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2021-01-31

Hehe//@Donn: CROOKS!

Robinhood Raises $1 Billion in Dash for Cash After Trader Revolt

2021-01-31

Hehe//@Sckudd: [Smile] [Happy]

Elon Musk Tweets In Support Of Dogecoin After Price Grows 420% In A Day

2021-01-31

//@Sckudd: [Smile] [Happy]

Elon Musk Tweets In Support Of Dogecoin After Price Grows 420% In A Day

2021-01-31

K

How you could lose everything by short-selling stocks, whether it's betting against GameStop or Tesla

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href=\"https://laohu8.com/U/3570617809207113\">@Donn</a>: CROOKS!","listText":"Hehe//<a href=\"https://laohu8.com/U/3570617809207113\">@Donn</a>: CROOKS!","text":"Hehe//@Donn: CROOKS!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/312168923","repostId":"1137182252","repostType":4,"repost":{"id":"1137182252","pubTimestamp":1611909009,"share":"https://ttm.financial/m/news/1137182252?lang=&edition=fundamental","pubTime":"2021-01-29 16:30","market":"sg","language":"en","title":"Robinhood Raises $1 Billion in Dash for Cash After Trader Revolt","url":"https://stock-news.laohu8.com/highlight/detail?id=1137182252","media":"Bloomberg","summary":"New York markets had just fired up, and the investing world was tuning in for Thursday’s episode of ","content":"<p>New York markets had just fired up, and the investing world was tuning in for Thursday’s episode of the continuing drama: Legions ofRobinhood Marketsinvestors versus hedge-fund Goliaths.</p><p>But within minutes, a shock wave invisible to the outside world rattled the mechanics of Wall Street -- sending Robinhood rushing for more than $1 billion of additional cash. The stock market’s central clearing hub had demanded large sums of collateral from brokerages including Robinhood that for weeks had facilitated spectacular jumps in shares such as GameStop Corp.</p><p>The Silicon Valley venture with the wildly popular no-fee trading app came to a crossroads. It reined in the risk to itself by banning certain trades and unwinding client bets -- igniting an outcry from customers and even U.S. political leaders. By that night, word was emerging that Robinhood had raised more than $1 billion from existing investors anddrawn hundreds of millions morefrom bank credit lines to weather the storm.</p><p>“Look, it is not negotiable for us to comply with our financial requirements and our clearinghouse deposits,” Robinhood Chief Executive Officer Vlad Tenev said in defending his firm’s decisions on Thursday in a Bloomberg Television interview. “We have to do that.”</p><p>The capital injection is “a strong sign of confidence from investors that will help us continue to further serve our customers,” a Robinhood spokesperson later said in an emailed statement. The money will allow the firm to “continue to invest in record growth.”</p><p>When the history of this month’s stock mania is written, it may be a story of how retail traders set out from Reddit message boards to challenge Wall Street’s status quo -- and ended up battering their beloved brokerage too.</p><p>For weeks, Robinhood, with a mission “to democratize finance for all,” has been their trading platform of choice as they inflictedbillions of dollars of losseson hedge funds by sending stocks that those firms had shorted into the stratosphere -- a sort-of populist crusade into the staid world of finance.</p><p>Robinhood’s trading restrictions made virtually nobody happy Thursday, except perhaps the hedge funds. In a surreal scene, political archenemies Alexandria Ocasio-Cortez and Ted Cruz found common ground in lashing the firm’s decisions. Conspiracy theories erupted online.</p><p>The question is whether such critics will dig into the industry’s inner workings, where pressure mounted on Robinhood and other firms to limit certain trades. That would put a rare spotlight on arcane parts of the market designed to prevent catastrophe, such as theDepository Trust &amp; Clearing Corp.</p><p>Not ‘Nefarious’What's moving marketsStart your day with the 5 Things newsletter.EmailBloomberg may send me offers and promotions.Sign UpBy submitting my information, I agree to thePrivacy Policyand&nbsp;Terms of Service.</p><p>One key consideration for brokers, particularly around high-flying and volatile stocks like GameStop, is in the money they must put up with the DTCC while waiting a few days for stock transactions to settle. Those outlays, which behave like margin in a brokerage account, can create a cash crunch on volatile days, say when GameStop falls from $483 to $112 like it did at one point during Thursday’s session.</p><p>“It’s not really Robinhood doing nefarious stuff,” said Bloomberg Intelligence analyst Larry Tabb. “It’s the DTCC saying ‘This stuff is just too risky. We don’t trust that these guys have the cash to be able to withstand settling these things two days from now, because in two days, who knows what the price could be, it could be zero.’”</p><p>The trouble on Thursday began around 10 a.m., when after days of turbulence, the DTCC demanded significantly more collateral from member brokers, according to two people familiar with the matter.</p><p>A spokesman for the DTCC wouldn’t specify how much it required from specific firms but said that by the end of the day industrywide collateral requirements jumped to $33.5 billion, up from $26 billion.</p><p>‘Rare Circumstances’</p><p>Brokerage executives rushed to figure out how to come up with the funds. Robinhood’s reaction drew the most public attention, but the firm wasn’t alone in limiting trading of stocks such as GameStop and AMC Entertainment Holdings Inc.</p><p>In fact,Charles Schwab Corp.’s TD Ameritrade curbed transactions in both of those companies on Wednesday.Interactive Brokers Group Inc.andMorgan Stanley’s E*Trade took similar action Thursday.</p><p>Thomas Peterffy, the billionaire chairman of Greenwich, Connecticut-based Interactive Brokers, told Bloomberg TV the restrictions were prompted by concerns “about the integrity of the marketplace and the system.”</p><p>E*Trade stressed that its measures were a highly unusual. “We take actions like this seriously, and only initiate them in rare circumstances,” said spokesman Thayer Fox, adding that he expected normal trading to resume Friday.</p><p>Robinhood said after markets closed that it plans to allow “limited buys” to resume in affected securities. It also tried to assuage customer concerns with an email that evening: “This was a temporary decision made to best continue serving you, and was not an easy one to make.”</p><p>Credit Lines</p><p>The firm has tapped at least several hundred million dollars from its bank credit lines, a person with knowledge of the situation said. The company’s lenders includeJPMorgan Chase &amp; Co.andGoldman Sachs Group Inc., according todatacompiled by Bloomberg. Representatives for Robinhood and those banks declined to comment.</p><p>Robinhood’s capital remains “strong,” CEO Tenev told Bloomberg TV, underscoring that the restrictions helped protect both the brokerage and its clients.</p><p>One question is whether frustrated customers will forgive what some see as a betrayal in their campaign against Wall Street’s financial elite.</p><p>Douglas Bray, a software developer from Connecticut who’s been using Robinhood for about five years, said he plans to withdraw about $100,000 after the trading restrictions.</p><p>“I’m disappointed I could not keep my money in GME like any institutional investor could,” said Bray, 32, referring to GameStop’s ticker. “Hedge funds are on the brink of a massive short squeeze and appear to be calling in all the cavalry. So brokers are now ‘protecting’ customers as a facade so that they can appease their institutional backers. The entire community is outraged.”</p>","source":"lsy1584095487587","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 Raises $1 Billion in Dash for Cash After Trader Revolt</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 Raises $1 Billion in Dash for Cash After Trader Revolt\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-29 16:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-01-29/for-robinhood-a-dash-for-cash-after-traders-took-on-wall-street?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York markets had just fired up, and the investing world was tuning in for Thursday’s episode of the continuing drama: Legions ofRobinhood Marketsinvestors versus hedge-fund Goliaths.But within ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-01-29/for-robinhood-a-dash-for-cash-after-traders-took-on-wall-street?srnd=premium-asia\">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.bloomberg.com/news/articles/2021-01-29/for-robinhood-a-dash-for-cash-after-traders-took-on-wall-street?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137182252","content_text":"New York markets had just fired up, and the investing world was tuning in for Thursday’s episode of the continuing drama: Legions ofRobinhood Marketsinvestors versus hedge-fund Goliaths.But within minutes, a shock wave invisible to the outside world rattled the mechanics of Wall Street -- sending Robinhood rushing for more than $1 billion of additional cash. The stock market’s central clearing hub had demanded large sums of collateral from brokerages including Robinhood that for weeks had facilitated spectacular jumps in shares such as GameStop Corp.The Silicon Valley venture with the wildly popular no-fee trading app came to a crossroads. It reined in the risk to itself by banning certain trades and unwinding client bets -- igniting an outcry from customers and even U.S. political leaders. By that night, word was emerging that Robinhood had raised more than $1 billion from existing investors anddrawn hundreds of millions morefrom bank credit lines to weather the storm.