from forums like Reddit's WallStreetBets. Retail investors began to plow into those heavily shorted names and pushed the stock higher. That set off what's known as a short squeeze.
Hedge funds and other investors who had shorted those stocks — essentially, a bet they would fall in price — scrambled to minimize their losses by purchasing shares at the current higher price. For example, , AMC's stock soared 301% as retail investors snatched up shares and shorts sought to cover. The movie theater stock closed at $19.90 per share that day. But as of intraday Monday, the stock was trading at nearly $14.Ja Rule said he understands and respects the investing moves by retail investors on Reddit over the past week that have squeezed hedge funds that bet big against names including GameStop and AMC.
jarule Ja have no clue what he is talking about. Why would you put him on the spot?
jarule
jarule Ja Rule = Cnbc. A joke
jarule After speaking with a fidelity rep, Fidelity opened 2.2 million accounts last year and 1 million in the last 5 days.
jarule They have to pay for it
jarule Robinhood has to please the Thugs of wall street 👍👏......
jarule Did y’all see his portfolio!?! Where’s the risk? Where are the bets? He might as well put his money in a mutual fund. The quality of people CNBC gets to come on these days is lacking. Next it will Kanye West
jarule He might have managed to just look like a weird choice to have as a guest until fyrefest is mentioned & his body language betrays his outward confidence. He knows that was a financial mess and people got screwed. Just like Vlad does right now...
jarule So wise both about stocks and music festivals
jarule He still sounds like the Cookie Monster
jarule They didn’t even give a warning. People woke up to their stocks being forced to sell only. I thought AMC filed bankruptcy and sale of shares were halted. This caused the prices to nosedive. Then the CEO goes on air and LIED! I lost thousands due to their shenanigans! I’m pissed!
jarule jarule is a stock market analyst now?
jarule The media also spun the theme that the markets are healthy and still have room to go up. This was also a coordinated lie to drive up overall stock prices for when Citadel has to liquidate tmrw. We'll never win if the media doesn't report the TRUTH!
jarule If the markets go south tmrw, blame CNBC! They spun a bullshit story about Reddit users pushing a short squeeze on Silver. This was a coordinated lie between Citadel and the media to push up the price of Silver so they can liquidate their position tmrw at an overpriced value.
jarule Why?
jarule JaRule on about sums them up .... No one else available?
jarule CNBC setting their bar lower each and every day.
jarule jarule give robin hood another chance
jarule After ja rule is done with fyre festival, he’d fix robinhood
jarule
jarule Oh crap, watch 50cent short $GME just for the hell of it.
jarule It is truly unbelievable CNBC has done ZERO to look into this! They just cover for hedge funds. JOKE
jarule 2021 👀👀👀
jarule I blocked mine lol
jarule
jarule Why did he get airtime?! really Wow
jarule No silver fake news. Just amc
jarule
jarule She was exacerbated when he didn't fall into her bullshit question trap trying to force him to say he expects $GME to be lower in 3 years.
jarule Didn’t this dude steal a bunch of money at the Frye festivals dogecoin
jarule You should of had Joe Kernen interview Ja Rule
jarule 'I ain't seen people this angry since Fyre Fest'
jarule
RobGeorge jarule Fuck CNBC! All my homies HATE CNBC! 🚀 tothemoon
jarule Americans are being exploited
jarule 🗣🗣 HEY CNBC! JaRule isn’t a viable source on ANYTHING!🙄 What A Joke barstoolsports stoolpresidente CompoundAmerica fyrefestival
jarule I think he was involved in that fake island party scam 🤔
jarule Same jarule with words of trading wisdom that promoted fyrefestival
jarule I lost more on Fyre Fest than $AMC
jarule fyre man ja rule
jarule So glad Ja Rule weighed in on this. Thanks Ja, we were dying to know what you thought about this whole situation.
jarule He’s always there when you call
jarule If Ja rule can explain what a stock is I might listen. Unless you’re exploiting the avg stock intelligence of wallstrett bets....well played
jarule Fyre fest, anyone?
jarule
jarule These people are so dumb. Robinhood’s choices were: 1) file for bankruptcy or 2) stop the trades that caused the company to almost file for bankruptcy. What moron would choose 1? Apparently many.
jarule This is what happens when you have artists making comments about financial matters. The moron obviously never heard as to why the platform was forced to restrict the trading
jarule He doesn’t understand anything about capitalization requirements.
jarule Dear wallstreetbets - All banks, brokers, hedgefunds are short puts. Sell your Apple, Amazon, Microsoft, Facebook in profits and buy PUTS with fraction of the money. Take out all the crooks at once! Pelosi+Mnuchin+Powell as well as GS, JPM,Vanguard. Do not short! GME amc
jarule And why is anything he has to say important?
jarule is this a joke?
jarule 😬😬😬
jarule I’m still made about Fyre, Ja.
jarule whats Ja rule have to do with anything? lol Lets get Justin Bieber's thoughts next🧐
jarule
jarule What is Ja Rule thinking?! I have to know
jarule Take a look at Zomedica $zom it is a disruptive pet care company that is launching its product in March.
jarule What a half wit.
jarule jarule buy some DOGE GMEtothemoon AMC AMCtothemoon Dogecoins dogetothemoon DogeToAdollar
jarule Friends don’t let friends use Robin Hood.
jarule Why are there people who make such absurd, ignorant comments? JARULE ever heard of liquidity? Ever even thought how clearance houses and trading stock firms work? If TRADERS decided to run for the exits. ROBINHOOD had to come up with a Billion dollar they did not have.
jarule even Ja trades! Brilliant points
jarule 'WHAT WOULD I BE WITHOUT MY BITCOOOOIIIIN!'
jarule GME first! Hold the line! ✋🏼💎🤚🏼
jarule $UONE 🔥🔥🔥🔥🔥🔥
jarule Ain’t this the same motherfucker that finessed a bunch of kids into going to the Fyre Festival? Yeah, he’s not my financial spokesperson!
LOL yes his input is so valuable. When’s the next frye festival?
jarule
Lol he also said this was a win for bitcoin, but it looks like y’all decided to leave that part out?
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Ja Rule Completes Harvard Business Program on EntrepreneurshipThe New York rapper is one step closer to full-blown business tycoon. Shouldn't he have done this first before Fyre Festival? Diploma mill degree
Source: TMZ - 🏆 379. / 59 Read more »