原标题：9个月内飙升85次！ 美股上演“空战”，散户“逼死”华尔街空头！ 一晚上有1300亿的营业额
概要
[Ithasskyrocketed85timesin9months!USstocksstageda”air-squeezewar”retailinvestorsholdagroupto”forcetodeath”WallStreetshorts!OncetheretailinvestorsgetcrazyeventheWallStreetbearsare”tread”RecentlytheUSstockmarketstageda”centuryair-squeezewar”Theopponentswereretailinvestorsandthewell-knownWallStreetshort-selling-CitronThestockforthedecisivebattlebetweenthetwosideswasGameStation(GME)(BrokerChina)
Once retail investors get crazy, evenWall StreetThe big bears are “frightened.”
Recently, the U.S. stock market staged a “century air-squeeze war”. The two opposing parties were retail investors and the well-known Wall Street short-seller-Citron.Game station(GME)。
last night,Game stationIt rose by 92.7% again, and the turnover reached US$20.23 billion, equivalent toRMBAbout 130 billion yuan, exceeding the turnover for the whole year of 2020. It is worth noting thatGame stationAfter the market rose 49.07% again, the stock price reached US$220.6, an increase of 85 times from the April 2020 low of US$2.57.
The exciting battle was on the 25th. Half an hour after the opening of the U.S. stock market, the share price of Game Post rose rapidly, with a peak of over 144%. However, the Wall Street shorts led by Citron launched a counterattack, and the share price of Game Post fell quickly, eventually falling back to 18.12%. , The whole day amplitude was as high as 754%, and the turnover reached 16.95 billion US dollars (about 110 billion yuan).
Long and shortThe fighting between the two sides was not uncomfortable. Prior to this, Citron issued a bearish report on Game Station, believing that its reasonable stock price was $20, which would be cut several times compared to the latest closing price.
In the face of this short-selling report, retail investors instantly fry the pot, immediately appealed to Baotuan to raise the share price of the game station on social media, and attacked Citron’s social media accounts, resulting in Citron having to “disarm and surrender” and said no Comment on the game station.
At present, in this battle, crazy retail investors seem to “completely defeat” the Wall Street shorts. But some analysts said that this may be one of the most dangerous alerts for US stocks.
Crazy American retail investors, “surrendering” Wall Street bears
Unexpectedly, in the highly institutionalized U.S. stock market, retail investors became crazy and out of control. The game station, which soared 85 times in nine months, is the most vivid case.
Behind the upswing of dry land, the efforts of American retail investors are inseparable. Since 2020, Game Station has been highly sought after by individual investors and once became one of the most discussed stocks in the WallStreetBets (Wall Street Casino) section of Reddit, with more than 1.9 million discussions.
In addition, from the perspective of transaction volume data, the majority of investors in Game Post are also retail investors. On January 25, the stock’s trading volume reached 179 million shares, with a turnover rate of over 255%, and the amount reached 16.95 billion U.S. dollars (approximately RMB 110 billion); on the 26th, the trading volume further increased, and the game station rose again. 92.7%, the turnover is as high as 20.23 billion US dollars, equivalent to about 130 billion yuan.
What’s even crazier is that retail investors’ optimism about the game station seems to have become a belief, and there is no room for doubt.
On January 19, Citron stated on social media that investors who bought Game Station would be “losers in this game” and the stock’s share price would soon return to the $20 level.
At that time, the share price of Game Station was $39.36 per share, which meant that Citron believed that Game Station’s stock price would be cut in half.
Citron’s bearish attitude instantly caused American retail investors to fry the pot and attack them in the comment area, and even verbally attacked the family of Citron founder Andrew Left (Andrew Left).
At the same time, retail investors are calling on Baotuan to raise the share price of Game Station, causing short-selling institutions such as Citron to “explode”. Since January 19, its stock price has risen by more than 116%, and short positions have suffered heavy losses.
After suffering a lot of criticism, Citron insisted on a bearish view. On January 22, Citron’s official account posted that too many people were trying to attack Citron’s social accounts, but they still insisted that the game station was only worth $20 per share, and the buyer was at his own risk.
Citron obviously underestimated the madness of retail investors, who directly used technical means to block Citron’s social accounts. Subsequently, Citron had to reapply for a social account, and hung up the “free card”, indicating that it would no longer express opinions on the game station, “family first.”
At the same time, Citron stated in the statement that the refusal to express an opinion was not because he did not believe in his investment theory, but because “a group of angry mobs committed multiple crimes in the past 48 hours.” He will hand over these crimes. FBI, SEC and other government agencies.
