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Matthewlee

Matthewlee

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2021-06-02

To the moon and back

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2021-05-24

NaiO vs XPeng, which would be the better choice for long term?

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2021-07-11

Meme stocks, is this the new investment

The Meme Stock Trade Is Far From Over. What Investors Need to Know.<blockquote>模因股票交易远未结束。投资者需要了解的内容。</blockquote>

2021-06-18

The trend on tech stocks keep booming

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2021-06-29

NIO, a long term stock to hold for better gains

NIO Stock Is Going Nuts. This Is the Best Explanation.<blockquote>蔚来股票正在疯狂。这是最好的解释。</blockquote>

2021-05-10

With so many news articles published, is there a easier way to digest them

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2021-05-08

This is so dubious and dangerous. Why are people investing in it

Dogecoin price’s ‘make-or-break’ moment looms with Elon Musk set to host ‘Saturday Night Live’<blockquote>狗狗币价格的“成败”时刻迫在眉睫，埃隆-马斯克将主持《周六夜现场》</blockquote>

2021-07-13

Bitcoin, name we have all heard but does anyone truly know what itis? We dabble in this due to the hype and it affects the normal investment schemes.

Just 5% Of All Bitcoins In Circulation Have Traded In The Past Year<blockquote>过去一年中流通的所有比特币中只有 5% 进行了交易</blockquote>

2021-06-26

Apple business model used to be amazing with strong barriers of entry. But now it seems that it is starting to decline in its Innovation and creativity

