thursday.</p>\n<p>Traders can now buy as many as 500 GameStop shares, up from a limit of 100. The limit on AMC shares was set at 5,500 and buying limits on other stocks were removed.</p>\n<p>Robinhood had imposed the limits and has been raising billions of dollars in capital because clearing houses, which mediate stock-market trades, had demanded extra collateral.</p>\n<p>Broader markets slipped on Thursday amid worries about Sino-U.S. tensions and tightening monetary policy in China. </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>Retail frenzy stalls as focus falls on regulator meeting</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; 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}\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\">\nRetail frenzy stalls as focus falls on regulator meeting\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-04 17:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/us-retail-trade/retail-frenzy-stalls-as-focus-falls-on-regulator-meeting-idUSKBN2A40Z0?il=0><strong>reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON (Reuters) - Stocks at the heart of a recent buying frenzy driven by social media slipped in thin European trade on Thursday, adding to the sense that their spectacular rallies might be fizzling...</p>\n\n<a href=\"https://www.reuters.com/article/us-retail-trade/retail-frenzy-stalls-as-focus-falls-on-regulator-meeting-idUSKBN2A40Z0?il=0\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a82005fdd5a20870413111b3adc1a547","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.reuters.com/article/us-retail-trade/retail-frenzy-stalls-as-focus-falls-on-regulator-meeting-idUSKBN2A40Z0?il=0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145503111","content_text":"LONDON (Reuters) - Stocks at the heart of a recent buying frenzy driven by social media slipped in thin European trade on Thursday, adding to the sense that their spectacular rallies might be fizzling just as U.S. regulators meet to discuss last week’s wild ride.\nThe Frankfurt-listed shares of videogame retailer GameStop fell 12% and cinema operator AMC Entertainment dropped 9%, and the losses put their prices more or less in line with where they had settled in U.S. after-market trade.\nU.S. Treasury Secretary Janet Yellen will meet financial regulators on Thursday to discuss GameStop and the recent market volatility, the Department of Treasury said.\nFocus could fall on the online forums where mass buying of GameStop and AMC was discussed last week, and on the ever-larger role played by hedge funds in financial markets.\n“It’s about making sure that the playing field is level and also making sure that ... retail investors are protected and making sure that the types of accounts, the types of trading, and the types of products they use are certainly suitable,” said Ben Slaven, global head of exchange-traded funds asset servicing at BNY Mellon.\nYellen will meet with the heads of the U.S. Securities and Exchange Commission, Federal Reserve Board, Federal Reserve Bank of New York, and Commodity Futures Trading Commission.\nAlong with others targeted by the retail crowd, the stocks rose soared last week, as buying triggered a “short squeeze,” and funds that had bet against the companies scrambled to close their positions by purchasing the stocks at high prices.\nThursday posts on Reddit implored investors to hang on, although many analysts think the squeeze is probably over and broader market attention has begun to turn to the possible fallout.\n“The FOMO was too strong. Nothing to do but hold now,” wrote one user, who said he had bought in to GameStop shares at $370. GameStop last traded in Frankfurt at 80.80 euros ($97.05) and AMC at 7.40 euros. U.S. premarket trading begins at 0900 GMT.\nFee-free online broker Robinhood, which has been at the centre of the phenomenon, has further relaxed trading restrictions on the hottest retail-trader stocks before U.S. markets open on Thursday.\nTraders can now buy as many as 500 GameStop shares, up from a limit of 100. The limit on AMC shares was set at 5,500 and buying limits on other stocks were removed.\nRobinhood had imposed the limits and has been raising billions of dollars in capital because clearing houses, which mediate stock-market trades, had demanded extra collateral.\nBroader markets slipped on Thursday amid worries about Sino-U.S. tensions and tightening monetary policy in China.","news_type":1},"isVote":1,"tweetType":1,"viewCount":64,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":317634350,"gmtCreate":1612443681770,"gmtModify":1704871263786,"author":{"id":"3573810478609459","authorId":"3573810478609459","name":"StockWrecker","avatar":"https://static.itradeup.com/news/3a3f17e51d8ca276fab2be7539c71132","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810478609459","authorIdStr":"3573810478609459"},"themes":[],"htmlText":"Rise noww&nbsp;","listText":"Rise noww&nbsp;","text":"Rise noww","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317634350","repostId":"1162866028","repostType":4,"repost":{"id":"1162866028","kind":"news","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":1612435357,"share":"https://ttm.financial/m/news/1162866028?lang=&edition=fundamental","pubTime":"2021-02-04 18:42","market":"us","language":"en","title":"Nokia warns of \"challenging\" year as it plays catch-up","url":"https://stock-news.laohu8.com/highlight/detail?id=1162866028","media":"Reuters","summary":"HELSINKI (Reuters) - Finnish telecom network equipment maker Nokia warned of challenges to come this","content":"<p>HELSINKI (Reuters) - Finnish telecom network equipment maker Nokia warned of challenges to come this year as it tries to catch up with rivals after a strong finish to 2020.</p>\n<p>While both Nokia and rival Ericsson have been gaining 5G customers that might otherwise have gone to China’s Huawei, Ericsson has fared better, winning also big 5G contracts in China, where the deployment of the next-generation network is in full swing.</p>\n<p>“We have not yet made a breakthrough in 5G (in China) but of course we are not excluding that possibility going forward,” new Chief Executive Pekka Lundmark told Reuters. “But we want to be prudent so that we do not want to be there at any cost.”</p>\n<p>Lundmark reported better than expected fourth-quarter revenue and underlying profit on Thursday but Nokia forecast 2021 revenue to fall to between 20.6-21.8 billion euros ($25-26 billion) from 21.9 billion euros in 2020.</p>\n<p>“We expect 2021 to be challenging, a year of transition, with meaningful headwinds due to market share loss and price erosion in North America,” Lundmark said.</p>\n<p>Nokia said it had lost a part of the Verizon 5G contract in the United States to Samsung Electronics.</p>\n<p>Lundmark announced a new strategyherein October, under which the company will have four business groups and said Nokia would \"do whatever it takes\" to take the lead in 5G, as it banks on also capturing share from Huawei.</p>\n<p>“We believe that we have year-to-date captured about half of the geopolitically influenced opportunities that are there,” Lundmark said. “Most of these cases have been in Europe.”</p>\n<p>Nokia said a growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products. Revenue at its mainstay networks business fell 7% to 5.04 billion euros ($6.05 billion).</p>\n<p>Revenue overall fell 5% to 6.57 billion euros during the quarter, but beat a consensus figure of 6.42 billion euros, Refinitiv Eikon data showed.</p>\n<p>Quarterly underlying earnings fell to 0.14 euros per share from 0.15 euros a year ago, beating the 0.11 euros consensus.</p>\n<p>There was also a boost of about 250 million euros one-time items and net sales of 150 million in the quarter that it had expected in 2021.</p>\n<p>Nokia shares, which were down 1.9% in morning trade, have seen wild swings over the last two weeks as the stock has been targeted by the retail trading frenzy, alongside GameStop Corp and other tech companies.</p>\n<p>“We maintain our view that Nokia continues to lag Ericsson in technology and is unlikely to catch up before 2022,” Liberum analyst Janardan Menon said.</p>\n<p>($1 = 0.8345 euros)</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>Nokia warns of \"challenging\" year as it plays catch-up</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; 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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\">\nNokia warns of \"challenging\" year as it plays catch-up\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\">2021-02-04 18:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>HELSINKI (Reuters) - Finnish telecom network equipment maker Nokia warned of challenges to come this year as it tries to catch up with rivals after a strong finish to 2020.</p>\n<p>While both Nokia and rival Ericsson have been gaining 5G customers that might otherwise have gone to China’s Huawei, Ericsson has fared better, winning also big 5G contracts in China, where the deployment of the next-generation network is in full swing.</p>\n<p>“We have not yet made a breakthrough in 5G (in China) but of course we are not excluding that possibility going forward,” new Chief Executive Pekka Lundmark told Reuters. “But we want to be prudent so that we do not want to be there at any cost.”</p>\n<p>Lundmark reported better than expected fourth-quarter revenue and underlying profit on Thursday but Nokia forecast 2021 revenue to fall to between 20.6-21.8 billion euros ($25-26 billion) from 21.9 billion euros in 2020.</p>\n<p>“We expect 2021 to be challenging, a year of transition, with meaningful headwinds due to market share loss and price erosion in North America,” Lundmark said.</p>\n<p>Nokia said it had lost a part of the Verizon 5G contract in the United States to Samsung Electronics.</p>\n<p>Lundmark announced a new strategyherein October, under which the company will have four business groups and said Nokia would \"do whatever it takes\" to take the lead in 5G, as it banks on also capturing share from Huawei.