“Look, it is not negotiable for us to comply with our financial requirements and our clearinghouse deposits,” Robinhood Chief Executive Officer Vlad Tenev said in defending his firm’s decisions on Thursday in a Bloomberg Television interview. “We have to do that.”The capital injection is “a strong sign of confidence from investors that will help us continue to further serve our customers,” a Robinhood spokesperson later said in an emailed statement. The money will allow the firm to “continue to invest in record growth.”When the history of this month’s stock mania is written, it may be a story of how retail traders set out from Reddit message boards to challenge Wall Street’s status quo -- and ended up battering their beloved brokerage too.For weeks, Robinhood, with a mission “to democratize finance for all,” has been their trading platform of choice as they inflictedbillions of dollars of losseson hedge funds by sending stocks that those firms had shorted into the stratosphere -- a sort-of populist crusade into the staid world of finance.Robinhood’s trading restrictions made virtually nobody happy Thursday, except perhaps the hedge funds. In a surreal scene, political archenemies Alexandria Ocasio-Cortez and Ted Cruz found common ground in lashing the firm’s decisions. Conspiracy theories erupted online.The question is whether such critics will dig into the industry’s inner workings, where pressure mounted on Robinhood and other firms to limit certain trades. That would put a rare spotlight on arcane parts of the market designed to prevent catastrophe, such as theDepository Trust & Clearing Corp.Not ‘Nefarious’What's moving marketsStart your day with the 5 Things newsletter.EmailBloomberg may send me offers and promotions.Sign UpBy submitting my information, I agree to thePrivacy Policyand Terms of Service.One key consideration for brokers, particularly around high-flying and volatile stocks like GameStop, is in the money they must put up with the DTCC while waiting a few days for stock transactions to settle. Those outlays, which behave like margin in a brokerage account, can create a cash crunch on volatile days, say when GameStop falls from $483 to $112 like it did at one point during Thursday’s session.“It’s not really Robinhood doing nefarious stuff,” said Bloomberg Intelligence analyst Larry Tabb. “It’s the DTCC saying ‘This stuff is just too risky. We don’t trust that these guys have the cash to be able to withstand settling these things two days from now, because in two days, who knows what the price could be, it could be zero.’”The trouble on Thursday began around 10 a.m., when after days of turbulence, the DTCC demanded significantly more collateral from member brokers, according to two people familiar with the matter.A spokesman for the DTCC wouldn’t specify how much it required from specific firms but said that by the end of the day industrywide collateral requirements jumped to $33.5 billion, up from $26 billion.‘Rare Circumstances’Brokerage executives rushed to figure out how to come up with the funds. Robinhood’s reaction drew the most public attention, but the firm wasn’t alone in limiting trading of stocks such as GameStop and AMC Entertainment Holdings Inc.In fact,Charles Schwab Corp.’s TD Ameritrade curbed transactions in both of those companies on Wednesday.Interactive Brokers Group Inc.andMorgan Stanley’s E*Trade took similar action Thursday.Thomas Peterffy, the billionaire chairman of Greenwich, Connecticut-based Interactive Brokers, told Bloomberg TV the restrictions were prompted by concerns “about the integrity of the marketplace and the system.”E*Trade stressed that its measures were a highly unusual. “We take actions like this seriously, and only initiate them in rare circumstances,” said spokesman Thayer Fox, adding that he expected normal trading to resume Friday.Robinhood said after markets closed that it plans to allow “limited buys” to resume in affected securities. It also tried to assuage customer concerns with an email that evening: “This was a temporary decision made to best continue serving you, and was not an easy one to make.”Credit LinesThe firm has tapped at least several hundred million dollars from its bank credit lines, a person with knowledge of the situation said. The company’s lenders includeJPMorgan Chase & Co.andGoldman Sachs Group Inc., according todatacompiled by Bloomberg. Representatives for Robinhood and those banks declined to comment.Robinhood’s capital remains “strong,” CEO Tenev told Bloomberg TV, underscoring that the restrictions helped protect both the brokerage and its clients.One question is whether frustrated customers will forgive what some see as a betrayal in their campaign against Wall Street’s financial elite.Douglas Bray, a software developer from Connecticut who’s been using Robinhood for about five years, said he plans to withdraw about $100,000 after the trading restrictions.“I’m disappointed I could not keep my money in GME like any institutional investor could,” said Bray, 32, referring to GameStop’s ticker. “Hedge funds are on the brink of a massive short squeeze and appear to be calling in all the cavalry. So brokers are now ‘protecting’ customers as a facade so that they can appease their institutional backers. The entire community is outraged.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312161765,"gmtCreate":1612068227557,"gmtModify":1704867110990,"author":{"id":"3575029815169303","authorId":"3575029815169303","name":"Sckudd","avatar":"https://static.tigerbbs.com/1b2614bc293763d2adeadba51f58f11f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575029815169303","authorIdStr":"3575029815169303"},"themes":[],"htmlText":"Hehe//<a href=\"https://laohu8.com/U/3575029815169303\">@Sckudd</a>: [Smile] &nbsp; [Happy] &nbsp;","listText":"Hehe//<a href=\"https://laohu8.com/U/3575029815169303\">@Sckudd</a>: [Smile] &nbsp; [Happy] &nbsp;","text":"Hehe//@Sckudd: [Smile] [Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/312161765","repostId":"2107290824","repostType":4,"repost":{"id":"2107290824","pubTimestamp":1611906472,"share":"https://ttm.financial/m/news/2107290824?lang=&edition=fundamental","pubTime":"2021-01-29 15:47","market":"us","language":"en","title":"Elon Musk Tweets In Support Of Dogecoin After Price Grows 420% In A Day","url":"https://stock-news.laohu8.com/highlight/detail?id=2107290824","media":"Benzinga","summary":"Tesla Inc (NASDAQ: TSLA) Elon Musk has tweeted a digital magazine cover featuring a dog in apparent ","content":"<p><img src=\"https://static.tigerbbs.com/7833d27f98c3899654cca428a2991626\" tg-width=\"600\" tg-height=\"400\" referrerpolicy=\"no-referrer\"></p><p><b>Tesla Inc&nbsp;</b>(NASDAQ: TSLA) Elon Musk&nbsp;has tweeted&nbsp;a digital magazine cover featuring a dog in apparent support of a digital currency Dogecoin.</p><p><b>What Happened:</b>&nbsp;Dogecoin, a digital currency that was launched as a joke, has surpassed all-time high today, growing by 420.29% in a matter of <a href=\"https://laohu8.com/S/AONE\">one</a> day, according to a data analytics platform CoinMarketCap. The cryptocurrency is currently traded at&nbsp;$0.03831&nbsp;at the time of publishing.<img src=\"https://static.tigerbbs.com/46bbb028feddda5c41119b1815263941\" tg-width=\"548\" tg-height=\"677\">Musk’s followers recognized the tweet as an endorsement to the current Dogecoin rally, expressing&nbsp;overwhelming support in the Dogecoin future.</p><p><b>Why It Matters:</b>&nbsp;This is not the first time Elon Musk has expressed his interest in the digital currency.</p><p>In December, Tesla CEO&nbsp;tweeted&nbsp;“One word: Doge” sending the cryptocurrency to a 20% surge.</p><p>Before that, his July&nbsp;tweet&nbsp;caused a 14% spike in Dogecoin price.</p><p>CoinMarketCap Head of Listings, however,&nbsp;in a conversation with Benzinga has warned traders about possible ramifications following a call to buy Dogecoin in a Reddit group that caused the recent price spike.</p><p>\"It bears mentioning that all of this [the spike and the Reddit thread]takes place against a discernible shift in the cultural milieu, <a href=\"https://laohu8.com/S/AONE.U\">one</a> where WSB has become emblematic of a grassroots Reddit movement that seeks to repudiate the entrenched interests and ossified power structures of WallStreet.</p><p>With his 'Gamestonk' tweet, Elon Musk -- himself the subject of legal entanglements with the establishment (SEC) and erstwhile self-proclaimed Dogecoin CEO -- has not only added rocket fuel to ignite Doge's price action on a SpaceX mission to the moon, but also a offered a familiar face for 'Robinhood traders' to coalesce around.”</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>Elon Musk Tweets In Support Of Dogecoin After Price Grows 420% In A Day</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\">\nElon Musk Tweets In Support Of Dogecoin After Price Grows 420% In A Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-29 15:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/elon-musk-tweets-support-dogecoin-015609684.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla Inc (NASDAQ: TSLA) Elon Musk has tweeted a digital magazine cover featuring a dog in apparent support of a digital currency Dogecoin.What Happened: Dogecoin, a digital currency that was launched...</p>\n\n<a href=\"https://finance.yahoo.com/news/elon-musk-tweets-support-dogecoin-015609684.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/7833d27f98c3899654cca428a2991626","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/elon-musk-tweets-support-dogecoin-015609684.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2107290824","content_text":"Tesla Inc (NASDAQ: TSLA) Elon Musk has tweeted a digital magazine cover featuring a dog in apparent support of a digital currency Dogecoin.What Happened: Dogecoin, a digital currency that was launched as a joke, has surpassed all-time high today, growing by 420.29% in a matter of one day, according to a data analytics platform CoinMarketCap. The cryptocurrency is currently traded at $0.03831 at the time of publishing.Musk’s followers recognized the tweet as an endorsement to the current Dogecoin rally, expressing overwhelming support in the Dogecoin future.Why It Matters: This is not the first time Elon Musk has expressed his interest in the digital currency.In December, Tesla CEO tweeted “One word: Doge” sending the cryptocurrency to a 20% surge.Before that, his July tweet caused a 14% spike in Dogecoin price.CoinMarketCap Head of Listings, however, in a conversation with Benzinga has warned traders about possible ramifications following a call to buy Dogecoin in a Reddit group that caused the recent price spike.\"It bears mentioning that all of this [the spike and the Reddit thread]takes place against a discernible shift in the cultural milieu, one where WSB has become emblematic of a grassroots Reddit movement that seeks to repudiate the entrenched interests and ossified power structures of WallStreet.With his 'Gamestonk' tweet, Elon Musk -- himself the subject of legal entanglements with the establishment (SEC) and erstwhile self-proclaimed Dogecoin CEO -- has not only added rocket fuel to ignite Doge's price action on a SpaceX mission to the moon, but also a offered a familiar face for 'Robinhood traders' to coalesce around.