You might see investors on WallStreetBets refer to stocks this way. Stonks is an intentional misspelling of the word “stocks,” and is meant to poke fun at the stuffy nature of Wall Street and make the stock market more approachable to the common person.YOLO of course means “You Only Live Once.” On WallStreetBets, investors use this acronym in reference to speculative investing when putting money in an investment that they hope to increase in price.A Reddit user might say they are going to cash in their “tendies,” meaning that they are going to realize their profits from an investment by closing their position. 🍗 This emoji stands for “tendies,” short for chicken tenders.Paper Hands and Weak Hands are used interchangeably. 🧻🤲 On the flip side, these two emojis mean “Paper Hands” and are used to classify investors who sell their shares earlier than others, according to WallStreetBets.💎🤲 These two emojis together mean “Diamond Hands.” On WallStreetBets, users encourage each other to have diamond hands, or hold on to their investments and avoid selling.🚀 Redditors use the rocket emoji to indicate which stocks they’re hoping to “send to the moon”, or quickly increase in stock price.People who are often bearish are part of the “Bear Gang.” 🧸 The bear emoji means the opposite, denoting that someone is bearish on an investment and thinks it will decrease in value.
Those who are often bullish are known as being part of the “Bull Gang.”
Short sellers are then forced to buy the stock back at higher prices. This rush of investors produced what’s known as a short squeeze, which happens when the stock price of a heavily shorted company starts to increase. In January 2021, these investors, who refer to themselves as “apes” and “degenerates,” started buying shares of GameStop, pushing the stock’s value to a record high of $483 on January 28, 2021. At the same time, they hope to take aim at hedge funds by driving up prices on those overlooked stocks they’ve shorted. The members of WallStreetBets say they aim to “democratize” investing and make it more accessible to average people. These “Redditors” have caused big swings in the value of companies known as “meme stocks” or “You Only Live Once” (YOLO) stocks, which tend to be for companies that have been overlooked or have decreased in value, such as GameStop or AMC Entertainment, and are heavily shorted by hedge funds. In recent months, WallStreetBets has actually moved the market. WallStreetBets investors are on the move again, and they seem to be talking in a language all their own.įounded in 2012 by Jaime Rogzinski, a former bank IT consultant living in Mexico City, the popular Reddit forum for retail investors has more than 10 million members who avidly discuss investing in the stock market, as well as speculative trading, or making high-risk investments with the hope that they will increase in value.
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