Tag: meme stocks
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‘Big Short’ investor Michael Burry offers an inside look at how his iconic bet against the housing bubble began
Michael Burry. Bloomberg Risk Takers Michael Burry offered an inside look at how his signature bet against the housing bubble began. "The Big Short" investor directed a colleague in 2005 to identify shaky mortgage-backed securities. Burry called out two subprime mortgage lenders who later ran into serious trouble. See more stories on Insider's business page.…
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How to find meme stocks like GameStop and AMC: Your complete guide to spotting and profiting from hot stocks on social media and Reddit’s Wall Street Bets
Meme stocks have been arguably the biggest market trend of 2021. KnowYourMeme Meme stocks like GameStop and AMC Entertainment have taken the investing world by storm in 2021. Small-time retail traders have banded together in a rebellion against Wall Street hedge funds. Insider regularly interviews experts who share how to spot meme stock surges. Below…
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Jim Simons’ RenTech fund tripled its AMC stake last quarter – and slashed its Tesla holdings by 75%
Jim Simons. AP Images / Jason Decrow Jim Simons' RenTech tripled its AMC stake and slashed its Tesla holdings by 75% last quarter. The hedge fund's bet on the movie-theater chain soared almost 20-fold in value to $103 million. RenTech held $138 million of Tesla stock, a fraction of its previous stake worth $14 billion…
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ContextLogic jumps 22% as Redditors highlight it as a meme-stock play for the week
Mateusz Slodkowski/SOPA Images/LightRocket/Getty Images Mateusz Slodkowski/SOPA Images/LightRocket/Getty Images ContextLogic, the e-commerce company that conducts the Wish platform, rallied 22 percent Monday. The company was the top-hyped stock on Reddit investing threads such as Wall Street Bets. "Wish is that the play week," said one Redditor. See more information on Insider's business page. Shares of ContextLogic…
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Crypto boss Justin Sun is down $8 million on his GameStop bet – and reveals he told Warren Buffett to invest in Tesla and bitcoin
Warren Buffett and Justin Sun. Reuters Connect Justin Sun invested $12 million in GameStop, AMC, and silver during the meme-stock boom.The Tron chief’s $10 million bet on GameStop has slumped in value to about $2 million.Sun advised Warren Buffett to invest in Tesla and Bitcoin during their charity lunch.Visit Business Insider’s homepage for more stories.…