</p>\n<p>“We believe that we have year-to-date captured about half of the geopolitically influenced opportunities that are there,” Lundmark said. “Most of these cases have been in Europe.”</p>\n<p>Nokia said a growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products. Revenue at its mainstay networks business fell 7% to 5.04 billion euros ($6.05 billion).</p>\n<p>Revenue overall fell 5% to 6.57 billion euros during the quarter, but beat a consensus figure of 6.42 billion euros, Refinitiv Eikon data showed.</p>\n<p>Quarterly underlying earnings fell to 0.14 euros per share from 0.15 euros a year ago, beating the 0.11 euros consensus.</p>\n<p>There was also a boost of about 250 million euros one-time items and net sales of 150 million in the quarter that it had expected in 2021.</p>\n<p>Nokia shares, which were down 1.9% in morning trade, have seen wild swings over the last two weeks as the stock has been targeted by the retail trading frenzy, alongside GameStop Corp and other tech companies.</p>\n<p>“We maintain our view that Nokia continues to lag Ericsson in technology and is unlikely to catch up before 2022,” Liberum analyst Janardan Menon said.</p>\n<p>($1 = 0.8345 euros)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9bc0118e35c2c3a2c9e015f33f2d4de8","relate_stocks":{"NOK":"诺基亚"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162866028","content_text":"HELSINKI (Reuters) - Finnish telecom network equipment maker Nokia warned of challenges to come this year as it tries to catch up with rivals after a strong finish to 2020.\nWhile both Nokia and rival Ericsson have been gaining 5G customers that might otherwise have gone to China’s Huawei, Ericsson has fared better, winning also big 5G contracts in China, where the deployment of the next-generation network is in full swing.\n“We have not yet made a breakthrough in 5G (in China) but of course we are not excluding that possibility going forward,” new Chief Executive Pekka Lundmark told Reuters. “But we want to be prudent so that we do not want to be there at any cost.”\nLundmark reported better than expected fourth-quarter revenue and underlying profit on Thursday but Nokia forecast 2021 revenue to fall to between 20.6-21.8 billion euros ($25-26 billion) from 21.9 billion euros in 2020.\n“We expect 2021 to be challenging, a year of transition, with meaningful headwinds due to market share loss and price erosion in North America,” Lundmark said.\nNokia said it had lost a part of the Verizon 5G contract in the United States to Samsung Electronics.\nLundmark announced a new strategyherein October, under which the company will have four business groups and said Nokia would \"do whatever it takes\" to take the lead in 5G, as it banks on also capturing share from Huawei.\n“We believe that we have year-to-date captured about half of the geopolitically influenced opportunities that are there,” Lundmark said. “Most of these cases have been in Europe.”\nNokia said a growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products. Revenue at its mainstay networks business fell 7% to 5.04 billion euros ($6.05 billion).\nRevenue overall fell 5% to 6.57 billion euros during the quarter, but beat a consensus figure of 6.42 billion euros, Refinitiv Eikon data showed.\nQuarterly underlying earnings fell to 0.14 euros per share from 0.15 euros a year ago, beating the 0.11 euros consensus.\nThere was also a boost of about 250 million euros one-time items and net sales of 150 million in the quarter that it had expected in 2021.\nNokia shares, which were down 1.9% in morning trade, have seen wild swings over the last two weeks as the stock has been targeted by the retail trading frenzy, alongside GameStop Corp and other tech companies.\n“We maintain our view that Nokia continues to lag Ericsson in technology and is unlikely to catch up before 2022,” Liberum analyst Janardan Menon said.\n($1 = 0.8345 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clap","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9093650100","isVote":1,"tweetType":1,"viewCount":167,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9099637734,"gmtCreate":1643342503518,"gmtModify":1676533808275,"author":{"id":"3573810478609459","authorId":"3573810478609459","name":"StockWrecker","avatar":"https://static.itradeup.com/news/3a3f17e51d8ca276fab2be7539c71132","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810478609459","authorIdStr":"3573810478609459"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a>Huat pals","listText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a>Huat pals","text":"$Apple(AAPL)$Huat pals","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9099637734","isVote":1,"tweetType":1,"viewCount":316,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":317634116,"gmtCreate":1612443703235,"gmtModify":1704871264917,"author":{"id":"3573810478609459","authorId":"3573810478609459","name":"StockWrecker","avatar":"https://static.itradeup.com/news/3a3f17e51d8ca276fab2be7539c71132","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810478609459","authorIdStr":"3573810478609459"},"themes":[],"htmlText":"Retailers will win","listText":"Retailers will win","text":"Retailers will win","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/317634116","repostId":"1145503111","repostType":4,"isVote":1,"tweetType":1,"viewCount":64,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":317927515,"gmtCreate":1612409082837,"gmtModify":1704870776445,"author":{"id":"3573810478609459","authorId":"3573810478609459","name":"StockWrecker","avatar":"https://static.itradeup.com/news/3a3f17e51d8ca276fab2be7539c71132","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810478609459","authorIdStr":"3573810478609459"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>Broke","listText":"<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>Broke","text":"$GameStop(GME)$Broke","images":[{"img":"https://static.tigerbbs.com/f2cfacbc8d4cf9c8fd310d5aa0478e55","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317927515","isVote":1,"tweetType":1,"viewCount":568,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":315194692,"gmtCreate":1612216426016,"gmtModify":1704868338247,"author":{"id":"3573810478609459","authorId":"3573810478609459","name":"StockWrecker","avatar":"https://static.itradeup.com/news/3a3f17e51d8ca276fab2be7539c71132","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810478609459","authorIdStr":"3573810478609459"},"themes":[],"htmlText":"Come on everybody hold the line","listText":"Come on everybody hold the line","text":"Come on everybody hold the line","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/315194692","repostId":"1150739186","repostType":4,"repost":{"id":"1150739186","kind":"news","pubTimestamp":1612172682,"share":"https://ttm.financial/m/news/1150739186?lang=&edition=fundamental","pubTime":"2021-02-01 17:44","market":"us","language":"en","title":"The market frenzy for stocks like Gamestop is not purely driven by retail investors","url":"https://stock-news.laohu8.com/highlight/detail?id=1150739186","media":"cnbc","summary":"KEY POINTS\n\nThe recent market frenzy in stocks such as Gamestop was unlikely to have been purely dri","content":"<div>\n<p>KEY POINTS\n\nThe recent market frenzy in stocks such as Gamestop was unlikely to have been purely driven by retail investors, argues INSEAD's Bart Zhou Yueshen.\nInvestors have been piling into stocks ...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/01/its-unlikely-retail-investors-alone-drove-short-squeeze-professor-says.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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> The market frenzy for stocks like Gamestop is not purely driven by retail investors</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\">\n The market frenzy for stocks like Gamestop is not purely driven by retail investors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-01 17:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/01/its-unlikely-retail-investors-alone-drove-short-squeeze-professor-says.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nThe recent market frenzy in stocks such as Gamestop was unlikely to have been purely driven by retail investors, argues INSEAD's Bart Zhou Yueshen.\nInvestors have been piling into stocks ...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/01/its-unlikely-retail-investors-alone-drove-short-squeeze-professor-says.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b1fdaab121d904fee30d8fe32e39819a","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.cnbc.com/2021/02/01/its-unlikely-retail-investors-alone-drove-short-squeeze-professor-says.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1150739186","content_text":"KEY POINTS\n\nThe recent market frenzy in stocks such as Gamestop was unlikely to have been purely driven by retail investors, argues INSEAD's Bart Zhou Yueshen.\nInvestors have been piling into stocks with a large percent of their shares sold \"short\" and creating \"short squeezes,\" or driving traders on the other side of the bet to buy more stock to cover their losses.\nRetail traders have been largely credited with spawning these rallies, especially investors in the WallStreetBets community on Reddit.\n\nIt's unlikely that the recent market frenzy in stocks such asGamestopand AMC Entertainment was purely driven by retail investors, argues Bart Zhou Yueshen, assistant professor of finance at INSEAD.\n\"Given the amount of trading volume last week we saw, it is just hard for me to believe it was only these retail investors who were trying to push the squeeze,\" Zhou told CNBC's \"Street Signs Asia\" on Monday.\nIn the past week, U.S. market headlines have been dominated by the stunning rallies in stocks like GameStop, which has rocketed more than 1,500% since the start of the year. Investors were piling into stocks with a large percent of their shares sold \"short\" and creating \"short squeezes,\" or driving traders on the other side of the bet to buy more stock to cover their losses.