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2021-05-26

The narket is truly unpredictable, with memes becoming valuable as money

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is the number one platform for the false spread of false misinformation.","listText":"Facebook is the number one platform for the false spread of false misinformation.","text":"Facebook is the number one platform for the false spread of false misinformation.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/173003228","repostId":"2152368129","repostType":4,"isVote":1,"tweetType":1,"viewCount":2840,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":142672599,"gmtCreate":1626149771511,"gmtModify":1631890034760,"author":{"id":"3581814038363779","authorId":"3581814038363779","name":"Matthewlee","avatar":"https://static.tigerbbs.com/1b353e4b25bc0161b43146b622f27f99","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814038363779","idStr":"3581814038363779"},"themes":[],"title":"","htmlText":"Bitcoin, name we have all heard but does anyone truly know what itis? We dabble in this due to the hype and it affects the normal investment schemes.&nbsp;","listText":"Bitcoin, name we have all heard but does anyone truly know what itis? We dabble in this due to the hype and it affects the normal investment schemes.&nbsp;","text":"Bitcoin, name we have all heard but does anyone truly know what itis? We dabble in this due to the hype and it affects the normal investment schemes.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/142672599","repostId":"1161408787","repostType":4,"repost":{"id":"1161408787","kind":"news","pubTimestamp":1626147401,"share":"https://www.laohunote.com/m/news/1161408787?lang=zh_CN&edition=full","pubTime":"2021-07-13 11:36","market":"us","language":"en","title":"Just 5% Of All Bitcoins In Circulation Have Traded In The Past Year<blockquote>过去一年中流通的所有比特币中只有 5% 进行了交易</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1161408787","media":"zerohedge","summary":"In JPMorgan's latest weekly bitcoin hit piece (because for some \"inexplicable\" reason, JPMorgan exec","content":"<p>In JPMorgan's latest weekly bitcoin hit piece (because for some \"inexplicable\" reason, JPMorgan executive have instructed most of the bank's strategists, including those covering equity and rates, to slam the cryptocurrency on a weekly if not daily basis while the bank quietlybuilds out its own proprietary crypto fund, almost as if it is desperate to scare its clients into selling), the bank makes an interesting argument: bitcoin is not liquid enough to be successfully implemented as a legal tender in El Salvador.</p><p><blockquote>在摩根大通最新的每周比特币热门文章中（因为出于某种“无法解释”的原因，摩根大通高管已指示该银行的大多数策略师，包括那些报道股票和利率的策略师，每周（如果不是每天）抨击加密货币，而该银行悄悄地建立了自己的专有加密货币基金，几乎就好像它不顾一切地吓唬客户出售一样），该银行提出了一个有趣的论点：比特币的流动性不足以在萨尔瓦多成功实施为法定货币。</blockquote></p><p> We won't speak to the validity of JPM's argument - we will soon find out first hand whether or not El Salvador made a mistake in adopting bitcoin as legal tender - although it certainly is simple enough: “daily payment activity in El Salvador would represent ~4% of recent on-chain transaction volume and more than 1% of the total value of tokens which have been transferred between wallets in the past year,” the report said, with the illiquidity and nature of the volume “potentially a significant limitation on its potential as a medium of exchange.”</p><p><blockquote>我们不会谈论摩根大通的论点的有效性--我们很快就会第一手发现萨尔瓦多在采用比特币作为法定货币时是否犯了错误--尽管这当然很简单： “报告称：”萨尔瓦多的日常支付活动将占近期链上交易量的约4%，占过去一年钱包之间转移的代币总价值的1%以上，”报告称，交易量的非流动性和性质 “可能会严重限制其作为交换媒介的潜力”。</blockquote></p><p> Perhaps, then again in its brief history bitcoin has certainly demonstrated that it is remarkably scalable and viable even without a central bank propping it up every time there is even a modest risk-flaring hiccup, which is much more than we could ever say about the global stock market or currencies such as Europe's \"whatever it takes\" euro.</p><p><blockquote>或许，在其短暂的历史中，比特币无疑已经证明了它具有非凡的可扩展性和可行性，即使每次出现哪怕是轻微的风险爆发问题时，央行也没有对其进行支撑，这远远超过了我们对全球股市或欧洲“不惜一切代价”欧元等货币的评价。</blockquote></p><p> Of course, JPMorgan - a bank that directly benefited form more than one multibilion bailout - will be the last to admit just how much sustainable the cryptocurrency has become, which is why we will ignore the bank's latest round of propaganda, but will point out an interesting fact unearthed by JPMorgan: it goes straight to the heart of the recurring argument why bitcoin is so volatile.</p><p><blockquote>当然，摩根大通——一家直接受益于超过数十亿美元救助的银行——将是最后一家承认加密货币已经变得多么可持续的银行，这就是为什么我们将忽略该银行最新一轮的宣传，但会指出摩根大通发现的一个有趣的事实：它直奔比特币为何如此不稳定这一反复出现的争论的核心。</blockquote></p><p> The reason, as JPM has discovered, is that bitcoin's float may be as little as 5%, if not less. Discussing the daily trading volumes of bitcoin, JPM notes that a large fraction of Bitcoin are locked up in illiquid entities (liquidity sinks),<b>\"with more than 90% not changing hands in more than a year\" while roughly 80% - and rising - are held by wallets with light turnover.&nbsp; This means that a paltry 5-10% of all bitcoin in circulation has traded in the past year.</b></p><p><blockquote>摩根大通发现，原因是比特币的流通量可能低至5%，如果不是更低的话。在讨论比特币的每日交易量时，摩根大通指出，很大一部分比特币被锁定在非流动性实体（流动性池）中，<b>“超过 90% 的比特币在一年多内没有易手”，而大约 80%（而且还在上升）的钱包持有，流通量很小。这意味着，在过去一年中，所有流通中的比特币中，只有微不足道的 5-10% 进行了交易。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/ce30e31759284bfbf1d8923cb4149bfc\" tg-width=\"725\" tg-height=\"534\"></p><p><blockquote></blockquote></p><p> Another way of putting it:<b>an asset with a $600 billion market cap has a float of just $30 billion.</b>Which is remarkable as it means that<b>no whales</b>sold bitcoin when it hit its all time high of $65,000.<b>And if they didn't sell then, they certainly won't sell now when it's half that price.</b></p><p><blockquote>另一种说法是：<b>市值为 6000 亿美元的资产的流通量仅为 300 亿美元。</b>这很了不起，因为这意味着<b>没有鲸鱼</b>当比特币创下 65,000 美元的历史新高时出售。<b>如果他们当时不卖，现在是那个价格的一半，他们肯定也不会卖。</b></blockquote></p><p> This, more than anything else, explains why bitcoin - an asset whose market cap was more than a $1 trillion as recently as April - is so extremely volatile: with the vast majority of bitcoin locked up or held by whale accounts who rarely if ever trade, the marginal price setter of bitcoin are odd lots - a burst of trading in fractions of a bitcoin, where the momentum in many cases is ignited and magnified by HFTs who then shape the movement of the crypto in hopes of hitting the max pain stop loss positions for other cryptos, and where as a result of such a unique trading environment, the price of bitcoin can swing 10%, 15% , or even 20% or more every day.</p><p><blockquote>这比其他任何事情都更解释了为什么比特币——一种市值在 4 月份超过 1 万亿美元的资产——如此剧烈波动：由于绝大多数比特币被锁定或持有，鲸鱼账户很少交易，比特币的边际价格制定者是奇怪的批次——比特币的几分之一的交易爆发，在许多情况下，这种势头是由 HFT 点燃和放大的，然后 HFT 塑造加密货币的运动，希望达到其他加密货币的最大痛苦止损头寸，由于这种独特的交易环境，比特币的价格每天可以波动 10%、15%，甚至 20% 或更多。</blockquote></p><p> The question we have is during liquidation pukes like the one observed recently, how much of the newly released bitcoin are gobbled up by existing or new whales. Judging by the gray line in the chart above, the answer is a record amount.</p><p><blockquote>我们的问题是，在清算期间，就像最近观察到的那样，有多少新释放的比特币被现有的或新的鲸鱼吞噬了。从上图中的灰线来看，答案是创纪录的数量。</blockquote></p><p> Which means that we are now in the<i>\"weak hands\" shake out and whale accumulation</i>phase. And once the new generation of whales has bought enough, that's when the next squeeze higher will take place, sending the crypto currency and its peers to fresh all time highs. Because if there is one thing that is very easy to do with an asset whose float is as low as bitcoin's, it is to manipulate it as a handful of big players want.</p><p><blockquote>这意味着我们现在在<i>“弱手”甩掉鲸鱼积累</i>阶段。一旦新一代鲸鱼买够了，下一次挤压上涨就会发生，将加密货币及其同行推向历史新高。因为如果说对于流通量像比特币一样低的资产有一件非常容易做到的话，那就是按照少数大玩家的意愿操纵它。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Just 5% Of All Bitcoins In Circulation Have Traded In The Past Year<blockquote>过去一年中流通的所有比特币中只有 5% 进行了交易</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJust 5% Of All Bitcoins In Circulation Have Traded In The Past Year<blockquote>过去一年中流通的所有比特币中只有 5% 进行了交易</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-07-13 11:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p>In JPMorgan's latest weekly bitcoin hit piece (because for some \"inexplicable\" reason, JPMorgan executive have instructed most of the bank's strategists, including those covering equity and rates, to slam the cryptocurrency on a weekly if not daily basis while the bank quietlybuilds out its own proprietary crypto fund, almost as if it is desperate to scare its clients into selling), the bank makes an interesting argument: bitcoin is not liquid enough to be successfully implemented as a legal tender in El Salvador.</p><p><blockquote>在摩根大通最新的每周比特币热门文章中（因为出于某种“无法解释”的原因，摩根大通高管已指示该银行的大多数策略师，包括那些报道股票和利率的策略师，每周（如果不是每天）抨击加密货币，而该银行悄悄地建立了自己的专有加密货币基金，几乎就好像它不顾一切地吓唬客户出售一样），该银行提出了一个有趣的论点：比特币的流动性不足以在萨尔瓦多成功实施为法定货币。</blockquote></p><p> We won't speak to the validity of JPM's argument - we will soon find out first hand whether or not El Salvador made a mistake in adopting bitcoin as legal tender - although it certainly is simple enough: “daily payment activity in El Salvador would represent ~4% of recent on-chain transaction volume and more than 1% of the total value of tokens which have been transferred between wallets in the past year,” the report said, with the illiquidity and nature of the volume “potentially a significant limitation on its potential as a medium of exchange.”</p><p><blockquote>我们不会谈论摩根大通的论点的有效性--我们很快就会第一手发现萨尔瓦多在采用比特币作为法定货币时是否犯了错误--尽管这当然很简单： “报告称：”萨尔瓦多的日常支付活动将占近期链上交易量的约4%，占过去一年钱包之间转移的代币总价值的1%以上，”报告称，交易量的非流动性和性质 “可能会严重限制其作为交换媒介的潜力”。</blockquote></p><p> Perhaps, then again in its brief history bitcoin has certainly demonstrated that it is remarkably scalable and viable even without a central bank propping it up every time there is even a modest risk-flaring hiccup, which is much more than we could ever say about the global stock market or currencies such as Europe's \"whatever it takes\" euro.</p><p><blockquote>或许，在其短暂的历史中，比特币无疑已经证明了它具有非凡的可扩展性和可行性，即使每次出现哪怕是轻微的风险爆发问题时，央行也没有对其进行支撑，这远远超过了我们对全球股市或欧洲“不惜一切代价”欧元等货币的评价。</blockquote></p><p> Of course, JPMorgan - a bank that directly benefited form more than one multibilion bailout - will be the last to admit just how much sustainable the cryptocurrency has become, which is why we will ignore the bank's latest round of propaganda, but will point out an interesting fact unearthed by JPMorgan: it goes straight to the heart of the recurring argument why bitcoin is so volatile.</p><p><blockquote>当然，摩根大通——一家直接受益于超过数十亿美元救助的银行——将是最后一家承认加密货币已经变得多么可持续的银行，这就是为什么我们将忽略该银行最新一轮的宣传，但会指出摩根大通发现的一个有趣的事实：它直奔比特币为何如此不稳定这一反复出现的争论的核心。</blockquote></p><p> The reason, as JPM has discovered, is that bitcoin's float may be as little as 5%, if not less. Discussing the daily trading volumes of bitcoin, JPM notes that a large fraction of Bitcoin are locked up in illiquid entities (liquidity sinks),<b>\"with more than 90% not changing hands in more than a year\" while roughly 80% - and rising - are held by wallets with light turnover.&nbsp; This means that a paltry 5-10% of all bitcoin in circulation has traded in the past year.</b></p><p><blockquote>摩根大通发现，原因是比特币的流通量可能低至5%，如果不是更低的话。在讨论比特币的每日交易量时，摩根大通指出，很大一部分比特币被锁定在非流动性实体（流动性池）中，<b>“超过 90% 的比特币在一年多内没有易手”，而大约 80%（而且还在上升）的钱包持有，流通量很小。这意味着，在过去一年中，所有流通中的比特币中，只有微不足道的 5-10% 进行了交易。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/ce30e31759284bfbf1d8923cb4149bfc\" tg-width=\"725\" tg-height=\"534\"></p><p><blockquote></blockquote></p><p> Another way of putting it:<b>an asset with a $600 billion market cap has a float of just $30 billion.</b>Which is remarkable as it means that<b>no whales</b>sold bitcoin when it hit its all time high of $65,000.<b>And if they didn't sell then, they certainly won't sell now when it's half that price.</b></p><p><blockquote>另一种说法是：<b>市值为 6000 亿美元的资产的流通量仅为 300 亿美元。</b>这很了不起，因为这意味着<b>没有鲸鱼</b>当比特币创下 65,000 美元的历史新高时出售。<b>如果他们当时不卖，现在是那个价格的一半，他们肯定也不会卖。</b></blockquote></p><p> This, more than anything else, explains why bitcoin - an asset whose market cap was more than a $1 trillion as recently as April - is so extremely volatile: with the vast majority of bitcoin locked up or held by whale accounts who rarely if ever trade, the marginal price setter of bitcoin are odd lots - a burst of trading in fractions of a bitcoin, where the momentum in many cases is ignited and magnified by HFTs who then shape the movement of the crypto in hopes of hitting the max pain stop loss positions for other cryptos, and where as a result of such a unique trading environment, the price of bitcoin can swing 10%, 15% , or even 20% or more every day.</p><p><blockquote>这比其他任何事情都更解释了为什么比特币——一种市值在 4 月份超过 1 万亿美元的资产——如此剧烈波动：由于绝大多数比特币被锁定或持有，鲸鱼账户很少交易，比特币的边际价格制定者是奇怪的批次——比特币的几分之一的交易爆发，在许多情况下，这种势头是由 HFT 点燃和放大的，然后 HFT 塑造加密货币的运动，希望达到其他加密货币的最大痛苦止损头寸，由于这种独特的交易环境，比特币的价格每天可以波动 10%、15%，甚至 20% 或更多。</blockquote></p><p> The question we have is during liquidation pukes like the one observed recently, how much of the newly released bitcoin are gobbled up by existing or new whales. Judging by the gray line in the chart above, the answer is a record amount.</p><p><blockquote>我们的问题是，在清算期间，就像最近观察到的那样，有多少新释放的比特币被现有的或新的鲸鱼吞噬了。从上图中的灰线来看，答案是创纪录的数量。</blockquote></p><p> Which means that we are now in the<i>\"weak hands\" shake out and whale accumulation</i>phase. And once the new generation of whales has bought enough, that's when the next squeeze higher will take place, sending the crypto currency and its peers to fresh all time highs. Because if there is one thing that is very easy to do with an asset whose float is as low as bitcoin's, it is to manipulate it as a handful of big players want.</p><p><blockquote>这意味着我们现在在<i>“弱手”甩掉鲸鱼积累</i>阶段。一旦新一代鲸鱼买够了，下一次挤压上涨就会发生，将加密货币及其同行推向历史新高。因为如果说对于流通量像比特币一样低的资产有一件非常容易做到的话，那就是按照少数大玩家的意愿操纵它。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/just-5-all-bitcoins-circulation-have-traded-past-year\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.zerohedge.com/markets/just-5-all-bitcoins-circulation-have-traded-past-year","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161408787","content_text":"In JPMorgan's latest weekly bitcoin hit piece (because for some \"inexplicable\" reason, JPMorgan executive have instructed most of the bank's strategists, including those covering equity and rates, to slam the cryptocurrency on a weekly if not daily basis while the bank quietlybuilds out its own proprietary crypto fund, almost as if it is desperate to scare its clients into selling), the bank makes an interesting argument: bitcoin is not liquid enough to be successfully implemented as a legal tender in El Salvador.\nWe won't speak to the validity of JPM's argument - we will soon find out first hand whether or not El Salvador made a mistake in adopting bitcoin as legal tender - although it certainly is simple enough: “daily payment activity in El Salvador would represent ~4% of recent on-chain transaction volume and more than 1% of the total value of tokens which have been transferred between wallets in the past year,” the report said, with the illiquidity and nature of the volume “potentially a significant limitation on its potential as a medium of exchange.”\nPerhaps, then again in its brief history bitcoin has certainly demonstrated that it is remarkably scalable and viable even without a central bank propping it up every time there is even a modest risk-flaring hiccup, which is much more than we could ever say about the global stock market or currencies such as Europe's \"whatever it takes\" euro.\nOf course, JPMorgan - a bank that directly benefited form more than one multibilion bailout - will be the last to admit just how much sustainable the cryptocurrency has become, which is why we will ignore the bank's latest round of propaganda, but will point out an interesting fact unearthed by JPMorgan: it goes straight to the heart of the recurring argument why bitcoin is so volatile.\nThe reason, as JPM has discovered, is that bitcoin's float may be as little as 5%, if not less. Discussing the daily trading volumes of bitcoin, JPM notes that a large fraction of Bitcoin are locked up in illiquid entities (liquidity sinks),\"with more than 90% not changing hands in more than a year\" while roughly 80% - and rising - are held by wallets with light turnover.  This means that a paltry 5-10% of all bitcoin in circulation has traded in the past year.\n\nAnother way of putting it:an asset with a $600 billion market cap has a float of just $30 billion.Which is remarkable as it means thatno whalessold bitcoin when it hit its all time high of $65,000.And if they didn't sell then, they certainly won't sell now when it's half that price.\nThis, more than anything else, explains why bitcoin - an asset whose market cap was more than a $1 trillion as recently as April - is so extremely volatile: with the vast majority of bitcoin locked up or held by whale accounts who rarely if ever trade, the marginal price setter of bitcoin are odd lots - a burst of trading in fractions of a bitcoin, where the momentum in many cases is ignited and magnified by HFTs who then shape the movement of the crypto in hopes of hitting the max pain stop loss positions for other cryptos, and where as a result of such a unique trading environment, the price of bitcoin can swing 10%, 15% , or even 20% or more every day.\nThe question we have is during liquidation pukes like the one observed recently, how much of the newly released bitcoin are gobbled up by existing or new whales. Judging by the gray line in the chart above, the answer is a record amount.\nWhich means that we are now in the\"weak hands\" shake out and whale accumulationphase. And once the new generation of whales has bought enough, that's when the next squeeze higher will take place, sending the crypto currency and its peers to fresh all time highs. Because if there is one thing that is very easy to do with an asset whose float is as low as bitcoin's, it is to manipulate it as a handful of big players want.","news_type":1,"symbols_score_info":{"COIN":0.9}},"isVote":1,"tweetType":1,"viewCount":1914,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148458546,"gmtCreate":1626009737185,"gmtModify":1631890034773,"author":{"id":"3581814038363779","authorId":"3581814038363779","name":"Matthewlee","avatar":"https://static.tigerbbs.com/1b353e4b25bc0161b43146b622f27f99","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814038363779","idStr":"3581814038363779"},"themes":[],"title":"","htmlText":"Meme stocks, is this the new investment&nbsp;","listText":"Meme stocks, is this the new investment&nbsp;","text":"Meme stocks, is this the new investment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/148458546","repostId":"1112201050","repostType":4,"repost":{"id":"1112201050","kind":"news","pubTimestamp":1625966101,"share":"https://www.laohunote.com/m/news/1112201050?lang=zh_CN&edition=full","pubTime":"2021-07-11 09:15","market":"us","language":"en","title":"The Meme Stock Trade Is Far From Over. What Investors Need to Know.<blockquote>模因股票交易远未结束。投资者需要了解的内容。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1112201050","media":"Barrons","summary":"It seemed to be only a matter of time.\nWhen GameStop (ticker: GME), BlackBerry (BB), and even the de","content":"<p>It seemed to be only a matter of time.</p><p><blockquote>这似乎只是时间问题。</blockquote></p><p> When GameStop (ticker: GME), BlackBerry (BB), and even the desiccated carcass of Blockbuster suddenly sprang to life in January, the clock was already ticking for when they would crash again. Would it be hours, days, or weeks?</p><p><blockquote>当游戏驿站（股票代码：GME）、黑莓（BB），甚至百视达的干涸尸体在一月份突然复活时，它们何时会再次坠毁的时间已经在流逝。会是几个小时、几天还是几周？</blockquote></p><p> It has now been half a year, and the core “meme stocks” are still trading at levels considered outrageous by people who have studied them for years. New names like&nbsp;Clover Health Investments(CLOV) and&nbsp;Newegg Commerce(NEGG) have recently popped up on message boards, and their stocks have popped, too.</p><p><blockquote>现在已经过去半年了，核心 “备忘录股票 ”的交易价格仍然处于研究这些股票多年的人认为离谱的水平。Clover Health Investments (CLOV) 和 Newegg Commerce (NEGG) 等新名称最近出现在留言板上，它们的股票也随之上涨。</blockquote></p><p> The collective efforts of millions of retail traders—long derided as “the dumb money”—have successfully held stocks aloft and forced naysayers to capitulate.</p><p><blockquote>数百万散户交易员--长期以来被嘲笑为 “哑巴钱 ”--的集体努力成功地让股市飙升，并迫使反对者投降。</blockquote></p><p> That is true even as the companies they are betting on have shown scant signs of transforming their businesses, or turning profits that might justify their valuations. BlackBerry burned cash in its latest quarter and warned that its key cybersecurity division would hit the low end of its revenue guidance; the stock dipped on the news but has still more than doubled in the past year.</p><p><blockquote>尽管他们押注的公司几乎没有表现出业务转型的迹象，也没有表现出足以证明其估值的利润，但情况确实如此。黑莓在最近一个季度烧钱，并警告称其关键的网络安全部门将达到收入指导的低端；消息传出后，该股下跌，但在过去一年中仍上涨了一倍多。</blockquote></p><p> While trading volume at the big brokers has come down slightly from its February peak, it remains two to three times as high as it was before the pandemic. And a startling amount of that activity is occurring in stocks favored by retail traders. The average daily value of shares traded in&nbsp;AMC Entertainment Holdings(AMC), for example, reached $13.1 billion in June, more than&nbsp;Apple’s(AAPL) $9.5 billion and Amazon.com’s (AMZN) $10.3 billion.</p><p><blockquote>虽然大型经纪商的交易量较 2 月份的峰值略有下降，但仍高于疫情爆发前的两到三倍。数量惊人的这种活动发生在散户交易者青睐的股票中。例如，AMC院线控股公司（AMC）6 月份的日均交易额达到 131 亿美元，超过了苹果（AAPL）的 95 亿美元和亚马逊（AMZN）的 103 亿美元。</blockquote></p><p> Even as the coronavirus fades in the U.S., most new traders say they are committed to the hobby they learned during lockdown—58% of day traders in a Betterment survey said they are planning to trade even more in the future, and only 12% plan to trade less. Amateur pandemic bakers have stopped kneading sourdough loaves; traders are only getting hungrier.</p><p><blockquote>即使冠状病毒在美国消退，大多数新交易者表示，他们仍然致力于他们在封锁期间学到的爱好——在一项Betterment调查中，58%的日内交易者表示，他们计划在未来进行更多的交易，只有12%的人计划减少交易。业余疫情面包师已经停止揉捏酸面团面包；交易者只会变得越来越饥饿。</blockquote></p><p> A sustained bear market would spoil such an appetite, as it did when the dot-com bubble burst. For now, dips are reasons to hold or buy.</p><p><blockquote>持续的熊市会破坏这种食欲，就像互联网泡沫破裂时一样。目前，下跌是持有或买入的理由。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/25a79e71371c165f9a3a5085931fc487\" tg-width=\"979\" tg-height=\"649\"></p><p><blockquote></blockquote></p><p> “I’ve seen that the ‘buy the dip’ sentiment hasn’t relented for a moment,” wrote Brandon Luczek, an electronics technician for the U.S. Navy who trades with friends online, in an email to&nbsp;Barron’s.</p><p><blockquote>“美国海军电子技术员布兰登-卢切克（Brandon Luczek）在给《巴伦周刊》的一封电子邮件中写道：”我看到'逢低买入'的情绪一刻也没有减弱。</blockquote></p><p> The meme stock surge has been propelled by a rise in trading by retail investors. In 2020, online brokers signed clients at a record pace, with more than 10 million people opening new accounts. That record will almost certainly be broken in 2021. Brokers had already added more than 10 million accounts less than halfway into the year, some of the top firms have disclosed.</p><p><blockquote>迷因股票飙升是由散户投资者交易的增加推动的。2020年，在线经纪商以创纪录的速度签约客户，超过1000万人开设了新账户。这一记录几乎肯定会在2021年被打破。一些顶级公司透露，在今年不到一半的时间里，经纪商已经增加了超过 1000 万个账户。</blockquote></p><p> Meme stocks are both the cart and the horse of this phenomenon. Their sudden price spikes are driven by new investors, and then that action drives even more new people to invest. Millions of people downloaded investing apps in late January and early February just to be a part of the fun. A recent&nbsp;Charles Schwab(SCHW) survey found that 15% of all current traders began investing after 2020.</p><p><blockquote>模因股票既是这种现象的推车，也是马。他们的价格突然飙升是由新投资者推动的，然后这一行动推动更多的新人投资。数百万人在 1 月底和 2 月初下载了投资应用程序，只是为了享受乐趣。嘉信理财（SCHW）最近的一项调查发现，15%的现有交易者在2020年后开始投资。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/167386c6881a258922ad62caaf7a05f4\" tg-width=\"971\" tg-height=\"644\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8e29e3041b91070252ab9063d1a11fa2\" tg-width=\"975\" tg-height=\"642\"><img src=\"https://static.tigerbbs.com/f9cc1c0bd6368721c0eca87e25719f16\" tg-width=\"964\" tg-height=\"641\"></p><p><blockquote></blockquote></p><p> The most prominent player in the surge is Robinhood, which said it had added 5.5 million funded accounts in the first quarter alone. But it isn’t alone. Fidelity, for instance, announced that it had attracted 1.6 million new customers under the age of 35 in the first quarter, 223% more than a year before.</p><p><blockquote>激增中最突出的参与者是 Robinhood，该公司表示仅在第一季度就增加了 550 万个资金账户。但它并不孤单。例如，富达宣布，第一季度吸引了 160 万 35 岁以下的新客户，比去年同期增长了 223%。</blockquote></p><p> Under pressure from Robinhood’s zero-commission model, all of the major brokers cut commissions to zero in 2019. That opened the floodgates to a new group of customers—one that may not have as much spare cash to trade but is more active and diverse than its predecessors. And the brokers are cashing in. Fidelity is hoping to attract investors before they even have driver’s licenses, allowing children as young as 13 to open trading accounts. Robinhood is riding the momentum to an initial public offering that analysts expect to value it at more than 10 times its revenue.</p><p><blockquote>在 Robinhood 零佣金模式的压力下，所有主要经纪商都在 2019 年将佣金降至零。这为新客户群体打开了闸门——他们可能没有那么多闲置现金进行交易，但比前辈更加活跃和多样化。经纪人正在套现。富达希望在投资者获得驾照之前就吸引他们，允许年仅 13 岁的儿童开设交易账户。Robinhood 正在乘势而上进行首次公开募股，分析师预计其估值将超过其收入的 10 倍。</blockquote></p><p> These new customers act differently than their older peers. For years, there was a “big gravitation toward ETFs,” says Chris Larkin, head of trading at E*Trade, which is now owned by Morgan Stanley (MS). But picking single stocks is clearly “the big story of 2021.”</p><p><blockquote>这些新客户的行为与他们的老同行不同。E*Trade 交易主管克里斯-拉金（Chris Larkin）说，多年来，“ETF 一直备受青睐”，E*Trade 现归摩根士丹利（MS）所有。但挑选个股显然是 “2021 年的大新闻”。</blockquote></p><p> To be sure, equity exchange-traded funds are still doing well, as investors around the world bet on the pandemic recovery and avoid weak bond yields.</p><p><blockquote>可以肯定的是，随着世界各地的投资者押注疫情复苏并避免疲软的债券收益率，股票交易所交易基金仍然表现良好。</blockquote></p><p></p><p> But ETFs don’t light up the message boards like stocks do. Not that it has been a one-way ride for the top names. GameStop did dip in February, and Wall Street enjoyed a moment of schadenfreude. It didn’t last.</p><p><blockquote>但 ETF 不像股票那样点亮留言板。这并不是说顶级公司的单行道。游戏驿站二月份确实下跌，华尔街享受了幸灾乐祸的时刻。它并没有持续多久。</blockquote></p><p> “Like cicadas, meme traders returned in a wild blaze of activity after being seemingly underground for several months,” wrote Steve Sosnick, chief strategist at Interactive Brokers. Sosnick believes that the meme stocks tend to trade inversely to cryptocurrencies, because their fans rotate from one to the other as the momentum shifts.</p><p><blockquote>“盈透证券（Interactive Brokers）首席策略师史蒂夫-索斯尼克（Steve Sosnick）写道：”就像蝉一样，备忘录交易者在表面上隐匿了几个月后又重新活跃起来。索斯尼克认为，模因股票的交易往往与加密货币相反，因为随着势头的变化，它们的粉丝会从一种货币转向另一种货币。</blockquote></p><p> “I don’t think it’s strictly a coincidence that meme stocks roared back to life after a significant correction in Bitcoin and other cryptocurrencies,” he wrote.</p><p><blockquote>“他写道：”我不认为，在比特币和其他加密货币大幅回调后，备忘录股票卷土重来完全是巧合。</blockquote></p><p> Sosnick considers meme stocks a “sector unto themselves,” one that he segregates on his computer monitor away from other stock tickers.</p><p><blockquote>索斯尼克认为备忘录股票是一个 “独立的板块”，他在电脑显示器上将其与其他股票代码分开。</blockquote></p><p> Indeed, Wall Street’s reaction to the meme stock revolution has been to isolate the parts of the market that the pros deem irrational. Most short sellers won’t touch the stocks, and analysts are dropping coverage.</p><p><blockquote>事实上，华尔街对备忘录股票革命的反应一直是孤立专业人士认为不理性的市场部分。大多数卖空者不会碰这些股票，分析师也在放弃报道。