According to financial analysisthe companyAccording to data from S3 Partners, as of January 22 (last Friday), the number of short-selling game stations reached 72 million shares. If there is no liquidation on January 25, all short investors will have the highest intraday loss of 6.78 billion US dollars (about 44 billion yuan).
Where did the game station come from?
In fact, the opposite of the wildly soaring stock price is the operating dilemma of the game station.
According to public information, Game Station started operations in 1996. It is an offline game retailer, mainly selling new and old video game hardware, physical and digital video game software, accessories, computer entertainment software, new and old mobile phones, consumer electronicsproductand otherProduct。
inthe InternetTimes, fewer and fewer people will goPhysical storePurchase physical games, and the 2020 U.S. epidemic has made the game station’s business even worse. The first three quarters of 2020LossNearly 2 billion yuan, revenue dropped by 30.1%.
Even setting aside the impact of the epidemic, the game station cannot escape the loss.In 2018 and 2019Net profitThey lost 4.5 billion yuan and 3.2 billion yuan respectively.
Therefore, in the past few years, the capital market has been very pessimistic about the game station. Its stock price has fallen from 28 US dollars in 2016 to 2.57 US dollars in April 2020.
During the period, there were also many institutional investors shorting the stock. According to FactSet’s data, the net short position of Game Station once reached 138% of the stock’s liquidity, and it was once in the US stock market.Short sellingThe most listed company.
In his bearish report, Citron’s Andrew Left also raised the main problems of the game station:
1. Although GME’s hardware sales last DecemberYoYIncreased by 23%, but overall revenue fell by 9%. GME’s market share is still beingWalmart、AmazonSwallow
2. Retail investors on Twitter are grouping together to push the stock price up, forming a very high valuation;
3. Game Station’s debt exceeds $1 billion and may sell stocks to reduce debt.
However, all these negatives seem to be no problem in the eyes of crazy retail investors. Since April 2020, the share price of Game Inn has skyrocketed, with a cumulative increase of about 85 times.
During the period, has been holding the game station shortPositionThe institutions of the United States have suffered heavy losses.
Retail investors are crazy, the dangerous “alert” of US stocks?
In fact, the madness of American retail investors is not only reflected in the game station stock.
Since 2021,blackberries, U.S. largest theater chain AMC, U.S. home textile retailer3B HomeWaiting for stockpriceIt also soared collectively, but there was hardly any good news.
YTD,blackberries、AMC Cinemas、3B HomeThe cumulative increase of 172%, 108.5%, 73%. among them,3B HomeIt is also a stock that is highly shorted by institutional investors.
Similar to GameStop,blackberries、AMC Cinemas, 3B Home Furnishing is also the object of popular discussion among retail investors on the WallStreetBets forum.
Various signs indicate that the retail power of the US stock market is rapidly rising.
According to Bloomberg data, in early January 2021, Robinhood outside the exchangeBrokerageAPP’s retail transaction volume surpassed the NYSE andNasdaqInstitutional trading volume in other places means that the retail power of US stocks can almost keep pace with institutions.
It is worth noting thatHaitong SecuritiesPreviousResearch reportIt shows that in mid-2018, US institutional investors accounted for 93.2% of the market value, and individual investors accounted for less than 6% of the market value.
However, under the attack of the epidemic, the young generation of Americans at home began to target the stock market, coupled with the zero of online retailers.commissionModel, attracting US retail investors to enter the market in large numbers, retail trading has become more active as the US stock market continues to new highs.
Reflected on the disk, retail investors directly contributed to the continuous increase in US stock market trading volume. The average trading volume in January 2021 reached 14.8 billion shares, making it one of the busiest trading hours in history.
In addition, retail investors in US stocks are very keen to speculate on small market value and conceptsthemeshare. There is a very interesting case:
recently,Elon MuskSignal advance Inc, a small medical company based in Texas, released an instant messaging application, Signal. Because of the similar name, it soared 438% in a single day, and the company’s stock price has been below $1 for a long time.
At the same time, according to Bloomberg statistics, since January 15, 2021,Low-priced stocksThe trading volume also surged rapidly, the smaller the stock market value, the more obvious the rise.
American FinanceJoint derivatives strategy of giant Heiner International GroupSupervisorChris Murphy said: There has been some incredible momentum in the retail market. They pay more attention to volume and turnover, and more actively choose small companies with low prices. This is extremely irrational.
Faced with all this, investors in A shares may say: There is an internal taste.
(Source: Brokerage China)
(Editor in charge: DF398)
Solemnly declare: The purpose of this information is to spread more information, and it has nothing to do with this stand.