Weekly Buzz: The rise and crash of meme stock
Spoiler:
At the end of this post, there is a chance for you to win points!
Happy Monday, mooers! Welcome back to Weekly Buzz, where we review the news, performance, and community sentiment of the selected buzzing stocks on moomoo platform based on search and message volumes of last week! (Nano caps are excluded.)
Part Ⅰ: Make Your Choices
Part Ⅱ: Buzzing Stocks List & Mooers Comments
Three major indices moved downward, Russell 2000 Index decreased 2.17% last week (As of Aug 19, 2022). Here is the weekly buzzing stock list of last week:
1. BBBY - Buzzing Stars: ⭐⭐⭐⭐⭐
An SEC filing made public last Thursday showed that Cohen's RC Ventures had sold its entire stake in Bed Bath & Beyond Inc., and BBBY's stock plunged 14.83% to $11.030 for the week (As of Aug 19, 2022).
Mooer comment
@Peter Koh
weekly chart anchor vwap at 16.50, if it runs up it will run up to 16.50 and highest at 27.50 and if it dipped down again on Monday it may dip to 8. Trade with extra care if you are stuck at a high price.
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weekly chart anchor vwap at 16.50, if it runs up it will run up to 16.50 and highest at 27.50 and if it dipped down again on Monday it may dip to 8. Trade with extra care if you are stuck at a high price.
Read more >>
2. AMC - Buzzing Stars: ⭐⭐⭐⭐
AMC announced a quarterly dividend, which was paid on Friday, Aug 19. Shareholders of record on Monday, Aug 15 were given a $0.01 dividend. Its share price slumped 26.27% and closed at $18.020 (As of Aug 19, 2022).
Mooer comment
@BearishPanda: 1 Year Anniversary of Going Short on AMC
Aug 20 2021 was the day I decide to go short on amc and since that time what have u clown apes accomplished in that time period........if you guessed nothing then you're absolutely correct here's to many more years of proving you clown apes wrong cheers
Aug 20 2021 was the day I decide to go short on amc and since that time what have u clown apes accomplished in that time period........if you guessed nothing then you're absolutely correct here's to many more years of proving you clown apes wrong cheers
3. TSLA- Buzzing Stars: ⭐⭐⭐⭐
Elon Musk announced that the price of Tesla Inc.'s "Full Self-Driving" feature would rise 25% next month, from $12,000 to $15,000. Its stock price closed at $890.000 with a weekly decline of 1.12% (As of Aug 19, 2022).
Mooer comment
@CowTastetic:
Perhaps a way of utilising the OBV (of good stocks) may be to observe the gradients of it in the long term and attempt to make a deduction. If it has a small gradient going downwards, it indicates stock prices dropping rapidly, while if the gradient is going upwards, it may indicate rapid growth.
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Perhaps a way of utilising the OBV (of good stocks) may be to observe the gradients of it in the long term and attempt to make a deduction. If it has a small gradient going downwards, it indicates stock prices dropping rapidly, while if the gradient is going upwards, it may indicate rapid growth.
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4. MEGL - Buzzing Stars:⭐⭐⭐⭐
Magic Empire stock continued to take investors on a wild ride as the Hong Kong-based company saw massive volatility after its recent IPO. MEGL's stock popped 58.15% to $13.000 for the week (As of Aug 19, 2022).
Mooer comment
@Piggy Bank Trader:
$Magic Empire Global(MEGL.US$I made some good money on this today but got out too early. I wasn't going to be watching it and don't trust the stock long-term. I DO NOT want to be a bag holder here.
$Magic Empire Global(MEGL.US$I made some good money on this today but got out too early. I wasn't going to be watching it and don't trust the stock long-term. I DO NOT want to be a bag holder here.
5. AAPL - Buzzing Stars: ⭐⭐⭐
According to a filing with the SEC released, Apple's CFO Luca Maestri sold 96,735 shares of Apple stock valued at around $16.9 million in two transactions completed last Wednesday. AAPL 's stock fell 0.34% to $171.520 for the week (As of Aug 19, 2022).
Mooer comment
@JM investor:
When APPL first breaks and closed above MA30 on 05Jul2022, OBV also showed a positive upward trend. Then, the stock moves up along with the increase of OBV. Both stock price and OBV are showing higher highs and lower lows.
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When APPL first breaks and closed above MA30 on 05Jul2022, OBV also showed a positive upward trend. Then, the stock moves up along with the increase of OBV. Both stock price and OBV are showing higher highs and lower lows.