\nShort selling is a strategy in which investors borrow shares of a stock at a certain price in expectations that the market value will fall below that level when it's time to pay for the borrowed shares.\n\"It is also very difficult to believe that in this short squeeze, the buy side is completely driven by the retail and there is no institutions jumping in,\" he added: \"Institutions are not dumb right? They look at these short-squeeze opportunities, they can definitely go in there.\"\nRetail traders have been largely credited with spawning these rallies, especially investors in the WallStreetBets community on Reddit. The market upheaval has generally been viewed through apopulist lens, pitting Wall Street professionals against amateur tradersarmed with zero-commission trading apps like Robinhood.\nChallenge for regulators\nAs individual investors expressed enthusiasm over GameStop, AMC and other stocks on Reddit, questions began to surface about whether this trading activity amounted to market manipulation.\nZhou said while regulators \"can definitely try to step in,\" it's not clear whether they will find evidence of market manipulation.\n\"In order to establish manipulation, you would need to establish some kind of malintention in the first place,\" the professor said. \"That is, in my opinion, not so obvious in this case.\"\nHe explained the chatter on platforms such as Reddit can be characterized as investors simply \"expressing their opinions\" over stocks they wish to buy and sell.\n\"The hedge funds can do the same,\" Zhou said. \"Nothing ... in this regard is particularly concerning.\"\nThe burden of proof now falls upon regulators to establish \"hard evidence\" of wrong doing, a task that Zhou admitted was \"quite difficult to establish.\"\nFor its part, the Securities and Exchange Commission said it willreview the recent trading volatility, saying: \"We will act to protect retail investors when the facts demonstrate abusive or manipulative trading activity that is prohibited by the federal securities laws.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":272,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312601770,"gmtCreate":1612129390490,"gmtModify":1704867296173,"author":{"id":"3573810478609459","authorId":"3573810478609459","name":"StockWrecker","avatar":"https://static.itradeup.com/news/3a3f17e51d8ca276fab2be7539c71132","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810478609459","authorIdStr":"3573810478609459"},"themes":[],"htmlText":"Huat","listText":"Huat","text":"Huat","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/312601770","repostId":"1131015158","repostType":4,"repost":{"id":"1131015158","kind":"news","pubTimestamp":1611902095,"share":"https://ttm.financial/m/news/1131015158?lang=&edition=fundamental","pubTime":"2021-01-29 14:34","market":"us","language":"en","title":"Who is Trading on U.S. Markets?","url":"https://stock-news.laohu8.com/highlight/detail?id=1131015158","media":"Nasdaq","summary":"The U.S. equity market is the largest and most liquid stock market in the world (Chart 1).As of year","content":"<p>The U.S. equity market is the largest and most liquid stock market in the world (Chart 1).</p><p>As of year-end 2019, the market cap of publicly traded companies listed in the U.S. totaled almost $38 trillion, representing nearly 40% of totalglobal marketcapitalization. On an average day in 2019, trading in company stocks (excluding ETPs) adds to $233 billion. That results in turnover, multiplied by a company’s market cap trades each year, which is more than double what we see in Asia or Europe.</p><p>Better liquidity for all companies should result in&nbsp;lower trading costs&nbsp;for investors and lower&nbsp;costs of capital&nbsp;for issuers.</p><p><b>Chart 1: The U.S. equity market is the most liquid in the world (2019 data shown)</b><img src=\"https://static.tigerbbs.com/750bf1eaa39bf5912710666180423d55\" tg-width=\"843\" tg-height=\"557\" referrerpolicy=\"no-referrer\"></p><p>Which raises a question: “Who is doing all this U.S. stock trading?”</p><p>The answer isn’t obvious, as very little trading is attributed to counterparties in public data sources. But using a number of sources, the estimates we create below show that all the participants in the&nbsp;U.S. markets ecosystem&nbsp;have different and important roles to play. These different players keep trading spreads low and prices efficient, and transfer liquidity between markets rapidly and cheaply.</p><p><b>Chart 2: The U.S. market ecosystem shows lots of participants contribute to liquidity</b><img src=\"https://static.tigerbbs.com/6184c14291f0a33d44ed198bce806821\" tg-width=\"827\" tg-height=\"765\" referrerpolicy=\"no-referrer\"></p><p>Our estimates are shown below in Table 1. But there are a few things to highlight before we get going:</p><ul><li>Liquidity is relevant to both buyers&nbsp;<i>and</i>&nbsp;And risk is hedged in dollars, not shares. So we look at the value of&nbsp;<i>gross</i>&nbsp;liquidity (trades x 2). So&nbsp;<i>trading</i>&nbsp;of $233 billion per day actually represents&nbsp;<i>liquidity</i>&nbsp;of double that, or $466 billion per day.</li><li>Because most of the data from 2020 isn’t available yet, we’re basing these estimates on 2019 trading and assets. Total liquidity in 2020 actually increased 50% to almost $700 billion per day, thanks to an increase in retail trading and volatility caused by COVID-19.</li><li>Public data becomes harder and harder to find the more we progress down the list in Table 1. Accordingly, our estimates would increasingly adjust once more data becomes available.</li><li>We don’t include ETF trading, even though they are&nbsp;NMS stocks, which would add another $88 billion per day, or $176 billion in liquidity.</li></ul><p>We also try to separate our estimates by strategies available to investors (“natural” investors) and those deployed by liquidity providers (intermediators).</p><p><b>Table 1: Estimating who contributes to market liquidity</b><img src=\"https://static.tigerbbs.com/ce7e8a9db500a8d200aab6a55764908f\" tg-width=\"830\" tg-height=\"661\" referrerpolicy=\"no-referrer\"></p><p>So, let’s walk through how we arrived at these estimates.</p><p><b>How much do investors trade?</b></p><p>As Chart 3 shows, investors represent a small section of the market ecosystem, although data shows that they own the majority of stock market capital.</p><p>Around two-thirds of corporate shares are owned by U.S. households via mutual funds (22%), pension funds (11%) or retail brokerage (34%) accounts. And an additional 16% are owned by foreign investors, likely mostly through professionally managed investments too.</p><p><b>Chart 3: Ownership of U.S. stocks</b><img src=\"https://static.tigerbbs.com/86ec9c7de9bf77f18a31094ba470b364\" tg-width=\"838\" tg-height=\"526\" referrerpolicy=\"no-referrer\"><b>How much do mutual funds trade?</b></p><p>Let’s start with professionally managed investments: mutual funds (domestic and international), ETFs and pensions. We know their assets are around $21.2 trillion (Chart 3).</p><p>ICI tracks the&nbsp;average turnover&nbsp;of all mutual funds. Their data shows that average turnover has been steadily declining for most of the past 35 years and now sits below 30% per annum each side.</p><p>Some of the decline is due to the rise in index funds. As we discuss below, they have a much&nbsp;lower turnover. Even when we account for that, we estimate active trading has still fallen to around 47% each side, equating to longer average hold times even in active institutional accounts.</p><p><b>Chart 4: Mutual fund turnover has declined to around 30%</b><img src=\"https://static.tigerbbs.com/fa5b070aeac70dd7d00d369f1f131dda\" tg-width=\"849\" tg-height=\"583\" referrerpolicy=\"no-referrer\">Knowing that mutual funds tend to stay close to fully invested, we know that their buys are likely offset by sells, so turnover will result in a two-sided trade. Doing the math:</p><p>Mutual fund trading = $21.1 trillion in assets x 28% turnover x 2 sides</p><p>= $47.2 billion per day, or less than 10% of liquidity.</p><p>This total is somewhat understated as ICI doesn’t include cash inflows and outflows. If gross cash flows are (say) half the size again of trades, that would lead to around $70 billion in liquidity each day, or just 15% of all liquidity.</p><p><b>Index funds trade much (much) less</b></p><p>One of the common myths of liquidity is that because index funds have such large assets and consistent inflows, they also do a lot of trading, which also distorts prices.</p><p>The truth is very different. In fact,&nbsp;BlackRock&nbsp;estimated in 2017 that for every $1 in index trading, there was more than $20 in active trading.</p><p>That’s because index funds are designed to do very little trading. Once an index portfolio buys an index weight holding of a stock, in principle, they don’t have to trade it ever again. As the price of the stock rises, so does its weight in the index and in the portfolio, and the portfolio tracks the performance of the index perfectly. That should make index funds some of the longest-term holders of stocks in the market.</p><p>In the real world, some trading is required. As companies raise more capital or buy back stock, index funds also need to adjust holdings. IPOs, mergers and price changes can also cause stocks to be added and deleted from indexes, also requiring the index portfolio to trade. But index providers tend to do that infrequently. In fact,&nbsp;S&amp;P 500 turnover&nbsp;is estimated at around 4.4%, a statistic consistent with Credit Suisse’s estimates for the annual Russell 1000 reconstitution of just 3% over recent years.</p><p>Although small-cap indexes see higher turnover as their largest holdings are often promoted to large-cap indexes during the year. For example, Credit Suisse also estimates turnover in the small-cap Russell 2000 is much higher at around 20%.