U-S-NEWS.COM - REAL NEWS for REAL PEOPLE
KING's of FAKE NEWS = CNN - CBS News - MSNBC News - ABC News - The New York Times - The Washington Post - Facebook - Twitter and more
They ALL SUCKS and simply DO NOT tell you the truth PERIOD
WARNING! If you usually get your news from one of these so-called "News Services" Welcome to you, but be prepared for big surprises!
eg. the earth IS round, but not like a pancake, more like a football - 2+2 is not 5 or 22 but 4 - There is not 57 different genders, only 2
Help your friends, family and the truth by sharing this page and articles. Amen and a-women
KNOWLEDGE is POWER / REAL NEWS is KEY
New York: Tuesday, June 15, 2021
© 2021 U-S-NEWS.COM
Online Readers: 75
(5 just watching the pictures)
Meme stock frenzy, '90s day trading
Read it to me
Voiced by Amazon Polly

STOCK MARKET NEWS:
Meme stock frenzy, ’90s day trading

The market conditions and technology in the mania over current meme stock AMC Entertainment are vastly different from day trading during the dot-com bubble of the late 1990s, online brokerage pioneer and former options trader Tom Sosnoff told CNBC on Friday.

“There’s no comparison between the day traders of 1999-2000, and that first transition into online trading, than what we’re seeing today,” said Sosnoff, who in 1999 co-founded Thinkorswim.

“It’s completely different” from the far superior trading technology offered by the online brokerage industry nowadays to commission-free trading, he said on “Squawk Box.” “Remember back then, you basically got chopped alive with the bid-ask differential and also the commissions and the fees.”

Retail investors can now better compete with the pros on trading speed while getting razor-thin bid-ask spreads, said Sosnoff. Bid-ask spreads are the difference between what buyers are willing to pay and sellers want for securities.

Sosnoff started the online tastytrade financial network in 2011. Six years later, the tastyworks online brokerage was founded.

“It’s different than 1999. It’s different in 2008. The number of players today and the amount of capital today is massive compared to what we saw” back when it was mostly professionals who engaged in large-scale speculation, Sosnoff said, referring to the recent Reddit-fueled rise of retail traders.

“What you’re seeing is an entire generation become engaged. So instead of waiting until they’re 50 or 60 and trying to figure out what the markets are all about, they’re doing it when they’re 22 or 23. This is a generational move,” he added.

This “generational move” is being played out in grand fashion in this week’s wild ride for investors in AMC who saw the stock about double Wednesday, lose almost 18% Thursday, and fluctuate between gains and losses Friday.

“It’s definitely the retail investor leading,” Sosnoff said, as other meme stocks such as Bed Bath & Beyond, BlackBerry and GameStop also experienced high volatility this week. Sosnoff said he’s not worried about a generation of investors leaving the market entirely if the meme stock trade ends badly, which was what happened when the dot-com bubble burst starting in 2000.

“People are looking for speculation. Speculation is what turns them on. I think the opportunity to participate in something speculative that you think you own, I think that’s a really good thing. It’s good for engagement. It’s good for the markets. I think it’s good for the future of finance,” he said.

At the same time, Sosnoff said that AMC’s decision to sell shares generating around $800 million in cash and a bid for investor support to sell an additional 25 million shares are smart moves by CEO Adam Aron.

“If you’re running AMC and you’ve been given this essentially gift horse and you have the ability to float more stock, you have to do it. That’s what’s in the best interest of your company and the best interest ultimately of your long-term shareholders and everything else,” he said. “That’s just taking advantage of opportunities. That’s what good CEOs do.”

Sosnoff brought more than 20 years at the Chicago Board Options Exchange to the online brokerage business. He said he’s a trader at heart.

“In fact, I’m short the market right now,” Sosnoff said, meaning he’s betting against the overall stock market. “I like strategies where you’re essentially short the market and short some premium. I like selling volatility. So for me personally, I prefer to be short the market, and lean a little bit short volatility. It’s just a strategy.”

Disclosure: Thinkorswim was sold to TD Ameritrade in 2009. TD Ameritrade, in turn, merged with Charles Schwab last year.

