For retail traders interested in sticking it to the hedge funds, this week’s selloff in popular names has been tough. While shares of GameStop are still substantially up for the year, they’re now down nearly 85 percent from their intra-day high last week.
Is the short squeeze over? Perhaps, perhaps not. Brokerage firms are untapping the brakes they tapped last week when they halted trading in a number of names. The real question, however, is whether or not traders will take their profits (or losses) to another brokerage firm when all is said and done. Since most firms at least made some limits on trading last week, it’s a good question to see who the winners and losers will be going forward.
Now here’s the rest of the news:
February 05, 2020
Quora From Your Digest
What are the most entertaining protests?
Author: Sean Kernan
Every single month, every member of the US Congress receives an issue of Hustler Magazine. It’s just another titty magazine, albeit an extremely famous one.
It might sound like Larry Flynt is trolling congress, and in some sense he is, but it is really a form of protest, against the sanctions that have been leveled against him in the past, including a brief stint in prison. He is an innovator in the business of porn, running the first widely sold hardcore porn magazine. (Source: Inside Larry Flynt’s 36-year mission to troll congress. Kohn, Michelle)
And when we talk about this little congressional prank/protest, we aren’t talking about a small operation here. It is 535 issues, that arrive monthly at the US House of Congress, addressed to individual members. Flynt has been doing it for almost 40 years now. In 1984, they tried to take him to court to make him stop, but the court ruled in his favor, saying that the people are given the right to petition the government, even through the use of porn.
Typically, they require interns to dispose of them, sometimes awkwardly, walking halls looking for trash. Though I suspect not all 535 make it to the garbage pen.
…also in today’s news … President Trump was acquitted by the US Senate. 😉
February 05, 2019
Habit #2 — Set Small Goals; Take Small Steps One Day at a Time
[Tomorrow — Habit #3] Day three of our Seven Habits of Recovering Procrastinators. 🙂