</p><p>In addition, because index funds are focused on replicating their index, not trying to beat it, they tend to trade exactly when the index trades. That means almost all their trading happens at the close.</p><p>Interestingly, despite their sizable assets, Credit Suisse’s index team estimated that all U.S. index funds traded&nbsp;just over $300 billion&nbsp;in 2019, including adds and deletes (both buys and sells). The&nbsp;BlackRock&nbsp;study of 2017 estimated that index funds traded $460 billion annually. Even this higher turnover estimate means index funds make up less than 0.5% of all liquidity in the stock market.</p><p>Because indexes themselves tend to minimize their rebalances, we also see that there are nine dates each year when index funds do&nbsp;most of their trading. Data suggests that index funds are around 40% of all trading on index rebalance dates, but cash flows that occur on other days add to less than 5% of close volume, hardly enough to impact price discovery.</p><p><b>Chart 5: Trading in the close higher on index rebalance dates</b><img src=\"https://static.tigerbbs.com/b2fcee6a01b19149c5c43f4810606571\" tg-width=\"839\" tg-height=\"518\" referrerpolicy=\"no-referrer\">That leaves active funds providing almost all of the $70 trillion in mutual fund liquidity, and basically to 100% of intraday trading and price discovery done by mutual funds.</p><p>There are two important points to note about this. Even though index funds are large:</p><ul><li>Their turnover is low, making them even longer-term holders than active investors.</li><li>Their contribution to price discovery (or price distortions, as some claim) is muted.</li></ul><p><b>Chart 6: Index funds have grown to around 40% of all mutual fund assets</b><img src=\"https://static.tigerbbs.com/f847fbcbc3db0bbe61eb12fe1b10d8a7\" tg-width=\"840\" tg-height=\"554\" referrerpolicy=\"no-referrer\"><b>Hedge funds have fewer assets but higher turnover</b></p><p>Based on&nbsp;estimates, hedge funds hold around 3% of total corporate equities. This translates into roughly $1 trillion in assets under management (AUM). However, most hedge funds are both levered and operating higher turnover (lower hold time) strategies, which increases the liquidity they supply to the market.</p><p>Hedge funds are notoriously secretive. They also have a wide range of strategies from long term activists to high turnover stat-arb funds. So finding good average trading data is hard.</p><ul><li>This paper&nbsp;suggests that equity hedge fund leverage could be around two times. That puts gross assets are closer to $2 trillion, although&nbsp;short interest data&nbsp;suggests that a lot of hedge funds actually short with ETFs (reducing stock trading). Other data suggests some hedge funds lever up during the day.</li><li>Other sources suggest hedge fund turnover is between&nbsp;120%&nbsp;and&nbsp;200%&nbsp;per annum, which implies an average hold time for each stock of less than one year.</li><li>Some funds likely trade much more intraday and minimize overnight exposures (increasing stock trading), but we classify them as intermediation liquidity in Table 1, rather than as a strategy used by natural investors.</li></ul><p>Using these conservative estimates:</p><p>Hedge fund trading = $1 trillion in assets x (2 leverage x 2 sides) x 200% turnover = $9 trillion in liquidity each year</p><p>= $36 billion/day or 8% of all liquidity.</p><p><b>What about ETFs?</b></p><p>With&nbsp;ETF liquidity of $176 billion per day&nbsp;(both sides) in 2019, it is easy to say they cause a lot of stock trading, but that’s not true. There are three types of ETF liquidity:</p><ol><li><b>ETFs as mutual funds:</b>&nbsp;Just like other mutual funds, their portfolio will turnover as indexes change. However, most ETF assets are in index-style portfolios where turnover by the portfolio manager is limited. Consequently, we have included these in the mutual fund turnover metrics in the mutual funds section above.</li><li><b>ETF trading:</b>&nbsp;ETFs are their own ticker. An investor trading an ETF&nbsp;usually has nothing to do&nbsp;with underlying company stocks. In many QQQ trades, both the buyer and seller usually represent traders choosing ETFs because they are a cheaper way to gain portfolio exposure.</li><li><b>ETF to stock arbitrage</b>: Only authorized participants have the ability to arbitrage between the ETF and the stocks. We classify them as intermediaries (not naturals) and discuss their impact on stock liquidity later.</li></ol><p><b>What proportion of professional investors trade in dark pools?</b></p><p>All of the categories above could be considered “professional investors.” They are likely to use&nbsp;brokers’ algorithms&nbsp;to work orders in the market. As a whole, these professional investors (mutual, international, pension and ETF funds) represent almost 60% of all investor assets, but just 23% of all liquidity.</p><p>We also know that brokers route their orders through dark pools—and we know that&nbsp;dark pools represent around 12%&nbsp;of all liquidity.</p><p>Even with market makers in dark pools, the math shows that professional investors execute a material proportion of their trades in dark pools, possibly 30% or more.</p><p><b>What about retail?</b></p><p>Retail trading grew significantly in 2020 to&nbsp;around 20%&nbsp;of the market. However, even in 2019, with 15% of all trades being retail, they represented a meaningful amount of “investor” liquidity.</p><p>However, the way people refer to retail market share overstates their contribution to liquidity for two reasons:</p><ol><li>Each retail trade represents a buyer&nbsp;<i>or</i>&nbsp;seller, so they are on one side of 15% of&nbsp;<i>shares</i></li><li>Retail tends to trade lower-priced stocks (see Chart 7). Using non-ATS TRF data by ticker, we estimate their contribution to&nbsp;<i>value</i>&nbsp;traded is actually 15% lower.</li></ol><p>That adds to closer to $30 billion each day in 2019, or just over 6% of all liquidity.</p><p><b>Chart 7: Retail tends to trade lower-priced stocks more, reducing their contribution to notional liquidity</b><img src=\"https://static.tigerbbs.com/5fb7571f7a20913204cd900b55773c47\" tg-width=\"830\" tg-height=\"596\" referrerpolicy=\"no-referrer\"><b>Where do Naturals trade?</b></p><p>So far, we have accounted for around 93% of assets but less than 30% of all liquidity.</p><p>That’s less than all the liquidity that trades off-exchange. With dark pools representing 12% of all trades and other off exchange adding to 29% of all trades.</p><p>That seems to indicate that a material proportion of naturals execute off-exchange – even though they rely on the exchanges for efficient prices and tight spreads. Ironically that makes the role of intermediaries, and competitive quotes on exchanges, even more important to the whole ecosystem. (It’s also a reason to reward the public market for sharing price data – but that’s a topic for another day)</p><p><b>Chart 8: These calculations indicate natural investors rely on exchanges for efficient prices but do a large proportion of trading off exchanges</b><img src=\"https://static.tigerbbs.com/f8a0508b17c8db1f9b8a96b973225c11\" tg-width=\"836\" tg-height=\"769\"></p><p><b>What about the rest?</b></p><p>The breakdown for the other 70% of liquidity is much harder to support with public data, but our estimates show this is where specialist liquidity providers step in to keep markets and spreads efficient.</p><p>It includes a lot of different strategies, from two-sided liquidity provision to cross market arbitrage to statistical arbitrage strategies, all targeting short-term mispricing caused by other traders.</p><p>Their size in the U.S. market is a testament to low transaction costs, which allow for risk to be transferred via one or more additional trades. It is also a result of fragmentation and segmentation that increases facilitated trades.</p><p>Here our estimates are based on less hard data but inferred from other levels of activity. To see how intermediaries could add to 70% of liquidity, consider:</p><ul><li><b>Wholesaler facilitation</b>: Each&nbsp;retail trade facilitated off-exchange&nbsp;has a wholesaler on the other side. So the intermediation doubles the liquidity recorded (totaling 13% of all liquidity). However, TRF data shows the major wholesalers actually print trades representing closer to 25% of all liquidity, or about $117 billion per day. That additional 12% of all liquidity represents $57 billion, and likely trades with institutional investors or even other brokers.</li><li><b>Equity futures</b>&nbsp;traded around $620 billion each day in 2019, even more liquidity than the whole underlying U.S. stock market (Chart 9). S&amp;P 500 Futures spreads are tight, at 0.8 basis points (bps), and there are arbitrage opportunities with SPY ETFs at 0.4bps and underlying portfolio at 4bps. Given stocks are the most expensive, it’s likely that most futures trades do NOT cause stocks to trade. But if just 5% of futures trading led to stock arbitrage, that would account for around $31bn/day or 7% of all stock liquidity, almost all in S&amp;P500 stocks.</li><li><b>ETF arbitrage:</b>As discussed above, some “authorized participants” are able to convert rich stocks into cheaper ETFs and vice versa, a critical market function that keeps ETFs fairly priced for investors. However, ETF spreads are&nbsp;often so cheap&nbsp;that there are no arbitrage opportunities. Industry estimates peg the amount of trading that is ETF arbitrage at&nbsp;between 4% and 10% of ETF trading. If that’s the case, then ETF arbitrage contributes around $11 billion per day in liquidity, of just 2% of all liquidity. That’s consistent with the average creations plus redemptions per day (Chart 9), although that also includes many non-U.S. equity ETFs.