...why mere mortals should watch and learn and read FT Alphaville.
(and additionally: remind me of Edwards and Magee’s “Technical Analysis of Stock Trends” 8th ed.)
From the Founder and first editor of FTAV:
Did FT Alphaville unwittingly fuel the GameStop madness?For r/WallStreetBets, inspiration was found in ageing pink pixels.
Well, did we? Or more specifically, did an old post from Jamie Powell help bring about the deathly squeeze on Melvin Capital et al? Consider this nugget from Sheelah Kolhatkar’s fabulous tick-tock on the GameStop phenomenon in The New Yorker last month . . .
In the next few days, Herdman monitored the online chatter about GameStop. He was convinced that the price would continue to climb. He’d read about previous instances when large numbers of small investors had organized online and caused a stock to rise, such as in 2008 with Volkswagen, which had quadrupled in price in two days. Now consider this chart:....
....MUCH MORE
And Edwards and Magee?
They last appeared in "Crybaby Hedge Funds STILL Whining About the Volkswagen/Porsche Deal":
...As the losses have grown, so has the indignation. The hedge funds feel unfairly caught out. VW has been a popular "short"
I had a comment on MarketBeat's post "Bug Crushes Exxon":
Too funny.Comment by - October 28, 2008 at 10:41 am
“Such situations as the famous 1901 corner in Northern Pacific are not likely to ever occur again under present regulations…”