Wall Street Bets runs out of Steam or changed Behavior?
In this article, I want to evaluate the top 12 mentioned wall street bets' (WSB) plays, because I noticed some changes in the WSB's behavior.
It is interesting that 10 out of the top 12 mentioned tickers are trading in the red zone(they are negative today) and a significant decrease in volume is obvious.
Only Rocketlab and BBIG are positive today..!
This is for the first time in the past few months I monitor their activity that I see something like this.
This could have several reasons:
1- They are cashing out of the market because of an imminent market correction..!
2- They have hurt very badly in yesterday's flash crash in the crypto market.(I like this one)
3- Newbies Do not buy their plays anymore! (least likely)
What do you think about this phenomenon???
Rank:
-1
CLOV
2-
SPY
3-
GME
4-
AMC
5-
AAPL
6-
CCJ
7-
BABA
8-
TSLA
9-
RKLB
10- NASDAQ:BBIG
11-
NIO
12-
MVST
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
It is interesting that 10 out of the top 12 mentioned tickers are trading in the red zone(they are negative today) and a significant decrease in volume is obvious.
Only Rocketlab and BBIG are positive today..!
This is for the first time in the past few months I monitor their activity that I see something like this.
This could have several reasons:
1- They are cashing out of the market because of an imminent market correction..!
2- They have hurt very badly in yesterday's flash crash in the crypto market.(I like this one)
3- Newbies Do not buy their plays anymore! (least likely)
What do you think about this phenomenon???
Rank:
-1
CLOV
2-
SPY
3-
GME
4-
AMC
5-
AAPL
6-
CCJ
7-
BABA
8-
TSLA
9-
RKLB
10- NASDAQ:BBIG
11-
NIO
12-
MVST
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.