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":220,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312161451,"gmtCreate":1612068214873,"gmtModify":1704867111151,"author":{"id":"3575029815169303","authorId":"3575029815169303","name":"Sckudd","avatar":"https://static.tigerbbs.com/1b2614bc293763d2adeadba51f58f11f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575029815169303","authorIdStr":"3575029815169303"},"themes":[],"htmlText":"//<a href=\"https://laohu8.com/U/3575029815169303\">@Sckudd</a>: [Smile] &nbsp; [Happy] &nbsp;","listText":"//<a href=\"https://laohu8.com/U/3575029815169303\">@Sckudd</a>: [Smile] &nbsp; [Happy] &nbsp;","text":"//@Sckudd: [Smile] [Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/312161451","repostId":"2107290824","repostType":4,"repost":{"id":"2107290824","pubTimestamp":1611906472,"share":"https://ttm.financial/m/news/2107290824?lang=&edition=fundamental","pubTime":"2021-01-29 15:47","market":"us","language":"en","title":"Elon Musk Tweets In Support Of Dogecoin After Price Grows 420% In A Day","url":"https://stock-news.laohu8.com/highlight/detail?id=2107290824","media":"Benzinga","summary":"Tesla Inc (NASDAQ: TSLA) Elon Musk has tweeted a digital magazine cover featuring a dog in apparent ","content":"<p><img src=\"https://static.tigerbbs.com/7833d27f98c3899654cca428a2991626\" tg-width=\"600\" tg-height=\"400\" referrerpolicy=\"no-referrer\"></p><p><b>Tesla Inc&nbsp;</b>(NASDAQ: TSLA) Elon Musk&nbsp;has tweeted&nbsp;a digital magazine cover featuring a dog in apparent support of a digital currency Dogecoin.</p><p><b>What Happened:</b>&nbsp;Dogecoin, a digital currency that was launched as a joke, has surpassed all-time high today, growing by 420.29% in a matter of <a href=\"https://laohu8.com/S/AONE\">one</a> day, according to a data analytics platform CoinMarketCap. The cryptocurrency is currently traded at&nbsp;$0.03831&nbsp;at the time of publishing.<img src=\"https://static.tigerbbs.com/46bbb028feddda5c41119b1815263941\" tg-width=\"548\" tg-height=\"677\">Musk’s followers recognized the tweet as an endorsement to the current Dogecoin rally, expressing&nbsp;overwhelming support in the Dogecoin future.</p><p><b>Why It Matters:</b>&nbsp;This is not the first time Elon Musk has expressed his interest in the digital currency.</p><p>In December, Tesla CEO&nbsp;tweeted&nbsp;“One word: Doge” sending the cryptocurrency to a 20% surge.</p><p>Before that, his July&nbsp;tweet&nbsp;caused a 14% spike in Dogecoin price.</p><p>CoinMarketCap Head of Listings, however,&nbsp;in a conversation with Benzinga has warned traders about possible ramifications following a call to buy Dogecoin in a Reddit group that caused the recent price spike.</p><p>\"It bears mentioning that all of this [the spike and the Reddit thread]takes place against a discernible shift in the cultural milieu, <a href=\"https://laohu8.com/S/AONE.U\">one</a> where WSB has become emblematic of a grassroots Reddit movement that seeks to repudiate the entrenched interests and ossified power structures of WallStreet.</p><p>With his 'Gamestonk' tweet, Elon Musk -- himself the subject of legal entanglements with the establishment (SEC) and erstwhile self-proclaimed Dogecoin CEO -- has not only added rocket fuel to ignite Doge's price action on a SpaceX mission to the moon, but also a offered a familiar face for 'Robinhood traders' to coalesce around.”</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>Elon Musk Tweets In Support Of Dogecoin After Price Grows 420% In A Day</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\">\nElon Musk Tweets In Support Of Dogecoin After Price Grows 420% In A Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-29 15:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/elon-musk-tweets-support-dogecoin-015609684.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla Inc (NASDAQ: TSLA) Elon Musk has tweeted a digital magazine cover featuring a dog in apparent support of a digital currency Dogecoin.What Happened: Dogecoin, a digital currency that was launched...</p>\n\n<a href=\"https://finance.yahoo.com/news/elon-musk-tweets-support-dogecoin-015609684.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/7833d27f98c3899654cca428a2991626","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/elon-musk-tweets-support-dogecoin-015609684.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2107290824","content_text":"Tesla Inc (NASDAQ: TSLA) Elon Musk has tweeted a digital magazine cover featuring a dog in apparent support of a digital currency Dogecoin.What Happened: Dogecoin, a digital currency that was launched as a joke, has surpassed all-time high today, growing by 420.29% in a matter of one day, according to a data analytics platform CoinMarketCap. The cryptocurrency is currently traded at $0.03831 at the time of publishing.Musk’s followers recognized the tweet as an endorsement to the current Dogecoin rally, expressing overwhelming support in the Dogecoin future.Why It Matters: This is not the first time Elon Musk has expressed his interest in the digital currency.In December, Tesla CEO tweeted “One word: Doge” sending the cryptocurrency to a 20% surge.Before that, his July tweet caused a 14% spike in Dogecoin price.CoinMarketCap Head of Listings, however, in a conversation with Benzinga has warned traders about possible ramifications following a call to buy Dogecoin in a Reddit group that caused the recent price spike.\"It bears mentioning that all of this [the spike and the Reddit thread]takes place against a discernible shift in the cultural milieu, one where WSB has become emblematic of a grassroots Reddit movement that seeks to repudiate the entrenched interests and ossified power structures of WallStreet.With his 'Gamestonk' tweet, Elon Musk -- himself the subject of legal entanglements with the establishment (SEC) and erstwhile self-proclaimed Dogecoin CEO -- has not only added rocket fuel to ignite Doge's price action on a SpaceX mission to the moon, but also a offered a familiar face for 'Robinhood traders' to coalesce around.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":79,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312161652,"gmtCreate":1612068181676,"gmtModify":1704867110667,"author":{"id":"3575029815169303","authorId":"3575029815169303","name":"Sckudd","avatar":"https://static.tigerbbs.com/1b2614bc293763d2adeadba51f58f11f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575029815169303","authorIdStr":"3575029815169303"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/312161652","repostId":"2107223679","repostType":2,"isVote":1,"tweetType":1,"viewCount":215,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":312168923,"gmtCreate":1612068284762,"gmtModify":1704867111636,"author":{"id":"3575029815169303","authorId":"3575029815169303","name":"Sckudd","avatar":"https://static.tigerbbs.com/1b2614bc293763d2adeadba51f58f11f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575029815169303","idStr":"3575029815169303"},"themes":[],"htmlText":"Hehe//<a href=\"https://laohu8.com/U/3570617809207113\">@Donn</a>: CROOKS!","listText":"Hehe//<a href=\"https://laohu8.com/U/3570617809207113\">@Donn</a>: CROOKS!","text":"Hehe//@Donn: CROOKS!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/312168923","repostId":"1137182252","repostType":4,"repost":{"id":"1137182252","pubTimestamp":1611909009,"share":"https://ttm.financial/m/news/1137182252?lang=&edition=fundamental","pubTime":"2021-01-29 16:30","market":"sg","language":"en","title":"Robinhood Raises $1 Billion in Dash for Cash After Trader Revolt","url":"https://stock-news.laohu8.com/highlight/detail?id=1137182252","media":"Bloomberg","summary":"New York markets had just fired up, and the investing world was tuning in for Thursday’s episode of ","content":"<p>New York markets had just fired up, and the investing world was tuning in for Thursday’s episode of the continuing drama: Legions ofRobinhood Marketsinvestors versus hedge-fund Goliaths.</p><p>But within minutes, a shock wave invisible to the outside world rattled the mechanics of Wall Street -- sending Robinhood rushing for more than $1 billion of additional cash. The stock market’s central clearing hub had demanded large sums of collateral from brokerages including Robinhood that for weeks had facilitated spectacular jumps in shares such as GameStop Corp.</p><p>The Silicon Valley venture with the wildly popular no-fee trading app came to a crossroads. It reined in the risk to itself by banning certain trades and unwinding client bets -- igniting an outcry from customers and even U.S. political leaders. By that night, word was emerging that Robinhood had raised more than $1 billion from existing investors anddrawn hundreds of millions morefrom bank credit lines to weather the storm.</p><p>“Look, it is not negotiable for us to comply with our financial requirements and our clearinghouse deposits,” Robinhood Chief Executive Officer Vlad Tenev said in defending his firm’s decisions on Thursday in a Bloomberg Television interview. “We have to do that.”</p><p>The capital injection is “a strong sign of confidence from investors that will help us continue to further serve our customers,” a Robinhood spokesperson later said in an emailed statement. The money will allow the firm to “continue to invest in record growth.”</p><p>When the history of this month’s stock mania is written, it may be a story of how retail traders set out from Reddit message boards to challenge Wall Street’s status quo -- and ended up battering their beloved brokerage too.</p><p>For weeks, Robinhood, with a mission “to democratize finance for all,” has been their trading platform of choice as they inflictedbillions of dollars of losseson hedge funds by sending stocks that those firms had shorted into the stratosphere -- a sort-of populist crusade into the staid world of finance.</p><p>Robinhood’s trading restrictions made virtually nobody happy Thursday, except perhaps the hedge funds. In a surreal scene, political archenemies Alexandria Ocasio-Cortez and Ted Cruz found common ground in lashing the firm’s decisions. Conspiracy theories erupted online.</p><p>The question is whether such critics will dig into the industry’s inner workings, where pressure mounted on Robinhood and other firms to limit certain trades. That would put a rare spotlight on arcane parts of the market designed to prevent catastrophe, such as theDepository Trust &amp; Clearing Corp.</p><p>Not ‘Nefarious’What's moving marketsStart your day with the 5 Things newsletter.EmailBloomberg may send me offers and promotions.Sign UpBy submitting my information, I agree to thePrivacy Policyand&nbsp;Terms of Service.