</li></ul><p><b>Chart 9: ETF creations are a fraction of ETF liquidity, which is a fraction of stock liquidity, which itself is a fraction of equity futures liquidity</b><img src=\"https://static.tigerbbs.com/12186b4f2fe4046cb66be42b3a4428cf\" tg-width=\"840\" tg-height=\"580\" referrerpolicy=\"no-referrer\"></p><ul><li><b>Options</b>&nbsp;markets require initial hedges and constant delta hedging. Notional trading of stock options totals $221 billion per day. If just 30% of notional leads to stock hedges and arbitrage, that translates to $66 billion per day, or 14% of liquidity.</li><li><b>Market makers’</b>&nbsp;purpose is to provide two-sided liquidity, not hold stocks long or short. They make money by accurately pricing the spread, and investors benefit from instantaneous liquidity on market orders. Given how few natural investors actually trade on-exchange, it’s more likely than many expect that the quotes on the screen are in fact market makers intermediating trades. If market makers provide liquidity on one side of every second trade on-exchange, that would add to around 16% in total liquidity.</li><li><b>Opportunistic traders:</b>&nbsp;Some traders run arbitrage strategies that correct mispricing, often by taking liquidity. We note that&nbsp;this paper&nbsp;suggests hedge funds made up as much as 30% of all trades, almost double our estimate above. That’s likely because traders with short-term mispricing strategies and small overnight balance, like statistical arbitrage, are excluded from our estimates above. These traders provide important risk transfers, even though there are little overnight positions or leverage. Given liquidity providers make up 16%, it’s possible these taker strategies add to 8% of all liquidity, or $37 billion per day.</li></ul><p>That still leaves us with a pretty large “other” category, at least from the perspective of natural investors. However, there are many other trading and hedging strategies we don’t know much about. For example, hedge funds also buy swaps and OTC options contracts from banks who still need to hedge their risk. Without data on the size of those markets, it’s difficult to estimate their impact on stock trading, but their gamma could even explain some of the growth in market-on-close trading.</p><p>It’s also possible some of our intermediation estimates are off by at least this amount (given the lack of real data to reconcile to).</p><p><b>Chart 10: Naturals hold most assets, but intermediation makes up most of the trading</b><img src=\"https://static.tigerbbs.com/5433155e6e58652d046d387c3c7bc1f6\" tg-width=\"847\" tg-height=\"495\" referrerpolicy=\"no-referrer\"></p><p><b>What does this teach us?</b></p><p>We would love to have more data to refine our results. But even as they stand, it helps us understand the role of each participant, bringing liquidity and price efficiency to the ecosystem. The data also busts some common myths:</p><ul><li><b>Index funds don’t trade much at all</b>, which means they can’t permanently distort prices either.</li><li><b>Price discovery comes from active funds and hedge funds.</b>Informed trading overwhelms index fund inflows.</li><li><b>Lots of other participants specialize in risk transfer</b>, from futures arbitrage to statistical arbitrage to classic market making. By process of elimination, these participants may trade even more than all the natural investors combined. But having all this competition for lit trading is also critical to the rest of the market who rely on tight spreads and instant liquidity.</li></ul><p>The key takeaway though is that very low costs to trade in the U.S. allow so many specialists to play a role in keeping markets efficient. Rather than degrading market quality, all the competition for marginally profitable trades translates into more liquidity and tighter spreads for investors, which in turn leads to&nbsp;more attractive valuations&nbsp;for issuers.</p>","source":"lsy1603171495471","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>Who is Trading on U.S. Markets?</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\">\nWho is Trading on U.S. Markets?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-29 14:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.nasdaq.com/articles/who-is-trading-on-u.s.-markets-2021-01-28><strong>Nasdaq</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. equity market is the largest and most liquid stock market in the world (Chart 1).As of year-end 2019, the market cap of publicly traded companies listed in the U.S. totaled almost $38 ...</p>\n\n<a href=\"https://www.nasdaq.com/articles/who-is-trading-on-u.s.-markets-2021-01-28\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.nasdaq.com/articles/who-is-trading-on-u.s.-markets-2021-01-28","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131015158","content_text":"The U.S. equity market is the largest and most liquid stock market in the world (Chart 1).As of year-end 2019, the market cap of publicly traded companies listed in the U.S. totaled almost $38 trillion, representing nearly 40% of totalglobal marketcapitalization. On an average day in 2019, trading in company stocks (excluding ETPs) adds to $233 billion. That results in turnover, multiplied by a company’s market cap trades each year, which is more than double what we see in Asia or Europe.Better liquidity for all companies should result in lower trading costs for investors and lower costs of capital for issuers.Chart 1: The U.S. equity market is the most liquid in the world (2019 data shown)Which raises a question: “Who is doing all this U.S. stock trading?”The answer isn’t obvious, as very little trading is attributed to counterparties in public data sources. But using a number of sources, the estimates we create below show that all the participants in the U.S. markets ecosystem have different and important roles to play. These different players keep trading spreads low and prices efficient, and transfer liquidity between markets rapidly and cheaply.Chart 2: The U.S. market ecosystem shows lots of participants contribute to liquidityOur estimates are shown below in Table 1. But there are a few things to highlight before we get going:Liquidity is relevant to both buyers and And risk is hedged in dollars, not shares. So we look at the value of gross liquidity (trades x 2). So trading of $233 billion per day actually represents liquidity of double that, or $466 billion per day.Because most of the data from 2020 isn’t available yet, we’re basing these estimates on 2019 trading and assets. Total liquidity in 2020 actually increased 50% to almost $700 billion per day, thanks to an increase in retail trading and volatility caused by COVID-19.Public data becomes harder and harder to find the more we progress down the list in Table 1. Accordingly, our estimates would increasingly adjust once more data becomes available.We don’t include ETF trading, even though they are NMS stocks, which would add another $88 billion per day, or $176 billion in liquidity.We also try to separate our estimates by strategies available to investors (“natural” investors) and those deployed by liquidity providers (intermediators).Table 1: Estimating who contributes to market liquiditySo, let’s walk through how we arrived at these estimates.How much do investors trade?As Chart 3 shows, investors represent a small section of the market ecosystem, although data shows that they own the majority of stock market capital.Around two-thirds of corporate shares are owned by U.S. households via mutual funds (22%), pension funds (11%) or retail brokerage (34%) accounts. And an additional 16% are owned by foreign investors, likely mostly through professionally managed investments too.Chart 3: Ownership of U.S. stocksHow much do mutual funds trade?Let’s start with professionally managed investments: mutual funds (domestic and international), ETFs and pensions. We know their assets are around $21.2 trillion (Chart 3).ICI tracks the average turnover of all mutual funds. Their data shows that average turnover has been steadily declining for most of the past 35 years and now sits below 30% per annum each side.Some of the decline is due to the rise in index funds. As we discuss below, they have a much lower turnover. Even when we account for that, we estimate active trading has still fallen to around 47% each side, equating to longer average hold times even in active institutional accounts.Chart 4: Mutual fund turnover has declined to around 30%Knowing that mutual funds tend to stay close to fully invested, we know that their buys are likely offset by sells, so turnover will result in a two-sided trade. Doing the math:Mutual fund trading = $21.1 trillion in assets x 28% turnover x 2 sides= $47.2 billion per day, or less than 10% of liquidity.This total is somewhat understated as ICI doesn’t include cash inflows and outflows. If gross cash flows are (say) half the size again of trades, that would lead to around $70 billion in liquidity each day, or just 15% of all liquidity.Index funds trade much (much) lessOne of the common myths of liquidity is that because index funds have such large assets and consistent inflows, they also do a lot of trading, which also distorts prices.The truth is very different. In fact, BlackRock estimated in 2017 that for every $1 in index trading, there was more than $20 in active trading.That’s because index funds are designed to do very little trading. Once an index portfolio buys an index weight holding of a stock, in principle, they don’t have to trade it ever again. As the price of the stock rises, so does its weight in the index and in the portfolio, and the portfolio tracks the performance of the index perfectly. That should make index funds some of the longest-term holders of stocks in the market.In the real world, some trading is required. As companies raise more capital or buy back stock, index funds also need to adjust holdings. IPOs, mergers and price changes can also cause stocks to be added and deleted from indexes, also requiring the index portfolio to trade. But index providers tend