</blockquote></p><p> But Wall Street can’t swat the retail army away like cicadas, or count on them disappearing for the next 17 years. Stock trading has permanently shifted. This year, retail activity accounts for 24% of equity volume, up from 15% in 2019. Adherents to the new creed are not passive observers willing to let Wall Street manage the markets.</p><p><blockquote>但华尔街不能像蝉一样把零售大军赶走，也不能指望它们在未来 17 年内消失。股票交易已经发生了永久性的变化。今年，零售活动占股本量的 24%，高于 2019 年的 15%。新信条的追随者不是愿意让华尔街管理市场的被动观察者。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/710e642d3b685b74f8c9dcaf46ef3e0b\" tg-width=\"968\" tg-height=\"643\"></p><p><blockquote></blockquote></p><p> “What this really reflects is a reversal of the trends that we saw toward less and less engagement with individual companies,” says Joshua Mitts, a professor at Columbia Law School specializing in securities markets. “Technology is bringing the average investor closer to the companies in which he or she invests, and that’s just taking on new and unpredictable forms.”</p><p><blockquote>“哥伦比亚法学院（Columbia Law School）专门研究证券市场的教授约书亚-米茨（Joshua Mitts）说：”这实际上反映了我们所看到的趋势的逆转，即与个别公司的接触越来越少。“技术正在拉近普通投资者与他或她所投资的公司的距离，而这只是以新的、不可预测的形式出现。”</blockquote></p><p> The swings you get can definitely make you feel some sort of way.</p><p><blockquote>你得到的秋千肯定会让你有某种感觉。</blockquote></p><p> — Matt Kohrs, 26, who streams stock analysis daily on YouTube</p><p><blockquote>— Matt Kohrs，26 岁，每天在 YouTube 上直播股票分析</blockquote></p><p> It is now changing the lives of those who got in early and are still riding the names higher.</p><p><blockquote>它现在正在改变那些早早加入的人的生活，并且仍然在更高的名字上。</blockquote></p><p> Take Matt Kohrs, who had invested in AMC Entertainment early. He quit his job as a programmer in New York in February, moved to Philadelphia, and started streaming&nbsp;stock analysis on YouTube&nbsp;for seven hours a day.</p><p><blockquote>以马特·科尔斯为例，他很早就投资了AMC院线。今年2月，他辞去了纽约程序员的工作，搬到了费城，并开始在YouTube上每天7个小时直播股票分析。</blockquote></p><p> With 350,000 YouTube followers, it’s paying the bills. With his earnings from ads and from the stock, Kohrs says he can pull down roughly the same salary he made before. But he also knows that relying on earnings from stocks like this is nothing like a 9-to-5 job.</p><p><blockquote>YouTube 拥有 35 万粉丝，它正在支付账单。科尔斯说，凭借广告和股票的收入，他可以拿到与以前大致相同的工资。但他也知道，像这样依赖股票收益与朝九晚五的工作完全不同。</blockquote></p><p> “The swings you get can definitely make you feel some sort of way,” he says.</p><p><blockquote>“他说：”你得到的秋千肯定会让你有某种感觉。</blockquote></p><p> Companies are starting to react more aggressively, too. They are either embracing their new owners or paying meme-ologists to understand the emoji-filled language of the new Wall Street so they can ward them off or appease them.</p><p><blockquote>公司也开始做出更积极的反应。他们要么拥抱他们的新主人，要么付钱给迷因学家来理解新华尔街充满表情符号的语言，这样他们就可以阻止他们或安抚他们。</blockquote></p><p> AMC even canceled a proposed equity raise this past week because the company apparently didn’t like the vibes it was getting from the Reddit crowd. AMC has already quintupled its share count over the past year. CEO Adam Aron tweeted that he had seen “many yes, many no” reactions to his proposal to issue 25 million more shares, so it will be canceled instead of being presented for a vote at AMC’s annual meeting later this month. The company did not respond to a question on how it had polled shareholders.</p><p><blockquote>AMC 甚至在上周取消了一项拟议的股权融资，因为该公司显然不喜欢 Reddit 人群的反响。过去一年，AMC 的股票数量已经增加了五倍。首席执行官亚当-阿伦（Adam Aron）在推特上表示，他看到了 “许多人赞成，许多人反对 ”对他增发 2500 万股股票的提议的反应，因此该提议将被取消，而不是在本月晚些时候的 AMC 年会上进行表决。该公司没有回答有关如何调查股东的问题。</blockquote></p><p> Forget the boardroom. Corporate policy is now being determined in the chat room.</p><p><blockquote>忘了会议室吧。公司政策现在正在聊天室里决定。</blockquote></p><p> Big investors are spending more time tracking social-media discussions about stocks. Bank of America found in a survey this year that about 25% of institutions had already been tracking social-media sentiment, but that about 40% are interested in using it going forward.</p><p><blockquote>大投资者正在花费更多时间跟踪社交媒体上有关股票的讨论。美国银行在今年的一项调查中发现，大约25%的机构已经在跟踪社交媒体情绪，但大约40%的机构有兴趣在未来使用它。</blockquote></p><p> In the past few months, Bank of America, Morgan Stanley, and J.P. Morgan have all produced reports on how to trade around the retail action, coming to somewhat different conclusions.</p><p><blockquote>在过去的几个月里，美国银行、摩根士丹利和摩根大通都发布了关于如何围绕零售行动进行交易的报告，得出了有些不同的结论。</blockquote></p><p> There can be “alpha in the signal,” as Morgan Stanley put it, but it can take some intense number-crunching to get there. Not all message-board chatter leads to sustained price gains, of course, and retail order flow cannot easily be separated from institutional flow without substantial data analysis. For investors with the tools to pinpoint which stocks retail investors are buying and which they are selling, J.P. Morgan suggests going long on the 20% of stocks with the most buying interest and short on the top 20% in selling interest.</p><p><blockquote>正如摩根士丹利所说，信号中可能存在 “阿尔法”，但要实现这一目标可能需要一些紧张的数字运算。当然，并不是所有的留言板聊天都会导致价格持续上涨，如果没有大量的数据分析，零售订单流很难与机构流分开。对于拥有工具来确定散户投资者正在购买哪些股票和正在出售哪些股票的投资者来说，摩根大通建议做多买入兴趣最高的 20% 的股票，做空卖出兴趣最高的 20% 的股票。</blockquote></p><p> For now, many of the institutions buying data on social-media sentiment appear to be trying to reduce their risks, as opposed to scouting new opportunities, according to Boris Spiwak of alternative data firm Thinknum, which offers products that track social-media sentiment. “They see it as almost like an insurance policy, to limit their downside risks,” he says.</p><p><blockquote>提供跟踪社交媒体情绪产品的另类数据公司Thinknum的鲍里斯·斯皮瓦克(Boris Spiwak)表示，目前，许多购买社交媒体情绪数据的机构似乎都在试图降低风险，而不是寻找新的机会。“他说：”他们认为这几乎就像一份保险，以限制他们的下行风险。</blockquote></p><p></p><p> For retail traders, the method isn’t always scientific. The action is sustained by a community ethos. And the force behind it is as much emotional and moral as financial.</p><p><blockquote>对于零售商来说，这种方法并不总是科学的。这一行动是由社区精神支撑的。其背后的力量既是情感上的，也是道德上的，也是经济上的。</blockquote></p><p> New investors say they are motivated by a desire to prove themselves and punish the old guard as much as by profits. They learn from one another about the market, sometimes amplifying or debunking conspiracy theories about Wall Street. Some link the meme-stock movement to continued mistrust of big financial institutions stemming from the 2008 financial crisis.</p><p><blockquote>新投资者表示，他们的动机是希望证明自己，并像利润一样惩罚保守派。他们互相学习市场，有时会放大或揭穿关于华尔街的阴谋论。一些人将模因股票运动与2008年金融危机引发的对大型金融机构的持续不信任联系起来。</blockquote></p><p> “Wall Street brought our economy to its knees, and no one ever got in trouble for it,” says the 26-year-old Kohrs. “So, I think they view this as not only can we make money, but we can also make these hedge funds on Wall Street pay.”</p><p><blockquote>“26 岁的科尔斯说：”华尔街让我们的经济陷入困境，但没有人因此惹上麻烦。“所以，我认为他们认为我们不仅可以赚钱，还可以让华尔街的这些对冲基金付钱。”</blockquote></p><p> Claire Hirschberg is a 28-year-old union organizer who bought about $50 worth of GameStop stock on Robinhood in January after hearing about it from friends. She liked the idea, but what really got her excited about it was the reaction of her father, a longtime money manager. “He was so mad I had bought GameStop and was refusing to sell,” she says, laughing. “And that just makes me want to hold it forever.”</p><p><blockquote>克莱尔·赫希伯格 (Claire Hirschberg) 是一名 28 岁的工会组织者，她在 1 月份从朋友那里听说 Robinhood 上购买了价值约 50 美元的游戏驿站股票。她喜欢这个想法，但真正让她兴奋的是她父亲的反应，他是一名长期的资金经理。“她笑着说：”他很生气我买了游戏驿站，还不肯卖。“这让我想永远拿着它。”</blockquote></p><p> Just like old Wall Street has rituals and codes, the new one does, too. A new investment banking employee learns quickly that you don’t wear a Ferragamo tie until after you make associate. You never leave the office until the managing director does, and you don’t complain about the hours. And the bad guys are the regulators and Sen. Elizabeth Warren, and not in that order.</p><p><blockquote>就像老华尔街有仪式和准则一样，新华尔街也有。一位新的投资银行员工很快就会知道，在你成为合伙人之前，你不会打菲拉格慕领带。在总经理离开之前，你从不离开办公室，你也不会抱怨工作时间。坏人是监管者和参议员伊丽莎白·沃伦，而且不是按顺序。</blockquote></p><p> The new trading desk—the apps that millions of retail traders now use and the message boards where they congregate—have unspoken rules, too. Publicly acknowledging financial losses is a valiant act, evidence of internal fortitude and belief in the group. You don’t take yourself seriously and you don’t police language. You are part of an army of “apes” or “retards.” You hold through the crashes, even if it means you might lose everything. And the bad guys are the short sellers, the market makers, and the Wall Street elites, in that order.</p><p><blockquote>新的交易台——数百万散户交易者现在使用的应用程序和他们聚集的留言板——也有潜规则。公开承认财务损失是一种勇敢的行为，是内部坚韧和对本集团信念的证明。你不把自己当回事，也不规范语言。你是 “猿类 ”或 “弱智 ”大军的一员。你坚持住，即使这意味着你可能会失去一切。坏人依次是卖空者、做市商和华尔街精英。</blockquote></p><p> The group action is not just for moral support. The trading strategy depends on people keeping up the buying pressure to force a short squeeze or to buy bullish options that trigger what’s known as a gamma squeeze.</p><p><blockquote>集体行动不仅仅是为了精神支持。交易策略取决于人们保持买入压力，迫使做空，或买入看涨期权，从而引发所谓的伽马挤压。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/75d79c78a14cc8f297e17397cc54bdb5\" tg-width=\"1260\" tg-height=\"840\"><span>Keith Gill became the face of the Reddit army of retail traders pushing shares of GameStop higher when he appeared virtually before a House Financial Services Committee hearing in February.</span></p><p><blockquote><p class=\"t-img-caption\"><span>基思·吉尔 (Keith Gill) 在二月份众议院金融服务委员会听证会上虚拟露面，成为 Reddit 散户交易员大军推高游戏驿站股价的代言人。</span></p></blockquote></p><p> Many short sellers say they won’t touch these stocks anymore. But clearly, others aren’t taking that advice and are giving the meme movement oxygen by repeatedly betting against the stocks. AMC’s short interest was at 17% of the stock’s float in mid-June, down from 28% in January, but not by much.</p><p><blockquote>许多卖空者表示，他们不会再碰这些股票了。但显然，其他人并没有采纳这一建议，而是通过反复做空股票来给备忘录运动注入氧气。6 月中旬，AMC 的空头权益占该股流通量的 17%，低于 1 月份的 28%，但降幅不大。</blockquote></p><p> As the price rises, the shorts can’t help themselves. They start “drooling, with flames coming out of their ears,” says Michael Pachter, a Wedbush Securities analyst who has covered GameStop for years. “What’s kind of shocked me is the definition of insanity, which is doing the same thing over and over and over again and hoping for a different outcome each time, and the shorts keep coming back,” he says. “And [GameStop bull] Keith Gill and his Reddit raiders keep squeezing them, and it keeps working.”</p><p><blockquote>随着价格上涨，空头们也控制不住自己。多年来一直关注游戏驿站的韦德布什证券分析师迈克尔-帕切特（Michael Pachter）说，他们开始 “流口水，耳朵里冒出火焰”。“他说：”让我感到震惊的是精神错乱的定义，就是一遍又一遍地做同样的事情，每次都希望有不同的结果，而空头却不断出现。“[游戏驿站公牛]基思-吉尔（Keith Gill）和他的 Reddit raiders 一直在挤压他们，而且一直在起作用。”</blockquote></p><p> To beat the short sellers, the Reddit crowd needs to hold together, but the community has been showing cracks at times. The two meme stocks with the most determined fan bases—GameStop and AMC—still have enormous armies of core believers who do not seem easily swayed. But other names seem to have more-fickle backers. Several stocks caught up in the meme madness have come crashing down to earth.Bed Bath &amp; Beyond(BBBY) spiked twice—in late January and early June—but now trades only slightly above its mid-January levels. People who bought during the upswings have lost money.</p><p><blockquote>为了击败卖空者，Reddit 人群需要团结起来，但该社区有时会出现裂缝。拥有最坚定粉丝群的两只模因股票——游戏驿站和 AMC——仍然拥有庞大的核心信徒大军，他们似乎不容易动摇。但其他名字似乎有更善变的支持者。几只陷入迷因疯狂的股票已经崩溃。 Bed Bath &amp; Beyond (BBBY) 在 1 月底和 6 月初两次飙升，但现在的交易价格仅略高于 1 月中旬的水平。在上涨期间买入的人已经赔钱了。</blockquote></p><p> Distrust has spread, and some traders worry that wallstreetbets— the original Reddit message board that inspired the GameStop frenzy—has grown so fast that it has lost its original spirit, and potentially grown vulnerable to manipulation. Some have moved to other message boards, like r/superstonk, in hopes of reclaiming the old community’s flavor.</p><p><blockquote>不信任已经蔓延，一些交易员担心 wallstreetbets——激发游戏驿站狂热的最初 Reddit 留言板——发展如此之快，以至于它已经失去了最初的精神，并可能变得容易受到操纵。有些人搬到了其他留言板，如 r/superstonk，希望能重现老社区的风味。</blockquote></p><p> Travis Rehl, the founder of social-media tracking company Hype Equity, says that he tries to separate possible manipulators from more organic investor sentiment. Hype Equity is usually hired by public-relations firms representing companies that are being talked about online, he says. Now, he sees a growing trend of stocks that suddenly come up on message boards, receive positive chatter, and then disappear.</p><p><blockquote>社交媒体跟踪公司 Hype Equity 的创始人特拉维斯·雷尔 (Travis Rehl) 表示，他试图将可能的操纵者与更有机的投资者情绪区分开来。他说，炒作股权通常由代表网上谈论的公司的公关公司雇佣。现在，他看到了一种不断增长的趋势，即股票突然出现在留言板上，收到积极的聊天，然后消失。</blockquote></p><p></p><p> “It’s called into question what is a true discussion versus what is something that somebody just wants to pump,” he says. The moderators of wallstreetbets forbid market manipulation on the platform, and Rehl say they appear to work hard to police misinformation. The moderators did not respond to a request from&nbsp;Barron’s&nbsp;for comment.</p><p><blockquote>“他说：”这让人怀疑什么是真正的讨论，什么是某人只想炒作的东西。wallstreetbets 的版主禁止在该平台上操纵市场，Rehl 表示，他们似乎正在努力遏制错误信息。主持人没有回应《巴伦周刊》的置评请求。</blockquote></p><p> “If you can create enough buzz to get a stock that goes up 10%, 20%, even 50% in a short period of time, there’s a tremendous incentive to do that,” Sosnick says.</p><p><blockquote>“索斯尼克说：”如果你能制造足够的轰动效应，让一只股票在短时间内上涨 10%、20%，甚至 50%，那么你就有巨大的动力去做这件事。</blockquote></p><p> The Securities and Exchange Commission is watching for funny business on the message boards. SEC Chairman Gary Gensler and some members of Congress have discussed changing market rules with the intention of adding transparency protecting retail traders—although changes could also anger the retail crowd if they slow down trading or make it more expensive.</p><p><blockquote>美国证券交易委员会正在关注留言板上的有趣交易。美国证券交易委员会主席加里·詹斯勒（Gary Gensler）和一些国会议员讨论了改变市场规则，目的是增加保护散户交易者的透明度——尽管如果这些变化减缓交易速度或使交易成本更高，也可能激怒零售人群。</blockquote></p><p> Regulations aren’t the only thing that could deflate this trend. Dan Egan, vice president of behavioral finance and investing at fintech Betterment, thinks the momentum may run out of steam in September. Even “apes” have responsibilities. “Kids start going back to schools; parents are free to go to work again,” he says. “That’s the next time there’s going to be some oxygen pulled out of the room.”</p><p><blockquote>监管并不是唯一能遏制这一趋势的因素。fintech Betterment 行为金融和投资副总裁丹·伊根 (Dan Egan) 认为，这种势头可能会在 9 月份耗尽。即使是 “猿猴 ”也有责任。“他说：”孩子们开始重返校园；家长们也可以自由地再次上班了。“那是下一次从房间里抽出氧气的时候了。”</blockquote></p><p> Traditional investors may be tempted to write off the entire phenomenon as temporary madness inspired by lockdowns and free government money. But that would be a mistake. If zero-commission brokerages and fun with GameStop broke down barriers for millions of new investors to open accounts, it’s almost certainly a good thing, as long as most people bet with money they don’t need immediately. Many new retail traders say they are teaching themselves how to trade, and have begun to diversify their holdings.</p><p><blockquote>传统投资者可能会倾向于将整个现象视为由封锁和免费政府资金引发的暂时疯狂。但那将是一个错误。如果零佣金经纪和游戏驿站乐趣打破了数百万新投资者开户的障碍，那么只要大多数人用他们并不立即需要的钱下注，这几乎肯定是一件好事。许多新零售商表示，他们正在自学如何交易，并开始分散持股。</blockquote></p><p> In one form or another, this is the future client base of Wall Street.</p><p><blockquote>无论如何，这是华尔街未来的客户群。</blockquote></p><p> Arizona State University professor Hendrik Bessembinder published groundbreaking&nbsp;research&nbsp;in 2018 that found that “a randomly selected stock in a randomly selected month is more likely to lose money than make money.” In short, picking single stocks and holding a concentrated portfolio tends to be a losing strategy.</p><p><blockquote>亚利桑那州立大学教授亨德里克-贝森宾德（Hendrik Bessembinder）在2018年发表了一项开创性的研究，发现“在随机选择的月份随机选择的股票，亏损的可能性大于赚钱的可能性”。简而言之，挑选单只股票并持有集中投资组合往往是一种失败的策略。</blockquote></p><p> Even so, he’s encouraged by the new wave of trading. “I welcome the increase in retail trading, the idea of the stock market being a place with wide participation,” Bessembinder says. “Economists can’t tell people they shouldn’t get some fun.”</p><p><blockquote>即便如此，他还是对新一波交易感到鼓舞。“贝森宾德说：”我欢迎零售交易的增加，欢迎股票市场成为一个广泛参与的地方。“经济学家不能告诉人们他们不应该找点乐子”。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Meme Stock Trade Is Far From Over. What Investors Need to Know.<blockquote>模因股票交易远未结束。投资者需要了解的内容。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Meme Stock Trade Is Far From Over. What Investors Need to Know.<blockquote>模因股票交易远未结束。投资者需要了解的内容。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-07-11 09:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It seemed to be only a matter of time.</p><p><blockquote>这似乎只是时间问题。</blockquote></p><p> When GameStop (ticker: GME), BlackBerry (BB), and even the desiccated carcass of Blockbuster suddenly sprang to life in January, the clock was already ticking for when they would crash again. Would it be hours, days, or weeks?</p><p><blockquote>当游戏驿站（股票代码：GME）、黑莓（BB），甚至百视达的干涸尸体在一月份突然复活时，它们何时会再次坠毁的时间已经在流逝。会是几个小时、几天还是几周？</blockquote></p><p> It has now been half a year, and the core “meme stocks” are still trading at levels considered outrageous by people who have studied them for years. New names like&nbsp;Clover Health Investments(CLOV) and&nbsp;Newegg Commerce(NEGG) have recently popped up on message boards, and their stocks have popped, too.</p><p><blockquote>现在已经过去半年了，核心 “备忘录股票 ”的交易价格仍然处于研究这些股票多年的人认为离谱的水平。Clover Health Investments (CLOV) 和 Newegg Commerce (NEGG) 等新名称最近出现在留言板上，它们的股票也随之上涨。</blockquote></p><p> The collective efforts of millions of retail traders—long derided as “the dumb money”—have successfully held stocks aloft and forced naysayers to capitulate.</p><p><blockquote>数百万散户交易员--长期以来被嘲笑为 “哑巴钱 ”--的集体努力成功地让股市飙升，并迫使反对者投降。</blockquote></p><p> That is true even as the companies they are betting on have shown scant signs of transforming their businesses, or turning profits that might justify their valuations. BlackBerry burned cash in its latest quarter and warned that its key cybersecurity division would hit the low end of its revenue guidance; the stock dipped on the news but has still more than doubled in the past year.</p><p><blockquote>尽管他们押注的公司几乎没有表现出业务转型的迹象，也没有表现出足以证明其估值的利润，但情况确实如此。黑莓在最近一个季度烧钱，并警告称其关键的网络安全部门将达到收入指导的低端；消息传出后，该股下跌，但在过去一年中仍上涨了一倍多。</blockquote></p><p> While trading volume at the big brokers has come down slightly from its February peak, it remains two to three times as high as it was before the pandemic. And a startling amount of that activity is occurring in stocks favored by retail traders. The average daily value of shares traded in&nbsp;AMC Entertainment Holdings(AMC), for example, reached $13.1 billion in June, more than&nbsp;Apple’s(AAPL) $9.5 billion and Amazon.com’s (AMZN) $10.3 billion.</p><p><blockquote>虽然大型经纪商的交易量较 2 月份的峰值略有下降，但仍高于疫情爆发前的两到三倍。数量惊人的这种活动发生在散户交易者青睐的股票中。例如，AMC院线控股公司（AMC）6 月份的日均交易额达到 131 亿美元，超过了苹果（AAPL）的 95 亿美元和亚马逊（AMZN）的 103 亿美元。</blockquote></p><p> Even as the coronavirus fades in the U.S., most new traders say they are committed to the hobby they learned during lockdown—58% of day traders in a Betterment survey said they are planning to trade even more in the future, and only 12% plan to trade less. Amateur pandemic bakers have stopped kneading sourdough loaves; traders are only getting hungrier.</p><p><blockquote>即使冠状病毒在美国消退，大多数新交易者表示，他们仍然致力于他们在封锁期间学到的爱好——在一项Betterment调查中，58%的日内交易者表示，他们计划在未来进行更多的交易，只有12%的人计划减少交易。业余疫情面包师已经停止揉捏酸面团面包；交易者只会变得越来越饥饿。</blockquote></p><p> A sustained bear market would spoil such an appetite, as it did when the dot-com bubble burst. For now, dips are reasons to hold or buy.</p><p><blockquote>持续的熊市会破坏这种食欲，就像互联网泡沫破裂时一样。目前，下跌是持有或买入的理由。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/25a79e71371c165f9a3a5085931fc487\" tg-width=\"979\" tg-height=\"649\"></p><p><blockquote></blockquote></p><p> “I’ve seen that the ‘buy the dip’ sentiment hasn’t relented for a moment,” wrote Brandon Luczek, an electronics technician for the U.S. Navy who trades with friends online, in an email to&nbsp;Barron’s.</p><p><blockquote>“美国海军电子技术员布兰登-卢切克（Brandon Luczek）在给《巴伦周刊》的一封电子邮件中写道：”我看到'逢低买入'的情绪一刻也没有减弱。</blockquote></p><p> The meme stock surge has been propelled by a rise in trading by retail investors. In 2020, online brokers signed clients at a record pace, with more than 10 million people opening new accounts. That record will almost certainly be broken in 2021. Brokers had already added more than 10 million accounts less than halfway into the year, some of the top firms have disclosed.</p><p><blockquote>迷因股票飙升是由散户投资者交易的增加推动的。2020年，在线经纪商以创纪录的速度签约客户，超过1000万人开设了新账户。这一记录几乎肯定会在2021年被打破。一些顶级公司透露，在今年不到一半的时间里，经纪商已经增加了超过 1000 万个账户。</blockquote></p><p> Meme stocks are both the cart and the horse of this phenomenon. Their sudden price spikes are driven by new investors, and then that action drives even more new people to invest. Millions of people downloaded investing apps in late January and early February just to be a part of the fun. A recent&nbsp;Charles Schwab(SCHW) survey found that 15% of all current traders began investing after 2020.</p><p><blockquote>模因股票既是这种现象的推车，也是马。他们的价格突然飙升是由新投资者推动的，然后这一行动推动更多的新人投资。数百万人在 1 月底和 2 月初下载了投资应用程序，只是为了享受乐趣。嘉信理财（SCHW）最近的一项调查发现，15%的现有交易者在2020年后开始投资。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/167386c6881a258922ad62caaf7a05f4\" tg-width=\"971\" tg-height=\"644\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8e29e3041b91070252ab9063d1a11fa2\" tg-width=\"975\" tg-height=\"642\"><img src=\"https://static.tigerbbs.com/f9cc1c0bd6368721c0eca87e25719f16\" tg-width=\"964\" tg-height=\"641\"></p><p><blockquote></blockquote></p><p> The most prominent player in the surge is Robinhood, which said it had added 5.5 million funded accounts in the first quarter alone. But it isn’t alone. Fidelity, for instance, announced that it had attracted 1.6 million new customers under the age of 35 in the first quarter, 223% more than a year before.</p><p><blockquote>激增中最突出的参与者是 Robinhood，该公司表示仅在第一季度就增加了 550 万个资金账户。但它并不孤单。例如，富达宣布，第一季度吸引了 160 万 35 岁以下的新客户，比去年同期增长了 223%。</blockquote></p><p> Under pressure from Robinhood’s zero-commission model, all of the major brokers cut commissions to zero in 2019. That opened the floodgates to a new group of customers—one that may not have as much spare cash to trade but is more active and diverse than its predecessors. And the brokers are cashing in. Fidelity is hoping to attract investors before they even have driver’s licenses, allowing children as young as 13 to open trading accounts. Robinhood is riding the momentum to an initial public offering that analysts expect to value it at more than 10 times its revenue.</p><p><blockquote>在 Robinhood 零佣金模式的压力下，所有主要经纪商都在 2019 年将佣金降至零。这为新客户群体打开了闸门——他们可能没有那么多闲置现金进行交易，但比前辈更加活跃和多样化。经纪人正在套现。富达希望在投资者获得驾照之前就吸引他们，允许年仅 13 岁的儿童开设交易账户。Robinhood 正在乘势而上进行首次公开募股，分析师预计其估值将超过其收入的 10 倍。</blockquote></p><p> These new customers act differently than their older peers. For years, there was a “big gravitation toward ETFs,” says Chris Larkin, head of trading at E*Trade, which is now owned by Morgan Stanley (MS). But picking single stocks is clearly “the big story of 2021.”</p><p><blockquote>这些新客户的行为与他们的老同行不同。E*Trade 交易主管克里斯-拉金（Chris Larkin）说，多年来，“ETF 一直备受青睐”，E*Trade 现归摩根士丹利（MS）所有。但挑选个股显然是 “2021 年的大新闻”。</blockquote></p><p> To be sure, equity exchange-traded funds are still doing well, as investors around the world bet on the pandemic recovery and avoid weak bond yields.</p><p><blockquote>可以肯定的是，随着世界各地的投资者押注疫情复苏并避免疲软的债券收益率，股票交易所交易基金仍然表现良好。</blockquote></p><p></p><p> But ETFs don’t light up the message boards like stocks do. Not that it has been a one-way ride for the top names. GameStop did dip in February, and Wall Street enjoyed a moment of schadenfreude. It didn’t last.</p><p><blockquote>但 ETF 不像股票那样点亮留言板。这并不是说顶级公司的单行道。游戏驿站二月份确实下跌，华尔街享受了幸灾乐祸的时刻。它并没有持续多久。</blockquote></p><p> “Like cicadas, meme traders returned in a wild blaze of activity after being seemingly underground for several months,” wrote Steve Sosnick, chief strategist at Interactive Brokers. Sosnick believes that the meme stocks tend to trade inversely to cryptocurrencies, because their fans rotate from one to the other as the momentum shifts.</p><p><blockquote>“盈透证券（Interactive Brokers）首席策略师史蒂夫-索斯尼克（Steve Sosnick）写道：”就像蝉一样，备忘录交易者在表面上隐匿了几个月后又重新活跃起来。索斯尼克认为，模因股票的交易往往与加密货币相反，因为随着势头的变化，它们的粉丝会从一种货币转向另一种货币。</blockquote></p><p> “I don’t think it’s strictly a coincidence that meme stocks roared back to life after a significant correction in Bitcoin and other cryptocurrencies,” he wrote.</p><p><blockquote>“他写道：”我不认为，在比特币和其他加密货币大幅回调后，备忘录股票卷土重来完全是巧合。</blockquote></p><p> Sosnick considers meme stocks a “sector unto themselves,” one that he segregates on his computer monitor away from other stock tickers.</p><p><blockquote>索斯尼克认为备忘录股票是一个 “独立的板块”，他在电脑显示器上将其与其他股票代码分开。</blockquote></p><p> Indeed, Wall Street’s reaction to the meme stock revolution has been to isolate the parts of the market that the pros deem irrational. Most short sellers won’t touch the stocks, and analysts are dropping coverage.</p><p><blockquote>事实上，华尔街对备忘录股票革命的反应一直是孤立专业人士认为不理性的市场部分。大多数卖空者不会碰这些股票，分析师也在放弃报道。</blockquote></p><p> But Wall Street can’t swat the retail army away like cicadas, or count on them disappearing for the next 17 years. Stock trading has permanently shifted. This year, retail activity accounts for 24% of equity volume, up from 15% in 2019. Adherents to the new creed are not passive observers willing to let Wall Street manage the markets.</p><p><blockquote>但华尔街不能像蝉一样把零售大军赶走，也不能指望它们在未来 17 年内消失。股票交易已经发生了永久性的变化。今年，零售活动占股本量的 24%，高于 2019 年的 15%。新信条的追随者不是愿意让华尔街管理市场的被动观察者。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/710e642d3b685b74f8c9dcaf46ef3e0b\" tg-width=\"968\" tg-height=\"643\"></p><p><blockquote></blockquote></p><p> “What this really reflects is a reversal of the trends that we saw toward less and less engagement with individual companies,” says Joshua Mitts, a professor at Columbia Law School specializing in securities markets. “Technology is bringing the average investor closer to the companies in which he or she invests, and that’s just taking on new and unpredictable forms.”</p><p><blockquote>“哥伦比亚法学院（Columbia Law School）专门研究证券市场的教授约书亚-米茨（Joshua Mitts）说：”这实际上反映了我们所看到的趋势的逆转，即与个别公司的接触越来越少。“技术正在拉近普通投资者与他或她所投资的公司的距离，而这只是以新的、不可预测的形式出现。”</blockquote></p><p> The swings you get can definitely make you feel some sort of way.</p><p><blockquote>你得到的秋千肯定会让你有某种感觉。</blockquote></p><p> — Matt Kohrs, 26, who streams stock analysis daily on YouTube</p><p><blockquote>— Matt Kohrs，26 岁，每天在 YouTube 上直播股票分析</blockquote></p><p> It is now changing the lives of those who got in early and are still riding the names higher.</p><p><blockquote>它现在正在改变那些早早加入的人的生活，并且仍然在更高的名字上。</blockquote></p><p> Take Matt Kohrs, who had invested in AMC Entertainment early. He quit his job as a programmer in New York in February, moved to Philadelphia, and started streaming&nbsp;stock analysis on YouTube&nbsp;for seven hours a day.</p><p><blockquote>以马特·科尔斯为例，他很早就投资了AMC院线。今年2月，他辞去了纽约程序员的工作，搬到了费城，并开始在YouTube上每天7个小时直播股票分析。</blockquote></p><p> With 350,000 YouTube followers, it’s paying the bills. With his earnings from ads and from the stock, Kohrs says he can pull down roughly the same salary he made before. But he also knows that relying on earnings from stocks like this is nothing like a 9-to-5 job.</p><p><blockquote>YouTube 拥有 35 万粉丝，它正在支付账单。科尔斯说，凭借广告和股票的收入，他可以拿到与以前大致相同的工资。但他也知道，像这样依赖股票收益与朝九晚五的工作完全不同。</blockquote></p><p> “The swings you get can definitely make you feel some sort of way,” he says.</p><p><blockquote>“他说：”你得到的秋千肯定会让你有某种感觉。</blockquote></p><p> Companies are starting to react more aggressively, too. They are either embracing their new owners or paying meme-ologists to understand the emoji-filled language of the new Wall Street so they can ward them off or appease them.</p><p><blockquote>公司也开始做出更积极的反应。他们要么拥抱他们的新主人，要么付钱给迷因学家来理解新华尔街充满表情符号的语言，这样他们就可以阻止他们或安抚他们。