Correction: Thinkorswim was founded in 1999. An earlier version misstated the year.

Read Original – Click Here

Hmm. yes i understand the
question, you know it's been at least
15 years since I've been following the news, no 10 my folks do that, hmm. what was the question again !?
Excuse me, do you remember
where you read about this ?
Are you kidding !?
of course I can, it was here
on U-S-NEWS.COM
(Visited 9 times, 1 visits today)
0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*

HERE YOU GO
A PILL FOR YOU

REAL NEWS for REAL PEOPLE
Daily or Weekly

Find Donald Trump and all the others
how to navigate the left-wing Internet

Save videos from Youtube and other platforms
before they are deleted, with only 3 mouse clicks

HELP DRAIN the SWAMP

We have now seen how the left-wing cancel culture, with great help from our mainstream fake-news media hand in hand with Google, Youtube, Twitter, Amazon, Stripe and more, they are all trying to suppress conservative opinions. It's now the time for us to cancel or at least avoid using their so-called services.

But how to do that? It's easy, find out HERE

HELP DRAIN the SWAMP
AVOID THE USE OF TWITTER
FACEBOOK & YOUTUBE
IT'S EASY! FIND OUT HERE

WAKE UP!
Real News for Real People
PGlmcmFtZSBpZD0ibGJyeS1pZnJhbWUiIHdpZHRoPSIzNDAiIGhlaWdodD0iMTkxIiBzcmM9Imh0dHBzOi8vb2R5c2VlLmNvbS8kL2VtYmVkL0NsYXNzX0FjdGlvbl9MYXdfU3VpdF9vbl9DcmltZXNfQWdhaW5zdF9IdW1hbml0eV9ieV9Eci5fUmVpbmVyX0Z1ZWxsbWljaC8wNjE1OTc3ODMxNGZlOGU0YjFkMjgzMjY3OTE4NjU1ZTUzMjU3OTJiP3I9RVczZkhmdlRSY1k1enhSWXN2c1BSTjFZM2gyaFNIeE4iIGFsbG93ZnVsbHNjcmVlbj48L2lmcmFtZT4=

