Stonks is often associated with Meme Man, pictured. "We like the stock": A meme used for a currently trending stock.Hold the line: Holding on to a stock, even if it goes down in value.Rockets: When someone wants a stock price to skyrocket.Diamond hands : When a trader is prepared to hold onto their stocks or securities for a long time.Sometimes features Meme Man when used in a meme (see below). Stonks : An intentional misspelling of stocks.What's a stonk, and what does it have to do with trading? Here's a sampling of the lingo behind the enormous highs, and what the terms mean: Elon Musk, founder of Tesla and SpaceX, helped fuel the activity with a one-word tweet on Jan. Part of what's so unusual about the GameStop stock spike is the vocabulary that's been used to drive the trading action. The White House has said it's monitoring the situation. 27 in response to the runaway growth - the company got itself into trouble by restricting stock trades and will be closely reviewed by the SEC (It's currently limiting buys on AMC and GameStop stocks). Trading app Robinhood followed suit on Jan. 26 and continues to post an advisory note to clients about market volatility. In fact, broker TD Ameritrade restricted trading of the GameStop and AMC stocks on Jan. Some are calling the market manipulation a "Ponzi scheme," and the stock price will likely even out once the hullabaloo dies down. No, this doesn't mean you should necessarily drop everything and fully invest in the stock of the moment. Other companies, like AMC and Nokia, have also been affected by the coordinated surge.
Small investors are using Reddit communities to drive "meme stocks," causing short sales and short squeezes. Reddit users are battling it out with Wall Street to keep GameStop's stock prices soaring while Wall Street expected a crash. Reddit's community, WallStreetBets, is still assisting in the rise of GameStop's stock, which is currently sitting at $272 per share and even hit an all-time high last week.
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