</blockquote></p><p> AMC even canceled a proposed equity raise this past week because the company apparently didn’t like the vibes it was getting from the Reddit crowd. AMC has already quintupled its share count over the past year. CEO Adam Aron tweeted that he had seen “many yes, many no” reactions to his proposal to issue 25 million more shares, so it will be canceled instead of being presented for a vote at AMC’s annual meeting later this month. The company did not respond to a question on how it had polled shareholders.</p><p><blockquote>AMC 甚至在上周取消了一项拟议的股权融资，因为该公司显然不喜欢 Reddit 人群的反响。过去一年，AMC 的股票数量已经增加了五倍。首席执行官亚当-阿伦（Adam Aron）在推特上表示，他看到了 “许多人赞成，许多人反对 ”对他增发 2500 万股股票的提议的反应，因此该提议将被取消，而不是在本月晚些时候的 AMC 年会上进行表决。该公司没有回答有关如何调查股东的问题。</blockquote></p><p> Forget the boardroom. Corporate policy is now being determined in the chat room.</p><p><blockquote>忘了会议室吧。公司政策现在正在聊天室里决定。</blockquote></p><p> Big investors are spending more time tracking social-media discussions about stocks. Bank of America found in a survey this year that about 25% of institutions had already been tracking social-media sentiment, but that about 40% are interested in using it going forward.</p><p><blockquote>大投资者正在花费更多时间跟踪社交媒体上有关股票的讨论。美国银行在今年的一项调查中发现，大约25%的机构已经在跟踪社交媒体情绪，但大约40%的机构有兴趣在未来使用它。</blockquote></p><p> In the past few months, Bank of America, Morgan Stanley, and J.P. Morgan have all produced reports on how to trade around the retail action, coming to somewhat different conclusions.</p><p><blockquote>在过去的几个月里，美国银行、摩根士丹利和摩根大通都发布了关于如何围绕零售行动进行交易的报告，得出了有些不同的结论。</blockquote></p><p> There can be “alpha in the signal,” as Morgan Stanley put it, but it can take some intense number-crunching to get there. Not all message-board chatter leads to sustained price gains, of course, and retail order flow cannot easily be separated from institutional flow without substantial data analysis. For investors with the tools to pinpoint which stocks retail investors are buying and which they are selling, J.P. Morgan suggests going long on the 20% of stocks with the most buying interest and short on the top 20% in selling interest.</p><p><blockquote>正如摩根士丹利所说，信号中可能存在 “阿尔法”，但要实现这一目标可能需要一些紧张的数字运算。当然，并不是所有的留言板聊天都会导致价格持续上涨，如果没有大量的数据分析，零售订单流很难与机构流分开。对于拥有工具来确定散户投资者正在购买哪些股票和正在出售哪些股票的投资者来说，摩根大通建议做多买入兴趣最高的 20% 的股票，做空卖出兴趣最高的 20% 的股票。</blockquote></p><p> For now, many of the institutions buying data on social-media sentiment appear to be trying to reduce their risks, as opposed to scouting new opportunities, according to Boris Spiwak of alternative data firm Thinknum, which offers products that track social-media sentiment. “They see it as almost like an insurance policy, to limit their downside risks,” he says.</p><p><blockquote>提供跟踪社交媒体情绪产品的另类数据公司Thinknum的鲍里斯·斯皮瓦克(Boris Spiwak)表示，目前，许多购买社交媒体情绪数据的机构似乎都在试图降低风险，而不是寻找新的机会。“他说：”他们认为这几乎就像一份保险，以限制他们的下行风险。</blockquote></p><p></p><p> For retail traders, the method isn’t always scientific. The action is sustained by a community ethos. And the force behind it is as much emotional and moral as financial.</p><p><blockquote>对于零售商来说，这种方法并不总是科学的。这一行动是由社区精神支撑的。其背后的力量既是情感上的，也是道德上的，也是经济上的。</blockquote></p><p> New investors say they are motivated by a desire to prove themselves and punish the old guard as much as by profits. They learn from one another about the market, sometimes amplifying or debunking conspiracy theories about Wall Street. Some link the meme-stock movement to continued mistrust of big financial institutions stemming from the 2008 financial crisis.</p><p><blockquote>新投资者表示，他们的动机是希望证明自己，并像利润一样惩罚保守派。他们互相学习市场，有时会放大或揭穿关于华尔街的阴谋论。一些人将模因股票运动与2008年金融危机引发的对大型金融机构的持续不信任联系起来。</blockquote></p><p> “Wall Street brought our economy to its knees, and no one ever got in trouble for it,” says the 26-year-old Kohrs. “So, I think they view this as not only can we make money, but we can also make these hedge funds on Wall Street pay.”</p><p><blockquote>“26 岁的科尔斯说：”华尔街让我们的经济陷入困境，但没有人因此惹上麻烦。“所以，我认为他们认为我们不仅可以赚钱，还可以让华尔街的这些对冲基金付钱。”</blockquote></p><p> Claire Hirschberg is a 28-year-old union organizer who bought about $50 worth of GameStop stock on Robinhood in January after hearing about it from friends. She liked the idea, but what really got her excited about it was the reaction of her father, a longtime money manager. “He was so mad I had bought GameStop and was refusing to sell,” she says, laughing. “And that just makes me want to hold it forever.”</p><p><blockquote>克莱尔·赫希伯格 (Claire Hirschberg) 是一名 28 岁的工会组织者，她在 1 月份从朋友那里听说 Robinhood 上购买了价值约 50 美元的游戏驿站股票。她喜欢这个想法，但真正让她兴奋的是她父亲的反应，他是一名长期的资金经理。“她笑着说：”他很生气我买了游戏驿站，还不肯卖。“这让我想永远拿着它。”</blockquote></p><p> Just like old Wall Street has rituals and codes, the new one does, too. A new investment banking employee learns quickly that you don’t wear a Ferragamo tie until after you make associate. You never leave the office until the managing director does, and you don’t complain about the hours. And the bad guys are the regulators and Sen. Elizabeth Warren, and not in that order.</p><p><blockquote>就像老华尔街有仪式和准则一样，新华尔街也有。一位新的投资银行员工很快就会知道，在你成为合伙人之前，你不会打菲拉格慕领带。在总经理离开之前，你从不离开办公室，你也不会抱怨工作时间。坏人是监管者和参议员伊丽莎白·沃伦，而且不是按顺序。</blockquote></p><p> The new trading desk—the apps that millions of retail traders now use and the message boards where they congregate—have unspoken rules, too. Publicly acknowledging financial losses is a valiant act, evidence of internal fortitude and belief in the group. You don’t take yourself seriously and you don’t police language. You are part of an army of “apes” or “retards.” You hold through the crashes, even if it means you might lose everything. And the bad guys are the short sellers, the market makers, and the Wall Street elites, in that order.</p><p><blockquote>新的交易台——数百万散户交易者现在使用的应用程序和他们聚集的留言板——也有潜规则。公开承认财务损失是一种勇敢的行为，是内部坚韧和对本集团信念的证明。你不把自己当回事，也不规范语言。你是 “猿类 ”或 “弱智 ”大军的一员。你坚持住，即使这意味着你可能会失去一切。坏人依次是卖空者、做市商和华尔街精英。</blockquote></p><p> The group action is not just for moral support. The trading strategy depends on people keeping up the buying pressure to force a short squeeze or to buy bullish options that trigger what’s known as a gamma squeeze.</p><p><blockquote>集体行动不仅仅是为了精神支持。交易策略取决于人们保持买入压力，迫使做空，或买入看涨期权，从而引发所谓的伽马挤压。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/75d79c78a14cc8f297e17397cc54bdb5\" tg-width=\"1260\" tg-height=\"840\"><span>Keith Gill became the face of the Reddit army of retail traders pushing shares of GameStop higher when he appeared virtually before a House Financial Services Committee hearing in February.</span></p><p><blockquote><p class=\"t-img-caption\"><span>基思·吉尔 (Keith Gill) 在二月份众议院金融服务委员会听证会上虚拟露面，成为 Reddit 散户交易员大军推高游戏驿站股价的代言人。</span></p></blockquote></p><p> Many short sellers say they won’t touch these stocks anymore. But clearly, others aren’t taking that advice and are giving the meme movement oxygen by repeatedly betting against the stocks. AMC’s short interest was at 17% of the stock’s float in mid-June, down from 28% in January, but not by much.</p><p><blockquote>许多卖空者表示，他们不会再碰这些股票了。但显然，其他人并没有采纳这一建议，而是通过反复做空股票来给备忘录运动注入氧气。6 月中旬，AMC 的空头权益占该股流通量的 17%，低于 1 月份的 28%，但降幅不大。</blockquote></p><p> As the price rises, the shorts can’t help themselves. They start “drooling, with flames coming out of their ears,” says Michael Pachter, a Wedbush Securities analyst who has covered GameStop for years. “What’s kind of shocked me is the definition of insanity, which is doing the same thing over and over and over again and hoping for a different outcome each time, and the shorts keep coming back,” he says. “And [GameStop bull] Keith Gill and his Reddit raiders keep squeezing them, and it keeps working.”</p><p><blockquote>随着价格上涨，空头们也控制不住自己。多年来一直关注游戏驿站的韦德布什证券分析师迈克尔-帕切特（Michael Pachter）说，他们开始 “流口水，耳朵里冒出火焰”。“他说：”让我感到震惊的是精神错乱的定义，就是一遍又一遍地做同样的事情，每次都希望有不同的结果，而空头却不断出现。“[游戏驿站公牛]基思-吉尔（Keith Gill）和他的 Reddit raiders 一直在挤压他们，而且一直在起作用。”</blockquote></p><p> To beat the short sellers, the Reddit crowd needs to hold together, but the community has been showing cracks at times. The two meme stocks with the most determined fan bases—GameStop and AMC—still have enormous armies of core believers who do not seem easily swayed. But other names seem to have more-fickle backers. Several stocks caught up in the meme madness have come crashing down to earth.Bed Bath &amp; Beyond(BBBY) spiked twice—in late January and early June—but now trades only slightly above its mid-January levels. People who bought during the upswings have lost money.</p><p><blockquote>为了击败卖空者，Reddit 人群需要团结起来，但该社区有时会出现裂缝。拥有最坚定粉丝群的两只模因股票——游戏驿站和 AMC——仍然拥有庞大的核心信徒大军，他们似乎不容易动摇。但其他名字似乎有更善变的支持者。几只陷入迷因疯狂的股票已经崩溃。 Bed Bath &amp; Beyond (BBBY) 在 1 月底和 6 月初两次飙升，但现在的交易价格仅略高于 1 月中旬的水平。在上涨期间买入的人已经赔钱了。</blockquote></p><p> Distrust has spread, and some traders worry that wallstreetbets— the original Reddit message board that inspired the GameStop frenzy—has grown so fast that it has lost its original spirit, and potentially grown vulnerable to manipulation. Some have moved to other message boards, like r/superstonk, in hopes of reclaiming the old community’s flavor.</p><p><blockquote>不信任已经蔓延，一些交易员担心 wallstreetbets——激发游戏驿站狂热的最初 Reddit 留言板——发展如此之快，以至于它已经失去了最初的精神，并可能变得容易受到操纵。有些人搬到了其他留言板，如 r/superstonk，希望能重现老社区的风味。</blockquote></p><p> Travis Rehl, the founder of social-media tracking company Hype Equity, says that he tries to separate possible manipulators from more organic investor sentiment. Hype Equity is usually hired by public-relations firms representing companies that are being talked about online, he says. Now, he sees a growing trend of stocks that suddenly come up on message boards, receive positive chatter, and then disappear.</p><p><blockquote>社交媒体跟踪公司 Hype Equity 的创始人特拉维斯·雷尔 (Travis Rehl) 表示，他试图将可能的操纵者与更有机的投资者情绪区分开来。他说，炒作股权通常由代表网上谈论的公司的公关公司雇佣。现在，他看到了一种不断增长的趋势，即股票突然出现在留言板上，收到积极的聊天，然后消失。</blockquote></p><p></p><p> “It’s called into question what is a true discussion versus what is something that somebody just wants to pump,” he says. The moderators of wallstreetbets forbid market manipulation on the platform, and Rehl say they appear to work hard to police misinformation. The moderators did not respond to a request from&nbsp;Barron’s&nbsp;for comment.</p><p><blockquote>“他说：”这让人怀疑什么是真正的讨论，什么是某人只想炒作的东西。wallstreetbets 的版主禁止在该平台上操纵市场，Rehl 表示，他们似乎正在努力遏制错误信息。主持人没有回应《巴伦周刊》的置评请求。</blockquote></p><p> “If you can create enough buzz to get a stock that goes up 10%, 20%, even 50% in a short period of time, there’s a tremendous incentive to do that,” Sosnick says.</p><p><blockquote>“索斯尼克说：”如果你能制造足够的轰动效应，让一只股票在短时间内上涨 10%、20%，甚至 50%，那么你就有巨大的动力去做这件事。</blockquote></p><p> The Securities and Exchange Commission is watching for funny business on the message boards. SEC Chairman Gary Gensler and some members of Congress have discussed changing market rules with the intention of adding transparency protecting retail traders—although changes could also anger the retail crowd if they slow down trading or make it more expensive.</p><p><blockquote>美国证券交易委员会正在关注留言板上的有趣交易。美国证券交易委员会主席加里·詹斯勒（Gary Gensler）和一些国会议员讨论了改变市场规则，目的是增加保护散户交易者的透明度——尽管如果这些变化减缓交易速度或使交易成本更高，也可能激怒零售人群。</blockquote></p><p> Regulations aren’t the only thing that could deflate this trend. Dan Egan, vice president of behavioral finance and investing at fintech Betterment, thinks the momentum may run out of steam in September. Even “apes” have responsibilities. “Kids start going back to schools; parents are free to go to work again,” he says. “That’s the next time there’s going to be some oxygen pulled out of the room.”</p><p><blockquote>监管并不是唯一能遏制这一趋势的因素。fintech Betterment 行为金融和投资副总裁丹·伊根 (Dan Egan) 认为，这种势头可能会在 9 月份耗尽。即使是 “猿猴 ”也有责任。“他说：”孩子们开始重返校园；家长们也可以自由地再次上班了。“那是下一次从房间里抽出氧气的时候了。”</blockquote></p><p> Traditional investors may be tempted to write off the entire phenomenon as temporary madness inspired by lockdowns and free government money. But that would be a mistake. If zero-commission brokerages and fun with GameStop broke down barriers for millions of new investors to open accounts, it’s almost certainly a good thing, as long as most people bet with money they don’t need immediately. Many new retail traders say they are teaching themselves how to trade, and have begun to diversify their holdings.</p><p><blockquote>传统投资者可能会倾向于将整个现象视为由封锁和免费政府资金引发的暂时疯狂。但那将是一个错误。如果零佣金经纪和游戏驿站乐趣打破了数百万新投资者开户的障碍，那么只要大多数人用他们并不立即需要的钱下注，这几乎肯定是一件好事。许多新零售商表示，他们正在自学如何交易，并开始分散持股。</blockquote></p><p> In one form or another, this is the future client base of Wall Street.</p><p><blockquote>无论如何，这是华尔街未来的客户群。</blockquote></p><p> Arizona State University professor Hendrik Bessembinder published groundbreaking&nbsp;research&nbsp;in 2018 that found that “a randomly selected stock in a randomly selected month is more likely to lose money than make money.” In short, picking single stocks and holding a concentrated portfolio tends to be a losing strategy.</p><p><blockquote>亚利桑那州立大学教授亨德里克-贝森宾德（Hendrik Bessembinder）在2018年发表了一项开创性的研究，发现“在随机选择的月份随机选择的股票，亏损的可能性大于赚钱的可能性”。简而言之，挑选单只股票并持有集中投资组合往往是一种失败的策略。</blockquote></p><p> Even so, he’s encouraged by the new wave of trading. “I welcome the increase in retail trading, the idea of the stock market being a place with wide participation,” Bessembinder says. “Economists can’t tell people they shouldn’t get some fun.”</p><p><blockquote>即便如此，他还是对新一波交易感到鼓舞。“贝森宾德说：”我欢迎零售交易的增加，欢迎股票市场成为一个广泛参与的地方。“经济学家不能告诉人们他们不应该找点乐子”。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/the-meme-stock-trade-is-far-from-over-what-investors-need-to-know-51625875247?mod=hp_HERO\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WKHS":"Workhorse Group, Inc.","BBBY":"Bed Bath & Beyond, Inc.","CLOV":"Clover Health Corp","AMC":"AMC院线","GME":"游戏驿站","SCHW":"嘉信理财","BB":"黑莓","CARV":"卡弗储蓄","NEGG":"Newegg Comm Inc."},"source_url":"https://www.barrons.com/articles/the-meme-stock-trade-is-far-from-over-what-investors-need-to-know-51625875247?mod=hp_HERO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112201050","content_text":"It seemed to be only a matter of time.\nWhen GameStop (ticker: GME), BlackBerry (BB), and even the desiccated carcass of Blockbuster suddenly sprang to life in January, the clock was already ticking for when they would crash again. Would it be hours, days, or weeks?\nIt has now been half a year, and the core “meme stocks” are still trading at levels considered outrageous by people who have studied them for years. New names like Clover Health Investments(CLOV) and Newegg Commerce(NEGG) have recently popped up on message boards, and their stocks have popped, too.\nThe collective efforts of millions of retail traders—long derided as “the dumb money”—have successfully held stocks aloft and forced naysayers to capitulate.\nThat is true even as the companies they are betting on have shown scant signs of transforming their businesses, or turning profits that might justify their valuations. BlackBerry burned cash in its latest quarter and warned that its key cybersecurity division would hit the low end of its revenue guidance; the stock dipped on the news but has still more than doubled in the past year.\nWhile trading volume at the big brokers has come down slightly from its February peak, it remains two to three times as high as it was before the pandemic. And a startling amount of that activity is occurring in stocks favored by retail traders. The average daily value of shares traded in AMC Entertainment Holdings(AMC), for example, reached $13.1 billion in June, more than Apple’s(AAPL) $9.5 billion and Amazon.com’s (AMZN) $10.3 billion.\nEven as the coronavirus fades in the U.S., most new traders say they are committed to the hobby they learned during lockdown—58% of day traders in a Betterment survey said they are planning to trade even more in the future, and only 12% plan to trade less. Amateur pandemic bakers have stopped kneading sourdough loaves; traders are only getting hungrier.\nA sustained bear market would spoil such an appetite, as it did when the dot-com bubble burst. For now, dips are reasons to hold or buy.\n\n“I’ve seen that the ‘buy the dip’ sentiment hasn’t relented for a moment,” wrote Brandon Luczek, an electronics technician for the U.S. Navy who trades with friends online, in an email to Barron’s.\nThe meme stock surge has been propelled by a rise in trading by retail investors. In 2020, online brokers signed clients at a record pace, with more than 10 million people opening new accounts. That record will almost certainly be broken in 2021. Brokers had already added more than 10 million accounts less than halfway into the year, some of the top firms have disclosed.\nMeme stocks are both the cart and the horse of this phenomenon. Their sudden price spikes are driven by new investors, and then that action drives even more new people to invest. Millions of people downloaded investing apps in late January and early February just to be a part of the fun. A recent Charles Schwab(SCHW) survey found that 15% of all current traders began investing after 2020.\n\nThe most prominent player in the surge is Robinhood, which said it had added 5.5 million funded accounts in the first quarter alone. But it isn’t alone. Fidelity, for instance, announced that it had attracted 1.6 million new customers under the age of 35 in the first quarter, 223% more than a year before.\nUnder pressure from Robinhood’s zero-commission model, all of the major brokers cut commissions to zero in 2019. That opened the floodgates to a new group of customers—one that may not have as much spare cash to trade but is more active and diverse than its predecessors. And the brokers are cashing in. Fidelity is hoping to attract investors before they even have driver’s licenses, allowing children as young as 13 to open trading accounts. Robinhood is riding the momentum to an initial public offering that analysts expect to value it at more than 10 times its revenue.\nThese new customers act differently than their older peers. For years, there was a “big gravitation toward ETFs,” says Chris Larkin, head of trading at E*Trade, which is now owned by Morgan Stanley (MS). But picking single stocks is clearly “the big story of 2021.”\nTo be sure, equity exchange-traded funds are still doing well, as investors around the world bet on the pandemic recovery and avoid weak bond yields.\nBut ETFs don’t light up the message boards like stocks do. Not that it has been a one-way ride for the top names. GameStop did dip in February, and Wall Street enjoyed a moment of schadenfreude. It didn’t last.\n“Like cicadas, meme traders returned in a wild blaze of activity after being seemingly underground for several months,” wrote Steve Sosnick, chief strategist at Interactive Brokers. Sosnick believes that the meme stocks tend to trade inversely to cryptocurrencies, because their fans rotate from one to the other as the momentum shifts.\n“I don’t think it’s strictly a coincidence that meme stocks roared back to life after a significant correction in Bitcoin and other cryptocurrencies,” he wrote.\nSosnick considers meme stocks a “sector unto themselves,” one that he segregates on his computer monitor away from other stock tickers.\nIndeed, Wall Street’s reaction to the meme stock revolution has been to isolate the parts of the market that the pros deem irrational. Most short sellers won’t touch the stocks, and analysts are dropping coverage.\nBut Wall Street can’t swat the retail army away like cicadas, or count on them disappearing for the next 17 years. Stock trading has permanently shifted. This year, retail activity accounts for 24% of equity volume, up from 15% in 2019. Adherents to the new creed are not passive observers willing to let Wall Street manage the markets.\n\n“What this really reflects is a reversal of the trends that we saw toward less and less engagement with individual companies,” says Joshua Mitts, a professor at Columbia Law School specializing in securities markets. “Technology is bringing the average investor closer to the companies in which he or she invests, and that’s just taking on new and unpredictable forms.”\nThe swings you get can definitely make you feel some sort of way.\n— Matt Kohrs, 26, who streams stock analysis daily on YouTube\nIt is now changing the lives of those who got in early and are still riding the names higher.\nTake Matt Kohrs, who had invested in AMC Entertainment early. He quit his job as a programmer in New York in February, moved to Philadelphia, and started streaming stock analysis on YouTube for seven hours a day.\nWith 350,000 YouTube followers, it’s paying the bills. With his earnings from ads and from the stock, Kohrs says he can pull down roughly the same salary he made before. But he also knows that relying on earnings from stocks like this is nothing like a 9-to-5 job.\n“The swings you get can definitely make you feel some sort of way,” he says.\nCompanies are starting to react more aggressively, too. They are either embracing their new owners or paying meme-ologists to understand the emoji-filled language of the new Wall Street so they can ward them off or appease them.\nAMC even canceled a proposed equity raise this past week because the company apparently didn’t like the vibes it was getting from the Reddit crowd. AMC has already quintupled its share count over the past year. CEO Adam Aron tweeted that he had seen “many yes, many no” reactions to his proposal to issue 25 million more shares, so it will be canceled instead of being presented for a vote at AMC’s annual meeting later this month. The company did not respond to a question on how it had polled shareholders.\nForget the boardroom. Corporate policy is now being determined in the chat room.\nBig investors are spending more time tracking social-media discussions about stocks. Bank of America found in a survey this year that about 25% of institutions had already been tracking social-media sentiment, but that about 40% are interested in using it going forward.\nIn the past few months, Bank of America, Morgan Stanley, and J.P. Morgan have all produced reports on how to trade around the retail action, coming to somewhat different conclusions.\nThere can be “alpha in the signal,” as Morgan Stanley put it, but it can take some intense number-crunching to get there. Not all message-board chatter leads to sustained price gains, of course, and retail order flow cannot easily be separated from institutional flow without substantial data analysis. For investors with the tools to pinpoint which stocks retail investors are buying and which they are selling, J.P. Morgan suggests going long on the 20% of stocks with the most buying interest and short on the top 20% in selling interest.\nFor now, many of the institutions buying data on social-media sentiment appear to be trying to reduce their risks, as opposed to scouting new opportunities, according to Boris Spiwak of alternative data firm Thinknum, which offers products that track social-media sentiment. “They see it as almost like an insurance policy, to limit their downside risks,” he says.\nFor retail traders, the method isn’t always scientific. The action is sustained by a community ethos. And the force behind it is as much emotional and moral as financial.\nNew investors say they are motivated by a desire to prove themselves and punish the old guard as much as by profits. They learn from one another about the market, sometimes amplifying or debunking conspiracy theories about Wall Street. Some link the meme-stock movement to continued mistrust of big financial institutions stemming from the 2008 financial crisis.\n“Wall Street brought our economy to its knees, and no one ever got in trouble for it,” says the 26-year-old Kohrs. “So, I think they view this as not only can we make money, but we can also make these hedge funds on Wall Street pay.”\nClaire Hirschberg is a 28-year-old union organizer who bought about $50 worth of GameStop stock on Robinhood in January after hearing about it from friends. She liked the idea, but what really got her excited about it was the reaction of her father, a longtime money manager. “He was so mad I had bought GameStop and was refusing to sell,” she says, laughing. “And that just makes me want to hold it forever.”\nJust like old Wall Street has rituals and codes, the new one does, too. A new investment banking employee learns quickly that you don’t wear a Ferragamo tie until after you make associate. You never leave the office until the managing director does, and you don’t complain about the hours. And the bad guys are the regulators and Sen. Elizabeth Warren, and not in that order.\nThe new trading desk—the apps that millions of retail traders now use and the message boards where they congregate—have unspoken rules, too. Publicly acknowledging financial losses is a valiant act, evidence of internal fortitude and belief in the group. You don’t take yourself seriously and you don’t police language. You are part of an army of “apes” or “retards.” You hold through the crashes, even if it means you might lose everything. And the bad guys are the short sellers, the market makers, and the Wall Street elites, in that order.\nThe group action is not just for moral support. The trading strategy depends on people keeping up the buying pressure to force a short squeeze or to buy bullish options that trigger what’s known as a gamma squeeze.\nKeith Gill became the face of the Reddit army of retail traders pushing shares of GameStop higher when he appeared virtually before a House Financial Services Committee hearing in February.\nMany short sellers say they won’t touch these stocks anymore. But clearly, others aren’t taking that advice and are giving the meme movement oxygen by repeatedly betting against the stocks. AMC’s short interest was at 17% of the stock’s float in mid-June, down from 28% in January, but not by much.\nAs the price rises, the shorts can’t help themselves. They start “drooling, with flames coming out of their ears,” says Michael Pachter, a Wedbush Securities analyst who has covered GameStop for years. “What’s kind of shocked me is the definition of insanity, which is doing the same thing over and over and over again and hoping for a different outcome each time, and the shorts keep coming back,” he says. “And [GameStop bull] Keith Gill and his Reddit raiders keep squeezing them, and it keeps working.”\nTo beat the short sellers, the Reddit crowd needs to hold together, but the community has been showing cracks at times. The two meme stocks with the most determined fan bases—GameStop and AMC—still have enormous armies of core believers who do not seem easily swayed. But other names seem to have more-fickle backers. Several stocks caught up in the meme madness have come crashing down to earth.Bed Bath & Beyond(BBBY) spiked twice—in late January and early June—but now trades only slightly above its mid-January levels. People who bought during the upswings have lost money.\nDistrust has spread, and some traders worry that wallstreetbets— the original Reddit message board that inspired the GameStop frenzy—has grown so fast that it has lost its original spirit, and potentially grown vulnerable to manipulation. Some have moved to other message boards, like r/superstonk, in hopes of reclaiming the old community’s flavor.\nTravis Rehl, the founder of social-media tracking company Hype Equity, says that he tries to separate possible manipulators from more organic investor sentiment. Hype Equity is usually hired by public-relations firms representing companies that are being talked about online, he says. Now, he sees a growing trend of stocks that suddenly come up on message boards, receive positive chatter, and then disappear.\n“It’s called into question what is a true discussion versus what is something that somebody just wants to pump,” he says. The moderators of wallstreetbets forbid market manipulation on the platform, and Rehl say they appear to work hard to police misinformation. The moderators did not respond to a request from Barron’s for comment.\n“If you can create enough buzz to get a stock that goes up 10%, 20%, even 50% in a short period of time, there’s a tremendous incentive to do that,” Sosnick says.