TODAY'S TOP STORIES




LATEST TOP STORIES




©2021 U-S-NEWS.COM - REAL NEWS for REAL PEOPLE

DRAIN the SWAMP
BUT HOW? WELL IT'S EASY
FIND OUT HOW RIGHT HERE
HELP DRAIN the SWAMP - We have now seen how the left-wing cancel culture, with great help from our mainstream fake-news media hand in hand with Google, Youtube, Twitter, Amazon, Stripe and more, they are all trying to suppress conservative opinions. It's now the time for us to cancel or at least avoid using their so-called services. Yes but how to do that? Well it's actually very easy! There are Great alternatives for both Facebook, Twitter and Youtube, in fact even better! Find out more right here.
If you only get mainstream news you are kept in the dark, try one of these
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LnlvdXR1YmUuY29tL2VtYmVkL3ZpZGVvc2VyaWVzP2xpc3Q9VVV4NmgtZFd6SjVOcEFsamExWXNBcGRnIiB3aWR0aD0iMzAwIiBoZWlnaHQ9IjE2OSIgZnJhbWVib3JkZXI9IjAiIGFsbG93ZnVsbHNjcmVlbj0iYWxsb3dmdWxsc2NyZWVuIj48L2lmcmFtZT4=
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LnlvdXR1YmUuY29tL2VtYmVkL3ZpZGVvc2VyaWVzP2xpc3Q9VVVPMGFrdWZ1OU1Penl6M252R0lYQUF3IiB3aWR0aD0iMzAwIiBoZWlnaHQ9IjE2OSIgZnJhbWVib3JkZXI9IjAiIGFsbG93ZnVsbHNjcmVlbj0iYWxsb3dmdWxsc2NyZWVuIj48L2lmcmFtZT4=
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LnlvdXR1YmUuY29tL2VtYmVkL3ZpZGVvc2VyaWVzP2xpc3Q9VVV5NzJtNHNnZkp1RjlRTGVlY1lKRlZRIiB3aWR0aD0iMzAwIiBoZWlnaHQ9IjE2OSIgZnJhbWVib3JkZXI9IjAiIGFsbG93ZnVsbHNjcmVlbj0iYWxsb3dmdWxsc2NyZWVuIj48L2lmcmFtZT4=
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LnlvdXR1YmUuY29tL2VtYmVkL3ZpZGVvc2VyaWVzP2xpc3Q9VVVOYklESk5OZ2FSclhPRDdWbGxJTVJRIiB3aWR0aD0iMzAwIiBoZWlnaHQ9IjE2OSIgZnJhbWVib3JkZXI9IjAiIGFsbG93ZnVsbHNjcmVlbj0iYWxsb3dmdWxsc2NyZWVuIj48L2lmcmFtZT4=
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LnlvdXR1YmUuY29tL2VtYmVkL3ZpZGVvc2VyaWVzP2xpc3Q9VVU4SW9oNGF0TkRPNWEwVnkycUZtYXVRIiB3aWR0aD0iMzAwIiBoZWlnaHQ9IjE2OSIgZnJhbWVib3JkZXI9IjAiIGFsbG93ZnVsbHNjcmVlbj0iYWxsb3dmdWxsc2NyZWVuIj48L2lmcmFtZT4=
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LnlvdXR1YmUuY29tL2VtYmVkL3ZpZGVvc2VyaWVzP2xpc3Q9VVVlTGM0aGVYcUc5ZHRMN2ppUEhNQmZRIiB3aWR0aD0iMzAwIiBoZWlnaHQ9IjE2OSIgZnJhbWVib3JkZXI9IjAiIGFsbG93ZnVsbHNjcmVlbj0iYWxsb3dmdWxsc2NyZWVuIj48L2lmcmFtZT4=
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LnlvdXR1YmUuY29tL2VtYmVkL3ZpZGVvc2VyaWVzP2xpc3Q9VVVXTjNBTEhvWWhYWlpObHRiX191SURnIiB3aWR0aD0iMzAwIiBoZWlnaHQ9IjE2OSIgZnJhbWVib3JkZXI9IjAiIGFsbG93ZnVsbHNjcmVlbj0iYWxsb3dmdWxsc2NyZWVuIj48L2lmcmFtZT4=
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LmxicnlseXRpY3MuY29tL3Rvb2xzL3JhbmRvbV92aWRlb19lbWJlZC9yYW5kb20ucGhwP3BsYXRmb3JtPW9keXNlZS5jb20mYW1wO2NoYW5uZWxfY2xhaW1faWQ9OTA2Yzk5MmUxODg2N2ExNjZiN2U0Nzc2ZjAxNTNkZGQ2MjM4ODE3MiZhbXA7cj03cGlhamZWTm85Z2VTM2ttTTdDSlJCQ1dSeEdQN3NpVCIgd2lkdGg9IjMwMCIgaGVpZ2h0PSIxNjkiIGFsbG93ZnVsbHNjcmVlbj0iYWxsb3dmdWxsc2NyZWVuIj48L2lmcmFtZT4=
I'm down here in the swamp. Help me!
You now reached the bottom, exactly like
JOE BIDEN
Commander in Thief
PGlmcmFtZSB3aWR0aD0iNTAwIiBoZWlnaHQ9IjI4MSIgc3JjPSJodHRwczovL3d3dy55b3V0dWJlLmNvbS9lbWJlZC9RUDBSUmhDTzBUMCIgZnJhbWVib3JkZXI9IjAiIGFsbG93PSJhY2NlbGVyb21ldGVyOyBhdXRvcGxheTsgY2xpcGJvYXJkLXdyaXRlOyBlbmNyeXB0ZWQtbWVkaWE7IGd5cm9zY29wZTsgcGljdHVyZS1pbi1waWN0dXJlIiBhbGxvd2Z1bGxzY3JlZW4+PC9pZnJhbWU+

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

STOCK MARKET: Meme stock frenzy, '90s day trading

Share via

Log in with your credentials

Forgot your details?

Thanks!

Subscribe - Real News for Real People - Daily or Weekly Click Here


Send this to a friend