Read more >>
6. BBIG - Buzzing Stars:⭐⭐⭐
BBIG has recently gained from meme stock exuberance. It recently spun off Cryptyde stock, so shareholders received it as a bonus issue. Its stock price closed at $1.160, with a weekly soar of 62.99% (As of Aug 19, 2022).
Mooer comment
@z utterback:
$Vinco Ventures(BBIG.US$ just remember this could go back to .80 next week so be ready. nothing has changed. I'm just waiting for the earnings amd at somepoint the rip. shorts will cover eventually and all the people that said it would tank when it opened were dead wrong.
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$Vinco Ventures(BBIG.US$ just remember this could go back to .80 next week so be ready. nothing has changed. I'm just waiting for the earnings amd at somepoint the rip. shorts will cover eventually and all the people that said it would tank when it opened were dead wrong.
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7. SPY - Buzzing Stars:⭐⭐⭐
The price of SPY closed at $422.140, with a weekly decline of 1.16% (As of Aug 19, 2022).
Mooer comment
@SpyderCall:
The S&P 500 has rallied roughly about 16% from its 52 week bottom. Will the rally continue? Or will the S&P 500 continue downward in its 52-week bear market downtrend that it has been in since last November?
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The S&P 500 has rallied roughly about 16% from its 52 week bottom. Will the rally continue? Or will the S&P 500 continue downward in its 52-week bear market downtrend that it has been in since last November?
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8. GME- Buzzing Stars:⭐⭐⭐
GameStop launched its long-hyped HFT marketplace last month, and many media outlets reported that it got off to a surprisingly strong start. GME's stock dropped 10.43% to $36.60 for the week (As of Aug 19, 2022).
Mooer comment
@Sam The Greater:
What's to say he now doesn't completely screw over GME as well. Billionaire's don't become billionaires by being nice and helping people. They have all stepped on somebody to get to where they are. Do you still trust Cohen with your money?
What's to say he now doesn't completely screw over GME as well. Billionaire's don't become billionaires by being nice and helping people. They have all stepped on somebody to get to where they are. Do you still trust Cohen with your money?
9. SQQQ - Buzzing Stars:⭐⭐⭐
The price of SQQQ gained 6.91% last week and finally closed at $36.660 (As of Aug 19, 2022).
Mooer comment
@JustSurface:
Bitcoin and Eth pump. then when they start to fall, all the altcoins will run, until all dump for a bit and then repeat. Markets ran hot, cooling off now, so everyone's jumping on the alts (low float, penny stocks, meme plays). Then everything will come down for a bit.
Read more >>
Bitcoin and Eth pump. then when they start to fall, all the altcoins will run, until all dump for a bit and then repeat. Markets ran hot, cooling off now, so everyone's jumping on the alts (low float, penny stocks, meme plays). Then everything will come down for a bit.
Read more >>
10. QQQ - Buzzing Stars:⭐⭐
The price of QQQ went down 2.28% to $322.860 over the past week (As of Aug 19, 2022).
Mooer comment
Thanks for your reading!![]()
Before moving on to part three, congrats to the following mooers whose comments were selected as the top comments last week!
Notice: Reward will be sent to you this week. Please feel free to contact us if there is any problem.
Part Ⅲ: Weekly Topic
Time to be rewarded for your great insights and knowledge!
This week, we'd like to invite you to comment below and share your idea on:
This week, we'd like to invite you to comment below and share your idea on:
What are the general problems faced by mooers who are new to the stock market trading?
We will select 15 TOP COMMENTS by next Monday.
Winners will get 200 points by next week, with which you can exchange gifts at Reward Club.
*Comments within this week will be counted.
Winners will get 200 points by next week, with which you can exchange gifts at Reward Club.
*Comments within this week will be counted.
Top Comment Technique:
Fundamental / Technical / Capital Analyses
Personal Trading Experience
Any bright insights or knowledge
Fundamental / Technical / Capital Analyses
Personal Trading Experience
Any bright insights or knowledge
Previous of Weekly Buzz
Disclaimer: Comments above are made available for informational purposes only. Before investing, please consult a licensed professional.
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Popular on moomooOP : Time to be rewarded for your great insights and knowledge!
This week, we'd like to invite you to comment below and share your idea on:
What are the general problems faced by mooers who are new to the stock market trading?
