Max and I are headed to the Phoenix Open today. I have not been to the open in 20 years because of the crowds. This year just 5,000 people got tickets and my friends Jim and Micah invited us so it should be a fun day in the sun.
If you trade and are not using the Stocktwits app, now you just might have too. Yesterday we added our unique social sentiment rankings to the app so you can quickly check ‘most active’, ‘trending’, ‘most watched’ as they change in real time.
Onwards…
Last Saturday I wrote about ‘Social Media As A Market Force‘ as Gamestop closed January with a 1,644% increase.
This week it closed down 80 percent, but still above $60 and well above the $10 it traded at just a month ago.
Justin had a great post about the ‘game’ players in the Gamestop squeeze.
Justin had another good post about PFOF – payment for order flow – which you will hear about endlessly the next few months. I have no strong opinion about PFOF other than my returns have never been better the last 15 years while using Robinhood and Stocktwits and Morgan Stanley (I PHONE my orders) so all that ‘front running’ of me has not made me paranoid of ‘the suits’. For 95 percent of retail making small orders and fractional orders, I actually believe PFOF is just a smart solution.
For your reading pleasure here are FOUR more good reads on Gamestop from smart people around the web…
Matt Levine and,
The Gamestop story is long from over. I say story because a documentary is already being made by a big time producer who is already chatting with even me.
I really liked this article enclosed here below that speculates on the transfer of power to retail investors as technology brings liquidity to all types of markets.
Transfer of power – A new epoch for retail investors is just beginning _ Finance & economics _ The E
Have a great Saturday.