\nThe Securities and Exchange Commission is watching for funny business on the message boards. SEC Chairman Gary Gensler and some members of Congress have discussed changing market rules with the intention of adding transparency protecting retail traders—although changes could also anger the retail crowd if they slow down trading or make it more expensive.\nRegulations aren’t the only thing that could deflate this trend. Dan Egan, vice president of behavioral finance and investing at fintech Betterment, thinks the momentum may run out of steam in September. Even “apes” have responsibilities. “Kids start going back to schools; parents are free to go to work again,” he says. “That’s the next time there’s going to be some oxygen pulled out of the room.”\nTraditional investors may be tempted to write off the entire phenomenon as temporary madness inspired by lockdowns and free government money. But that would be a mistake. If zero-commission brokerages and fun with GameStop broke down barriers for millions of new investors to open accounts, it’s almost certainly a good thing, as long as most people bet with money they don’t need immediately. Many new retail traders say they are teaching themselves how to trade, and have begun to diversify their holdings.\nIn one form or another, this is the future client base of Wall Street.\nArizona State University professor Hendrik Bessembinder published groundbreaking research in 2018 that found that “a randomly selected stock in a randomly selected month is more likely to lose money than make money.” In short, picking single stocks and holding a concentrated portfolio tends to be a losing strategy.\nEven so, he’s encouraged by the new wave of trading. “I welcome the increase in retail trading, the idea of the stock market being a place with wide participation,” Bessembinder says. “Economists can’t tell people they shouldn’t get some fun.”","news_type":1,"symbols_score_info":{"NEGG":0.9,"BBBY":0.9,"BB":0.9,"GME":0.9,"CARV":0.9,"SCHW":0.9,"CLOV":0.9,"WKHS":0.9,"MRIN":0.9,"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":2953,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159350360,"gmtCreate":1624943079050,"gmtModify":1631890034788,"author":{"id":"3581814038363779","authorId":"3581814038363779","name":"Matthewlee","avatar":"https://static.tigerbbs.com/1b353e4b25bc0161b43146b622f27f99","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814038363779","idStr":"3581814038363779"},"themes":[],"title":"","htmlText":"NIO, a long term stock to hold for better gains","listText":"NIO, a long term stock to hold for better gains","text":"NIO, a long term stock to hold for better gains","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/159350360","repostId":"1113711731","repostType":4,"repost":{"id":"1113711731","kind":"news","pubTimestamp":1624937958,"share":"https://www.laohunote.com/m/news/1113711731?lang=zh_CN&edition=full","pubTime":"2021-06-29 11:39","market":"us","language":"en","title":"NIO Stock Is Going Nuts. This Is the Best Explanation.<blockquote>蔚来股票正在疯狂。这是最好的解释。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1113711731","media":"Barrons","summary":"Stock in Chinese electric vehicle maker NIO is on fire. While a surge in the volume of options tradi","content":"<p>Stock in Chinese electric vehicle maker&nbsp;NIO&nbsp;is&nbsp;on fire. While a surge in the volume of options trading isn’t a perfect explanation for the rally, it certainlyhelped shares soaron Monday.</p><p><blockquote>中国电动汽车制造商蔚来的股票着火了。虽然期权交易量的激增并不能完美解释股价上涨，但它确实帮助股市在周一飙升。</blockquote></p><p> NIO (ticker: NIO) stock gained almost 10% Monday and shares are up 28% over the past month. The&nbsp;S&amp;P 500,for comparison, rose 0.2% Monday and is up 2% over the past month. Call options volume, which rose almost 200% on Monday compared to Friday, is perhaps the biggest reason NIO shares might be more volatile.</p><p><blockquote>蔚来（股票代码：蔚来）股价周一上涨近 10%，过去一个月股价上涨 28%。相比之下，标准普尔 500 指数周一上涨 0.2%，过去一个月上涨 2%。与周五相比，周一看涨期权期权交易量增长了近 200%，这可能是蔚来股票波动更大的最大原因。</blockquote></p><p> Call options give the holder the right to buy a stock at a fixed price. (Buying a call is a bullish take on the underlying stock.) Brokers will sell and trade options contracts because they want to earn a commission on a trade. But brokers don’t want to be short a call option, which means they’ll have to take a loss if the stock rises.</p><p><blockquote>看涨期权期权赋予持有人以固定价格购买股票的权利。（购买看涨期权是对标的股票的看涨。）经纪人会出售和交易期权合约，因为他们想从交易中赚取佣金。但经纪商不想做空看涨期权期权，这意味着如果股价上涨，他们将不得不承担损失。</blockquote></p><p> One way brokers can hedge options positions is to buy the underlying stock. If a broker sells a call and buys the stock, they can earn the options commission and, if the stock rises, they can deliver the stock purchased to the call holder. In that scenario, the broker doesn’t have to buy shares at a higher price. That process is one way higher-than-average call buying can drive buying in the underlying stock.</p><p><blockquote>经纪商对冲期权头寸的一种方法是购买标的股票。如果经纪人出售看涨期权并购买股票，他们可以赚取期权佣金，如果股票上涨，他们可以将购买的股票交付给看涨期权持有人。在这种情况下，经纪人不必以更高的价格购买股票。这一过程是高于平均水平的看涨期权买入量推动标的股票买入量的一种方式。</blockquote></p><p> Other factors don’t seem to be at play. Wall Street, for example, can’t be credited with the rally. The average analystprice targetfor NIO stock is up about 1% over the past month and not much has happened to those targets since the companyreported earningsat the end of April. Looking back to that point, the average analyst price target has gone up about $1 to a little more than $59 a share.</p><p><blockquote>其他因素似乎没有起作用。例如，华尔街的反弹功不可没。过去一个月，分析师对蔚来股票的平均目标价上涨了约 1%，自该公司 4 月底公布收益以来，这些目标并没有发生太大变化。回顾过去，分析师的平均目标价已上涨约 1 美元，至每股 59 美元多一点。</blockquote></p><p> News doesn’t seem to be a credible reason for NIO’s rally, either. The last release on NIO’s website is fromJune 1when the company reported May deliveries. Those numbers relieved investors because the electric vehicle company maintained second-quarter delivery guidance despite a global automotive semiconductor shortage that has roiled the entire industry.</p><p><blockquote>新闻似乎也不是蔚来反弹的可信理由。蔚来网站上的最后一次发布是在 6 月 1 日，当时该公司报告称将于 5 月交付。这些数字让投资者松了一口气，因为尽管全球汽车半导体短缺扰乱了整个行业，但这家电动汽车公司仍维持了第二季度的交付指引。</blockquote></p><p> NIO shares are now up 1% year to date. It’s been a wild ride so far in 2021. Based on recent trading, the ride will continue.</p><p><blockquote>蔚来股价今年迄今已上涨 1%。2021 年到目前为止，这是一段疯狂的旅程。根据最近的交易情况，这一趋势将继续下去。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NIO Stock Is Going Nuts. This Is the Best Explanation.<blockquote>蔚来股票正在疯狂。这是最好的解释。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNIO Stock Is Going Nuts. This Is the Best Explanation.<blockquote>蔚来股票正在疯狂。这是最好的解释。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-06-29 11:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Stock in Chinese electric vehicle maker&nbsp;NIO&nbsp;is&nbsp;on fire. While a surge in the volume of options trading isn’t a perfect explanation for the rally, it certainlyhelped shares soaron Monday.</p><p><blockquote>中国电动汽车制造商蔚来的股票着火了。虽然期权交易量的激增并不能完美解释股价上涨，但它确实帮助股市在周一飙升。</blockquote></p><p> NIO (ticker: NIO) stock gained almost 10% Monday and shares are up 28% over the past month. The&nbsp;S&amp;P 500,for comparison, rose 0.2% Monday and is up 2% over the past month. Call options volume, which rose almost 200% on Monday compared to Friday, is perhaps the biggest reason NIO shares might be more volatile.</p><p><blockquote>蔚来（股票代码：蔚来）股价周一上涨近 10%，过去一个月股价上涨 28%。相比之下，标准普尔 500 指数周一上涨 0.2%，过去一个月上涨 2%。与周五相比，周一看涨期权期权交易量增长了近 200%，这可能是蔚来股票波动更大的最大原因。</blockquote></p><p> Call options give the holder the right to buy a stock at a fixed price. (Buying a call is a bullish take on the underlying stock.) Brokers will sell and trade options contracts because they want to earn a commission on a trade. But brokers don’t want to be short a call option, which means they’ll have to take a loss if the stock rises.</p><p><blockquote>看涨期权期权赋予持有人以固定价格购买股票的权利。（购买看涨期权是对标的股票的看涨。）经纪人会出售和交易期权合约，因为他们想从交易中赚取佣金。但经纪商不想做空看涨期权期权，这意味着如果股价上涨，他们将不得不承担损失。</blockquote></p><p> One way brokers can hedge options positions is to buy the underlying stock. If a broker sells a call and buys the stock, they can earn the options commission and, if the stock rises, they can deliver the stock purchased to the call holder. In that scenario, the broker doesn’t have to buy shares at a higher price. That process is one way higher-than-average call buying can drive buying in the underlying stock.</p><p><blockquote>经纪商对冲期权头寸的一种方法是购买标的股票。如果经纪人出售看涨期权并购买股票，他们可以赚取期权佣金，如果股票上涨，他们可以将购买的股票交付给看涨期权持有人。在这种情况下，经纪人不必以更高的价格购买股票。这一过程是高于平均水平的看涨期权买入量推动标的股票买入量的一种方式。</blockquote></p><p> Other factors don’t seem to be at play. Wall Street, for example, can’t be credited with the rally. The average analystprice targetfor NIO stock is up about 1% over the past month and not much has happened to those targets since the companyreported earningsat the end of April. Looking back to that point, the average analyst price target has gone up about $1 to a little more than $59 a share.</p><p><blockquote>其他因素似乎没有起作用。例如，华尔街的反弹功不可没。过去一个月，分析师对蔚来股票的平均目标价上涨了约 1%，自该公司 4 月底公布收益以来，这些目标并没有发生太大变化。回顾过去，分析师的平均目标价已上涨约 1 美元，至每股 59 美元多一点。</blockquote></p><p> News doesn’t seem to be a credible reason for NIO’s rally, either. The last release on NIO’s website is fromJune 1when the company reported May deliveries. Those numbers relieved investors because the electric vehicle company maintained second-quarter delivery guidance despite a global automotive semiconductor shortage that has roiled the entire industry.</p><p><blockquote>新闻似乎也不是蔚来反弹的可信理由。蔚来网站上的最后一次发布是在 6 月 1 日，当时该公司报告称将于 5 月交付。这些数字让投资者松了一口气，因为尽管全球汽车半导体短缺扰乱了整个行业，但这家电动汽车公司仍维持了第二季度的交付指引。</blockquote></p><p> NIO shares are now up 1% year to date. It’s been a wild ride so far in 2021. Based on recent trading, the ride will continue.</p><p><blockquote>蔚来股价今年迄今已上涨 1%。2021 年到目前为止，这是一段疯狂的旅程。根据最近的交易情况，这一趋势将继续下去。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/nio-stock-options-volume-51624921009?siteid=yhoof2\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"source_url":"https://www.barrons.com/articles/nio-stock-options-volume-51624921009?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113711731","content_text":"Stock in Chinese electric vehicle maker NIO is on fire. While a surge in the volume of options trading isn’t a perfect explanation for the rally, it certainlyhelped shares soaron Monday.\nNIO (ticker: NIO) stock gained almost 10% Monday and shares are up 28% over the past month. The S&P 500,for comparison, rose 0.2% Monday and is up 2% over the past month. Call options volume, which rose almost 200% on Monday compared to Friday, is perhaps the biggest reason NIO shares might be more volatile.\nCall options give the holder the right to buy a stock at a fixed price. (Buying a call is a bullish take on the underlying stock.) Brokers will sell and trade options contracts because they want to earn a commission on a trade. But brokers don’t want to be short a call option, which means they’ll have to take a loss if the stock rises.\nOne way brokers can hedge options positions is to buy the underlying stock. If a broker sells a call and buys the stock, they can earn the options commission and, if the stock rises, they can deliver the stock purchased to the call holder. In that scenario, the broker doesn’t have to buy shares at a higher price. That process is one way higher-than-average call buying can drive buying in the underlying stock.\nOther factors don’t seem to be at play. Wall Street, for example, can’t be credited with the rally. The average analystprice targetfor NIO stock is up about 1% over the past month and not much has happened to those targets since the companyreported earningsat the end of April. Looking back to that point, the average analyst price target has gone up about $1 to a little more than $59 a share.\nNews doesn’t seem to be a credible reason for NIO’s rally, either. The last release on NIO’s website is fromJune 1when the company reported May deliveries. Those numbers relieved investors because the electric vehicle company maintained second-quarter delivery guidance despite a global automotive semiconductor shortage that has roiled the entire industry.\nNIO shares are now up 1% year to date. It’s been a wild ride so far in 2021. Based on recent trading, the ride will continue.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":3918,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125863875,"gmtCreate":1624668118797,"gmtModify":1631890034800,"author":{"id":"3581814038363779","authorId":"3581814038363779","name":"Matthewlee","avatar":"https://static.tigerbbs.com/1b353e4b25bc0161b43146b622f27f99","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814038363779","idStr":"3581814038363779"},"themes":[],"title":"","htmlText":"Apple business model used to be amazing with strong barriers of entry. But now it seems that it is starting to decline in its Innovation and creativity","listText":"Apple business model used to be amazing with strong barriers of entry. But now it seems that it is starting to decline in its Innovation and creativity","text":"Apple business model used to be amazing with strong barriers of entry. But now it seems that it is starting to decline in its Innovation and creativity","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/125863875","repostId":"1108941456","repostType":4,"isVote":1,"tweetType":1,"viewCount":2096,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168888389,"gmtCreate":1623971449641,"gmtModify":1631890034809,"author":{"id":"3581814038363779","authorId":"3581814038363779","name":"Matthewlee","avatar":"https://static.tigerbbs.com/1b353e4b25bc0161b43146b622f27f99","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814038363779","idStr":"3581814038363779"},"themes":[],"title":"","htmlText":"The trend on tech stocks keep booming&nbsp;","listText":"The trend on tech stocks keep booming&nbsp;","text":"The trend on tech stocks keep booming","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/168888389","repostId":"2144286417","repostType":4,"isVote":1,"tweetType":1,"viewCount":2954,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184716814,"gmtCreate":1623724908238,"gmtModify":1631890034824,"author":{"id":"3581814038363779","authorId":"3581814038363779","name":"Matthewlee","avatar":"https://static.tigerbbs.com/1b353e4b25bc0161b43146b622f27f99","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814038363779","idStr":"3581814038363779"},"themes":[],"title":"","htmlText":"Anyone know the link for these meme rallies? Wondering what happened to make the share price rocket&nbsp;","listText":"Anyone know the link for these meme rallies? Wondering what happened to make the share price rocket&nbsp;","text":"Anyone know the link for these meme rallies? Wondering what happened to make the share price rocket","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/184716814","repostId":"1117313016","repostType":4,"repost":{"id":"1117313016","kind":"news","pubTimestamp":1623680913,"share":"https://www.laohunote.com/m/news/1117313016?lang=zh_CN&edition=full","pubTime":"2021-06-14 22:28","market":"us","language":"en","title":"Corsair Surges Amid Meme Rally; Jim Cramer Warns on High-Level Sellers<blockquote>海盗船在模因集会中激增；吉姆·克莱默警告高层卖家</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1117313016","media":"thestreet","summary":"Corsair Gaming  -Get Report shares surged higher Monday as the gaming and content equipment-maker appeared to add its name to the list of meme stock favorites.TheStreet's founder Jim Cramer, however, cautioned that such a steep rise for a fundamentally sound stock like Corsair would likely entice large-scale sellers at these levels.\"Corsair is a company I like very much, because it's basically a souped-up Logitech and Logitech's been a great stock\" Cramer told CNBC's Squawk on The Street program","content":"<p>Corsair Gaming&nbsp;(<b>CRSR</b>) -Get Report&nbsp;shares surged higher Monday as the gaming and content equipment-maker appeared to add its name to the list of meme stock favorites.</p><p><blockquote>海盗船游戏（<b>CRSR</b>) -Get Report 周一股价飙升，这家游戏和内容设备制造商似乎将其名字添加到最受欢迎的模因股票名单中。</blockquote></p><p> Data from theYolosocks.livewebsite, which tracks real-time mentions on stocks within Reddit's r/wallstreetbets chatroom, indicates that Corsair is the second most-discussed stock among users, up from a previous rank of 11, over the past 24 hours and more than 860 mentions.</p><p><blockquote>theYolosocks.livewebsite 跟踪 Reddit 的 r/wallstreetbets 聊天室中股票的实时提及情况，数据显示，Corsair 是用户讨论次数第二多的股票，从之前的第 11 名上升，在过去 24 小时内提及次数超过 860 次。</blockquote></p><p> TheStreet's founder Jim Cramer, however, cautioned that such a steep rise for a fundamentally sound stock like Corsair would likely entice large-scale sellers at these levels.</p><p><blockquote>然而，TheStreet 创始人吉姆·克莱默 (Jim Cramer) 警告说，对于像 Corsair 这样基本面稳健的股票来说，如此大幅上涨可能会吸引这些水平的大规模卖家。</blockquote></p><p> \"Corsair is a company I like very much, because it's basically a souped-up Logitech and Logitech's been a great stock\" Cramer told CNBC's Squawk on The Street program. \"They have the high-performance equipment you need to dominate in e-sports and I think e-sports are here to stay.\"</p><p><blockquote>克莱默在接受 CNBC 的 Squawk on The Street 节目采访时表示：“Corsair 是我非常喜欢的一家公司，因为它基本上是罗技的升级版，而罗技一直是一只很棒的股票。”“他们拥有在电子竞技中占据主导地位所需的高性能设备，我认为电子竞技将会继续存在。”</blockquote></p><p> \"I don't know why the 'meme' people have a monopoly on whatever they play with,\" Cramer said.&nbsp;\"No Wall Street analyst could move Corsair this much, so for people who've been waiting for the stock to go to $37 and now it's at $41, those people aren't going to turn buyers. They're sellers.\"</p><p><blockquote>“克莱默说：”我不知道为什么'迷因'人会垄断他们玩的任何东西。“没有一个华尔街分析师能对海盗船如此感兴趣，所以对于那些一直在等待股票涨到 37 美元，现在又涨到 41 美元的人来说，这些人不会成为买家。他们是卖家。”</blockquote></p><p> \"The meme people think they're hurting the hedge funds, when in fact they're a tool to the hedge funds,\" Cramer said.</p><p><blockquote>“人们认为模因正在伤害对冲基金，但事实上它们是对冲基金的工具，”克莱默说。</blockquote></p><p> Corsair shares were marked 19.3% higher in early trading Monday to change hands at $38.60 each -- after hitting a session high of $42.97 at the opening bell -- in a move that bumps the stock's year-to-date gain to around 12%.</p><p><blockquote>Corsair 股价在周一早盘交易中上涨 19.3%，易手至每股 38.60 美元，开盘时触及盘中高点 42.97 美元，此举将该股今年迄今的涨幅提升至 12% 左右。</blockquote></p><p> Last month, Corsair posted first quarter earnings of $80 million on revenues of $529 million thanks to surging growth in its gaming nd peripherals business, which saw sales rise by 132% when compared to last year.</p><p><blockquote>上个月，Corsair 公布第一季度盈利 8000 万美元，收入为 5.29 亿美元，这得益于其游戏和外围设备业务的激增增长，销售额比去年增长了 132%。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Corsair Surges Amid Meme Rally; Jim Cramer Warns on High-Level Sellers<blockquote>海盗船在模因集会中激增；吉姆·克莱默警告高层卖家</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCorsair Surges Amid Meme Rally; Jim Cramer Warns on High-Level Sellers<blockquote>海盗船在模因集会中激增；吉姆·克莱默警告高层卖家</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">thestreet</strong><span class=\"h-time small\">2021-06-14 22:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Corsair Gaming&nbsp;(<b>CRSR</b>) -Get Report&nbsp;shares surged higher Monday as the gaming and content equipment-maker appeared to add its name to the list of meme stock favorites.</p><p><blockquote>海盗船游戏（<b>CRSR</b>) -Get Report 周一股价飙升，这家游戏和内容设备制造商似乎将其名字添加到最受欢迎的模因股票名单中。</blockquote></p><p> Data from theYolosocks.livewebsite, which tracks real-time mentions on stocks within Reddit's r/wallstreetbets chatroom, indicates that Corsair is the second most-discussed stock among users, up from a previous rank of 11, over the past 24 hours and more than 860 mentions.</p><p><blockquote>theYolosocks.livewebsite 跟踪 Reddit 的 r/wallstreetbets 聊天室中股票的实时提及情况，数据显示，Corsair 是用户讨论次数第二多的股票，从之前的第 11 名上升，在过去 24 小时内提及次数超过 860 次。</blockquote></p><p> TheStreet's founder Jim Cramer, however, cautioned that such a steep rise for a fundamentally sound stock like Corsair would likely entice large-scale sellers at these levels.</p><p><blockquote>然而，TheStreet 创始人吉姆·克莱默 (Jim Cramer) 警告说，对于像 Corsair 这样基本面稳健的股票来说，如此大幅上涨可能会吸引这些水平的大规模卖家。</blockquote></p><p> \"Corsair is a company I like very much, because it's basically a souped-up Logitech and Logitech's been a great stock\" Cramer told CNBC's Squawk on The Street program. \"They have the high-performance equipment you need to dominate in e-sports and I think e-sports are here to stay.\"</p><p><blockquote>克莱默在接受 CNBC 的 Squawk on The Street 节目采访时表示：“Corsair 是我非常喜欢的一家公司，因为它基本上是罗技的升级版，而罗技一直是一只很棒的股票。”“他们拥有在电子竞技中占据主导地位所需的高性能设备，我认为电子竞技将会继续存在。”</blockquote></p><p> \"I don't know why the 'meme' people have a monopoly on whatever they play with,\" Cramer said.&nbsp;\"No Wall Street analyst could move Corsair this much, so for people who've been waiting for the stock to go to $37 and now it's at $41, those people aren't going to turn buyers. They're sellers.\"</p><p><blockquote>“克莱默说：”我不知道为什么'迷因'人会垄断他们玩的任何东西。“没有一个华尔街分析师能对海盗船如此感兴趣，所以对于那些一直在等待股票涨到 37 美元，现在又涨到 41 美元的人来说，这些人不会成为买家。他们是卖家。”</blockquote></p><p> \"The meme people think they're hurting the hedge funds, when in fact they're a tool to the hedge funds,\" Cramer said.</p><p><blockquote>“人们认为模因正在伤害对冲基金，但事实上它们是对冲基金的工具，”克莱默说。</blockquote></p><p> Corsair shares were marked 19.3% higher in early trading Monday to change hands at $38.60 each -- after hitting a session high of $42.97 at the opening bell -- in a move that bumps the stock's year-to-date gain to around 12%.</p><p><blockquote>Corsair 股价在周一早盘交易中上涨 19.3%，易手至每股 38.60 美元，开盘时触及盘中高点 42.97 美元，此举将该股今年迄今的涨幅提升至 12% 左右。</blockquote></p><p> Last month, Corsair posted first quarter earnings of $80 million on revenues of $529 million thanks to surging growth in its gaming nd peripherals business, which saw sales rise by 132% when compared to last year.</p><p><blockquote>上个月，Corsair 公布第一季度盈利 8000 万美元，收入为 5.29 亿美元，这得益于其游戏和外围设备业务的激增增长，销售额比去年增长了 132%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/corsair-surges-in-latest-meme-rally-jim-cramer-warns-on-sellers\">thestreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRSR":"Corsair Gaming, Inc."},"source_url":"https://www.thestreet.com/investing/corsair-surges-in-latest-meme-rally-jim-cramer-warns-on-sellers","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117313016","content_text":"Corsair Gaming (CRSR) -Get Report shares surged higher Monday as the gaming and content equipment-maker appeared to add its name to the list of meme stock favorites.\nData from theYolosocks.livewebsite, which tracks real-time mentions on stocks within Reddit's r/wallstreetbets chatroom, indicates that Corsair is the second most-discussed stock among users, up from a previous rank of 11, over the past 24 hours and more than 860 mentions.\nTheStreet's founder Jim Cramer, however, cautioned that such a steep rise for a fundamentally sound stock like Corsair would likely entice large-scale sellers at these levels.\n\"Corsair is a company I like very much, because it's basically a souped-up Logitech and Logitech's been a great stock\" Cramer told CNBC's Squawk on The Street program. \"They have the high-performance equipment you need to dominate in e-sports and I think e-sports are here to stay.\"\n\"I don't know why the 'meme' people have a monopoly on whatever they play with,\" Cramer said. \"No Wall Street analyst could move Corsair this much, so for people who've been waiting for the stock to go to $37 and now it's at $41, those people aren't going to turn buyers. They're sellers.\"\n\"The meme people think they're hurting the hedge funds, when in fact they're a tool to the hedge funds,\" Cramer said.\nCorsair shares were marked 19.3% higher in early trading Monday to change hands at $38.60 each -- after hitting a session high of $42.97 at the opening bell -- in a move that bumps the stock's year-to-date gain to around 12%.\nLast month, Corsair posted first quarter earnings of $80 million on revenues of $529 million thanks to surging growth in its gaming nd peripherals business, which saw sales rise by 132% when compared to last year.","news_type":1,"symbols_score_info":{"CRSR":0.9}},"isVote":1,"tweetType":1,"viewCount":3191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183102405,"gmtCreate":1623312708107,"gmtModify":1631890034836,"author":{"id":"3581814038363779","authorId":"3581814038363779","name":"Matthewlee","avatar":"https://static.tigerbbs.com/1b353e4b25bc0161b43146b622f27f99","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814038363779","idStr":"3581814038363779"},"themes":[],"title":"","htmlText":"If this is successful, Facebook stocks could well increase or vice versa","listText":"If this is successful, Facebook stocks could well increase or vice versa","text":"If this is successful, Facebook stocks could well increase or vice versa","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/183102405","repostId":"1107750677","repostType":4,"isVote":1,"tweetType":1,"viewCount":4039,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111028606,"gmtCreate":1622645179405,"gmtModify":1631890034859,"author":{"id":"3581814038363779","authorId":"3581814038363779","name":"Matthewlee","avatar":"https://static.tigerbbs.com/1b353e4b25bc0161b43146b622f27f99","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814038363779","idStr":"3581814038363779"},"themes":[],"title":"","htmlText":"I hope NIO will be in a league of its own with the current management","listText":"I hope NIO will be in a league of its own with the current management","text":"I hope NIO will be in a league of its own with the current management","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/111028606","repostId":"1128017388","repostType":4,"repost":{"id":"1128017388","kind":"news","pubTimestamp":1622618011,"share":"https://www.laohunote.com/m/news/1128017388?lang=zh_CN&edition=full","pubTime":"2021-06-02 15:13","market":"us","language":"en","title":"Where Will NIO Stock Be In 5 Years?<blockquote>5年后蔚来股票会在哪里？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1128017388","media":"seekingalpha","summary":"Summary\n\nNIO is a high-growth Chinese EV player with attractive products.\nIts BaaS technology provid","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>NIO is a high-growth Chinese EV player with attractive products.</li>  <li>Its BaaS technology provides a USP that should help NIO gain market share in the coming years.</li>  <li>NIO is trading at a high valuation, and a lot of future growth is priced in already. Investors may have to be patient to see the growth story play out.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/215963a081072a260aa40bbb8991be26\" tg-width=\"1536\" tg-height=\"1152\" referrerpolicy=\"no-referrer\"><span>Photo by Andy Feng/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>蔚来是一家高增长的中国电动汽车制造商，拥有极具吸引力的产品。</li><li>其BaaS技术提供了一个USP，应该有助于蔚来在未来几年获得市场份额。</li><li>蔚来的估值很高，未来的增长已经被消化了。投资者可能必须耐心等待增长故事的展开。</li></ul><p class=\"t-img-caption\"><span>摄影：Andy Feng/iStock 社论来自 Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> NIO (NIO) is a high-growth EV pure-play with unique offerings such as battery-as-a-service. The company enjoys growth tailwinds in its home market China and will increase its presence in overseas markets dramatically in the coming years. NIO is not as expensive as some other EV stocks, but shares are, on the other hand, still trading at a steep premium compared to how legacy auto companies are valued. Overall, NIO could return significant amounts of money in the coming years, but that is not a certainty, and investors should keep an eye on NIO's risk factors.</p><p><blockquote>蔚来（蔚来）是一家高增长的纯电动汽车公司，提供电池即服务等独特产品。该公司在其国内市场中国享有增长顺风，并将在未来几年大幅增加其在海外市场的份额。蔚来的股价不像其他一些电动汽车股票那么贵，但另一方面，与传统汽车公司的估值相比，其股价仍然大幅溢价。总体而言，蔚来可能会在未来几年返还大量资金，但这并不确定，投资者应密切关注蔚来的风险因素。