</p><p>One key consideration for brokers, particularly around high-flying and volatile stocks like GameStop, is in the money they must put up with the DTCC while waiting a few days for stock transactions to settle. Those outlays, which behave like margin in a brokerage account, can create a cash crunch on volatile days, say when GameStop falls from $483 to $112 like it did at one point during Thursday’s session.</p><p>“It’s not really Robinhood doing nefarious stuff,” said Bloomberg Intelligence analyst Larry Tabb. “It’s the DTCC saying ‘This stuff is just too risky. We don’t trust that these guys have the cash to be able to withstand settling these things two days from now, because in two days, who knows what the price could be, it could be zero.’”</p><p>The trouble on Thursday began around 10 a.m., when after days of turbulence, the DTCC demanded significantly more collateral from member brokers, according to two people familiar with the matter.</p><p>A spokesman for the DTCC wouldn’t specify how much it required from specific firms but said that by the end of the day industrywide collateral requirements jumped to $33.5 billion, up from $26 billion.</p><p>‘Rare Circumstances’</p><p>Brokerage executives rushed to figure out how to come up with the funds. Robinhood’s reaction drew the most public attention, but the firm wasn’t alone in limiting trading of stocks such as GameStop and AMC Entertainment Holdings Inc.</p><p>In fact,Charles Schwab Corp.’s TD Ameritrade curbed transactions in both of those companies on Wednesday.Interactive Brokers Group Inc.andMorgan Stanley’s E*Trade took similar action Thursday.</p><p>Thomas Peterffy, the billionaire chairman of Greenwich, Connecticut-based Interactive Brokers, told Bloomberg TV the restrictions were prompted by concerns “about the integrity of the marketplace and the system.”</p><p>E*Trade stressed that its measures were a highly unusual. “We take actions like this seriously, and only initiate them in rare circumstances,” said spokesman Thayer Fox, adding that he expected normal trading to resume Friday.</p><p>Robinhood said after markets closed that it plans to allow “limited buys” to resume in affected securities. It also tried to assuage customer concerns with an email that evening: “This was a temporary decision made to best continue serving you, and was not an easy one to make.”</p><p>Credit Lines</p><p>The firm has tapped at least several hundred million dollars from its bank credit lines, a person with knowledge of the situation said. The company’s lenders includeJPMorgan Chase &amp; Co.andGoldman Sachs Group Inc., according todatacompiled by Bloomberg. Representatives for Robinhood and those banks declined to comment.</p><p>Robinhood’s capital remains “strong,” CEO Tenev told Bloomberg TV, underscoring that the restrictions helped protect both the brokerage and its clients.</p><p>One question is whether frustrated customers will forgive what some see as a betrayal in their campaign against Wall Street’s financial elite.</p><p>Douglas Bray, a software developer from Connecticut who’s been using Robinhood for about five years, said he plans to withdraw about $100,000 after the trading restrictions.</p><p>“I’m disappointed I could not keep my money in GME like any institutional investor could,” said Bray, 32, referring to GameStop’s ticker. “Hedge funds are on the brink of a massive short squeeze and appear to be calling in all the cavalry. So brokers are now ‘protecting’ customers as a facade so that they can appease their institutional backers. The entire community is outraged.”</p>","source":"lsy1584095487587","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 Raises $1 Billion in Dash for Cash After Trader Revolt</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 Raises $1 Billion in Dash for Cash After Trader Revolt\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-29 16:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-01-29/for-robinhood-a-dash-for-cash-after-traders-took-on-wall-street?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York markets had just fired up, and the investing world was tuning in for Thursday’s episode of the continuing drama: Legions ofRobinhood Marketsinvestors versus hedge-fund Goliaths.But within ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-01-29/for-robinhood-a-dash-for-cash-after-traders-took-on-wall-street?srnd=premium-asia\">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.bloomberg.com/news/articles/2021-01-29/for-robinhood-a-dash-for-cash-after-traders-took-on-wall-street?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137182252","content_text":"New York markets had just fired up, and the investing world was tuning in for Thursday’s episode of the continuing drama: Legions ofRobinhood Marketsinvestors versus hedge-fund Goliaths.But within minutes, a shock wave invisible to the outside world rattled the mechanics of Wall Street -- sending Robinhood rushing for more than $1 billion of additional cash. The stock market’s central clearing hub had demanded large sums of collateral from brokerages including Robinhood that for weeks had facilitated spectacular jumps in shares such as GameStop Corp.The Silicon Valley venture with the wildly popular no-fee trading app came to a crossroads. It reined in the risk to itself by banning certain trades and unwinding client bets -- igniting an outcry from customers and even U.S. political leaders. By that night, word was emerging that Robinhood had raised more than $1 billion from existing investors anddrawn hundreds of millions morefrom bank credit lines to weather the storm.“Look, it is not negotiable for us to comply with our financial requirements and our clearinghouse deposits,” Robinhood Chief Executive Officer Vlad Tenev said in defending his firm’s decisions on Thursday in a Bloomberg Television interview. “We have to do that.”The capital injection is “a strong sign of confidence from investors that will help us continue to further serve our customers,” a Robinhood spokesperson later said in an emailed statement. The money will allow the firm to “continue to invest in record growth.”When the history of this month’s stock mania is written, it may be a story of how retail traders set out from Reddit message boards to challenge Wall Street’s status quo -- and ended up battering their beloved brokerage too.For weeks, Robinhood, with a mission “to democratize finance for all,” has been their trading platform of choice as they inflictedbillions of dollars of losseson hedge funds by sending stocks that those firms had shorted into the stratosphere -- a sort-of populist crusade into the staid world of finance.Robinhood’s trading restrictions made virtually nobody happy Thursday, except perhaps the hedge funds. In a surreal scene, political archenemies Alexandria Ocasio-Cortez and Ted Cruz found common ground in lashing the firm’s decisions. Conspiracy theories erupted online.The question is whether such critics will dig into the industry’s inner workings, where pressure mounted on Robinhood and other firms to limit certain trades. That would put a rare spotlight on arcane parts of the market designed to prevent catastrophe, such as theDepository Trust & Clearing Corp.Not ‘Nefarious’What's moving marketsStart your day with the 5 Things newsletter.EmailBloomberg may send me offers and promotions.Sign UpBy submitting my information, I agree to thePrivacy Policyand Terms of Service.One key consideration for brokers, particularly around high-flying and volatile stocks like GameStop, is in the money they must put up with the DTCC while waiting a few days for stock transactions to settle. Those outlays, which behave like margin in a brokerage account, can create a cash crunch on volatile days, say when GameStop falls from $483 to $112 like it did at one point during Thursday’s session.“It’s not really Robinhood doing nefarious stuff,” said Bloomberg Intelligence analyst Larry Tabb. “It’s the DTCC saying ‘This stuff is just too risky. We don’t trust that these guys have the cash to be able to withstand settling these things two days from now, because in two days, who knows what the price could be, it could be zero.’”The trouble on Thursday began around 10 a.m., when after days of turbulence, the DTCC demanded significantly more collateral from member brokers, according to two people familiar with the matter.A spokesman for the DTCC wouldn’t specify how much it required from specific firms but said that by the end of the day industrywide collateral requirements jumped to $33.5 billion, up from $26 billion.‘Rare Circumstances’Brokerage executives rushed to figure out how to come up with the funds. Robinhood’s reaction drew the most public attention, but the firm wasn’t alone in limiting trading of stocks such as GameStop and AMC Entertainment Holdings Inc.In fact,Charles Schwab Corp.’s TD Ameritrade curbed transactions in both of those companies on Wednesday.Interactive Brokers Group Inc.andMorgan Stanley’s E*Trade took similar action Thursday.Thomas Peterffy, the billionaire chairman of Greenwich, Connecticut-based Interactive Brokers, told Bloomberg TV the restrictions were prompted by concerns “about the integrity of the marketplace and the system.”E*Trade stressed that its measures were a highly unusual. “We take actions like this seriously, and only initiate them in rare circumstances,” said spokesman Thayer Fox, adding that he expected normal trading to resume Friday.Robinhood said after markets closed that it plans to allow “limited buys” to resume in affected securities. It also tried to assuage customer concerns with an email that evening: “This was a temporary decision made to best continue serving you, and was not an easy one to make.”Credit LinesThe firm has tapped at least several hundred million dollars from its bank credit lines, a person with knowledge of the situation said. The company’s lenders includeJPMorgan Chase & Co.andGoldman Sachs Group Inc., according todatacompiled by Bloomberg. Representatives for Robinhood and those banks declined to comment.Robinhood’s capital remains “strong,” CEO Tenev told Bloomberg TV, underscoring that the restrictions helped protect both the brokerage and its clients.One question is whether frustrated customers will forgive what some see as a betrayal in their campaign against Wall Street’s financial elite.Douglas Bray, a software developer from Connecticut who’s been using Robinhood for about five years, said he plans to withdraw about $100,000 after the trading restrictions.