to do that infrequently. In fact, S&P 500 turnover is estimated at around 4.4%, a statistic consistent with Credit Suisse’s estimates for the annual Russell 1000 reconstitution of just 3% over recent years.Although small-cap indexes see higher turnover as their largest holdings are often promoted to large-cap indexes during the year. For example, Credit Suisse also estimates turnover in the small-cap Russell 2000 is much higher at around 20%.In addition, because index funds are focused on replicating their index, not trying to beat it, they tend to trade exactly when the index trades. That means almost all their trading happens at the close.Interestingly, despite their sizable assets, Credit Suisse’s index team estimated that all U.S. index funds traded just over $300 billion in 2019, including adds and deletes (both buys and sells). The BlackRock study of 2017 estimated that index funds traded $460 billion annually. Even this higher turnover estimate means index funds make up less than 0.5% of all liquidity in the stock market.Because indexes themselves tend to minimize their rebalances, we also see that there are nine dates each year when index funds do most of their trading. Data suggests that index funds are around 40% of all trading on index rebalance dates, but cash flows that occur on other days add to less than 5% of close volume, hardly enough to impact price discovery.Chart 5: Trading in the close higher on index rebalance datesThat leaves active funds providing almost all of the $70 trillion in mutual fund liquidity, and basically to 100% of intraday trading and price discovery done by mutual funds.There are two important points to note about this. Even though index funds are large:Their turnover is low, making them even longer-term holders than active investors.Their contribution to price discovery (or price distortions, as some claim) is muted.Chart 6: Index funds have grown to around 40% of all mutual fund assetsHedge funds have fewer assets but higher turnoverBased on estimates, hedge funds hold around 3% of total corporate equities. This translates into roughly $1 trillion in assets under management (AUM). However, most hedge funds are both levered and operating higher turnover (lower hold time) strategies, which increases the liquidity they supply to the market.Hedge funds are notoriously secretive. They also have a wide range of strategies from long term activists to high turnover stat-arb funds. So finding good average trading data is hard.This paper suggests that equity hedge fund leverage could be around two times. That puts gross assets are closer to $2 trillion, although short interest data suggests that a lot of hedge funds actually short with ETFs (reducing stock trading). Other data suggests some hedge funds lever up during the day.Other sources suggest hedge fund turnover is between 120% and 200% per annum, which implies an average hold time for each stock of less than one year.Some funds likely trade much more intraday and minimize overnight exposures (increasing stock trading), but we classify them as intermediation liquidity in Table 1, rather than as a strategy used by natural investors.Using these conservative estimates:Hedge fund trading = $1 trillion in assets x (2 leverage x 2 sides) x 200% turnover = $9 trillion in liquidity each year= $36 billion/day or 8% of all liquidity.What about ETFs?With ETF liquidity of $176 billion per day (both sides) in 2019, it is easy to say they cause a lot of stock trading, but that’s not true. There are three types of ETF liquidity:ETFs as mutual funds: Just like other mutual funds, their portfolio will turnover as indexes change. However, most ETF assets are in index-style portfolios where turnover by the portfolio manager is limited. Consequently, we have included these in the mutual fund turnover metrics in the mutual funds section above.ETF trading: ETFs are their own ticker. An investor trading an ETF usually has nothing to do with underlying company stocks. In many QQQ trades, both the buyer and seller usually represent traders choosing ETFs because they are a cheaper way to gain portfolio exposure.ETF to stock arbitrage: Only authorized participants have the ability to arbitrage between the ETF and the stocks. We classify them as intermediaries (not naturals) and discuss their impact on stock liquidity later.What proportion of professional investors trade in dark pools?All of the categories above could be considered “professional investors.” They are likely to use brokers’ algorithms to work orders in the market. As a whole, these professional investors (mutual, international, pension and ETF funds) represent almost 60% of all investor assets, but just 23% of all liquidity.We also know that brokers route their orders through dark pools—and we know that dark pools represent around 12% of all liquidity.Even with market makers in dark pools, the math shows that professional investors execute a material proportion of their trades in dark pools, possibly 30% or more.What about retail?Retail trading grew significantly in 2020 to around 20% of the market. However, even in 2019, with 15% of all trades being retail, they represented a meaningful amount of “investor” liquidity.However, the way people refer to retail market share overstates their contribution to liquidity for two reasons:Each retail trade represents a buyer or seller, so they are on one side of 15% of sharesRetail tends to trade lower-priced stocks (see Chart 7). Using non-ATS TRF data by ticker, we estimate their contribution to value traded is actually 15% lower.That adds to closer to $30 billion each day in 2019, or just over 6% of all liquidity.Chart 7: Retail tends to trade lower-priced stocks more, reducing their contribution to notional liquidityWhere do Naturals trade?So far, we have accounted for around 93% of assets but less than 30% of all liquidity.That’s less than all the liquidity that trades off-exchange. With dark pools representing 12% of all trades and other off exchange adding to 29% of all trades.That seems to indicate that a material proportion of naturals execute off-exchange – even though they rely on the exchanges for efficient prices and tight spreads. Ironically that makes the role of intermediaries, and competitive quotes on exchanges, even more important to the whole ecosystem. (It’s also a reason to reward the public market for sharing price data – but that’s a topic for another day)Chart 8: These calculations indicate natural investors rely on exchanges for efficient prices but do a large proportion of trading off exchangesWhat about the rest?The breakdown for the other 70% of liquidity is much harder to support with public data, but our estimates show this is where specialist liquidity providers step in to keep markets and spreads efficient.It includes a lot of different strategies, from two-sided liquidity provision to cross market arbitrage to statistical arbitrage strategies, all targeting short-term mispricing caused by other traders.Their size in the U.S. market is a testament to low transaction costs, which allow for risk to be transferred via one or more additional trades. It is also a result of fragmentation and segmentation that increases facilitated trades.Here our estimates are based on less hard data but inferred from other levels of activity. To see how intermediaries could add to 70% of liquidity, consider:Wholesaler facilitation: Each retail trade facilitated off-exchange has a wholesaler on the other side. So the intermediation doubles the liquidity recorded (totaling 13% of all liquidity). However, TRF data shows the major wholesalers actually print trades representing closer to 25% of all liquidity, or about $117 billion per day. That additional 12% of all liquidity represents $57 billion, and likely trades with institutional investors or even other brokers.Equity futures traded around $620 billion each day in 2019, even more liquidity than the whole underlying U.S. stock market (Chart 9). S&P 500 Futures spreads are tight, at 0.8 basis points (bps), and there are arbitrage opportunities with SPY ETFs at 0.4bps and underlying portfolio at 4bps. Given stocks are the most expensive, it’s likely that most futures trades do NOT cause stocks to trade. But if just 5% of futures trading led to stock arbitrage, that would account for around $31bn/day or 7% of all stock liquidity, almost all in S&P500 stocks.ETF arbitrage:As discussed above, some “authorized participants” are able to convert rich stocks into cheaper ETFs and vice versa, a critical market function that keeps ETFs fairly priced for investors. However, ETF spreads are often so cheap that there are no arbitrage opportunities. Industry estimates peg the amount of trading that is ETF arbitrage at between 4% and 10% of ETF trading. If that’s the case, then ETF arbitrage contributes around $11 billion per day in liquidity, of just 2% of all liquidity. That’s consistent with the average creations plus redemptions per day (Chart 9), although that also includes many non-U.S. equity ETFs.Chart 9: ETF creations are a fraction of ETF liquidity, which is a fraction of stock liquidity, which itself is a fraction of equity futures liquidityOptions markets require initial hedges and constant delta hedging. Notional trading of stock options totals $221 billion per day. If just 30% of notional leads to stock hedges and arbitrage, that translates to $66 billion per day, or 14% of liquidity.Market makers’ purpose is to provide two-sided liquidity, not hold stocks long or short. They make money by accurately pricing the spread, and investors benefit from instantaneous liquidity on market orders. Given how few natural investors actually trade on-exchange, it’s more likely than many expect that the quotes on the screen are in fact market makers intermediating trades. If market makers provide liquidity on one side of every second trade on-exchange, that would add to around 16% in total liquidity.Opportunistic traders: Some traders run