</blockquote></p><p> <b>NIO Stock Price</b></p><p><blockquote><b>蔚来股价</b></blockquote></p><p> NIO, Inc. is one of China's leading EV pure-plays, and that is reflected in its current valuation:</p><p><blockquote>蔚来是中国领先的纯电动汽车公司之一，这反映在其当前的估值中：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/335372a846d2b847c5006c47a65abf2d\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> At slightly below $40, NIO is valued at more than $60 billion right now. This is about 40% less than the valuation shares have traded at when they peaked in early 2021, which reflects the declining enthusiasm for EV stocks, as most of NIO's peers, including Tesla (TSLA), have seen their shares come back as well. Still, for reference, NIO is valued around the same level as Ford (F) - which is a way larger company for now, in terms of revenue and vehicle sales.</p><p><blockquote>蔚来的估值略低于 40 美元，目前已超过 600 亿美元。这比该股在 2021 年初达到峰值时的估值低约 40%，这反映出人们对电动汽车股票的热情正在下降，因为包括特斯拉 (TSLA) 在内的大多数蔚来同行的股价也出现了回升。不过，作为参考，蔚来的估值与福特 (F) 大致相同——就收入和汽车销量而言，福特目前是一家规模更大的公司。</blockquote></p><p> <b>Is NIO A Good Long-Term Stock?</b></p><p><blockquote><b>蔚来是一只好的长期股票吗？</b></blockquote></p><p> NIO is active in the high-growth EV market and thus benefits a lot from market growth tailwinds. On top of that, NIO also has an attractive product portfolio that includes well-received models such as the ES6 and ES8 SUVs. What differentiates NIO from most other EV companies is its battery-swapping technology that allows consumers to get a fully-charged battery in a couple of minutes when visiting one of NIO's battery-swapping stations.</p><p><blockquote>蔚来活跃于高增长的电动汽车市场，因此从市场增长的顺风中受益匪浅。最重要的是，蔚来还拥有极具吸引力的产品组合，其中包括 ES6 和 ES8 SUV 等广受好评的车型。蔚来与大多数其他电动汽车公司的不同之处在于其电池更换技术，该技术允许消费者在参观蔚来汽车的换电站时在几分钟内获得充满电的电池。</blockquote></p><p> This means that the downtime when doing longer trips via an EV is reduced dramatically, as a battery-swap takes roughly as much time as refueling an ICE-powered car, whereas recharging most EVs takes well more than a couple of minutes. NIO's battery-swapping stations are being built out around China right now, although there is no meaningful footprint outside of NIO's home market yet.</p><p><blockquote>这意味着通过电动汽车进行长途旅行时的停机时间会大大减少，因为更换电池所需的时间大约与为内燃机驱动的汽车加油一样多，而为大多数电动汽车充电所需的时间远远超过几分钟。蔚来的换电站目前正在中国各地建设，尽管在蔚来本土市场之外还没有有意义的足迹。</blockquote></p><p> Still, NIO plans to roll out that service in international markets over the years, and once there is a large enough footprint of them to make a difference, this should be a unique selling point for NIO that will help differentiate its offerings from those of most peers. This could, I believe, result in further market share gains, which is why I wouldn't be surprised to see NIO grow at a rapid pace for the coming years.</p><p><blockquote>尽管如此，蔚来计划在未来几年内在国际市场推出这项服务，一旦有足够大的足迹来发挥作用，这应该是蔚来的一个独特卖点，有助于将其产品与大多数同行区分开来。我相信，这可能会导致市场份额进一步增长，这就是为什么我不会对蔚来在未来几年快速增长感到惊讶。</blockquote></p><p> For 2021, NIO will likely deliver revenue growth of more than 100% on the back of strong deliveries growth, as the analyst community is currently forecasting a 130% revenue increase this year. For Q2, NIO is expecting a growth rate of&nbsp;around 110%&nbsp;for its deliveries, following a massive 480% revenue increase during the first quarter. NIO thus is growing quicker than the EV market as a whole, and also quicker than peers such as Tesla, which will grow by around 50%-60% this year, according to the analyst community, which is about half the growth rate that is expected for NIO this year.</p><p><blockquote>2021 年，由于交付量强劲增长，蔚来的收入可能会增长 100% 以上，因为分析师界目前预测今年的收入将增长 130%。继第一季度收入大幅增长 480% 之后，蔚来预计第二季度的交付量增长率将达到 110% 左右。因此，蔚来的增长速度快于整个电动汽车市场，也快于特斯拉等同行，据分析师界称，特斯拉今年的增长速度将达到50%-60%左右，约为蔚来今年预期增长率的一半。</blockquote></p><p> Maintaining 100%+ growth forever is, of course, not possible, and NIO's growth will decline from that level in the coming years. But due to the fact that its products are well-liked in its home market, while the company is also ambitiously planning a major entry into the&nbsp;large European EV market, NIO should still deliver very considerable growth in the coming years.</p><p><blockquote>当然，永远保持100%+的增长是不可能的，未来几年蔚来的增长将从这个水平下降。但由于其产品在国内市场广受欢迎，同时该公司还雄心勃勃地计划大举进军欧洲大型电动汽车市场，蔚来在未来几年仍将实现非常可观的增长。</blockquote></p><p> Obvious growth tailwinds for a company, or even an industry, do not necessarily equate to massive share price upside, however. Investors should consider that NIO will, like all auto companies, be active in a cyclical, capital-intense industry where margins, on average, are not very high. This doesn't mean that NIO does not have long-term upside, but investors should keep in mind that a home run is not guaranteed when investing in NIO or other EV stocks - despite the fact that EV sales are growing quickly.</p><p><blockquote>然而，对于一家公司甚至一个行业来说，明显的增长顺风并不一定等同于股价的巨大上涨空间。投资者应该考虑到，蔚来将像所有汽车公司一样，活跃在一个周期性、资本密集型的行业，平均利润率不是很高。这并不意味着蔚来没有长期上涨空间，但投资者应该记住，在投资蔚来或其他电动汽车股票时，并不能保证全垒打——尽管电动汽车销量正在快速增长。</blockquote></p><p> <b>NIO Stock Forecast In 5 Years</b></p><p><blockquote><b>5年后蔚来股票预测</b></blockquote></p><p></p><p> NIO will grow its revenues by more than 100% this year, according to most estimates, but growth projections beyond that point are varying a lot more. Looking at 2022, for example, the analyst consensus for NIO's revenues is $8.7 billion, which would reflect a 78% increase versus the consensus for 2021. Estimates are in a wide range, however, as analyst estimates range from $7.3 billion to $11.9 billion in revenue in 2022.</p><p><blockquote>根据大多数人的估计，蔚来今年的收入将增长 100% 以上，但除此之外的增长预测差异更大。以 2022 年为例，分析师对蔚来汽车收入的共识为 87 亿美元，比 2021 年的共识增长了 78%。然而，估计范围很广，分析师估计 2022 年收入在 73 亿美元至 119 亿美元之间。</blockquote></p><p> In other words, the most bullish estimates see NIO deliver 60% higher revenues than the most bearish estimates. Since these estimates are being made for 2022 - just one year from now - this wide discrepancy shows how hard it is to forecast exact revenue or earnings numbers for a company like NIO.</p><p><blockquote>换句话说，最乐观的估计是蔚来的收入比最悲观的估计高出 60%。由于这些估计是针对 2022 年（距离现在只有一年时间）做出的，这种巨大的差异表明，对于像蔚来这样的公司来说，预测准确的收入或盈利数字是多么困难。</blockquote></p><p> For my estimate for 2025's revenues, I'll go with the analyst consensus for 2022, i.e. $8.7 billion, and then assume that revenues will grow at 1.5x the forecasted overall&nbsp;market growth rate of 27%&nbsp;in 2023, 2024, 2025, and 2026. This would get us to $34 billion in revenue in 2026, i.e. five years from now. Since analysts are currently forecasting that revenue will grow by 110% this year, and by around 80% next year, some readers may argue that a 40% growth rate estimate for 2023-2026 is too conservative. But the major unknowns and uncertainties around competitive pressures, government policies, etc., mean that I think that projecting a higher growth rate for many years in advance might be too optimistic.</p><p><blockquote>对于我对 2025 年收入的估计，我将遵循分析师对 2022 年的共识，即 87 亿美元，然后假设收入将增长 2023 年、2024 年、2025 年和 2026 年预测整体市场增长率 27% 的 1.5 倍。这将使我们在 2026 年（即五年后）的收入达到 340 亿美元。由于分析师目前预测今年收入将增长 110%，明年将增长 80% 左右，一些读者可能会认为 2023-2026 年 40% 的增长率预测过于保守。但围绕竞争压力、政府政策等的主要未知和不确定性。，意味着我认为提前多年预测更高的增长率可能过于乐观。</blockquote></p><p> What might a $34 billion top line mean for NIO's stock price? Right now, shares are valued at 11.6x this year's expected sales, which is almost perfectly in line with the valuation of XPeng (XPEV), and slightly lower than that of Tesla:</p><p><blockquote>340亿美元的营收对蔚来的股价意味着什么？目前，该股估值为今年预期销售额的11.6倍，几乎与小鹏汽车（XPEV）的估值完全一致，略低于特斯拉：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ae661b708eec89bcb50b06a1b6947280\" tg-width=\"635\" tg-height=\"501\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Looking at 2022, we see that shares are valued at around 7x expected revenues right now, whereas XPeng and Tesla trade at 6x and 9x their expected revenues right now. I highly doubt that the average EV company will be trading at high single-digit or even double-digit sales multiples in 2026, as this is just too much of a difference versus the 0.5-2x revenue multiples that legacy auto companies usually trade at. But when we assume that NIO, as an EV pure-play, will still trade at a premium to legacy auto in the middle of the 2020s, a 3x or 4x sales multiple might be a realistic estimate.</p><p><blockquote>展望 2022 年，我们看到目前的股价估值约为预期收入的 7 倍，而小鹏汽车和特斯拉目前的交易价格分别是预期收入的 6 倍和 9 倍。我非常怀疑到 2026 年，普通电动汽车公司的销售倍数能否达到个位数甚至两位数，因为这与传统汽车公司通常的 0.5-2 倍收入倍数相比差异太大了。但当我们假设蔚来作为纯电动汽车，在 2020 年代中期仍将以高于传统汽车的价格进行交易时，3 倍或 4 倍的销售倍数可能是一个现实的估计。</blockquote></p><p> When we go with 3.5x our revenue forecast for 2026, that would equate to a market capitalization of 119 billion - about 90% more than NIO's current market capitalization. NIO's share count has not been constant, however, and has, in fact, been rising considerably in the past. When we assume that the share count will rise by another 20% through 2026, to 1.9 billion, then shares would trade at $61 in 2026. This would mean that shares have an upside potential of around 55% over the next five years, or about 9% annually.</p><p><blockquote>当我们将 2026 年收入预测提高 3.5 倍时，这相当于 1190 亿美元的市值，比蔚来目前的市值高出约 90%。然而，蔚来的股票数量并不是一成不变的，事实上，过去一直在大幅上升。如果我们假设到 2026 年股票数量将再增加 20%，达到 19 亿股，那么 2026 年股票的交易价格将为 61 美元。这意味着未来五年该股的上涨潜力约为 55%，即每年约 9%。</blockquote></p><p> That is not at all unattractive, but it also isn't an absolutely outstanding return. On top of that, NIO, like many other EV startups, is a company with above-average volatility, above-average risks, and above-average uncertainties. I thus would not call NIO overly attractive at current prices, as the forecasted return is solid, but goes hand in hand with considerable risks/uncertainties. One can, of course, argue that the forecasted growth is too high, or too low, or that the target sales multiple should be different in 2026. As a base case scenario, I feel like this is reasonable, however.</p><p><blockquote>这并非完全没有吸引力，但也不是绝对出色的回报。最重要的是，蔚来与许多其他电动汽车初创公司一样，是一家波动性高于平均水平、风险高于平均水平和不确定性高于平均水平的公司。因此，我不会认为看涨期权·蔚来在当前价格下过于有吸引力，因为预测回报是可靠的，但伴随着相当大的风险/不确定性。当然，有人可能会说预测的增长太高或太低，或者 2026 年的目标销售倍数应该有所不同。然而，作为一个基本情况，我觉得这是合理的。</blockquote></p><p> <b>Is NIO Stock A Buy Now?</b></p><p><blockquote><b>蔚来股票现在值得买入吗？</b></blockquote></p><p> In retrospect, it is pretty clear that NIO at $10 about a year ago was a great opportunity, and that buying NIO at $67 at the peak earlier this year was a pretty bad decision. NIO today, in the high $30s, is somewhere in between these two extremes. I believe that, for long-term investors, NIO has a good chance of delivering solid returns over the years. At the same time, however, a lot of growth is priced into the stock right now, and it is not possible to forecast what competitors will do over the coming years, how accommodating governments will be to EVs, how well the rollout in Europe and other international markets will go, etc.</p><p><blockquote>回想起来，很明显，大约一年前 10 美元的蔚来是一个很好的机会，而今年早些时候在峰值时以 67 美元的价格购买蔚来是一个非常糟糕的决定。如今，蔚来的价格高达 30 美元，介于这两个极端之间。我相信，对于长期投资者来说，蔚来很有可能在未来几年内带来丰厚的回报。然而，与此同时，该股目前已被视为大幅增长，无法预测竞争对手在未来几年会做什么、政府对电动汽车的容忍度如何、在欧洲和其他国际市场的推广情况如何等等。</blockquote></p><p> I think NIO is more attractive than many other EV companies today, including many of the EV startups that don't have any viable products yet, and also versus Tesla (which is growing slower and still trades at a higher valuation). I would not be surprised to see NIO's stock deliver solid returns during the 2020s. I don't think that NIO is an absolute no-brainer buy today, however, as NIO still trades at a quite high valuation, for now, even factoring in its strong growth.</p><p><blockquote>我认为蔚来比当今许多其他电动汽车公司更具吸引力，包括许多尚未拥有任何可行产品的电动汽车初创公司，也比特斯拉（增长速度较慢，估值仍然较高）更具吸引力。如果蔚来汽车的股票在 2020 年代取得稳健的回报，我不会感到惊讶。然而，我认为今天购买蔚来并不是绝对显而易见的，因为蔚来目前的估值仍然很高，即使考虑到其强劲的增长。</blockquote></p><p></p><p> For those that are enterprising and do not mind the risks and uncertainties around future product launches and international expansion, the stock's volatility, and so on, NIO could be a buy today. But it is not a good choice for everyone, and some may want to watch the EV race from the sidelines instead of putting money at risk at current valuations.</p><p><blockquote>对于那些有进取心、不介意未来产品推出和国际扩张的风险和不确定性、股票波动性等的人来说，蔚来今天可能值得买入。但这并不是每个人的好选择，有些人可能想在场外观看电动汽车竞赛，而不是以当前的估值将资金置于风险之中。</blockquote></p><p> The current analyst consensus share price target is $59, but I personally do not think this is realistic in the very near term. Based on expected revenues for 2021, this would put NIO at an 18x sales multiple, which is, I believe, not justified. Over the next five years, however, a share price in that region seems achievable, I believe.</p><p><blockquote>目前分析师一致的股价目标是59美元，但我个人认为这在短期内是不现实的。根据 2021 年的预期收入，这将使蔚来的销售倍数达到 18 倍，我认为这是不合理的。然而，我相信，在未来五年内，该地区的股价似乎是可以实现的。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Where Will NIO Stock Be In 5 Years?<blockquote>5年后蔚来股票会在哪里？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhere Will NIO Stock Be In 5 Years?<blockquote>5年后蔚来股票会在哪里？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-02 15:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>NIO is a high-growth Chinese EV player with attractive products.</li>  <li>Its BaaS technology provides a USP that should help NIO gain market share in the coming years.</li>  <li>NIO is trading at a high valuation, and a lot of future growth is priced in already. Investors may have to be patient to see the growth story play out.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/215963a081072a260aa40bbb8991be26\" tg-width=\"1536\" tg-height=\"1152\" referrerpolicy=\"no-referrer\"><span>Photo by Andy Feng/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>蔚来是一家高增长的中国电动汽车制造商，拥有极具吸引力的产品。</li><li>其BaaS技术提供了一个USP，应该有助于蔚来在未来几年获得市场份额。</li><li>蔚来的估值很高，未来的增长已经被消化了。投资者可能必须耐心等待增长故事的展开。</li></ul><p class=\"t-img-caption\"><span>摄影：Andy Feng/iStock 社论来自 Getty Images</span></p></blockquote></p><p> <b>Article Thesis</b></p><p><blockquote><b>文章论文</b></blockquote></p><p> NIO (NIO) is a high-growth EV pure-play with unique offerings such as battery-as-a-service. The company enjoys growth tailwinds in its home market China and will increase its presence in overseas markets dramatically in the coming years. NIO is not as expensive as some other EV stocks, but shares are, on the other hand, still trading at a steep premium compared to how legacy auto companies are valued. Overall, NIO could return significant amounts of money in the coming years, but that is not a certainty, and investors should keep an eye on NIO's risk factors.</p><p><blockquote>蔚来（蔚来）是一家高增长的纯电动汽车公司，提供电池即服务等独特产品。该公司在其国内市场中国享有增长顺风，并将在未来几年大幅增加其在海外市场的份额。蔚来的股价不像其他一些电动汽车股票那么贵，但另一方面，与传统汽车公司的估值相比，其股价仍然大幅溢价。总体而言，蔚来可能会在未来几年返还大量资金，但这并不确定，投资者应密切关注蔚来的风险因素。</blockquote></p><p> <b>NIO Stock Price</b></p><p><blockquote><b>蔚来股价</b></blockquote></p><p> NIO, Inc. is one of China's leading EV pure-plays, and that is reflected in its current valuation:</p><p><blockquote>蔚来是中国领先的纯电动汽车公司之一，这反映在其当前的估值中：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/335372a846d2b847c5006c47a65abf2d\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> At slightly below $40, NIO is valued at more than $60 billion right now. This is about 40% less than the valuation shares have traded at when they peaked in early 2021, which reflects the declining enthusiasm for EV stocks, as most of NIO's peers, including Tesla (TSLA), have seen their shares come back as well. Still, for reference, NIO is valued around the same level as Ford (F) - which is a way larger company for now, in terms of revenue and vehicle sales.</p><p><blockquote>蔚来的估值略低于 40 美元，目前已超过 600 亿美元。这比该股在 2021 年初达到峰值时的估值低约 40%，这反映出人们对电动汽车股票的热情正在下降，因为包括特斯拉 (TSLA) 在内的大多数蔚来同行的股价也出现了回升。不过，作为参考，蔚来的估值与福特 (F) 大致相同——就收入和汽车销量而言，福特目前是一家规模更大的公司。</blockquote></p><p> <b>Is NIO A Good Long-Term Stock?</b></p><p><blockquote><b>蔚来是一只好的长期股票吗？</b></blockquote></p><p> NIO is active in the high-growth EV market and thus benefits a lot from market growth tailwinds. On top of that, NIO also has an attractive product portfolio that includes well-received models such as the ES6 and ES8 SUVs. What differentiates NIO from most other EV companies is its battery-swapping technology that allows consumers to get a fully-charged battery in a couple of minutes when visiting one of NIO's battery-swapping stations.</p><p><blockquote>蔚来活跃于高增长的电动汽车市场，因此从市场增长的顺风中受益匪浅。最重要的是，蔚来还拥有极具吸引力的产品组合，其中包括 ES6 和 ES8 SUV 等广受好评的车型。蔚来与大多数其他电动汽车公司的不同之处在于其电池更换技术，该技术允许消费者在参观蔚来汽车的换电站时在几分钟内获得充满电的电池。</blockquote></p><p> This means that the downtime when doing longer trips via an EV is reduced dramatically, as a battery-swap takes roughly as much time as refueling an ICE-powered car, whereas recharging most EVs takes well more than a couple of minutes. NIO's battery-swapping stations are being built out around China right now, although there is no meaningful footprint outside of NIO's home market yet.</p><p><blockquote>这意味着通过电动汽车进行长途旅行时的停机时间会大大减少，因为更换电池所需的时间大约与为内燃机驱动的汽车加油一样多，而为大多数电动汽车充电所需的时间远远超过几分钟。蔚来的换电站目前正在中国各地建设，尽管在蔚来本土市场之外还没有有意义的足迹。</blockquote></p><p> Still, NIO plans to roll out that service in international markets over the years, and once there is a large enough footprint of them to make a difference, this should be a unique selling point for NIO that will help differentiate its offerings from those of most peers. This could, I believe, result in further market share gains, which is why I wouldn't be surprised to see NIO grow at a rapid pace for the coming years.</p><p><blockquote>尽管如此，蔚来计划在未来几年内在国际市场推出这项服务，一旦有足够大的足迹来发挥作用，这应该是蔚来的一个独特卖点，有助于将其产品与大多数同行区分开来。我相信，这可能会导致市场份额进一步增长，这就是为什么我不会对蔚来在未来几年快速增长感到惊讶。</blockquote></p><p> For 2021, NIO will likely deliver revenue growth of more than 100% on the back of strong deliveries growth, as the analyst community is currently forecasting a 130% revenue increase this year. For Q2, NIO is expecting a growth rate of&nbsp;around 110%&nbsp;for its deliveries, following a massive 480% revenue increase during the first quarter. NIO thus is growing quicker than the EV market as a whole, and also quicker than peers such as Tesla, which will grow by around 50%-60% this year, according to the analyst community, which is about half the growth rate that is expected for NIO this year.</p><p><blockquote>2021 年，由于交付量强劲增长，蔚来的收入可能会增长 100% 以上，因为分析师界目前预测今年的收入将增长 130%。继第一季度收入大幅增长 480% 之后，蔚来预计第二季度的交付量增长率将达到 110% 左右。因此，蔚来的增长速度快于整个电动汽车市场，也快于特斯拉等同行，据分析师界称，特斯拉今年的增长速度将达到50%-60%左右，约为蔚来今年预期增长率的一半。</blockquote></p><p> Maintaining 100%+ growth forever is, of course, not possible, and NIO's growth will decline from that level in the coming years. But due to the fact that its products are well-liked in its home market, while the company is also ambitiously planning a major entry into the&nbsp;large European EV market, NIO should still deliver very considerable growth in the coming years.</p><p><blockquote>当然，永远保持100%+的增长是不可能的，未来几年蔚来的增长将从这个水平下降。但由于其产品在国内市场广受欢迎，同时该公司还雄心勃勃地计划大举进军欧洲大型电动汽车市场，蔚来在未来几年仍将实现非常可观的增长。</blockquote></p><p> Obvious growth tailwinds for a company, or even an industry, do not necessarily equate to massive share price upside, however. Investors should consider that NIO will, like all auto companies, be active in a cyclical, capital-intense industry where margins, on average, are not very high. This doesn't mean that NIO does not have long-term upside, but investors should keep in mind that a home run is not guaranteed when investing in NIO or other EV stocks - despite the fact that EV sales are growing quickly.</p><p><blockquote>然而，对于一家公司甚至一个行业来说，明显的增长顺风并不一定等同于股价的巨大上涨空间。投资者应该考虑到，蔚来将像所有汽车公司一样，活跃在一个周期性、资本密集型的行业，平均利润率不是很高。这并不意味着蔚来没有长期上涨空间，但投资者应该记住，在投资蔚来或其他电动汽车股票时，并不能保证全垒打——尽管电动汽车销量正在快速增长。</blockquote></p><p> <b>NIO Stock Forecast In 5 Years</b></p><p><blockquote><b>5年后蔚来股票预测</b></blockquote></p><p></p><p> NIO will grow its revenues by more than 100% this year, according to most estimates, but growth projections beyond that point are varying a lot more. Looking at 2022, for example, the analyst consensus for NIO's revenues is $8.7 billion, which would reflect a 78% increase versus the consensus for 2021. Estimates are in a wide range, however, as analyst estimates range from $7.3 billion to $11.9 billion in revenue in 2022.</p><p><blockquote>根据大多数人的估计，蔚来今年的收入将增长 100% 以上，但除此之外的增长预测差异更大。以 2022 年为例，分析师对蔚来汽车收入的共识为 87 亿美元，比 2021 年的共识增长了 78%。然而，估计范围很广，分析师估计 2022 年收入在 73 亿美元至 119 亿美元之间。</blockquote></p><p> In other words, the most bullish estimates see NIO deliver 60% higher revenues than the most bearish estimates. Since these estimates are being made for 2022 - just one year from now - this wide discrepancy shows how hard it is to forecast exact revenue or earnings numbers for a company like NIO.</p><p><blockquote>换句话说，最乐观的估计是蔚来的收入比最悲观的估计高出 60%。由于这些估计是针对 2022 年（距离现在只有一年时间）做出的，这种巨大的差异表明，对于像蔚来这样的公司来说，预测准确的收入或盈利数字是多么困难。</blockquote></p><p> For my estimate for 2025's revenues, I'll go with the analyst consensus for 2022, i.e. $8.7 billion, and then assume that revenues will grow at 1.5x the forecasted overall&nbsp;market growth rate of 27%&nbsp;in 2023, 2024, 2025, and 2026. This would get us to $34 billion in revenue in 2026, i.e. five years from now. Since analysts are currently forecasting that revenue will grow by 110% this year, and by around 80% next year, some readers may argue that a 40% growth rate estimate for 2023-2026 is too conservative. But the major unknowns and uncertainties around competitive pressures, government policies, etc., mean that I think that projecting a higher growth rate for many years in advance might be too optimistic.</p><p><blockquote>对于我对 2025 年收入的估计，我将遵循分析师对 2022 年的共识，即 87 亿美元，然后假设收入将增长 2023 年、2024 年、2025 年和 2026 年预测整体市场增长率 27% 的 1.5 倍。这将使我们在 2026 年（即五年后）的收入达到 340 亿美元。由于分析师目前预测今年收入将增长 110%，明年将增长 80% 左右，一些读者可能会认为 2023-2026 年 40% 的增长率预测过于保守。但围绕竞争压力、政府政策等的主要未知和不确定性。，意味着我认为提前多年预测更高的增长率可能过于乐观。</blockquote></p><p> What might a $34 billion top line mean for NIO's stock price? Right now, shares are valued at 11.6x this year's expected sales, which is almost perfectly in line with the valuation of XPeng (XPEV), and slightly lower than that of Tesla:</p><p><blockquote>340亿美元的营收对蔚来的股价意味着什么？目前，该股估值为今年预期销售额的11.6倍，几乎与小鹏汽车（XPEV）的估值完全一致，略低于特斯拉：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ae661b708eec89bcb50b06a1b6947280\" tg-width=\"635\" tg-height=\"501\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据由YCharts提供</span></p></blockquote></p><p> Looking at 2022, we see that shares are valued at around 7x expected revenues right now, whereas XPeng and Tesla trade at 6x and 9x their expected revenues right now. I highly doubt that the average EV company will be trading at high single-digit or even double-digit sales multiples in 2026, as this is just too much of a difference versus the 0.5-2x revenue multiples that legacy auto companies usually trade at. But when we assume that NIO, as an EV pure-play, will still trade at a premium to legacy auto in the middle of the 2020s, a 3x or 4x sales multiple might be a realistic estimate.</p><p><blockquote>展望 2022 年，我们看到目前的股价估值约为预期收入的 7 倍，而小鹏汽车和特斯拉目前的交易价格分别是预期收入的 6 倍和 9 倍。我非常怀疑到 2026 年，普通电动汽车公司的销售倍数能否达到个位数甚至两位数，因为这与传统汽车公司通常的 0.5-2 倍收入倍数相比差异太大了。但当我们假设蔚来作为纯电动汽车，在 2020 年代中期仍将以高于传统汽车的价格进行交易时，3 倍或 4 倍的销售倍数可能是一个现实的估计。</blockquote></p><p> When we go with 3.5x our revenue forecast for 2026, that would equate to a market capitalization of 119 billion - about 90% more than NIO's current market capitalization. NIO's share count has not been constant, however, and has, in fact, been rising considerably in the past. When we assume that the share count will rise by another 20% through 2026, to 1.9 billion, then shares would trade at $61 in 2026. This would mean that shares have an upside potential of around 55% over the next five years, or about 9% annually.</p><p><blockquote>当我们将 2026 年收入预测提高 3.5 倍时，这相当于 1190 亿美元的市值，比蔚来目前的市值高出约 90%。然而，蔚来的股票数量并不是一成不变的，事实上，过去一直在大幅上升。如果我们假设到 2026 年股票数量将再增加 20%，达到 19 亿股，那么 2026 年股票的交易价格将为 61 美元。这意味着未来五年该股的上涨潜力约为 55%，即每年约 9%。</blockquote></p><p> That is not at all unattractive, but it also isn't an absolutely outstanding return. On top of that, NIO, like many other EV startups, is a company with above-average volatility, above-average risks, and above-average uncertainties. I thus would not call NIO overly attractive at current prices, as the forecasted return is solid, but goes hand in hand with considerable risks/uncertainties. One can, of course, argue that the forecasted growth is too high, or too low, or that the target sales multiple should be different in 2026. As a base case scenario, I feel like this is reasonable, however.</p><p><blockquote>这并非完全没有吸引力，但也不是绝对出色的回报。最重要的是，蔚来与许多其他电动汽车初创公司一样，是一家波动性高于平均水平、风险高于平均水平和不确定性高于平均水平的公司。因此，我不会认为看涨期权·蔚来在当前价格下过于有吸引力，因为预测回报是可靠的，但伴随着相当大的风险/不确定性。当然，有人可能会说预测的增长太高或太低，或者 2026 年的目标销售倍数应该有所不同。然而，作为一个基本情况，我觉得这是合理的。</blockquote></p><p> <b>Is NIO Stock A Buy Now?</b></p><p><blockquote><b>蔚来股票现在值得买入吗？</b></blockquote></p><p> In retrospect, it is pretty clear that NIO at $10 about a year ago was a great opportunity, and that buying NIO at $67 at the peak earlier this year was a pretty bad decision. NIO today, in the high $30s, is somewhere in between these two extremes. I believe that, for long-term investors, NIO has a good chance of delivering solid returns over the years. At the same time, however, a lot of growth is priced into the stock right now, and it is not possible to forecast what competitors will do over the coming years, how accommodating governments will be to EVs, how well the rollout in Europe and other international markets will go, etc.</p><p><blockquote>回想起来，很明显，大约一年前 10 美元的蔚来是一个很好的机会，而今年早些时候在峰值时以 67 美元的价格购买蔚来是一个非常糟糕的决定。如今，蔚来的价格高达 30 美元，介于这两个极端之间。我相信，对于长期投资者来说，蔚来很有可能在未来几年内带来丰厚的回报。然而，与此同时，该股目前已被视为大幅增长，无法预测竞争对手在未来几年会做什么、政府对电动汽车的容忍度如何、在欧洲和其他国际市场的推广情况如何等等。</blockquote></p><p> I think NIO is more attractive than many other EV companies today, including many of the EV startups that don't have any viable products yet, and also versus Tesla (which is growing slower and still trades at a higher valuation). I would not be surprised to see NIO's stock deliver solid returns during the 2020s. I don't think that NIO is an absolute no-brainer buy today, however, as NIO still trades at a quite high valuation, for now, even factoring in its strong growth.</p><p><blockquote>我认为蔚来比当今许多其他电动汽车公司更具吸引力，包括许多尚未拥有任何可行产品的电动汽车初创公司，也比特斯拉（增长速度较慢，估值仍然较高）更具吸引力。如果蔚来汽车的股票在 2020 年代取得稳健的回报，我不会感到惊讶。然而，我认为今天购买蔚来并不是绝对显而易见的，因为蔚来目前的估值仍然很高，即使考虑到其强劲的增长。</blockquote></p><p></p><p> For those that are enterprising and do not mind the risks and uncertainties around future product launches and international expansion, the stock's volatility, and so on, NIO could be a buy today. But it is not a good choice for everyone, and some may want to watch the EV race from the sidelines instead of putting money at risk at current valuations.</p><p><blockquote>对于那些有进取心、不介意未来产品推出和国际扩张的风险和不确定性、股票波动性等的人来说，蔚来今天可能值得买入。但这并不是每个人的好选择，有些人可能想在场外观看电动汽车竞赛，而不是以当前的估值将资金置于风险之中。</blockquote></p><p> The current analyst consensus share price target is $59, but I personally do not think this is realistic in the very near term. Based on expected revenues for 2021, this would put NIO at an 18x sales multiple, which is, I believe, not justified. Over the next five years, however, a share price in that region seems achievable, I believe.</p><p><blockquote>目前分析师一致的股价目标是59美元，但我个人认为这在短期内是不现实的。根据 2021 年的预期收入，这将使蔚来的销售倍数达到 18 倍，我认为这是不合理的。然而，我相信，在未来五年内，该地区的股价似乎是可以实现的。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4432423-nio-stock-in-5-years\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"source_url":"https://seekingalpha.com/article/4432423-nio-stock-in-5-years","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128017388","content_text":"Summary\n\nNIO is a high-growth Chinese EV player with attractive products.\nIts BaaS technology provides a USP that should help NIO gain market share in the coming years.\nNIO is trading at a high valuation, and a lot of future growth is priced in already. Investors may have to be patient to see the growth story play out.