“I’m disappointed I could not keep my money in GME like any institutional investor could,” said Bray, 32, referring to GameStop’s ticker. “Hedge funds are on the brink of a massive short squeeze and appear to be calling in all the cavalry. So brokers are now ‘protecting’ customers as a facade so that they can appease their institutional backers. The entire community is outraged.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312161765,"gmtCreate":1612068227557,"gmtModify":1704867110990,"author":{"id":"3575029815169303","authorId":"3575029815169303","name":"Sckudd","avatar":"https://static.tigerbbs.com/1b2614bc293763d2adeadba51f58f11f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575029815169303","idStr":"3575029815169303"},"themes":[],"htmlText":"Hehe//<a href=\"https://laohu8.com/U/3575029815169303\">@Sckudd</a>: [Smile] &nbsp; [Happy] &nbsp;","listText":"Hehe//<a href=\"https://laohu8.com/U/3575029815169303\">@Sckudd</a>: [Smile] &nbsp; [Happy] &nbsp;","text":"Hehe//@Sckudd: [Smile] [Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/312161765","repostId":"2107290824","repostType":4,"repost":{"id":"2107290824","pubTimestamp":1611906472,"share":"https://ttm.financial/m/news/2107290824?lang=&edition=fundamental","pubTime":"2021-01-29 15:47","market":"us","language":"en","title":"Elon Musk Tweets In Support Of Dogecoin After Price Grows 420% In A Day","url":"https://stock-news.laohu8.com/highlight/detail?id=2107290824","media":"Benzinga","summary":"Tesla Inc (NASDAQ: TSLA) Elon Musk has tweeted a digital magazine cover featuring a dog in apparent ","content":"<p><img src=\"https://static.tigerbbs.com/7833d27f98c3899654cca428a2991626\" tg-width=\"600\" tg-height=\"400\" referrerpolicy=\"no-referrer\"></p><p><b>Tesla Inc&nbsp;</b>(NASDAQ: TSLA) Elon Musk&nbsp;has tweeted&nbsp;a digital magazine cover featuring a dog in apparent support of a digital currency Dogecoin.</p><p><b>What Happened:</b>&nbsp;Dogecoin, a digital currency that was launched as a joke, has surpassed all-time high today, growing by 420.29% in a matter of <a href=\"https://laohu8.com/S/AONE\">one</a> day, according to a data analytics platform CoinMarketCap. The cryptocurrency is currently traded at&nbsp;$0.03831&nbsp;at the time of publishing.<img src=\"https://static.tigerbbs.com/46bbb028feddda5c41119b1815263941\" tg-width=\"548\" tg-height=\"677\">Musk’s followers recognized the tweet as an endorsement to the current Dogecoin rally, expressing&nbsp;overwhelming support in the Dogecoin future.</p><p><b>Why It Matters:</b>&nbsp;This is not the first time Elon Musk has expressed his interest in the digital currency.</p><p>In December, Tesla CEO&nbsp;tweeted&nbsp;“One word: Doge” sending the cryptocurrency to a 20% surge.</p><p>Before that, his July&nbsp;tweet&nbsp;caused a 14% spike in Dogecoin price.</p><p>CoinMarketCap Head of Listings, however,&nbsp;in a conversation with Benzinga has warned traders about possible ramifications following a call to buy Dogecoin in a Reddit group that caused the recent price spike.</p><p>\"It bears mentioning that all of this [the spike and the Reddit thread]takes place against a discernible shift in the cultural milieu, <a href=\"https://laohu8.com/S/AONE.U\">one</a> where WSB has become emblematic of a grassroots Reddit movement that seeks to repudiate the entrenched interests and ossified power structures of WallStreet.</p><p>With his 'Gamestonk' tweet, Elon Musk -- himself the subject of legal entanglements with the establishment (SEC) and erstwhile self-proclaimed Dogecoin CEO -- has not only added rocket fuel to ignite Doge's price action on a SpaceX mission to the moon, but also a offered a familiar face for 'Robinhood traders' to coalesce around.”</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>Elon Musk Tweets In Support Of Dogecoin After Price Grows 420% In A Day</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\">\nElon Musk Tweets In Support Of Dogecoin After Price Grows 420% In A Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-29 15:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/elon-musk-tweets-support-dogecoin-015609684.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla Inc (NASDAQ: TSLA) Elon Musk has tweeted a digital magazine cover featuring a dog in apparent support of a digital currency Dogecoin.What Happened: Dogecoin, a digital currency that was launched...</p>\n\n<a href=\"https://finance.yahoo.com/news/elon-musk-tweets-support-dogecoin-015609684.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/7833d27f98c3899654cca428a2991626","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/elon-musk-tweets-support-dogecoin-015609684.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2107290824","content_text":"Tesla Inc (NASDAQ: TSLA) Elon Musk has tweeted a digital magazine cover featuring a dog in apparent support of a digital currency Dogecoin.What Happened: Dogecoin, a digital currency that was launched as a joke, has surpassed all-time high today, growing by 420.29% in a matter of one day, according to a data analytics platform CoinMarketCap. The cryptocurrency is currently traded at $0.03831 at the time of publishing.Musk’s followers recognized the tweet as an endorsement to the current Dogecoin rally, expressing overwhelming support in the Dogecoin future.Why It Matters: This is not the first time Elon Musk has expressed his interest in the digital currency.In December, Tesla CEO tweeted “One word: Doge” sending the cryptocurrency to a 20% surge.Before that, his July tweet caused a 14% spike in Dogecoin price.CoinMarketCap Head of Listings, however, in a conversation with Benzinga has warned traders about possible ramifications following a call to buy Dogecoin in a Reddit group that caused the recent price spike.\"It bears mentioning that all of this [the spike and the Reddit thread]takes place against a discernible shift in the cultural milieu, one where WSB has become emblematic of a grassroots Reddit movement that seeks to repudiate the entrenched interests and ossified power structures of WallStreet.With his 'Gamestonk' tweet, Elon Musk -- himself the subject of legal entanglements with the establishment (SEC) and erstwhile self-proclaimed Dogecoin CEO -- has not only added rocket fuel to ignite Doge's price action on a SpaceX mission to the moon, but also a offered a familiar face for 'Robinhood traders' to coalesce around.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":220,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312161451,"gmtCreate":1612068214873,"gmtModify":1704867111151,"author":{"id":"3575029815169303","authorId":"3575029815169303","name":"Sckudd","avatar":"https://static.tigerbbs.com/1b2614bc293763d2adeadba51f58f11f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575029815169303","idStr":"3575029815169303"},"themes":[],"htmlText":"//<a href=\"https://laohu8.com/U/3575029815169303\">@Sckudd</a>: [Smile] &nbsp; [Happy] &nbsp;","listText":"//<a href=\"https://laohu8.com/U/3575029815169303\">@Sckudd</a>: [Smile] &nbsp; [Happy] &nbsp;","text":"//@Sckudd: [Smile] [Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/312161451","repostId":"2107290824","repostType":4,"repost":{"id":"2107290824","pubTimestamp":1611906472,"share":"https://ttm.financial/m/news/2107290824?lang=&edition=fundamental","pubTime":"2021-01-29 15:47","market":"us","language":"en","title":"Elon Musk Tweets In Support Of Dogecoin After Price Grows 420% In A Day","url":"https://stock-news.laohu8.com/highlight/detail?id=2107290824","media":"Benzinga","summary":"Tesla Inc (NASDAQ: TSLA) Elon Musk has tweeted a digital magazine cover featuring a dog in apparent ","content":"<p><img src=\"https://static.tigerbbs.com/7833d27f98c3899654cca428a2991626\" tg-width=\"600\" tg-height=\"400\" referrerpolicy=\"no-referrer\"></p><p><b>Tesla Inc&nbsp;</b>(NASDAQ: TSLA) Elon Musk&nbsp;has tweeted&nbsp;a digital magazine cover featuring a dog in apparent support of a digital currency Dogecoin.</p><p><b>What Happened:</b>&nbsp;Dogecoin, a digital currency that was launched as a joke, has surpassed all-time high today, growing by 420.29% in a matter of <a href=\"https://laohu8.com/S/AONE\">one</a> day, according to a data analytics platform CoinMarketCap. The cryptocurrency is currently traded at&nbsp;$0.03831&nbsp;at the time of publishing.<img src=\"https://static.tigerbbs.com/46bbb028feddda5c41119b1815263941\" tg-width=\"548\" tg-height=\"677\">Musk’s followers recognized the tweet as an endorsement to the current Dogecoin rally, expressing&nbsp;overwhelming support in the Dogecoin future.</p><p><b>Why It Matters:</b>&nbsp;This is not the first time Elon Musk has expressed his interest in the digital currency.</p><p>In December, Tesla CEO&nbsp;tweeted&nbsp;“One word: Doge” sending the cryptocurrency to a 20% surge.</p><p>Before that, his July&nbsp;tweet&nbsp;caused a 14% spike in Dogecoin price.</p><p>CoinMarketCap Head of Listings, however,&nbsp;in a conversation with Benzinga has warned traders about possible ramifications following a call to buy Dogecoin in a Reddit group that caused the recent price spike.</p><p>\"It bears mentioning that all of this [the spike and the Reddit thread]takes place against a discernible shift in the cultural milieu, <a href=\"https://laohu8.com/S/AONE.U\">one</a> where WSB has become emblematic of a grassroots Reddit movement that seeks to repudiate the entrenched interests and ossified power structures of WallStreet.</p><p>With his 'Gamestonk' tweet, Elon Musk -- himself the subject of legal entanglements with the establishment (SEC) and erstwhile self-proclaimed Dogecoin CEO -- has not only added rocket fuel to ignite Doge's price action on a SpaceX mission to the moon, but also a offered a familiar face for 'Robinhood traders' to coalesce around.”</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>Elon Musk Tweets In Support Of Dogecoin After Price Grows 420% In A Day</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\">\nElon Musk Tweets In Support Of Dogecoin After Price Grows 420% In A Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-29 15:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/elon-musk-tweets-support-dogecoin-015609684.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla Inc (NASDAQ: TSLA) Elon Musk has tweeted a digital magazine cover featuring a dog in apparent support of a digital currency Dogecoin.What Happened: Dogecoin, a digital currency that was launched...</p>\n\n<a href=\"https://finance.yahoo.com/news/elon-musk-tweets-support-dogecoin-015609684.