Milk The Cow :
HopeAlways : Those who are new to stock market trading might not have a clear understanding of what they are investing in. This can happen when they read a short piece about a company that is very bullish on it and then buy some shares. It is important to understand the strengths and risks of of any company they are considering investing in and have a good grasp of its competitive advantages too. It is also imporant to understand a company's business model which is exactly how it makes money. They need to be sure thay they understand what they are investing in. Next up will be valuation. If they are buying overvalued stocks even for good companies, they may find the shares fall closer to their intrinsic value than continue rising. Always evaluate both the quality and price of any stock or company they are considering for their portfolio. They may want to keep a list of great stocks they want to own at the right price. Always aim to buy a stock for less than what they think it is worth, ideally a lot less.
Syuee : Some of the general problems faced by mooers who are new to the stock market trading :
- Besides entering and closing a trade with fruitful returns over a holding period, the foremost thing is mind control over one’s GREED, FEAR, EMOTIONS and SENTIMENTS on the trade.
- And after picking fundamentally strong stocks at their appropriate price and time, it is needed to wait patiently~ till the stock gives out its best returns over the holding period.
- So, PATIENCE is the next biggest challenge for new traders.
- Another major problem is keeping STOP LOSS.
Stock market can sometimes become a casino when beginners trade, every time they sit in front of their trading set-up.
It will not be so if one decides to take ONLY those trades where the rewards far outweigh the risks.
The secret of success in trading lies in knowing when NOT to trade.
The lesser one trades, the better are the trades, one selects.
Having said all the above, I must confess that I am still learning how to be a better trader / investor as well.
Milk The Cow Popular on moomooOP: For me, I'm not sure if I'm considered new to the US market now
, maybe old bird 
liao 
.
. 
:
. The 1st time.i heard FED, I mistaken it as FedEx... & I wondered why a delivery company is such a big deal to investors 
+
.
.
& their font size is also too small that I need enlarge the page sometime... I think even Warren Buffett will has a hard time reading 
them...
is not friendly at all 
When I start entered the US market, I'm so excited
Because I'd just moved from the sgx market to the US market, many things are new to me
1. Options
Sgx market has no such thing
2. Apes & MEME stock
I did not know that there is such thing & went into the wrong den & shot my big mouth by typing some truth that is not supposed to be mentioned & get attacked by apes.
3. FED
The US central banking & seem to be quite a big deal to investors. Even till now, sometime forgotten know the full name of it
4. US markert commission rate
Are also quite different from the sgx version
5. SEC
Some thing like the SGX
6. US stock dividend tax rate
The 30% tax on Singaporean
HopeAlways Syuee: Patience is the key to success in stock investing. For best results, think of the market's great long-term performers like $Apple (AAPL.US)$ among many others. Never hold blindly, though. Buy with the aim to hold for many years, but keep up with your holdings' progress and news. If their growth potential is no longer compelling at any point, consider selling.
Syuee HopeAlways: Finding undervalued stocks isn’t just about finding cheap stocks. The key is to look for quality stocks at prices under their fair values, rather than non-performing stocks at a very low price.
The difference is that good quality stocks will rise in value over the long term.
For beginners, they should always gather the right financial information about a stock.
doctorpot1 : I think the general problems faced by mooers who are new to the stock market trading, is that they assume that there are 100% risk free money in the stock market. If there are such thing, the bots and HF would have snatch it before we can even say "eureka!".
Some common misconceptions I saw happening frequently is that:
1. Buying stock of company that announced dividend, and think thay they can sell it after ex div date for the same price. (sadly the share price will drop by the dividend amount on ex div date, so no free money)
2. Buying deep in the money CALL option thinking it is an infinite money glitch. I.e. if share price of company X is $10, buy a CALL option with strike of $1, exercise it and earn $9 free. (sadly the premium of the option will always be greater than $9 in this case)
3. Buying PUT option on stock that is announcing stock split, to generate free money. I.e. if company X at a price of $20 is doing a 20:1 split, buy a PUT option of $20 and after ex div date, the share price of company X will become $1, thus earning $19 for free. (sadly, the option contract will adjust for the split too, so no free money there too)
But because moo moo have alot of helpful kind souls around, they are always helping new mooers out to remove all these misconceptions, if they ask
ZnWC : The strength of moomoo is it provide resources for new investors to learn about investment strategy. While investing to earning profit, do be mindful about your risk tolerance. As a new investor myself, paper trading allows me to practice new investment skills and build confidence along the way. "Do your own due diligence" or dyodd is the advice I heard frequently in investment. I think "dollar cost averaging" or dca is a good strategy to start with to avoid emotional trading
Ferdinandy : back to 950 very soon
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