\n\nPhoto by Andy Feng/iStock Editorial via Getty Images\nArticle Thesis\nNIO (NIO) is a high-growth EV pure-play with unique offerings such as battery-as-a-service. The company enjoys growth tailwinds in its home market China and will increase its presence in overseas markets dramatically in the coming years. NIO is not as expensive as some other EV stocks, but shares are, on the other hand, still trading at a steep premium compared to how legacy auto companies are valued. Overall, NIO could return significant amounts of money in the coming years, but that is not a certainty, and investors should keep an eye on NIO's risk factors.\nNIO Stock Price\nNIO, Inc. is one of China's leading EV pure-plays, and that is reflected in its current valuation:\nData by YCharts\nAt slightly below $40, NIO is valued at more than $60 billion right now. This is about 40% less than the valuation shares have traded at when they peaked in early 2021, which reflects the declining enthusiasm for EV stocks, as most of NIO's peers, including Tesla (TSLA), have seen their shares come back as well. Still, for reference, NIO is valued around the same level as Ford (F) - which is a way larger company for now, in terms of revenue and vehicle sales.\nIs NIO A Good Long-Term Stock?\nNIO is active in the high-growth EV market and thus benefits a lot from market growth tailwinds. On top of that, NIO also has an attractive product portfolio that includes well-received models such as the ES6 and ES8 SUVs. What differentiates NIO from most other EV companies is its battery-swapping technology that allows consumers to get a fully-charged battery in a couple of minutes when visiting one of NIO's battery-swapping stations.\nThis means that the downtime when doing longer trips via an EV is reduced dramatically, as a battery-swap takes roughly as much time as refueling an ICE-powered car, whereas recharging most EVs takes well more than a couple of minutes. NIO's battery-swapping stations are being built out around China right now, although there is no meaningful footprint outside of NIO's home market yet.\nStill, NIO plans to roll out that service in international markets over the years, and once there is a large enough footprint of them to make a difference, this should be a unique selling point for NIO that will help differentiate its offerings from those of most peers. This could, I believe, result in further market share gains, which is why I wouldn't be surprised to see NIO grow at a rapid pace for the coming years.\nFor 2021, NIO will likely deliver revenue growth of more than 100% on the back of strong deliveries growth, as the analyst community is currently forecasting a 130% revenue increase this year. For Q2, NIO is expecting a growth rate of around 110% for its deliveries, following a massive 480% revenue increase during the first quarter. NIO thus is growing quicker than the EV market as a whole, and also quicker than peers such as Tesla, which will grow by around 50%-60% this year, according to the analyst community, which is about half the growth rate that is expected for NIO this year.\nMaintaining 100%+ growth forever is, of course, not possible, and NIO's growth will decline from that level in the coming years. But due to the fact that its products are well-liked in its home market, while the company is also ambitiously planning a major entry into the large European EV market, NIO should still deliver very considerable growth in the coming years.\nObvious growth tailwinds for a company, or even an industry, do not necessarily equate to massive share price upside, however. Investors should consider that NIO will, like all auto companies, be active in a cyclical, capital-intense industry where margins, on average, are not very high. This doesn't mean that NIO does not have long-term upside, but investors should keep in mind that a home run is not guaranteed when investing in NIO or other EV stocks - despite the fact that EV sales are growing quickly.\nNIO Stock Forecast In 5 Years\nNIO will grow its revenues by more than 100% this year, according to most estimates, but growth projections beyond that point are varying a lot more. Looking at 2022, for example, the analyst consensus for NIO's revenues is $8.7 billion, which would reflect a 78% increase versus the consensus for 2021. Estimates are in a wide range, however, as analyst estimates range from $7.3 billion to $11.9 billion in revenue in 2022.\nIn other words, the most bullish estimates see NIO deliver 60% higher revenues than the most bearish estimates. Since these estimates are being made for 2022 - just one year from now - this wide discrepancy shows how hard it is to forecast exact revenue or earnings numbers for a company like NIO.\nFor my estimate for 2025's revenues, I'll go with the analyst consensus for 2022, i.e. $8.7 billion, and then assume that revenues will grow at 1.5x the forecasted overall market growth rate of 27% in 2023, 2024, 2025, and 2026. This would get us to $34 billion in revenue in 2026, i.e. five years from now. Since analysts are currently forecasting that revenue will grow by 110% this year, and by around 80% next year, some readers may argue that a 40% growth rate estimate for 2023-2026 is too conservative. But the major unknowns and uncertainties around competitive pressures, government policies, etc., mean that I think that projecting a higher growth rate for many years in advance might be too optimistic.\nWhat might a $34 billion top line mean for NIO's stock price? Right now, shares are valued at 11.6x this year's expected sales, which is almost perfectly in line with the valuation of XPeng (XPEV), and slightly lower than that of Tesla:\nData by YCharts\nLooking at 2022, we see that shares are valued at around 7x expected revenues right now, whereas XPeng and Tesla trade at 6x and 9x their expected revenues right now. I highly doubt that the average EV company will be trading at high single-digit or even double-digit sales multiples in 2026, as this is just too much of a difference versus the 0.5-2x revenue multiples that legacy auto companies usually trade at. But when we assume that NIO, as an EV pure-play, will still trade at a premium to legacy auto in the middle of the 2020s, a 3x or 4x sales multiple might be a realistic estimate.\nWhen we go with 3.5x our revenue forecast for 2026, that would equate to a market capitalization of 119 billion - about 90% more than NIO's current market capitalization. NIO's share count has not been constant, however, and has, in fact, been rising considerably in the past. When we assume that the share count will rise by another 20% through 2026, to 1.9 billion, then shares would trade at $61 in 2026. This would mean that shares have an upside potential of around 55% over the next five years, or about 9% annually.\nThat is not at all unattractive, but it also isn't an absolutely outstanding return. On top of that, NIO, like many other EV startups, is a company with above-average volatility, above-average risks, and above-average uncertainties. I thus would not call NIO overly attractive at current prices, as the forecasted return is solid, but goes hand in hand with considerable risks/uncertainties. One can, of course, argue that the forecasted growth is too high, or too low, or that the target sales multiple should be different in 2026. As a base case scenario, I feel like this is reasonable, however.\nIs NIO Stock A Buy Now?\nIn retrospect, it is pretty clear that NIO at $10 about a year ago was a great opportunity, and that buying NIO at $67 at the peak earlier this year was a pretty bad decision. NIO today, in the high $30s, is somewhere in between these two extremes. I believe that, for long-term investors, NIO has a good chance of delivering solid returns over the years. At the same time, however, a lot of growth is priced into the stock right now, and it is not possible to forecast what competitors will do over the coming years, how accommodating governments will be to EVs, how well the rollout in Europe and other international markets will go, etc.\nI think NIO is more attractive than many other EV companies today, including many of the EV startups that don't have any viable products yet, and also versus Tesla (which is growing slower and still trades at a higher valuation). I would not be surprised to see NIO's stock deliver solid returns during the 2020s. I don't think that NIO is an absolute no-brainer buy today, however, as NIO still trades at a quite high valuation, for now, even factoring in its strong growth.\nFor those that are enterprising and do not mind the risks and uncertainties around future product launches and international expansion, the stock's volatility, and so on, NIO could be a buy today. But it is not a good choice for everyone, and some may want to watch the EV race from the sidelines instead of putting money at risk at current valuations.\nThe current analyst consensus share price target is $59, but I personally do not think this is realistic in the very near term. Based on expected revenues for 2021, this would put NIO at an 18x sales multiple, which is, I believe, not justified. Over the next five years, however, a share price in that region seems achievable, I believe.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":2641,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113310160,"gmtCreate":1622593770850,"gmtModify":1631890034864,"author":{"id":"3581814038363779","authorId":"3581814038363779","name":"Matthewlee","avatar":"https://static.tigerbbs.com/1b353e4b25bc0161b43146b622f27f99","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814038363779","idStr":"3581814038363779"},"themes":[],"title":"","htmlText":"To the moon and back","listText":"To the moon and back","text":"To the moon and back","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/113310160","repostId":"2140491365","repostType":4,"isVote":1,"tweetType":1,"viewCount":1846,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":134607526,"gmtCreate":1622218976265,"gmtModify":1631890034877,"author":{"id":"3581814038363779","authorId":"3581814038363779","name":"Matthewlee","avatar":"https://static.tigerbbs.com/1b353e4b25bc0161b43146b622f27f99","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814038363779","idStr":"3581814038363779"},"themes":[],"title":"","htmlText":"But when will this pandemic end. So much uncertainty","listText":"But when will this pandemic end. So much uncertainty","text":"But when will this pandemic end. So much uncertainty","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/134607526","repostId":"2138948877","repostType":4,"isVote":1,"tweetType":1,"viewCount":502,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":135083482,"gmtCreate":1622122533246,"gmtModify":1631892367391,"author":{"id":"3581814038363779","authorId":"3581814038363779","name":"Matthewlee","avatar":"https://static.tigerbbs.com/1b353e4b25bc0161b43146b622f27f99","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814038363779","idStr":"3581814038363779"},"themes":[],"title":"","htmlText":"Can anyone explain why Palantir is a good investment? No matter how i look, its pretty risky","listText":"Can anyone explain why Palantir is a good investment? No matter how i look, its pretty risky","text":"Can anyone explain why Palantir is a good investment? No matter how i look, its pretty risky","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/135083482","repostId":"2138120575","repostType":4,"isVote":1,"tweetType":1,"viewCount":693,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":136150990,"gmtCreate":1622000929410,"gmtModify":1631892367406,"author":{"id":"3581814038363779","authorId":"3581814038363779","name":"Matthewlee","avatar":"https://static.tigerbbs.com/1b353e4b25bc0161b43146b622f27f99","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814038363779","idStr":"3581814038363779"},"themes":[],"title":"","htmlText":"The narket is truly unpredictable, with memes becoming valuable as money","listText":"The narket is truly unpredictable, with memes becoming valuable as money","text":"The narket is truly unpredictable, with memes becoming valuable as money","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/136150990","repostId":"1137738225","repostType":4,"isVote":1,"tweetType":1,"viewCount":729,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131304071,"gmtCreate":1621824993993,"gmtModify":1631892367412,"author":{"id":"3581814038363779","authorId":"3581814038363779","name":"Matthewlee","avatar":"https://static.tigerbbs.com/1b353e4b25bc0161b43146b622f27f99","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814038363779","idStr":"3581814038363779"},"themes":[],"title":"","htmlText":"NaiO vs XPeng, which would be the better choice for long term?","listText":"NaiO vs XPeng, which would be the better choice for long term?","text":"NaiO vs XPeng, which would be the better choice for long term?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/131304071","repostId":"1112775099","repostType":4,"isVote":1,"tweetType":1,"viewCount":790,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190218773,"gmtCreate":1620622838892,"gmtModify":1631892367426,"author":{"id":"3581814038363779","authorId":"3581814038363779","name":"Matthewlee","avatar":"https://static.tigerbbs.com/1b353e4b25bc0161b43146b622f27f99","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814038363779","idStr":"3581814038363779"},"themes":[],"title":"","htmlText":"With so many news articles published, is there a easier way to digest them","listText":"With so many news articles published, is there a easier way to digest them","text":"With so many news articles published, is there a easier way to digest them","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/190218773","repostId":"2134686276","repostType":4,"isVote":1,"tweetType":1,"viewCount":915,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107328766,"gmtCreate":1620446481755,"gmtModify":1631892367435,"author":{"id":"3581814038363779","authorId":"3581814038363779","name":"Matthewlee","avatar":"https://static.tigerbbs.com/1b353e4b25bc0161b43146b622f27f99","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814038363779","idStr":"3581814038363779"},"themes":[],"title":"","htmlText":"This is so dubious and dangerous. Why are people investing in it","listText":"This is so dubious and dangerous. Why are people investing in it","text":"This is so dubious and dangerous. Why are people investing in it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/107328766","repostId":"1160802774","repostType":4,"repost":{"id":"1160802774","kind":"news","pubTimestamp":1620442206,"share":"https://www.laohunote.com/m/news/1160802774?lang=zh_CN&edition=full","pubTime":"2021-05-08 10:50","market":"other","language":"en","title":"Dogecoin price’s ‘make-or-break’ moment looms with Elon Musk set to host ‘Saturday Night Live’<blockquote>狗狗币价格的“成败”时刻迫在眉睫，埃隆-马斯克将主持《周六夜现场》</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1160802774","media":"Marketwatch","summary":"Nikki Beesetti started investing in crypto back in 2017 and paid off her final semester at Purdue Un","content":"<p>Nikki Beesetti started investing in crypto back in 2017 and paid off her final semester at Purdue University with proceeds from the sale of a single bitcoin that she bought on a whim, which had surged to nearly $20,000.</p><p><blockquote>尼基·比塞蒂 (Nikki Beesetti) 早在 2017 年就开始投资加密货币，并用她心血来潮购买的一台比特币的销售收入偿还了她在普渡大学的最后一个学期，该收入已飙升至近 20,000 美元。</blockquote></p><p>Now, the product manager for a startup in New York is dabbling in dogecoin&nbsp;,and sees this weekend as a possible make-or-break moment for the parody coin that has seen a stratospheric, nearly 13,000% rise in 2021.</p><p><blockquote>现在，纽约一家初创公司的产品经理正在涉足狗狗币，并认为本周末可能是这种恶搞币的成败时刻，该恶搞币在 2021 年上涨了近 13,000%。</blockquote></p><p>“This Saturday is going to be a total make-or-break for dogecoin,” Beesetti told MarketWatch in a phone interview.</p><p><blockquote>“Beesetti 在接受 MarketWatch 电话采访时说：”本周六将是狗狗币的成败之战。</blockquote></p><p>“If he can really get the messaging right, dogecoin can really take off…or it’s going to crash to wherever it’s going to crash to,” she said.</p><p><blockquote>“她说：”如果他真的能把信息传递正确，狗狗币就能真正起飞.或者它会崩溃到任何它想崩溃的地方。</blockquote></p><p>The 25-year-old investor is one of a number of relatively young traders who are piling into speculative altcoins like dogecoin as the so-called joke asset mints millionaires and draws some concerns about a bubble forming in the nascent crypto complex.</p><p><blockquote>这位 25 岁的投资者是众多相对年轻的交易者之一，他们作为所谓的笑话资产造币厂百万富翁，涌入狗狗币等投机性山寨币，并引起了人们对新生加密货币综合体中形成泡沫的一些担忧。</blockquote></p><p>Musk will host NBC’s late-night live television comedy sketch show, “Saturday Night Live,” this weekend and his coming appearance has already drawn&nbsp;cheers and jeers.</p><p><blockquote>马斯克将于本周末主持美国全国广播公司（NBC）的深夜电视直播喜剧小品节目《周六夜现场》（Saturday Night Live），他的亮相已经引起了欢呼和嘲笑。</blockquote></p><p>Musk has been one of the biggest cheerleaders for dogecoin and crypto broadly. The self-appointed “Technoking” of Tesla&nbsp;has been mostly using his massive social media following to pump up the price of doge,&nbsp;tweeting back on April 1&nbsp;that he would use his SpaceX rockets to put a physical Doge coin on the literal moon, echoing the social media goal of taking the coin’s price “to the moon.”</p><p><blockquote>马斯克一直是狗狗币和加密货币的最大啦啦队员之一。这位自称为 “技术专家 ”的特斯拉主要利用他在社交媒体上的大量粉丝来抬高 doge 的价格，他早在 4 月 1 日就在推特上表示，他将使用他的 SpaceX 火箭将实体 doge 硬币放在月球上，这与社交媒体上将硬币价格 “推向月球 ”的目标相呼应。</blockquote></p><p>Beesetti said that she first got involved in dogecoin — she also invests in technology stocks and exchange-traded funds — at the prompting of Musk’s social-media missives from last summer.</p><p><blockquote>比塞蒂说，她第一次涉足狗狗币--她还投资科技股和交易所交易基金--是在马斯克去年夏天的社交媒体信件的推动下。</blockquote></p><p>She bought dogecoin when it was trading at 3/10ths of a penny and she kept dollar-cost averaging her position in the digital asset created in 2013 even as it hit around 1 cent last August.</p><p><blockquote>她在狗狗币的交易价格为1美分的3/10时购买了它，尽管去年8月它达到了1美分左右，但她仍保持了她在2013年创建的数字资产中的平均美元成本头寸。</blockquote></p><p>Musk has become a rallying point for dogecoin holders on sites like Reddit and his coming appearance on “SNL” is a hotly anticipated moment inside and outside crypto markets, which had largely been centered on bitcoin&nbsp;and Ethereum&nbsp;,the two largest cryptos in the world.</p><p><blockquote>马斯克已成为 Reddit 等网站上狗狗币持有者的集结点，他即将出现在《SNL》节目中，这在加密货币市场内外都是一个备受期待的时刻，而加密货币市场主要集中在比特币和以太币这两个世界上最大的加密货币上。</blockquote></p><p>Dogecoin has long held the reputation as a joke currency in the digital-asset realm but it is hard to deny that its surging value has gripped Main Street and Wall Street’s attention — at least momentarily.</p><p><blockquote>狗狗币长期以来一直是数字资产领域的笑话货币，但不可否认的是，它飙升的价值吸引了主街和华尔街的注意--至少是暂时的。</blockquote></p><p>Former “SNL” cast member and comedian David Spade on Thursday tweeted that he wondered if Musk’s appearance on the sketch show would equate to a 90-minute infomercial for doge, adding, perhaps tongue in cheek that he was buying dogecoin.</p><p><blockquote>前《周六夜现场》剧组成员、喜剧演员大卫-斯派德（David Spade）周四在推特上表示，他想知道马斯克出现在小品节目中是否相当于 doge 的 90 分钟信息广告，并补充说，也许是半开玩笑地说，他正在购买狗狗币。</blockquote></p><p>Oddsmakers at betting platformSportsBettingDime.com&nbsp;have established a number of prop bets about Musk’s appearance on “Saturday Night Live,” including which if any crypto he mentions first on the show.</p><p><blockquote>博彩平台SportsBettingDime.com的博彩公司已经为马斯克出现在《周六夜现场》节目中提供了一些道具投注，包括他在节目中首先提到的任何加密货币。</blockquote></p><p>Which cryptocurrency does Musk mention first:</p><p><blockquote>马斯克首先提到的是哪种加密货币：</blockquote></p><p>1. Bitcoin: -200</p><p><blockquote>1. 比特币：-200</blockquote></p><p>2. Dogecoin: +600</p><p><blockquote>2.狗狗币：+600</blockquote></p><p>3. FIELD: +450</p><p><blockquote>3. 字段：+450</blockquote></p><p>4. Does Not Mention Bitcoin: +400</p><p><blockquote>4. 未提及比特币：+400</blockquote></p><p>Beesetti said that she sold about $8,000 worth of dogecoin recently to buy a pair of Gucci shoes, an iPhone and upped her position in Ether thar runs on the Ethereum protocol but has otherwise been a steady holder of doge.</p><p><blockquote>Beesetti 表示，她最近出售了价值约 8,000 美元的 dogecoin，购买了一双 Gucci 鞋、一部 iPhone，并提高了她在以太币协议 Ether thar 运行中的地位，但除此之外，她一直是 doge 的稳定持有者。</blockquote></p><p>The investor wouldn’t offer specific figures but said that her holdings currently range from 50,000 to 100,000 dogecoin.</p><p><blockquote>这位投资者不愿提供具体数字，但表示她目前持有的狗狗币在 5 万到 10 万个之间。</blockquote></p><p>Perhaps unlike some investors in doge, she is under no illusion that it has utility but submits to the possibility that momentum could build in a parody asset to such an extent that it forges its own legitimacy.</p><p><blockquote>也许与 doge 的一些投资者不同，她并不幻想它具有效用，而是接受了 momentum 可以在模仿资产中建立这种可能性，以至于它可以伪造自己的合法性。</blockquote></p><p>“Doge doesn’t have intrinsic value,” Beesetti said. “The value becomes real if you and a collective group of people believe in it. And in this case, there are more groups and people than before who believe.”</p><p><blockquote>“Doge 没有内在价值，”Beesetti 说。“如果你和一群人相信它，这种价值就会变得真实。在这种情况下，相信它的团体和人比以前更多了”。</blockquote></p><p>That said, reality could hit meme coin holders hard come Sunday morning, at least one analyst said.</p><p><blockquote>尽管如此，至少一位分析师表示，周日早上，现实可能会对模因币持有者造成沉重打击。</blockquote></p><p>“Post-SNL, some crypto traders could abandon short-term&nbsp;Dogecoin&nbsp;bets once it becomes clear that it is not skyrocketing to the moon or at the heavily eyed $1 level,” wrote Edward Moya, senior market analyst at Oanda, in a research note.</p><p><blockquote>“Oanda 高级市场分析师爱德华-莫亚（Edward Moya）在一份研究报告中写道：”在 SNL 之后，一些加密货币交易员可能会放弃对狗狗币的短期押注，一旦狗狗币没有飙升至月球或处于备受关注的 1 美元水平。</blockquote></p><p>The analyst also notes that strong conviction of dogecoin investors,known as hodlers in the crypto world, could defy logic and keep prices buoyant.</p><p><blockquote>这位分析师还指出，狗狗币投资者（在加密货币世界中被称为霍德勒）的坚定信念可能会违背逻辑并保持价格上涨。</blockquote></p><p>“The retail-army of traders that have been committed to Doge might remain stubbornly hodlers, so we shouldn’t be surprised if a sell the event reaction does not happen,” the Oanda strategist said.</p><p><blockquote>“Oanda 策略师说：”一直致力于 Doge 的零售大军可能仍然顽固地持有 Doge，因此，如果没有出现卖出事件的反应，我们也不应该感到惊讶。</blockquote></p><p>How it all plays out for dogecoin is anyone’s guess.</p><p><blockquote>狗狗币的结果如何，谁也说不准。</blockquote></p><p>“It’s just a meme currency but sometimes the most entertaining outcome becomes the reality,” Beesetti said.</p><p><blockquote>“比塞蒂说：”这只是一种备忘录货币，但有时最有趣的结果会变成现实。</blockquote></p><p>That meme currency has enjoyed a spectacular ride compared against most other assets. Gold futures&nbsp;are down 3% so far this year, the Dow Jones Industrial Average&nbsp;and the S&amp;P 500 index&nbsp;are up by nearly 13% in 2021, while the Nasdaq Composite Index&nbsp;has gained about over 6% so far this year.</p><p><blockquote>与大多数其他资产相比，这种迷因货币的表现非常出色。今年迄今为止，黄金期货下跌了3%，道琼斯工业平均指数和标普500指数在2021年上涨了近13%，而纳斯达克综合指数今年迄今为止上涨了6%以上。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dogecoin price’s ‘make-or-break’ moment looms with Elon Musk set to host ‘Saturday Night Live’<blockquote>狗狗币价格的“成败”时刻迫在眉睫，埃隆-马斯克将主持《周六夜现场》</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDogecoin price’s ‘make-or-break’ moment looms with Elon Musk set to host ‘Saturday Night Live’<blockquote>狗狗币价格的“成败”时刻迫在眉睫，埃隆-马斯克将主持《周六夜现场》</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Marketwatch</strong><span class=\"h-time small\">2021-05-08 10:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Nikki Beesetti started investing in crypto back in 2017 and paid off her final semester at Purdue University with proceeds from the sale of a single bitcoin that she bought on a whim, which had surged to nearly $20,000.</p><p><blockquote>尼基·比塞蒂 (Nikki Beesetti) 早在 2017 年就开始投资加密货币，并用她心血来潮购买的一台比特币的销售收入偿还了她在普渡大学的最后一个学期，该收入已飙升至近 20,000 美元。</blockquote></p><p>Now, the product manager for a startup in New York is dabbling in dogecoin&nbsp;,and sees this weekend as a possible make-or-break moment for the parody coin that has seen a stratospheric, nearly 13,000% rise in 2021.</p><p><blockquote>现在，纽约一家初创公司的产品经理正在涉足狗狗币，并认为本周末可能是这种恶搞币的成败时刻，该恶搞币在 2021 年上涨了近 13,000%。</blockquote></p><p>“This Saturday is going to be a total make-or-break for dogecoin,” Beesetti told MarketWatch in a phone interview.</p><p><blockquote>“Beesetti 在接受 MarketWatch 电话采访时说：”本周六将是狗狗币的成败之战。</blockquote></p><p>“If he can really get the messaging right, dogecoin can really take off…or it’s going to crash to wherever it’s going to crash to,” she said.</p><p><blockquote>“她说：”如果他真的能把信息传递正确，狗狗币就能真正起飞.或者它会崩溃到任何它想崩溃的地方。</blockquote></p><p>The 25-year-old investor is one of a number of relatively young traders who are piling into speculative altcoins like dogecoin as the so-called joke asset mints millionaires and draws some concerns about a bubble forming in the nascent crypto complex.</p><p><blockquote>这位 25 岁的投资者是众多相对年轻的交易者之一，他们作为所谓的笑话资产造币厂百万富翁，涌入狗狗币等投机性山寨币，并引起了人们对新生加密货币综合体中形成泡沫的一些担忧。</blockquote></p><p>Musk will host NBC’s late-night live television comedy sketch show, “Saturday Night Live,” this weekend and his coming appearance has already drawn&nbsp;cheers and jeers.</p><p><blockquote>马斯克将于本周末主持美国全国广播公司（NBC）的深夜电视直播喜剧小品节目《周六夜现场》（Saturday Night Live），他的亮相已经引起了欢呼和嘲笑。</blockquote></p><p>Musk has been one of the biggest cheerleaders for dogecoin and crypto broadly. The self-appointed “Technoking” of Tesla&nbsp;has been mostly using his massive social media following to pump up the price of doge,&nbsp;tweeting back on April 1&nbsp;that he would use his SpaceX rockets to put a physical Doge coin on the literal moon, echoing the social media goal of taking the coin’s price “to the moon.”</p><p><blockquote>马斯克一直是狗狗币和加密货币的最大啦啦队员之一。这位自称为 “技术专家 ”的特斯拉主要利用他在社交媒体上的大量粉丝来抬高 doge 的价格，他早在 4 月 1 日就在推特上表示，他将使用他的 SpaceX 火箭将实体 doge 硬币放在月球上，这与社交媒体上将硬币价格 “推向月球 ”的目标相呼应。</blockquote></p><p>Beesetti said that she first got involved in dogecoin — she also invests in technology stocks and exchange-traded funds — at the prompting of Musk’s social-media missives from last summer.</p><p><blockquote>比塞蒂说，她第一次涉足狗狗币--她还投资科技股和交易所交易基金--是在马斯克去年夏天的社交媒体信件的推动下。</blockquote></p><p>She bought dogecoin when it was trading at 3/10ths of a penny and she kept dollar-cost averaging her position in the digital asset created in 2013 even as it hit around 1 cent last August.</p><p><blockquote>她在狗狗币的交易价格为1美分的3/10时购买了它，尽管去年8月它达到了1美分左右，但她仍保持了她在2013年创建的数字资产中的平均美元成本头寸。</blockquote></p><p>Musk has become a rallying point for dogecoin holders on sites like Reddit and his coming appearance on “SNL” is a hotly anticipated moment inside and outside crypto markets, which had largely been centered on bitcoin&nbsp;and Ethereum&nbsp;,the two largest cryptos in the world.</p><p><blockquote>马斯克已成为 Reddit 等网站上狗狗币持有者的集结点，他即将出现在《SNL》节目中，这在加密货币市场内外都是一个备受期待的时刻，而加密货币市场主要集中在比特币和以太币这两个世界上最大的加密货币上。</blockquote></p><p>Dogecoin has long held the reputation as a joke currency in the digital-asset realm but it is hard to deny that its surging value has gripped Main Street and Wall Street’s attention — at least momentarily.</p><p><blockquote>狗狗币长期以来一直是数字资产领域的笑话货币，但不可否认的是，它飙升的价值吸引了主街和华尔街的注意--至少是暂时的。</blockquote></p><p>Former “SNL” cast member and comedian David Spade on Thursday tweeted that he wondered if Musk’s appearance on the sketch show would equate to a 90-minute infomercial for doge, adding, perhaps tongue in cheek that he was buying dogecoin.</p><p><blockquote>前《周六夜现场》剧组成员、喜剧演员大卫-斯派德（David Spade）周四在推特上表示，他想知道马斯克出现在小品节目中是否相当于 doge 的 90 分钟信息广告，并补充说，也许是半开玩笑地说，他正在购买狗狗币。</blockquote></p><p>Oddsmakers at betting platformSportsBettingDime.com&nbsp;have established a number of prop bets about Musk’s appearance on “Saturday Night Live,” including which if any crypto he mentions first on the show.</p><p><blockquote>博彩平台SportsBettingDime.com的博彩公司已经为马斯克出现在《周六夜现场》节目中提供了一些道具投注，包括他在节目中首先提到的任何加密货币。</blockquote></p><p>Which cryptocurrency does Musk mention first:</p><p><blockquote>马斯克首先提到的是哪种加密货币：</blockquote></p><p>1. Bitcoin: -200</p><p><blockquote>1. 比特币：-200</blockquote></p><p>2. Dogecoin: +600</p><p><blockquote>2.