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/7833d27f98c3899654cca428a2991626","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/elon-musk-tweets-support-dogecoin-015609684.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2107290824","content_text":"Tesla Inc (NASDAQ: TSLA) Elon Musk has tweeted a digital magazine cover featuring a dog in apparent support of a digital currency Dogecoin.What Happened: Dogecoin, a digital currency that was launched as a joke, has surpassed all-time high today, growing by 420.29% in a matter of one day, according to a data analytics platform CoinMarketCap. The cryptocurrency is currently traded at $0.03831 at the time of publishing.Musk’s followers recognized the tweet as an endorsement to the current Dogecoin rally, expressing overwhelming support in the Dogecoin future.Why It Matters: This is not the first time Elon Musk has expressed his interest in the digital currency.In December, Tesla CEO tweeted “One word: Doge” sending the cryptocurrency to a 20% surge.Before that, his July tweet caused a 14% spike in Dogecoin price.CoinMarketCap Head of Listings, however, in a conversation with Benzinga has warned traders about possible ramifications following a call to buy Dogecoin in a Reddit group that caused the recent price spike.\"It bears mentioning that all of this [the spike and the Reddit thread]takes place against a discernible shift in the cultural milieu, one where WSB has become emblematic of a grassroots Reddit movement that seeks to repudiate the entrenched interests and ossified power structures of WallStreet.With his 'Gamestonk' tweet, Elon Musk -- himself the subject of legal entanglements with the establishment (SEC) and erstwhile self-proclaimed Dogecoin CEO -- has not only added rocket fuel to ignite Doge's price action on a SpaceX mission to the moon, but also a offered a familiar face for 'Robinhood traders' to coalesce around.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":79,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312161652,"gmtCreate":1612068181676,"gmtModify":1704867110667,"author":{"id":"3575029815169303","authorId":"3575029815169303","name":"Sckudd","avatar":"https://static.tigerbbs.com/1b2614bc293763d2adeadba51f58f11f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575029815169303","idStr":"3575029815169303"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/312161652","repostId":"2107223679","repostType":2,"repost":{"id":"2107223679","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1612044660,"share":"https://ttm.financial/m/news/2107223679?lang=&edition=fundamental","pubTime":"2021-01-31 06:11","market":"us","language":"en","title":"How you could lose everything by short-selling stocks, whether it's betting against GameStop or Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=2107223679","media":"Dow Jones","summary":"MW UPDATE: How you could lose everything by short-selling stocks, whether it's betting against GameS","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW UPDATE: How you could lose everything by short-selling stocks, whether it's betting against GameStop or Tesla\n</p>\n<p>\n  By Philip van Doorn \n</p>\n<p>\n  GameStop short-sellers are blowing up professional investors' funds. But the story is far different for bets against Tesla and other large-cap stocks. \n</p>\n<p>\n  The wild ride for GameStop Corp.'s stock illustrates the power of social media to force short-sellers -- even professional investors -- to give up on their positions and book heavy losses. But talk of individual investors \"breaking\" the mechanics of the stock market may be premature. \n</p>\n<p>\n  Among the S&amp;P Composite 1500, GameStop is the  most heavily shorted stock as a percentage of shares available for sale, according to  FactSet, which updates the numbers twice a month. The most heavily shorted stock in dollars is Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>. \n</p>\n<p>\n  Tesla and other large companies, including Amazon.com Inc. <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a> and Apple Inc. <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a>, have tens of billions of dollars in short sales against their stocks. Those bets center around hedge funds and other professional investors making much bigger wagers than the ones against GameStop. \n</p>\n<p>\n  \"I have never see anybody rush the capital markets like they did [into GameStop's shares], and it could not have occurred without social media. The public has gotten so much more involved in individual stocks that they are overwhelming the professionals right now, in these small- and mid-cap stocks. Not in Tesla,\" said Brad Lamensdorf, CEO of ActiveAlts in Westport, Conn., who runs long and short investment strategies. \n</p>\n<p>\n  Regardless, GameStop's action illustrates, once again, why non-professionals shouldn't short-sell stocks. \n</p>\n<p>\n  Take a look at the <a href=\"https://laohu8.com/S/AONE\">one</a>-year chart  for GameStop's stock through Jan. 25: \n</p>\n<p>\n  That's a rocket ride, as investors who connected through Reddit poured money into the shares, pushing the price up,  which forced investors with short positions to cover, which pushed up the shares even higher, despite a lack of any recent good financial news from the company , as Wallace Witkowski explained. \n</p>\n<p>\n  Short-selling is when an investor borrows shares and immediately sells them, hoping he or she can buy them back later at a lower price, return them to the lender and pocket the difference. \n</p>\n<p>\n  What makes shorting stocks best left to professionals is the potential for unlimited losses. In contrast, if you buy shares of a company (take a \"long\" position) and the stock falls, your potential loss is the amount of your investment. It can be wiped out if the company goes bankrupt. \n</p>\n<p>\n  But if you short a stock, what if it goes up and keeps going up? Your loss potential goes to infinity. At some point you will probably give up and \"cover\" your short position by buying the shares to return them to the lender, and take the loss. If you borrow shares and sell them for $10, and then cover at $20, you just lost $10 a share. If a stock you have shorted rises, your broker eventually will demand more collateral -- cash set aside to protect the broker from potential losses as your loss position increases in size. \n</p>\n<p>\n  So a short squeeze is a scramble among investors with short positions to buy shares and cover as quickly as possible. It can create a feeding frenzy and a temporary spike in the share price, as we have seen for GameStop. \n</p>\n<p>\n  On Monday, while discussing GameStop, Jim Cramer said on CNBC  that \"[t]he mechanics of the market are breaking down. It's arguable that these people are all <a href=\"https://laohu8.com/S/AONE.U\">one</a> group.\" \n</p>\n<p>\n  Starting with the S&amp;P Composite 1500 Index (made up of the S&amp;P 500 , the S&amp;P 400 Mid Cap Index <a href=\"https://laohu8.com/S/MID\">$(MID)$</a> and the S&amp;P Small-Cap 600 Index ), here are the 20 stocks with the highest percentages of shares sold short against the total number of shares available for trading: \n</p>\n<p>\n  Scroll the table to see all the data. \n</p>\n<p>\n  The short percentages supplied by FactSet are updated twice a month, based on the most recently available data for shares sold short and the number of shares outstanding and available for trading as of the previous month-end. \n</p>\n<p>\n  Lamensdorf, who co-manages the AdvisorShares <a href=\"https://laohu8.com/S/HDGE\">Ranger Equity Bear ETF</a> (HDGE), argues that any short percentage \"over 30% to 40% is outrageously high.\" Participating in a trade that is so aggressive is very risky because the chance of a short squeeze is so much higher, he said during an interview. \n</p>\n<p>\n  Read:As day traders make wild options bets in search of 'lottery-like payoffs' in the stock market, some fear history is repeating itself  \n</p>\n<p>\n  HDGE is designed to be used by professional investors as a hedging tool. The ETF takes short positions in companies its managers believe exhibit low earnings quality or \"aggressive accounting\" that may \"mask operational deterioration.\" \n</p>\n<p>\n  Lamensdorf stressed that in a bull market, a short-only fund is \"a very lonely place,\" and that it is meant to be used to help investors create their own long/short strategies. \n</p>\n<p>\n  Professional money managers' long/short strategies help explain why a company such as CleanSpark Inc. <a href=\"https://laohu8.com/S/CLSK\">$(CLSK)$</a>, whose shares have risen from about $10 in late November to $25 recently, still has 10% of its shares sold short. \n</p>\n<p>\n  \"Some of the quantitative investors are levered two-to-one, and they are long/short similar companies, and are just trying to play the spread between the two. They do not care if they are squeezed with some, because they have something on the other side appreciating at a similar rate,\" according to Lamensdorf. \n</p>\n<p>\n  While discussing the GameStop short squeeze, Lamensdorf said this sort of action -- individual investors using social media to greatly affect a stock's movement -- isn't happening with large companies. Tesla Inc. (TSLA) provides an astounding example. \n</p>\n<p>\n  When asked how it was possible for more  than 100% of GameStop's shares to be sold short, Lamensdorf said that there are places where people can have \"naked\" short positions -- those that didn't involve actually borrowing the shares to short them. \n</p>\n<p>\n  \"It is illegal, in general, to short a stock without borrowing,\" he said, \"but sometimes a broker is not as careful as it need to be.\" \n</p>\n<p>\n  In the S&amp;P Composite 1500, here are the 20 companies with the highest amount of dollars' worth of shares sold short: \n</p>\n<p>\n  So 8% of Tesla's float is sold short, but that is $66.7 billion. \n</p>\n<p>\n  \"That's not Robinhood, dude!