arbitrage strategies that correct mispricing, often by taking liquidity. We note that this paper suggests hedge funds made up as much as 30% of all trades, almost double our estimate above. That’s likely because traders with short-term mispricing strategies and small overnight balance, like statistical arbitrage, are excluded from our estimates above. These traders provide important risk transfers, even though there are little overnight positions or leverage. Given liquidity providers make up 16%, it’s possible these taker strategies add to 8% of all liquidity, or $37 billion per day.That still leaves us with a pretty large “other” category, at least from the perspective of natural investors. However, there are many other trading and hedging strategies we don’t know much about. For example, hedge funds also buy swaps and OTC options contracts from banks who still need to hedge their risk. Without data on the size of those markets, it’s difficult to estimate their impact on stock trading, but their gamma could even explain some of the growth in market-on-close trading.It’s also possible some of our intermediation estimates are off by at least this amount (given the lack of real data to reconcile to).Chart 10: Naturals hold most assets, but intermediation makes up most of the tradingWhat does this teach us?We would love to have more data to refine our results. But even as they stand, it helps us understand the role of each participant, bringing liquidity and price efficiency to the ecosystem. The data also busts some common myths:Index funds don’t trade much at all, which means they can’t permanently distort prices either.Price discovery comes from active funds and hedge funds.Informed trading overwhelms index fund inflows.Lots of other participants specialize in risk transfer, from futures arbitrage to statistical arbitrage to classic market making. By process of elimination, these participants may trade even more than all the natural investors combined. But having all this competition for lit trading is also critical to the rest of the market who rely on tight spreads and instant liquidity.The key takeaway though is that very low costs to trade in the U.S. allow so many specialists to play a role in keeping markets efficient. Rather than degrading market quality, all the competition for marginally profitable trades translates into more liquidity and tighter spreads for investors, which in turn leads to more attractive valuations for issuers.","news_type":1},"isVote":1,"tweetType":1,"viewCount":142,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312136294,"gmtCreate":1612061862718,"gmtModify":1704867075310,"author":{"id":"3573810478609459","authorId":"3573810478609459","name":"StockWrecker","avatar":"https://static.itradeup.com/news/3a3f17e51d8ca276fab2be7539c71132","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810478609459","authorIdStr":"3573810478609459"},"themes":[],"htmlText":"Wowwwe","listText":"Wowwwe","text":"Wowwwe","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/312136294","repostId":"2107829287","repostType":4,"repost":{"id":"2107829287","kind":"highlight","pubTimestamp":1611887400,"share":"https://ttm.financial/m/news/2107829287?lang=&edition=fundamental","pubTime":"2021-01-29 10:30","market":"us","language":"en","title":"Southeastern Grocers Postpones Initial Public Offering","url":"https://stock-news.laohu8.com/highlight/detail?id=2107829287","media":"StreetInsider","summary":"Southeastern Grocers, Inc. (“Southeastern Grocers” or the “Company”) today announced that it has pos","content":"<p><a href=\"https://laohu8.com/S/SEGR\">Southeastern Grocers, Inc.</a> (“Southeastern Grocers” or the “Company”) today announced that it has postponed its previously announced initial public offering. The Company will continue to evaluate the timing for the proposed offering as market conditions develop.</p>\n<p>A registration statement relating to the proposed sale of these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.</p>\n<p><b>About Southeastern Grocers</b></p>\n<p>Southeastern Grocers, parent company and home of BI-LO, Fresco y Más, Harveys Supermarket and Winn-Dixie grocery stores, is <a href=\"https://laohu8.com/S/AONE\">one</a> of the largest conventional supermarket companies in the U.S. SEG grocery stores, liquor stores and in-store pharmacies serve communities throughout the seven southeastern states of Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina and South Carolina. BI-LO, Fresco y Más, Harveys Supermarket and Winn-Dixie are well-known and well-respected regional brands with deep heritages, strong neighborhood ties, proud histories of giving back, talented and caring associates and strong commitments to providing the best possible quality and value to customers.</p>","source":"highlight_streetinsider","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>Southeastern Grocers Postpones Initial Public Offering</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\">\nSoutheastern Grocers Postpones Initial Public Offering\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-29 10:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=17882604><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Southeastern Grocers, Inc. (“Southeastern Grocers” or the “Company”) today announced that it has postponed its previously announced initial public offering. The Company will continue to evaluate the ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=17882604\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.streetinsider.com/dr/news.php?id=17882604","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2107829287","content_text":"Southeastern Grocers, Inc. (“Southeastern Grocers” or the “Company”) today announced that it has postponed its previously announced initial public offering. The Company will continue to evaluate the timing for the proposed offering as market conditions develop.\nA registration statement relating to the proposed sale of these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.\nAbout Southeastern Grocers\nSoutheastern Grocers, parent company and home of BI-LO, Fresco y Más, Harveys Supermarket and Winn-Dixie grocery stores, is one of the largest conventional supermarket companies in the U.S. SEG grocery stores, liquor stores and in-store pharmacies serve communities throughout the seven southeastern states of Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina and South Carolina. BI-LO, Fresco y Más, Harveys Supermarket and Winn-Dixie are well-known and well-respected regional brands with deep heritages, strong neighborhood ties, proud histories of giving back, talented and caring associates and strong commitments to providing the best possible quality and value to customers.","news_type":1},"isVote":1,"tweetType":1,"viewCount":134,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312935477,"gmtCreate":1611988617799,"gmtModify":1704866833602,"author":{"id":"3573810478609459","authorId":"3573810478609459","name":"StockWrecker","avatar":"https://static.itradeup.com/news/3a3f17e51d8ca276fab2be7539c71132","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810478609459","authorIdStr":"3573810478609459"},"themes":[],"htmlText":"Moon&nbsp;","listText":"Moon&nbsp;","text":"Moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/312935477","repostId":"2107218222","repostType":4,"repost":{"id":"2107218222","kind":"highlight","pubTimestamp":1611902100,"share":"https://ttm.financial/m/news/2107218222?lang=&edition=fundamental","pubTime":"2021-01-29 14:35","market":"us","language":"en","title":"fuboTV Announces Pricing of $350 Million Convertible Senior Notes Offering","url":"https://stock-news.laohu8.com/highlight/detail?id=2107218222","media":"StreetInsider","summary":"NEW YORK--(BUSINESS WIRE)--fuboTV Inc. (“fuboTV”) (NYSE: FUBO), the leading sports-first live TV str","content":"<p>NEW YORK--(BUSINESS WIRE)--<a href=\"https://laohu8.com/S/FUBO\">fuboTV Inc.</a> (“fuboTV”) (NYSE: FUBO), the leading sports-first live TV streaming platform, today announced the pricing of $350 million aggregate principal amount of 3.25% convertible senior notes due 2026 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The offering is expected to close on February 2, 2021, subject to customary closing conditions. fuboTV also granted the initial purchaser a 13-day option to purchase up to an additional $52.5 million aggregate principal amount of notes.</p>\n<p>The notes will be general unsecured obligations of fuboTV and will accrue interest payable semiannually in arrears on February 15 and August 15 of each year, beginning on August 15, 2021, at a rate of 3.25% per year. The notes will mature on February 15, 2026, unless earlier converted, repurchased or redeemed. The initial conversion rate will be 17.3063 shares of fuboTV’s common stock per $1,000 principal amount of notes (equivalent to an initial conversion price of approximately $57.78 per share). The initial conversion price of the notes represents a premium of approximately 45% over the closing price of fuboTV’s common stock on January 28, 2021. The notes will be convertible under certain circumstances into cash, shares of fuboTV’s common stock or a combination of cash and shares of fuboTV’s common stock, at fuboTV’s election.</p>\n<p>fuboTV may redeem for cash all or any portion of the notes, at its option, on or after February 20, 2024 and prior to the 41st scheduled trading day immediately preceding the maturity date if the last reported sale price of fuboTV’s common stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which fuboTV provides notice of redemption at a redemption price equal to 100% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date.