GameStop's plunge wipes out US$11 billion as platforms curb trades

The Straits Times2021-01-29

NEW YORK (BLOOMBERG) - GameStop snapped a dizzying six-day rally to wipe out nearly US$11 billion in market value after moves by brokerages to curb trading of the stock on their apps whipped up ...

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精彩评论

Soontonghuat
2021-01-30
Soontonghuat
Hahaha
- Soontonghuat:
  Lmao too bad
- Siewleerocks:
  haha
- Siewleerocks:
  yup
- Siewleerocks:
  ok
- Soontonghuat:
  Yes
JYP
2021-01-29
JYP
Desperate
Poggki
2021-01-29
Poggki
Will u support this?
- 5121221c:
  Goooooooooooddd
StonkerLL
2021-01-29
StonkerLL
Power to the people!!

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The video-game retailer has advanced more than 900 per cent this year, fuelling a rally in retail trading across the board and leading some short sellers to throw in the towel. However, that rally seemed to stall out on Thursday.\n\"With a company like GameStop, at some point it comes back to Earth. Even the folks on Reddit know that,\" said Jerry Braakman, chief investment officer of First American Trust in Santa Ana, California, which manages around US$2 billion. \"The market's going to find the right price, the price that's not a short-term squeeze price.\"\nMore on this topic\nRelated Story\nSenate panel to hold hearing amid GameStop frenzy\nRelated Story\n4 things to know about the GameStop insanity\nTrading has remained volatile since the last regular US session, in which the stock rose 135 per cent. Gains were briefly pared postmarket after the Reddit page that has fuelled this month's surge was made private and then later reopened by the group's moderators.\nIn the time the original WallStreetBets board was down, an alternate forum called Wallstreetbetsnew topped 350,000 members.\n\"This will burn itself out, like any other mania, but there will likely to be some impact on the market as a whole,\" said Marshall Front, chief investment officer at Front Barnett Associates. \"That these eye-popping moves happen after a nearly 70 per cent move in the S&P since March shows there's plenty of room for a pullback.\"\nBest-case scenario\nGameStop shares would be worth US$125.75 in a best-case scenario, compared to its close of US$193.60, said Baird analyst Colin Sebastian. That assumes a successful transition that maintains its current market share, preserves its used-game business, and diversifies into other services, he wrote in a report.\nMore on this topic\nRelated Story\nEpic battle over GameStop as 'nerds' take on Wall Street\nRelated Story\nReddit's WallStreetBets briefly goes dark after fueling GameStop surge\nSebastian laid out four different scenarios for the stock, ranging from \"bright blue sky\" to \"storm cloud.\"\nBaird has a US$13 share price target with a hold-equivalent rating.\nShorts exit\nGameStop's rise has prompted analysts at Citigroup to warn investors that some exchange-traded funds face an outsized influence from the video-game retailer as its boom has altered their composition.\nAnalyst Scott Chronert advised clients to take \"special note\" of ETFs that incorporate leverage in their funds. A larger allocation to the stock may materially change fund performance for now until rebalance dates occur, he said in a report.\nWhy regulators may scrutinize Reddit's GameStop gambit\nThe Reddit community has dominated equities trading all week as retail traders target heavily shorted shares, causing ripples across the market. 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too bad","text":"Lmao too bad","html":"Lmao too bad"},{"id":4007485,"gmtCreate":1618119976483,"gmtModify":1635740809505,"authorId":3578472165464903,"author":{"id":3578472165464903,"idStr":"3578472165464903","authorId":3578472165464903,"name":"Siewleerocks","avatar":"https://static.tigerbbs.com/f00504e0b6e3e8236e593d86c0ce08ed","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":312381252,"type":1,"supId":0,"prevId":0,"content":"<u>haha</u>","text":"<u>haha</u>","html":"<u>haha</u>"},{"id":4022665,"gmtCreate":1618292203569,"gmtModify":1635739756411,"authorId":3578472165464903,"author":{"id":3578472165464903,"idStr":"3578472165464903","authorId":3578472165464903,"name":"Siewleerocks","avatar":"https://static.tigerbbs.com/f00504e0b6e3e8236e593d86c0ce08ed","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":312381252,"type":1,"supId":3582137,"prevId":0,"content":"<u>yup</u>","text":"<u>yup</u>","html":"<u>yup</u>"},{"id":4022666,"gmtCreate":1618292210767,"gmtModify":1635739756302,"authorId":3578472165464903,"author":{"id":3578472165464903,"idStr":"3578472165464903","authorId":3578472165464903,"name":"Siewleerocks","avatar":"https://static.tigerbbs.com/f00504e0b6e3e8236e593d86c0ce08ed","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":312381252,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":4120969,"gmtCreate":1619246782773,"gmtModify":1635512463591,"authorId":3566210733768327,"author":{"id":3566210733768327,"idStr":"3566210733768327","authorId":3566210733768327,"name":"Soontonghuat","avatar":"https://static.tigerbbs.com/59798fa98f38b8f9572d4201a9cbae42","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":312381252,"type":1,"supId":0,"prevId":0,"content":"Yes","text":"Yes","html":"Yes"}],"langContent":"EN"},{"id":316359545,"gmtCreate":1611917534187,"gmtModify":1703756189566,"author":{"id":"3574383960851394","authorId":"3574383960851394","name":"JYP","avatar":"https://static.tigerbbs.com/a0df3eb8c19e40b06b9a7b5d13f276c1","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3574383960851394","authorIdStr":"3574383960851394"},"htmlText":"Desperate","listText":"Desperate","text":"Desperate","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/316359545","repostId":2107295294,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":316363770,"gmtCreate":1611916415390,"gmtModify":1703756164326,"author":{"id":"3564876523975472","authorId":"3564876523975472","name":"Poggki","avatar":"https://static.tigerbbs.com/96397c64f0a59449e5573036608f7d30","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3564876523975472","authorIdStr":"3564876523975472"},"htmlText":"Will u support this?","listText":"Will u support this?","text":"Will u support this?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/316363770","repostId":2107295294,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3441570,"gmtCreate":1611981197650,"gmtModify":1635767449203,"authorId":3549621931578219,"author":{"id":3549621931578219,"idStr":"3549621931578219","authorId":3549621931578219,"name":"5121221c","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":316363770,"type":1,"supId":0,"prevId":0,"content":"Goooooooooooddd","text":"Goooooooooooddd","html":"Goooooooooooddd"}],"langContent":"EN"},{"id":318471677,"gmtCreate":1611888771599,"gmtModify":1703755677786,"author":{"id":"3561713422683896","authorId":"3561713422683896","name":"StonkerLL","avatar":"https://static.tigerbbs.com/eaf902e5c3ab78318f8b9d33f5a68e35","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3561713422683896","authorIdStr":"3561713422683896"},"htmlText":"Power 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