\" Lamensdorf said -- emphasizing that for the largest companies, the short action is controlled by hedge funds and other professional investors. \n</p>\n<p>\n  It is notable that GameStop is on both lists -- it shows how extreme the situation is for that stock, at least until FactSet's data catches up with all the covered short positions. \n</p>\n<p>\n  Take a look at the second company on the second table: Amazon has only 1% of its float sold short, but that adds up to $12.7 billion. Next is Apple with a significant 5% short, for $12.5 billion. Other companies on the list that may surprise you include Microsoft Corp. <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a>, <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc. (FB) and Nvidia Corp. <a href=\"https://laohu8.com/S/NVDA\">$(NVDA)$</a>, but again, these companies have relatively small percentages of short-sales but large market capitalizations. \n</p>\n<p>\n  Lamensdorf  is CEO of ActiveAlts, through which he and colleagues run  a \"momentum\" strategy that focuses on stocks of heavily shorted companies. \n</p>\n<p>\n  An example of a heavily shorted stock that has been very profitable for Lamensdorf is BlackBerry Ltd. (BB.T). Take a look at the one-year chart: \n</p>\n<p>\n  Shares of BlackBerry began to fly up after the company announced a multiyear deal to provide software for Amazon Web Services . Lamensdorf said that BlackBerry had already been \"a core position of ours,\" because of his confidence that the company, under the leadership of CEO John Chen, would continue to enter new contracts with companies developing technology for autonomous vehicles and otherwise connected vehicles. \n</p>\n<p>\n  BlackBerry always had a reputation for excellent network security. That wasn't enough to save its smartphone business from the iPhone and Android phones, but there is a growing need for what BlackBerry offers. \n</p>\n<p>\n  The action for BlackBerry's stock continues to be heated. The shares flew up 28% on Jan. 25, and on the same day, the company released a statement saying it was \"not awar  to develop autonomous driving technology. \n</p>\n<p>\n  According to FactSet, 7.1% of BlackBerry's shares are still sold short. On a market cap that has now reached $10.1 billion, that's more than $700 million in short bets against the company. \n</p>\n<p>\n  \"You are talking about short-sellers down $1.4 billion,\" Lamensdorf said. \n</p>\n<p>\n  -Philip van Doorn; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  January 30, 2021 17:11 ET (22:11 GMT)\n</p>\n<p>\n  Copyright (c) 2021 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>","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>How you could lose everything by short-selling stocks, whether it's betting against GameStop or Tesla</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\">\nHow you could lose everything by short-selling stocks, whether it's betting against GameStop or Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-01-31 06:11</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW UPDATE: How you could lose everything by short-selling stocks, whether it's betting against GameStop or Tesla\n</p>\n<p>\n  By Philip van Doorn \n</p>\n<p>\n  GameStop short-sellers are blowing up professional investors' funds. But the story is far different for bets against Tesla and other large-cap stocks. \n</p>\n<p>\n  The wild ride for GameStop Corp.'s stock illustrates the power of social media to force short-sellers -- even professional investors -- to give up on their positions and book heavy losses. But talk of individual investors \"breaking\" the mechanics of the stock market may be premature. \n</p>\n<p>\n  Among the S&amp;P Composite 1500, GameStop is the  most heavily shorted stock as a percentage of shares available for sale, according to  FactSet, which updates the numbers twice a month. The most heavily shorted stock in dollars is Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>. \n</p>\n<p>\n  Tesla and other large companies, including Amazon.com Inc. <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a> and Apple Inc. <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a>, have tens of billions of dollars in short sales against their stocks. Those bets center around hedge funds and other professional investors making much bigger wagers than the ones against GameStop. \n</p>\n<p>\n  \"I have never see anybody rush the capital markets like they did [into GameStop's shares], and it could not have occurred without social media. The public has gotten so much more involved in individual stocks that they are overwhelming the professionals right now, in these small- and mid-cap stocks. Not in Tesla,\" said Brad Lamensdorf, CEO of ActiveAlts in Westport, Conn., who runs long and short investment strategies. \n</p>\n<p>\n  Regardless, GameStop's action illustrates, once again, why non-professionals shouldn't short-sell stocks. \n</p>\n<p>\n  Take a look at the <a href=\"https://laohu8.com/S/AONE\">one</a>-year chart  for GameStop's stock through Jan. 25: \n</p>\n<p>\n  That's a rocket ride, as investors who connected through Reddit poured money into the shares, pushing the price up,  which forced investors with short positions to cover, which pushed up the shares even higher, despite a lack of any recent good financial news from the company , as Wallace Witkowski explained. \n</p>\n<p>\n  Short-selling is when an investor borrows shares and immediately sells them, hoping he or she can buy them back later at a lower price, return them to the lender and pocket the difference. \n</p>\n<p>\n  What makes shorting stocks best left to professionals is the potential for unlimited losses. In contrast, if you buy shares of a company (take a \"long\" position) and the stock falls, your potential loss is the amount of your investment. It can be wiped out if the company goes bankrupt. \n</p>\n<p>\n  But if you short a stock, what if it goes up and keeps going up? Your loss potential goes to infinity. At some point you will probably give up and \"cover\" your short position by buying the shares to return them to the lender, and take the loss. If you borrow shares and sell them for $10, and then cover at $20, you just lost $10 a share. If a stock you have shorted rises, your broker eventually will demand more collateral -- cash set aside to protect the broker from potential losses as your loss position increases in size. \n</p>\n<p>\n  So a short squeeze is a scramble among investors with short positions to buy shares and cover as quickly as possible. It can create a feeding frenzy and a temporary spike in the share price, as we have seen for GameStop. \n</p>\n<p>\n  On Monday, while discussing GameStop, Jim Cramer said on CNBC  that \"[t]he mechanics of the market are breaking down. It's arguable that these people are all <a href=\"https://laohu8.com/S/AONE.U\">one</a> group.\" \n</p>\n<p>\n  Starting with the S&amp;P Composite 1500 Index (made up of the S&amp;P 500 , the S&amp;P 400 Mid Cap Index <a href=\"https://laohu8.com/S/MID\">$(MID)$</a> and the S&amp;P Small-Cap 600 Index ), here are the 20 stocks with the highest percentages of shares sold short against the total number of shares available for trading: \n</p>\n<p>\n  Scroll the table to see all the data. \n</p>\n<p>\n  The short percentages supplied by FactSet are updated twice a month, based on the most recently available data for shares sold short and the number of shares outstanding and available for trading as of the previous month-end. \n</p>\n<p>\n  Lamensdorf, who co-manages the AdvisorShares <a href=\"https://laohu8.com/S/HDGE\">Ranger Equity Bear ETF</a> (HDGE), argues that any short percentage \"over 30% to 40% is outrageously high.\" Participating in a trade that is so aggressive is very risky because the chance of a short squeeze is so much higher, he said during an interview. \n</p>\n<p>\n  Read:As day traders make wild options bets in search of 'lottery-like payoffs' in the stock market, some fear history is repeating itself  \n</p>\n<p>\n  HDGE is designed to be used by professional investors as a hedging tool. The ETF takes short positions in companies its managers believe exhibit low earnings quality or \"aggressive accounting\" that may \"mask operational deterioration.\" \n</p>\n<p>\n  Lamensdorf stressed that in a bull market, a short-only fund is \"a very lonely place,\" and that it is meant to be used to help investors create their own long/short strategies. \n</p>\n<p>\n  Professional money managers' long/short strategies help explain why a company such as CleanSpark Inc. <a href=\"https://laohu8.com/S/CLSK\">$(CLSK)$</a>, whose shares have risen from about $10 in late November to $25 recently, still has 10% of its shares sold short. \n</p>\n<p>\n  \"Some of the quantitative investors are levered two-to-one, and they are long/short similar companies, and are just trying to play the spread between the two. They do not care if they are squeezed with some, because they have something on the other side appreciating at a similar rate,\" according to Lamensdorf. \n</p>\n<p>\n  While discussing the GameStop short squeeze, Lamensdorf said this sort of action -- individual investors using social media to greatly affect a stock's movement -- isn't happening with large companies. Tesla Inc. (TSLA) provides an astounding example. \n</p>\n<p>\n  When asked how it was possible for more  than 100% of GameStop's shares to be sold short, Lamensdorf said that there are places where people can have \"naked\" short positions -- those that didn't involve actually borrowing the shares to short them. \n</p>\n<p>\n  \"It is illegal, in general, to short a stock without borrowing,\" he said, \"but sometimes a broker is not as careful as it need to be.\" \n</p>\n<p>\n  In the S&amp;P Composite 1500, here are the 20 companies with the highest amount of dollars' worth of shares sold short: \n</p>\n<p>\n  So 8% of Tesla's float is sold short, but that is $66.7 billion. \n</p>\n<p>\n  \"That's not Robinhood, dude!