</p>\n<p>fuboTV estimates that the net proceeds from the offering will be $338.4 million (or $389.5 million if the initial purchaser exercises its option to purchase additional notes). fuboTV intends to use the net proceeds from the offering for general corporate purposes, including working capital, business development, sales and marketing activities, capital expenditures, repayment of outstanding debt, potential acquisitions and strategic transactions. If the initial purchaser exercises its option to purchase additional notes, fuboTV will use the net proceeds from the sale of such additional notes for working capital and other general corporate purposes as described above. However, it has not designated any specific uses and has no current agreements with respect to any material acquisition or strategic transaction.</p>\n<p>Neither the notes, nor any shares of fuboTV’s common stock issuable upon conversion of the notes, have been registered under the Securities Act or any state securities laws, and unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws.</p>\n<p>This press release is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall it constitute an offer, solicitation or sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.</p>","source":"highlight_streetinsider","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>fuboTV Announces Pricing of $350 Million Convertible Senior Notes Offering</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\">\nfuboTV Announces Pricing of $350 Million Convertible Senior Notes Offering\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-29 14:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=17882756><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK--(BUSINESS WIRE)--fuboTV Inc. (“fuboTV”) (NYSE: FUBO), the leading sports-first live TV streaming platform, today announced the pricing of $350 million aggregate principal amount of 3.25% ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=17882756\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FUBO":"fuboTV Inc."},"source_url":"https://www.streetinsider.com/dr/news.php?id=17882756","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2107218222","content_text":"NEW YORK--(BUSINESS WIRE)--fuboTV Inc. (“fuboTV”) (NYSE: FUBO), the leading sports-first live TV streaming platform, today announced the pricing of $350 million aggregate principal amount of 3.25% convertible senior notes due 2026 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The offering is expected to close on February 2, 2021, subject to customary closing conditions. fuboTV also granted the initial purchaser a 13-day option to purchase up to an additional $52.5 million aggregate principal amount of notes.\nThe notes will be general unsecured obligations of fuboTV and will accrue interest payable semiannually in arrears on February 15 and August 15 of each year, beginning on August 15, 2021, at a rate of 3.25% per year. The notes will mature on February 15, 2026, unless earlier converted, repurchased or redeemed. The initial conversion rate will be 17.3063 shares of fuboTV’s common stock per $1,000 principal amount of notes (equivalent to an initial conversion price of approximately $57.78 per share). The initial conversion price of the notes represents a premium of approximately 45% over the closing price of fuboTV’s common stock on January 28, 2021. The notes will be convertible under certain circumstances into cash, shares of fuboTV’s common stock or a combination of cash and shares of fuboTV’s common stock, at fuboTV’s election.\nfuboTV may redeem for cash all or any portion of the notes, at its option, on or after February 20, 2024 and prior to the 41st scheduled trading day immediately preceding the maturity date if the last reported sale price of fuboTV’s common stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which fuboTV provides notice of redemption at a redemption price equal to 100% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date.\nfuboTV estimates that the net proceeds from the offering will be $338.4 million (or $389.5 million if the initial purchaser exercises its option to purchase additional notes). fuboTV intends to use the net proceeds from the offering for general corporate purposes, including working capital, business development, sales and marketing activities, capital expenditures, repayment of outstanding debt, potential acquisitions and strategic transactions. If the initial purchaser exercises its option to purchase additional notes, fuboTV will use the net proceeds from the sale of such additional notes for working capital and other general corporate purposes as described above. However, it has not designated any specific uses and has no current agreements with respect to any material acquisition or strategic transaction.\nNeither the notes, nor any shares of fuboTV’s common stock issuable upon conversion of the notes, have been registered under the Securities Act or any state securities laws, and unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws.\nThis press release is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall it constitute an offer, solicitation or sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.","news_type":1},"isVote":1,"tweetType":1,"viewCount":246,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":311638540,"gmtCreate":1611788901280,"gmtModify":1704863514062,"author":{"id":"3573810478609459","authorId":"3573810478609459","name":"StockWrecker","avatar":"https://static.itradeup.com/news/3a3f17e51d8ca276fab2be7539c71132","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810478609459","authorIdStr":"3573810478609459"},"themes":[],"htmlText":"To the moon&nbsp;","listText":"To the moon&nbsp;","text":"To the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/311638540","repostId":"2106281886","repostType":4,"repost":{"id":"2106281886","kind":"highlight","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":1611738637,"share":"https://ttm.financial/m/news/2106281886?lang=&edition=fundamental","pubTime":"2021-01-27 17:10","market":"us","language":"en","title":"GameStop up another 60%, amateur interest shows no sign of abating","url":"https://stock-news.laohu8.com/highlight/detail?id=2106281886","media":"Reuters","summary":"LONDON, Jan 27 (Reuters) - GameStop shares surged another 60% on Wednesday in pre-market trading, bo","content":"<p>LONDON, Jan 27 (Reuters) - GameStop shares surged another 60% on Wednesday in pre-market trading, boosted by increased interest among amateur investors who have lifted the share price by 700% over the past two weeks.</p><p>But some hedge funds have refused to budge from their bearish bets, with FIS' Analytics data showing investors had piled on $2.2 billion in bearish bets on the U.S. video game retailer -- a whopping 20% of its market capitalisation,</p><p>In the meantime, Reddit's Wallstreetbets stock trading discussion group were backing the company, buying shares and  call options on the stock.</p><p>A similar euphoria has boosted BlackBerry and Nokia</p><p>Meanwhile in Europe, shares of Evotec and Varta</p><p>jumped on a chatter that Melvin Capital Management was being forced to unwind its short positions to cover losses on its other bearish bets, including GameStop.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nGameStop up another 60%, amateur interest shows no sign of abating\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\">2021-01-27 17:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>LONDON, Jan 27 (Reuters) - GameStop shares surged another 60% on Wednesday in pre-market trading, boosted by increased interest among amateur investors who have lifted the share price by 700% over the past two weeks.</p><p>But some hedge funds have refused to budge from their bearish bets, with FIS' Analytics data showing investors had piled on $2.2 billion in bearish bets on the U.S. video game retailer -- a whopping 20% of its market capitalisation,</p><p>In the meantime, Reddit's Wallstreetbets stock trading discussion group were backing the company, buying shares and  call options on the stock.</p><p>A similar euphoria has boosted BlackBerry and Nokia</p><p>Meanwhile in Europe, shares of Evotec and Varta</p><p>jumped on a chatter that Melvin Capital Management was being forced to unwind its short positions to cover losses on its other bearish bets, including GameStop.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FIS":"繁德信息技术","GME":"游戏驿站"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2106281886","content_text":"LONDON, Jan 27 (Reuters) - GameStop shares surged another 60% on Wednesday in pre-market trading, boosted by increased interest among amateur investors who have lifted the share price by 700% over the past two weeks.But some hedge funds have refused to budge from their bearish bets, with FIS' Analytics data showing investors had piled on $2.2 billion in bearish bets on the U.S. video game retailer -- a whopping 20% of its market capitalisation,In the meantime, Reddit's Wallstreetbets stock trading discussion group were backing the company, buying shares and  call options on the stock.A similar euphoria has boosted BlackBerry and NokiaMeanwhile in Europe, shares of Evotec and Vartajumped on a chatter that Melvin Capital Management was being forced to unwind its short positions to cover losses on its other bearish bets, including GameStop.","news_type":1},"isVote":1,"tweetType":1,"viewCount":133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9091582395,"gmtCreate":1643899838512,"gmtModify":1676533869372,"author":{"id":"3573810478609459","authorId":"3573810478609459","name":"StockWrecker","avatar":"https://static.itradeup.com/news/3a3f17e51d8ca276fab2be7539c71132","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573810478609459","authorIdStr":"3573810478609459"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/FB\">$Meta Platforms, Inc.(FB)$</a>will buy if the sale is great","listText":"<a href=\"https://ttm.financial/S/FB\">$Meta Platforms, Inc.(FB)$</a>will buy if the sale is great","text":"$Meta Platforms, Inc.(FB)$will buy if the sale is great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091582395","isVote":1,"tweetType":1,"viewCount":315,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}