Day trading
ASX tumbles after miners, energy stocks close on the back foot
Australia’s sharemarket has closed in negative territory, weighed down by energy, IT, and materials stocks, following the Chinese central bank’s decision to keep benchmark rates on hold.
- by Nell Geraets
Latest
‘The people demand answers’: Elon Musk grills Robinhood chief executive on GameStop
The world’s richest man questioned the chief executive of trading platform Robinhood over the GameStop sharemarket battle on private social network Clubhouse.
- by Cara Waters
Exclusive
Short-selling
Top Aussie fund sold GameStop before market frenzy sent shares into the stratosphere
Paradice Investment Management sold shares in GameStop, just before an extraordinary sharemarket surge lifted the value of its former holding above $1 billion.
- by Dominic Powell and Sarah Danckert
Explainer
Short-selling
Revenge of the day traders: What’s the GameStop craze all about?
How has a chain of videogame stores become a sensation? What’s a short squeeze? And why are hedge fund managers so nervous about it all?
- by Alex Druce, Emma Koehn and Dominic Powell
Opinion
Short-selling
Wall Street may never be the same after GameStop saga
Depending on whom you ask, the GameStop saga is either a cautionary story about a bunch of reckless nerds destabilising the sharemarket for laughs in a way that is likely to backfire on them spectacularly, or a David-and-Goliath morality tale.
- by Kevin Roose
Updated
Short-selling
GameStop, AMC shares sink as Reddit trade runs into restrictions
Shares in several social-media driven stocks that have soared this week are hit hard by new restrictions, but Wall Street rebounded strongly overall.
- by Sagarika Jaisinghani and Shriya Ramakrishnan
GameStop’s Reddit-fuelled surge exposes public anger over Wall Street’s power
Efforts to curb trading by retail investors prompted a swift response from Alexandria Ocasio-Cortez who tweeted: “This is unacceptable” only for far-right GOP Senator Ted Cruz to agree.
- by Matthew Knott
‘Stunned’: GameStop trading frenzy causes local mining company shares to soar
A local mining company has been caught up in the investing craze surrounding US company GameStop thanks to its ASX code matching that of the American video game retailer.
- by Dominic Powell
Reddit day trader army fattens fortunes of the super-rich
A horde of traders on Reddit that see themselves as sticking it to the establishment by hunting for heavily shorted stocks is adding billions to the wealth of some of the world’s ultra-rich.
- by Ben Stupples
‘Unlikely to end well’: Retail investors warned on overhyped Reddit stocks
Professional money managers are warning retail investors the Reddit-fuelled rush into unloved tech stocks will end in tears.
- by Emma Koehn
Opinion
Short-selling
Trade the GameStop short squeeze if you wish - but it’s very stupid
For some reason, online traders staged a massive assault on short sellers by driving up the share price of a money-losing vide game retailer, GameStop.
- by Michael Hiltzik
Original URL: https://www.theage.com.au/topic/day-trading-1nna