\" Lamensdorf said -- emphasizing that for the largest companies, the short action is controlled by hedge funds and other professional investors. \n</p>\n<p>\n  It is notable that GameStop is on both lists -- it shows how extreme the situation is for that stock, at least until FactSet's data catches up with all the covered short positions. \n</p>\n<p>\n  Take a look at the second company on the second table: Amazon has only 1% of its float sold short, but that adds up to $12.7 billion. Next is Apple with a significant 5% short, for $12.5 billion. Other companies on the list that may surprise you include Microsoft Corp. <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a>, <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc. (FB) and Nvidia Corp. <a href=\"https://laohu8.com/S/NVDA\">$(NVDA)$</a>, but again, these companies have relatively small percentages of short-sales but large market capitalizations. \n</p>\n<p>\n  Lamensdorf  is CEO of ActiveAlts, through which he and colleagues run  a \"momentum\" strategy that focuses on stocks of heavily shorted companies. \n</p>\n<p>\n  An example of a heavily shorted stock that has been very profitable for Lamensdorf is BlackBerry Ltd. (BB.T). Take a look at the one-year chart: \n</p>\n<p>\n  Shares of BlackBerry began to fly up after the company announced a multiyear deal to provide software for Amazon Web Services . Lamensdorf said that BlackBerry had already been \"a core position of ours,\" because of his confidence that the company, under the leadership of CEO John Chen, would continue to enter new contracts with companies developing technology for autonomous vehicles and otherwise connected vehicles. \n</p>\n<p>\n  BlackBerry always had a reputation for excellent network security. That wasn't enough to save its smartphone business from the iPhone and Android phones, but there is a growing need for what BlackBerry offers. \n</p>\n<p>\n  The action for BlackBerry's stock continues to be heated. The shares flew up 28% on Jan. 25, and on the same day, the company released a statement saying it was \"not awar  to develop autonomous driving technology. \n</p>\n<p>\n  According to FactSet, 7.1% of BlackBerry's shares are still sold short. On a market cap that has now reached $10.1 billion, that's more than $700 million in short bets against the company. \n</p>\n<p>\n  \"You are talking about short-sellers down $1.4 billion,\" Lamensdorf said. \n</p>\n<p>\n  -Philip van Doorn; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  January 30, 2021 17:11 ET (22:11 GMT)\n</p>\n<p>\n  Copyright (c) 2021 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","AMZN":"亚马逊","GME":"游戏驿站","TSLA":"特斯拉","BB":"黑莓"},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2107223679","content_text":"MW UPDATE: How you could lose everything by short-selling stocks, whether it's betting against GameStop or Tesla\n\n\n  By Philip van Doorn \n\n\n  GameStop short-sellers are blowing up professional investors' funds. But the story is far different for bets against Tesla and other large-cap stocks. \n\n\n  The wild ride for GameStop Corp.'s stock illustrates the power of social media to force short-sellers -- even professional investors -- to give up on their positions and book heavy losses. But talk of individual investors \"breaking\" the mechanics of the stock market may be premature. \n\n\n  Among the S&P Composite 1500, GameStop is the  most heavily shorted stock as a percentage of shares available for sale, according to  FactSet, which updates the numbers twice a month. The most heavily shorted stock in dollars is Tesla Inc. $(TSLA)$. \n\n\n  Tesla and other large companies, including Amazon.com Inc. $(AMZN)$ and Apple Inc. $(AAPL)$, have tens of billions of dollars in short sales against their stocks. Those bets center around hedge funds and other professional investors making much bigger wagers than the ones against GameStop. \n\n\n  \"I have never see anybody rush the capital markets like they did [into GameStop's shares], and it could not have occurred without social media. The public has gotten so much more involved in individual stocks that they are overwhelming the professionals right now, in these small- and mid-cap stocks. Not in Tesla,\" said Brad Lamensdorf, CEO of ActiveAlts in Westport, Conn., who runs long and short investment strategies. \n\n\n  Regardless, GameStop's action illustrates, once again, why non-professionals shouldn't short-sell stocks. \n\n\n  Take a look at the one-year chart  for GameStop's stock through Jan. 25: \n\n\n  That's a rocket ride, as investors who connected through Reddit poured money into the shares, pushing the price up,  which forced investors with short positions to cover, which pushed up the shares even higher, despite a lack of any recent good financial news from the company , as Wallace Witkowski explained. \n\n\n  Short-selling is when an investor borrows shares and immediately sells them, hoping he or she can buy them back later at a lower price, return them to the lender and pocket the difference. \n\n\n  What makes shorting stocks best left to professionals is the potential for unlimited losses. In contrast, if you buy shares of a company (take a \"long\" position) and the stock falls, your potential loss is the amount of your investment. It can be wiped out if the company goes bankrupt. \n\n\n  But if you short a stock, what if it goes up and keeps going up? Your loss potential goes to infinity. At some point you will probably give up and \"cover\" your short position by buying the shares to return them to the lender, and take the loss. If you borrow shares and sell them for $10, and then cover at $20, you just lost $10 a share. If a stock you have shorted rises, your broker eventually will demand more collateral -- cash set aside to protect the broker from potential losses as your loss position increases in size. \n\n\n  So a short squeeze is a scramble among investors with short positions to buy shares and cover as quickly as possible. It can create a feeding frenzy and a temporary spike in the share price, as we have seen for GameStop. \n\n\n  On Monday, while discussing GameStop, Jim Cramer said on CNBC  that \"[t]he mechanics of the market are breaking down. It's arguable that these people are all one group.\" \n\n\n  Starting with the S&P Composite 1500 Index (made up of the S&P 500 , the S&P 400 Mid Cap Index $(MID)$ and the S&P Small-Cap 600 Index ), here are the 20 stocks with the highest percentages of shares sold short against the total number of shares available for trading: \n\n\n  Scroll the table to see all the data. \n\n\n  The short percentages supplied by FactSet are updated twice a month, based on the most recently available data for shares sold short and the number of shares outstanding and available for trading as of the previous month-end. \n\n\n  Lamensdorf, who co-manages the AdvisorShares Ranger Equity Bear ETF (HDGE), argues that any short percentage \"over 30% to 40% is outrageously high.\" Participating in a trade that is so aggressive is very risky because the chance of a short squeeze is so much higher, he said during an interview. \n\n\n  Read:As day traders make wild options bets in search of 'lottery-like payoffs' in the stock market, some fear history is repeating itself  \n\n\n  HDGE is designed to be used by professional investors as a hedging tool. The ETF takes short positions in companies its managers believe exhibit low earnings quality or \"aggressive accounting\" that may \"mask operational deterioration.\" \n\n\n  Lamensdorf stressed that in a bull market, a short-only fund is \"a very lonely place,\" and that it is meant to be used to help investors create their own long/short strategies. \n\n\n  Professional money managers' long/short strategies help explain why a company such as CleanSpark Inc. $(CLSK)$, whose shares have risen from about $10 in late November to $25 recently, still has 10% of its shares sold short. \n\n\n  \"Some of the quantitative investors are levered two-to-one, and they are long/short similar companies, and are just trying to play the spread between the two. They do not care if they are squeezed with some, because they have something on the other side appreciating at a similar rate,\" according to Lamensdorf. \n\n\n  While discussing the GameStop short squeeze, Lamensdorf said this sort of action -- individual investors using social media to greatly affect a stock's movement -- isn't happening with large companies. Tesla Inc. (TSLA) provides an astounding example. \n\n\n  When asked how it was possible for more  than 100% of GameStop's shares to be sold short, Lamensdorf said that there are places where people can have \"naked\" short positions -- those that didn't involve actually borrowing the shares to short them. \n\n\n  \"It is illegal, in general, to short a stock without borrowing,\" he said, \"but sometimes a broker is not as careful as it need to be.\" \n\n\n  In the S&P Composite 1500, here are the 20 companies with the highest amount of dollars' worth of shares sold short: \n\n\n  So 8% of Tesla's float is sold short, but that is $66.7 billion. \n\n\n  \"That's not Robinhood, dude!\" Lamensdorf said -- emphasizing that for the largest companies, the short action is controlled by hedge funds and other professional investors. \n\n\n  It is notable that GameStop is on both lists -- it shows how extreme the situation is for that stock, at least until FactSet's data catches up with all the covered short positions. \n\n\n  Take a look at the second company on the second table: Amazon has only 1% of its float sold short, but that adds up to $12.7 billion. Next is Apple with a significant 5% short, for $12.5 billion. Other companies on the list that may surprise you include Microsoft Corp. $(MSFT)$, Facebook Inc. (FB) and Nvidia Corp. $(NVDA)$, but again, these companies have relatively small percentages of short-sales but large market capitalizations. \n\n\n  Lamensdorf  is CEO of ActiveAlts, through which he and colleagues run  a \"momentum\" strategy that focuses on stocks of heavily shorted companies. \n\n\n  An example of a heavily shorted stock that has been very profitable for Lamensdorf is BlackBerry Ltd. (BB.T). Take a look at the one-year chart: \n\n\n  Shares of BlackBerry began to fly up after the company announced a multiyear deal to provide software for Amazon Web Services . Lamensdorf said that BlackBerry had already been \"a core position of ours,\" because of his confidence that the company, under the leadership of CEO John Chen, would continue to enter new contracts with companies developing technology for autonomous vehicles and otherwise connected vehicles. \n\n\n  BlackBerry always had a reputation for excellent network security. That wasn't enough to save its smartphone business from the iPhone and Android phones, but there is a growing need for what BlackBerry offers. \n\n\n  The action for BlackBerry's stock continues to be heated. The shares flew up 28% on Jan. 25, and on the same day, the company released a statement saying it was \"not awar  to develop autonomous driving technology. \n\n\n  According to FactSet, 7.1% of BlackBerry's shares are still sold short. On a market cap that has now reached $10.1 billion, that's more than $700 million in short bets against the company. \n\n\n  \"You are talking about short-sellers down $1.4 billion,\" Lamensdorf said. \n\n\n  -Philip van Doorn; 415-439-6400; AskNewswires@dowjones.com \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  January 30, 2021 17:11 ET (22:11 GMT)\n\n\n  Copyright (c) 2021 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":215,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}