Insiders at the high flying stocks like GameStop and AMC were selling shares right as these stocks were soaring. They definitely made out at a great time and I’m sure they appreciated the run-up. Also, it seems that some hedge funds were able to profit off of their ownership of the stock and sold as it was ramping up. Now it seems like there’s a new trade that some have been looking at. No longer is most-shorted the most attractive aspect. It’s actually about purposely buying into illiquid stocks. Let’s see what happens with these ones.
Yellen seeks to ‘understand deeply’ GameStop frenzy as market regulators meet | Reuters
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Thursday vowed to protect investors, but said financial market regulators needed to fully understand the recent trading frenzy involving GameStop Corp and other retail stocks before taking any action.
Koss Corp (KOSS) President and CEO Michael J Koss Sold $13.3 million of Shares
President and CEO of Koss Corp ( 30-Year Financial, Insider Trades) Michael J Koss ( insider trades) sold 324,000 shares of KOSS on 02/02/2021 at an average price of $40.94 a share. The total sale was $13.3 million. Koss Corp is engaged in the design, manufacture and sale of stereo headphones and related accessory products.
Silver Lake Scores $113 Million on AMC Stake Amid Reddit Rally – Bloomberg
AMC – Amc Entertainment Holdings, Inc. – SEC Form 4 Insider Trading Screener – OpenInsider
GME – Gamestop Corp. – SEC Form 4 Insider Trading Screener – OpenInsider
KOSS – Koss Corp – SEC Form 4 Insider Trading Screener – OpenInsider
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biotech shorted.jpg (1215×625)
Naked Short Selling: The Truth Is Much Worse Than You Have Been Told | OilPrice.com
There is a massive threat to our capital markets, the free market in general, and fair dealings overall. And no, it’s not China. It’s a homegrown threat that everyone has been afraid to talk about. Until now. That fear has now turned into rage.
The financial system is seeing a massive uptick, massive flows of money, cash, debt into equities. More stimulus is on the way. This is in every form. Money printing from the central banks but also stimulus packages from the government itself. The expectation is that this will reflate the economy, pushing more money into stocks for those who have the disposable income. We have seen wallstreetbets on reddit growing in influence. AMC stock and KOSS stock and GME stock rose rapidly.
— APPENDICES —
Citadel Securities and its majority owner Ken Griffin are among the big winners from a boom in retail investing, cashing in on the zero-fee trading that has lured huge numbers of first-time investors to the US stock market. Chicago-based Citadel Securities accounts for 40 of every 100 shares traded by individual investors in the US,…
— The Money GPS: GME and AMC attracted many buyers. Illiquid stocks/micro cap stocks are now trendy. Be careful. (Instagram Feb 4, 2021)
— The Money GPS: Wall Street Bets on Reddit is adding millions of people. Retail traders needed to keep the prices going higher. (Instagram Jan 30, 2021)
— The Money GPS: Jim Cramer says don’t go for grand slam. What do you think? (Instagram Jan 29, 2021)
— The Money GPS: Find a company you thought was no longer in business, buy some shares, get rich quick. Is that what’s seriously happening right now?! (Instagram Jan 29, 2021)
— The Money GPS: Investing legend says bad things are coming because paper printing does not create an economy. (Instagram Jan 22, 2021)
— The Money GPS: The purpose of big tech is to absorb your data. Not to provide a service and later take advantage of you. Look up In Q Tel. (Instagram Jan 21, 2021)
— The Money GPS: To get where you want to be, you have to know where you are now. (Instagram Jan 4, 2021)
— The Money GPS: Master one thing before moving on. Know where you are in the cycle. (Instagram Dec 15, 2020)
— The Money GPS: Be a better investor | How to be a better investor. Window shop! (Instagram Dec 12, 2020)
— FOOTNOTES —
Wake up to the suits and ties. They’re all lying to you. None are your friends. None wish to help you. Wolves in sheep clothing. More distractions than ever before. The magician always makes a spectacle to hide the trick.
UNEMPLOYMENT RATE DROPS TO 6.3%. Of course that’s the seasonally adjusted number they like to show. Of course that doesn’t include all of the people who have left the workforce, the underemployed, the people who have fallen off the statistic. But who cares, right? #unemployed
Powell was just asked about GameStop stock. Said he doesn’t want to comment. Yea… We know you don’t want to comment on it because you’ve created this madness. David Liesman asked a follow up, specifically asked him to talk about super low rates creating a bubble #gamestop pic.twitter.com/JF0mPhS9PY
Powell: “The real unemployment rate is close to 10% when you include those who have left the labor force” Money printing does not impact asset prices. Stocks and low interest rates not very correlated #gamestop pic.twitter.com/qruhSmyBZL
We live in a fantasy land. More money flowing in than ever before, IPO frenzy, housing skyrocketing. Euphoria never end well. The higher it goes the worse it will be. Slow and steady growth is much safer. #money #investments #debt
IF THEY WILL FIGHT OVER PLAYSTATION…What would they do for food? #ps5 #PlayStation5 #playstation #ps5fight #walmart pic.twitter.com/hbimVKzeta
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The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It’s simply data that is generally not found through conventional means.
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