狗狗币：+600</blockquote></p><p>3. FIELD: +450</p><p><blockquote>3. 字段：+450</blockquote></p><p>4. Does Not Mention Bitcoin: +400</p><p><blockquote>4. 未提及比特币：+400</blockquote></p><p>Beesetti said that she sold about $8,000 worth of dogecoin recently to buy a pair of Gucci shoes, an iPhone and upped her position in Ether thar runs on the Ethereum protocol but has otherwise been a steady holder of doge.</p><p><blockquote>Beesetti 表示，她最近出售了价值约 8,000 美元的 dogecoin，购买了一双 Gucci 鞋、一部 iPhone，并提高了她在以太币协议 Ether thar 运行中的地位，但除此之外，她一直是 doge 的稳定持有者。</blockquote></p><p>The investor wouldn’t offer specific figures but said that her holdings currently range from 50,000 to 100,000 dogecoin.</p><p><blockquote>这位投资者不愿提供具体数字，但表示她目前持有的狗狗币在 5 万到 10 万个之间。</blockquote></p><p>Perhaps unlike some investors in doge, she is under no illusion that it has utility but submits to the possibility that momentum could build in a parody asset to such an extent that it forges its own legitimacy.</p><p><blockquote>也许与 doge 的一些投资者不同，她并不幻想它具有效用，而是接受了 momentum 可以在模仿资产中建立这种可能性，以至于它可以伪造自己的合法性。</blockquote></p><p>“Doge doesn’t have intrinsic value,” Beesetti said. “The value becomes real if you and a collective group of people believe in it. And in this case, there are more groups and people than before who believe.”</p><p><blockquote>“Doge 没有内在价值，”Beesetti 说。“如果你和一群人相信它，这种价值就会变得真实。在这种情况下，相信它的团体和人比以前更多了”。</blockquote></p><p>That said, reality could hit meme coin holders hard come Sunday morning, at least one analyst said.</p><p><blockquote>尽管如此，至少一位分析师表示，周日早上，现实可能会对模因币持有者造成沉重打击。</blockquote></p><p>“Post-SNL, some crypto traders could abandon short-term&nbsp;Dogecoin&nbsp;bets once it becomes clear that it is not skyrocketing to the moon or at the heavily eyed $1 level,” wrote Edward Moya, senior market analyst at Oanda, in a research note.</p><p><blockquote>“Oanda 高级市场分析师爱德华-莫亚（Edward Moya）在一份研究报告中写道：”在 SNL 之后，一些加密货币交易员可能会放弃对狗狗币的短期押注，一旦狗狗币没有飙升至月球或处于备受关注的 1 美元水平。</blockquote></p><p>The analyst also notes that strong conviction of dogecoin investors,known as hodlers in the crypto world, could defy logic and keep prices buoyant.</p><p><blockquote>这位分析师还指出，狗狗币投资者（在加密货币世界中被称为霍德勒）的坚定信念可能会违背逻辑并保持价格上涨。</blockquote></p><p>“The retail-army of traders that have been committed to Doge might remain stubbornly hodlers, so we shouldn’t be surprised if a sell the event reaction does not happen,” the Oanda strategist said.</p><p><blockquote>“Oanda 策略师说：”一直致力于 Doge 的零售大军可能仍然顽固地持有 Doge，因此，如果没有出现卖出事件的反应，我们也不应该感到惊讶。</blockquote></p><p>How it all plays out for dogecoin is anyone’s guess.</p><p><blockquote>狗狗币的结果如何，谁也说不准。</blockquote></p><p>“It’s just a meme currency but sometimes the most entertaining outcome becomes the reality,” Beesetti said.</p><p><blockquote>“比塞蒂说：”这只是一种备忘录货币，但有时最有趣的结果会变成现实。</blockquote></p><p>That meme currency has enjoyed a spectacular ride compared against most other assets. Gold futures&nbsp;are down 3% so far this year, the Dow Jones Industrial Average&nbsp;and the S&amp;P 500 index&nbsp;are up by nearly 13% in 2021, while the Nasdaq Composite Index&nbsp;has gained about over 6% so far this year.</p><p><blockquote>与大多数其他资产相比，这种迷因货币的表现非常出色。今年迄今为止，黄金期货下跌了3%，道琼斯工业平均指数和标普500指数在2021年上涨了近13%，而纳斯达克综合指数今年迄今为止上涨了6%以上。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/a-total-make-or-break-for-dogecoin-says-one-crypto-investor-as-elon-musk-prepares-to-host-saturday-night-live-11620413674?mod=associated-press\">Marketwatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/a-total-make-or-break-for-dogecoin-says-one-crypto-investor-as-elon-musk-prepares-to-host-saturday-night-live-11620413674?mod=associated-press","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160802774","content_text":"Nikki Beesetti started investing in crypto back in 2017 and paid off her final semester at Purdue University with proceeds from the sale of a single bitcoin that she bought on a whim, which had surged to nearly $20,000.Now, the product manager for a startup in New York is dabbling in dogecoin ,and sees this weekend as a possible make-or-break moment for the parody coin that has seen a stratospheric, nearly 13,000% rise in 2021.“This Saturday is going to be a total make-or-break for dogecoin,” Beesetti told MarketWatch in a phone interview.“If he can really get the messaging right, dogecoin can really take off…or it’s going to crash to wherever it’s going to crash to,” she said.The 25-year-old investor is one of a number of relatively young traders who are piling into speculative altcoins like dogecoin as the so-called joke asset mints millionaires and draws some concerns about a bubble forming in the nascent crypto complex.Musk will host NBC’s late-night live television comedy sketch show, “Saturday Night Live,” this weekend and his coming appearance has already drawn cheers and jeers.Musk has been one of the biggest cheerleaders for dogecoin and crypto broadly. The self-appointed “Technoking” of Tesla has been mostly using his massive social media following to pump up the price of doge, tweeting back on April 1 that he would use his SpaceX rockets to put a physical Doge coin on the literal moon, echoing the social media goal of taking the coin’s price “to the moon.”Beesetti said that she first got involved in dogecoin — she also invests in technology stocks and exchange-traded funds — at the prompting of Musk’s social-media missives from last summer.She bought dogecoin when it was trading at 3/10ths of a penny and she kept dollar-cost averaging her position in the digital asset created in 2013 even as it hit around 1 cent last August.Musk has become a rallying point for dogecoin holders on sites like Reddit and his coming appearance on “SNL” is a hotly anticipated moment inside and outside crypto markets, which had largely been centered on bitcoin and Ethereum ,the two largest cryptos in the world.Dogecoin has long held the reputation as a joke currency in the digital-asset realm but it is hard to deny that its surging value has gripped Main Street and Wall Street’s attention — at least momentarily.Former “SNL” cast member and comedian David Spade on Thursday tweeted that he wondered if Musk’s appearance on the sketch show would equate to a 90-minute infomercial for doge, adding, perhaps tongue in cheek that he was buying dogecoin.Oddsmakers at betting platformSportsBettingDime.com have established a number of prop bets about Musk’s appearance on “Saturday Night Live,” including which if any crypto he mentions first on the show.Which cryptocurrency does Musk mention first:1. Bitcoin: -2002. Dogecoin: +6003. FIELD: +4504. Does Not Mention Bitcoin: +400Beesetti said that she sold about $8,000 worth of dogecoin recently to buy a pair of Gucci shoes, an iPhone and upped her position in Ether thar runs on the Ethereum protocol but has otherwise been a steady holder of doge.The investor wouldn’t offer specific figures but said that her holdings currently range from 50,000 to 100,000 dogecoin.Perhaps unlike some investors in doge, she is under no illusion that it has utility but submits to the possibility that momentum could build in a parody asset to such an extent that it forges its own legitimacy.“Doge doesn’t have intrinsic value,” Beesetti said. “The value becomes real if you and a collective group of people believe in it. And in this case, there are more groups and people than before who believe.”That said, reality could hit meme coin holders hard come Sunday morning, at least one analyst said.“Post-SNL, some crypto traders could abandon short-term Dogecoin bets once it becomes clear that it is not skyrocketing to the moon or at the heavily eyed $1 level,” wrote Edward Moya, senior market analyst at Oanda, in a research note.The analyst also notes that strong conviction of dogecoin investors,known as hodlers in the crypto world, could defy logic and keep prices buoyant.“The retail-army of traders that have been committed to Doge might remain stubbornly hodlers, so we shouldn’t be surprised if a sell the event reaction does not happen,” the Oanda strategist said.How it all plays out for dogecoin is anyone’s guess.“It’s just a meme currency but sometimes the most entertaining outcome becomes the reality,” Beesetti said.That meme currency has enjoyed a spectacular ride compared against most other assets. Gold futures are down 3% so far this year, the Dow Jones Industrial Average and the S&P 500 index are up by nearly 13% in 2021, while the Nasdaq Composite Index has gained about over 6% so far this year.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":517,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":104320568,"gmtCreate":1620357188454,"gmtModify":1631892367447,"author":{"id":"3581814038363779","authorId":"3581814038363779","name":"Matthewlee","avatar":"https://static.tigerbbs.com/1b353e4b25bc0161b43146b622f27f99","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814038363779","idStr":"3581814038363779"},"themes":[],"title":"","htmlText":"Exciting news ahead","listText":"Exciting news ahead","text":"Exciting news ahead","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/104320568","repostId":"1137949521","repostType":4,"repost":{"id":"1137949521","kind":"news","pubTimestamp":1620356202,"share":"https://www.laohunote.com/m/news/1137949521?lang=zh_CN&edition=full","pubTime":"2021-05-07 10:56","market":"us","language":"en","title":"4 Top Fintech Stocks To Watch After PayPal Reported Record Earnings<blockquote>PayPal公布创纪录收益后值得关注的 4 只顶级金融科技股</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1137949521","media":"Nasdaq","summary":"PayPal’s Strong Earnings Show That The Growth For Fintech Stocks Is Far From OverWhile many of the h","content":"<p>PayPal’s Strong Earnings Show That The Growth For Fintech Stocks Is Far From Over</p><p><blockquote>PayPal的强劲盈利表明，金融科技股的增长远未结束</blockquote></p><p>While many of the hypergrowth names from 2020 continue to slide along with the recent tech rout,<i>fintech stocks</i>remain relatively resilient in the<b><i>stock market today</i></b>. Understandably, this is because of the vital role these companies have played over the past year. Amidst the current pandemic, the adoption of digital payments has and continues to accelerate at breakneck speeds. One doesn’t need to look far to see the impact of fintech on their life. From online payment for goods and services, sending money to trading stocks online, all can be done from your palm.</p><p><blockquote>虽然 2020 年的许多高速增长公司随着最近的科技崩溃而继续下滑，<i>金融科技股</i>保持相对弹性<b><i>今日股市</i></b>可以理解，这是因为这些公司在过去一年中发挥了至关重要的作用。在当前的疫情中，数字支付的采用已经并将继续以极快的速度加速。人们不用走远就能看到金融科技对他们生活的影响。从在线支付商品和服务，汇款到在线交易股票，一切都可以在你的手掌上完成。</blockquote></p><p>It was because of these reasons we could carry out our life with minimal disruptions. Merchants have been relying on fintech providers to keep their business going. For instance,<b>PayPal</b>(NASDAQ: PYPL) is a fintech ecosystem that provides everything a business or individual would need in the cashless world. The fintech giant reported its strongest quarter on record and beat Wall Streets’ estimates on Wednesday. The digital payments company processed a total of $285 billion in payments in the first quarter, up 50% year-over-year. Besides, it also added 14.5 million net new active customers.</p><p><blockquote>正是因为这些原因，我们才能在最小的干扰下继续我们的生活。商家一直依赖金融科技提供商来维持业务运营。例如，<b>PayPal</b>（纳斯达克：PYPL）是一个金融科技生态系统，提供企业或个人在无现金世界中所需的一切。这家金融科技巨头周三公布了有史以来最强劲的季度业绩，并超出了华尔街的预期。这家数字支付公司第一季度共处理了 2850 亿美元的支付，同比增长 50%。此外，还净增活跃客户1450万。</blockquote></p><p>Furthermore, another growing trend in the overall fintech space now would be cryptocurrencies. Venmo, the mobile wallet owned by PayPal, also allows customers to buy and sell cryptocurrencies likeBitcoinand Ethereum. With digital payments expected to be the norm in the future, it is not surprising investors have been looking for top fintech stocks to buy in thestock market. Be it the continuing innovation in fintech services or major adoption of cryptocurrencies, these trends are what many deem as the future of finance. If you are optimistic about what this sector has to offer, let’s look at fourtop fintech stocksto consider buying with plenty of growth opportunities ahead.</p><p><blockquote>此外，整个金融科技领域的另一个增长趋势是加密货币。PayPal旗下的移动钱包 Venmo 还允许客户买卖比特币和以太币等加密货币。随着数字支付预计将成为未来的常态，投资者一直在寻找在股票市场上购买顶级金融科技股也就不足为奇了。无论是金融科技服务的持续创新，还是加密货币的大规模采用，这些趋势都被许多人视为金融的未来。如果您对该行业的前景持乐观态度，让我们来看看四只顶级金融科技股，以便在未来有大量增长机会的情况下考虑买入。</blockquote></p><p>Best Fintech Stocks To Watch Right Now</p><p><blockquote>现在值得关注的最佳金融科技股</blockquote></p><p><ul><li><b>Square Inc.</b>(NYSE: SQ)</li><li><b>Paysafe Ltd</b>(NYSE: PSFE)</li><li><b>MercadoLibre Inc.</b>(NASDAQ: MELI)</li><li><b>Sea Limited</b>(NYSE: SE)</li></ul>Square</p><p><blockquote><ul><li><b>广场公司。</b>（纽约证券交易所代码：SQ）</li><li><b>Paysafe有限公司</b>（纽约证券交易所代码：PSFE）</li><li><b>自由市场公司。</b>（纳斯达克：MELI）</li><li><b>海有限公司</b>（纽约证券交易所代码：SE）</li></ul>平方</blockquote></p><p>Square is a financial services, merchant services aggregator, and mobile payment company that is based in San Francisco. The fintech giant operates two fintech ecosystems, one of which provides a commerce ecosystem that enables its sellers to start, run, and grow their businesses. But what’s sending Square stock over the roof is its Cash App, a growing segment for the company. This is unsurprising given how at the onset of the pandemic, there has been a steady increase in cashless adoption rates and contactless payments.<img src=\"https://static.tigerbbs.com/4d08585cb725b55710b6b0fc1511f0e7\" tg-width=\"250\" tg-height=\"209\" referrerpolicy=\"no-referrer\">If anything, the pandemic had accelerated this shift to digital payments. From its last quarterly report in February, Square reported a quarterly gross profit of $804 million, up by 52% year-over-year. The company’s Cash App delivered strong growth, with a gross profit of $377 million, a staggering 162% year-over-year increase.</p><p><blockquote>Square是一家总部位于旧金山的金融服务、商业服务聚合商和移动支付公司。这家金融科技巨头运营着两个金融科技生态系统，其中一个提供了一个商业生态系统，使其卖家能够启动、运营和发展业务。但让 Square 股价飙升的是它的现金应用程序，这是该公司不断增长的一个细分市场。这并不奇怪，因为在疫情爆发之初，无现金采用率和非接触式支付一直在稳步增长。如果说有什么不同的话，那就是疫情加速了向数字支付的转变。从2月份的上一季度报告来看，Square公布季度毛利润为8.04亿美元，同比增长52%。该公司的现金应用程序实现了强劲增长，毛利润达到 3.77 亿美元，同比增长惊人 162%。</blockquote></p><p>We saw that PayPal has reported its strongest quarter in history. It is natural that investors will be looking at SQ stock today as it will report its earnings after the closing bell today. Considering the accelerating adoption of fintech, will you consider buying SQ stock right now?</p><p><blockquote>我们看到PayPal公布了历史上最强劲的季度。投资者今天关注 SQ 股票是很自然的，因为它将在今天收盘后公布收益。考虑到金融科技的加速采用，您现在会考虑购买 SQ 股票吗？</blockquote></p><p>Paysafe</p><p><blockquote>支付安全</blockquote></p><p>Paysafe is a leading specialized payments platform. Its core purpose is to enable businesses and consumers to connect and transact seamlessly. Particularly, the company specializes in payment processing, digital wallet, and online cash solutions. But Paysafe isn’t the same company as PayPal or Square. Rather, it’s primarily a payment processor. With over 20 years of online payment experience, the company boasts an annualized transactional volume of $92 billion in 2020.<img src=\"https://static.tigerbbs.com/e8088f25bcf21646b7f801bd78c494fb\" tg-width=\"250\" tg-height=\"209\" referrerpolicy=\"no-referrer\">You might have come across Paysafe as a pioneer in digital commerce. That’s right, but there’s another angle that could contribute more value to the company’s business. And it is the company’s involvement in iGaming that has growth investors salivating. In fact, Paysafe is the exclusive online payment processor for DraftKings (NASDAQ: DKNG).</p><p><blockquote>Paysafe是领先的专业支付平台。其核心目的是使企业和消费者能够无缝连接和交易。特别是，该公司专注于支付处理、数字钱包和在线现金解决方案。但 Paysafe 与PayPal或 Square 不是同一家公司。相反，它主要是一个支付处理器。该公司拥有20多年的在线支付经验，2020年的年交易额将达到920亿美元。你可能会认为Paysafe是数字商务的先驱。没错，但还有另一个角度可以为公司的业务带来更多价值。正是该公司对 iGaming 的参与让成长型投资者垂涎三尺。事实上，Paysafe是DraftKings（纳斯达克：DKNG）的独家在线支付处理商。</blockquote></p><p>Should Paysafe be successful in growing its iGaming market, I wouldn’t be surprised if this is a multi-bagger investment in the making. With the company’s impressive global reach, would you say that now is the right time to be one of the early investors before PSFE stock takes off?</p><p><blockquote>如果 Paysafe 成功拓展其 iGaming 市场，那么如果这是一项正在进行的多重投资，我也不会感到惊讶。鉴于该公司令人印象深刻的全球影响力，您认为现在是成为 PSFE 股票起飞前的早期投资者之一的合适时机吗？</blockquote></p><p>MercadoLibre</p><p><blockquote>自由市场</blockquote></p><p></p><p>MercadoLibre is the undisputed leader of e-commerce in the Latin American market. But there is also a high growth opportunity in the fintech segment of the company. If you have heard of this company, chances are you know it has a payment system by the name of Mercado Pago. And this is the Latin American answer to PayPal and Square. More importantly, this payment system has brought impressive results to the company.</p><p><blockquote>MercadoLibre是拉丁美洲市场无可争议的电子商务领导者。但该公司的金融科技部门也存在高增长机会。如果你听说过这家公司，你很可能知道它有一个名为Mercado Pago的支付系统。这是拉丁美洲对PayPal和广场的回答。更重要的是，这种支付系统给公司带来了骄人的业绩。</blockquote></p><p><img src=\"https://static.tigerbbs.com/97b9980ac72bd6644243183a27df8474\" tg-width=\"250\" tg-height=\"209\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>From the company’s first-quarter results released on May 5, net revenue came in 158.4% higher year-over-year to $1.4 billion on a constant currency basis. Total payment transactions through Mercado Pago reached $14.7 billion, a year-over-year increase of 81.8% and 129.2% on a constant currency basis. Total payment transactions rose 116.7% from a year ago, totaling 630.1 million transactions for the quarter.</p><p><blockquote>从该公司 5 月 5 日发布的第一季度业绩来看，按固定汇率计算，净收入同比增长 158.4%，达到 14 亿美元。通过Mercado Pago的支付交易总额达到147亿美元，按固定汇率计算，同比增长81.8%和129.2%。支付交易总额较去年同期增长 116.7%，本季度交易总额达 6.301 亿笔。</blockquote></p><p>With its leading position in both e-commerce and digital payments in its geographies, MercadoLibre certainly has a lot going for it. With the rising affluence in the countries that the company operates, is MELI stock a buy and hold for the decades to come?</p><p><blockquote>凭借其在电子商务和数字支付领域的领先地位，MercadoLibre无疑有很多优势。随着该公司运营所在国家的日益富裕，MELI 股票在未来几十年是否值得买入并持有？</blockquote></p><p>Sea Ltd</p><p><blockquote>海洋有限公司</blockquote></p><p>Similar to MercadoLibre, Sea Ltd. core services consist of e-commerce, digital financial service, and digital entertainment. Sea Ltd gives investors exposure to the fast-growing e-commerce market in Southeast Asia. In particular, our focus today will be on SeaMoney, the leading digital payment and financial service provider in the region. This paired with its massive Shopee e-commerce platform has positioned Sea Limited to benefit from current online shopping trends. The company is slated to report earnings on May 18 before the opening bells.</p><p><blockquote>与 MercadoLibre 类似，Sea Ltd. 的核心服务包括电子商务、数字金融服务和数字娱乐。Sea Ltd 让投资者接触到东南亚快速增长的电子商务市场。特别是，我们今天的重点将是该地区领先的数字支付和金融服务提供商SeaMoney。这一点与其庞大的Shopee电子商务平台相结合，使Sea Limited能够从当前的在线购物趋势中受益。该公司定于 5 月 18 日开盘前公布财报。</blockquote></p><p><img src=\"https://static.tigerbbs.com/8eb1277cbae57d0ba3a726157d2de65e\" tg-width=\"250\" tg-height=\"209\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>It’s worth mentioning that the company’s digital wallet business has partnered with Alphabet (NASDAQ: GOOGL), in which SeaMoney will be among the payment options for Google Play Store in Indonesia. The company has already partnered with Google in Thailand. With fast-growing economies and a big addressable market in Southeast Asia, the growth outlook seems robust.</p><p><blockquote>值得一提的是，该公司的数字钱包业务已与Alphabet（纳斯达克：GOOGL）合作，SeaMoney 将成为 Google Play 商店在印尼的支付选项之一。该公司已经在泰国与谷歌合作。随着东南亚经济的快速增长和一个巨大的潜在市场，增长前景似乎很强劲。</blockquote></p><p>Sure, the company’s e-commerce and digital financial services are yet to be profitable. And that’s okay considering the company is still at a growth stage. With all that in mind, would you bet on SE stock right now before the e-commerce and digital wallet segments start delivering positive earnings?</p><p><blockquote>当然，该公司的电子商务和数字金融服务尚未实现盈利。考虑到公司仍处于成长阶段，这也没关系。考虑到所有这些，在电子商务和数字钱包领域开始带来正收益之前，您现在会押注 SE 股票吗？</blockquote></p><p></p>","source":"lsy1603171495471","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>4 Top Fintech Stocks To Watch After PayPal Reported Record Earnings<blockquote>PayPal公布创纪录收益后值得关注的 4 只顶级金融科技股</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n4 Top Fintech Stocks To Watch After PayPal Reported Record Earnings<blockquote>PayPal公布创纪录收益后值得关注的 4 只顶级金融科技股</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Nasdaq</strong><span class=\"h-time small\">2021-05-07 10:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p>PayPal’s Strong Earnings Show That The Growth For Fintech Stocks Is Far From Over</p><p><blockquote>PayPal的强劲盈利表明，金融科技股的增长远未结束</blockquote></p><p>While many of the hypergrowth names from 2020 continue to slide along with the recent tech rout,<i>fintech stocks</i>remain relatively resilient in the<b><i>stock market today</i></b>. Understandably, this is because of the vital role these companies have played over the past year. Amidst the current pandemic, the adoption of digital payments has and continues to accelerate at breakneck speeds. One doesn’t need to look far to see the impact of fintech on their life. From online payment for goods and services, sending money to trading stocks online, all can be done from your palm.</p><p><blockquote>虽然 2020 年的许多高速增长公司随着最近的科技崩溃而继续下滑，<i>金融科技股</i>保持相对弹性<b><i>今日股市</i></b>可以理解，这是因为这些公司在过去一年中发挥了至关重要的作用。在当前的疫情中，数字支付的采用已经并将继续以极快的速度加速。人们不用走远就能看到金融科技对他们生活的影响。从在线支付商品和服务，汇款到在线交易股票，一切都可以在你的手掌上完成。</blockquote></p><p>It was because of these reasons we could carry out our life with minimal disruptions. Merchants have been relying on fintech providers to keep their business going. For instance,<b>PayPal</b>(NASDAQ: PYPL) is a fintech ecosystem that provides everything a business or individual would need in the cashless world. The fintech giant reported its strongest quarter on record and beat Wall Streets’ estimates on Wednesday. The digital payments company processed a total of $285 billion in payments in the first quarter, up 50% year-over-year. Besides, it also added 14.5 million net new active customers.</p><p><blockquote>正是因为这些原因，我们才能在最小的干扰下继续我们的生活。商家一直依赖金融科技提供商来维持业务运营。例如，<b>PayPal</b>（纳斯达克：PYPL）是一个金融科技生态系统，提供企业或个人在无现金世界中所需的一切。这家金融科技巨头周三公布了有史以来最强劲的季度业绩，并超出了华尔街的预期。这家数字支付公司第一季度共处理了 2850 亿美元的支付，同比增长 50%。此外，还净增活跃客户1450万。</blockquote></p><p>Furthermore, another growing trend in the overall fintech space now would be cryptocurrencies. Venmo, the mobile wallet owned by PayPal, also allows customers to buy and sell cryptocurrencies likeBitcoinand Ethereum. With digital payments expected to be the norm in the future, it is not surprising investors have been looking for top fintech stocks to buy in thestock market. Be it the continuing innovation in fintech services or major adoption of cryptocurrencies, these trends are what many deem as the future of finance. If you are optimistic about what this sector has to offer, let’s look at fourtop fintech stocksto consider buying with plenty of growth opportunities ahead.</p><p><blockquote>此外，整个金融科技领域的另一个增长趋势是加密货币。PayPal旗下的移动钱包 Venmo 还允许客户买卖比特币和以太币等加密货币。随着数字支付预计将成为未来的常态，投资者一直在寻找在股票市场上购买顶级金融科技股也就不足为奇了。无论是金融科技服务的持续创新，还是加密货币的大规模采用，这些趋势都被许多人视为金融的未来。如果您对该行业的前景持乐观态度，让我们来看看四只顶级金融科技股，以便在未来有大量增长机会的情况下考虑买入。</blockquote></p><p>Best Fintech Stocks To Watch Right Now</p><p><blockquote>现在值得关注的最佳金融科技股</blockquote></p><p><ul><li><b>Square Inc.</b>(NYSE: SQ)</li><li><b>Paysafe Ltd</b>(NYSE: PSFE)</li><li><b>MercadoLibre Inc.</b>(NASDAQ: MELI)</li><li><b>Sea Limited</b>(NYSE: SE)</li></ul>Square</p><p><blockquote><ul><li><b>广场公司。</b>（纽约证券交易所代码：SQ）</li><li><b>Paysafe有限公司</b>（纽约证券交易所代码：PSFE）</li><li><b>自由市场公司。</b>（纳斯达克：MELI）</li><li><b>海有限公司</b>（纽约证券交易所代码：SE）</li></ul>平方</blockquote></p><p>Square is a financial services, merchant services aggregator, and mobile payment company that is based in San Francisco. The fintech giant operates two fintech ecosystems, one of which provides a commerce ecosystem that enables its sellers to start, run, and grow their businesses. But what’s sending Square stock over the roof is its Cash App, a growing segment for the company. This is unsurprising given how at the onset of the pandemic, there has been a steady increase in cashless adoption rates and contactless payments.<img src=\"https://static.tigerbbs.com/4d08585cb725b55710b6b0fc1511f0e7\" tg-width=\"250\" tg-height=\"209\" referrerpolicy=\"no-referrer\">If anything, the pandemic had accelerated this shift to digital payments. From its last quarterly report in February, Square reported a quarterly gross profit of $804 million, up by 52% year-over-year. The company’s Cash App delivered strong growth, with a gross profit of $377 million, a staggering 162% year-over-year increase.</p><p><blockquote>Square是一家总部位于旧金山的金融服务、商业服务聚合商和移动支付公司。这家金融科技巨头运营着两个金融科技生态系统，其中一个提供了一个商业生态系统，使其卖家能够启动、运营和发展业务。但让 Square 股价飙升的是它的现金应用程序，这是该公司不断增长的一个细分市场。这并不奇怪，因为在疫情爆发之初，无现金采用率和非接触式支付一直在稳步增长。如果说有什么不同的话，那就是疫情加速了向数字支付的转变。从2月份的上一季度报告来看，Square公布季度毛利润为8.04亿美元，同比增长52%。该公司的现金应用程序实现了强劲增长，毛利润达到 3.77 亿美元，同比增长惊人 162%。</blockquote></p><p>We saw that PayPal has reported its strongest quarter in history. It is natural that investors will be looking at SQ stock today as it will report its earnings after the closing bell today. Considering the accelerating adoption of fintech, will you consider buying SQ stock right now?</p><p><blockquote>我们看到PayPal公布了历史上最强劲的季度。投资者今天关注 SQ 股票是很自然的，因为它将在今天收盘后公布收益。考虑到金融科技的加速采用，您现在会考虑购买 SQ 股票吗？</blockquote></p><p>Paysafe</p><p><blockquote>支付安全</blockquote></p><p>Paysafe is a leading specialized payments platform. Its core purpose is to enable businesses and consumers to connect and transact seamlessly. Particularly, the company specializes in payment processing, digital wallet, and online cash solutions. But Paysafe isn’t the same company as PayPal or Square. Rather, it’s primarily a payment processor. With over 20 years of online payment experience, the company boasts an annualized transactional volume of $92 billion in 2020.<img src=\"https://static.tigerbbs.com/e8088f25bcf21646b7f801bd78c494fb\" tg-width=\"250\" tg-height=\"209\" referrerpolicy=\"no-referrer\">You might have come across Paysafe as a pioneer in digital commerce. That’s right, but there’s another angle that could contribute more value to the company’s business. And it is the company’s involvement in iGaming that has growth investors salivating. In fact, Paysafe is the exclusive online payment processor for DraftKings (NASDAQ: DKNG).</p><p><blockquote>Paysafe是领先的专业支付平台。其核心目的是使企业和消费者能够无缝连接和交易。特别是，该公司专注于支付处理、数字钱包和在线现金解决方案。但 Paysafe 与PayPal或 Square 不是同一家公司。相反，它主要是一个支付处理器。该公司拥有20多年的在线支付经验，2020年的年交易额将达到920亿美元。你可能会认为Paysafe是数字商务的先驱。没错，但还有另一个角度可以为公司的业务带来更多价值。正是该公司对 iGaming 的参与让成长型投资者垂涎三尺。事实上，Paysafe是DraftKings（纳斯达克：DKNG）的独家在线支付处理商。</blockquote></p><p>Should Paysafe be successful in growing its iGaming market, I wouldn’t be surprised if this is a multi-bagger investment in the making. With the company’s impressive global reach, would you say that now is the right time to be one of the early investors before PSFE stock takes off?</p><p><blockquote>如果 Paysafe 成功拓展其 iGaming 市场，那么如果这是一项正在进行的多重投资，我也不会感到惊讶。鉴于该公司令人印象深刻的全球影响力，您认为现在是成为 PSFE 股票起飞前的早期投资者之一的合适时机吗？</blockquote></p><p>MercadoLibre</p><p><blockquote>自由市场</blockquote></p><p></p><p>MercadoLibre is the undisputed leader of e-commerce in the Latin American market. But there is also a high growth opportunity in the fintech segment of the company. If you have heard of this company, chances are you know it has a payment system by the name of Mercado Pago. And this is the Latin American answer to PayPal and Square. More importantly, this payment system has brought impressive results to the company.</p><p><blockquote>MercadoLibre是拉丁美洲市场无可争议的电子商务领导者。但该公司的金融科技部门也存在高增长机会。如果你听说过这家公司，你很可能知道它有一个名为Mercado Pago的支付系统。这是拉丁美洲对PayPal和广场的回答。更重要的是，这种支付系统给公司带来了骄人的业绩。</blockquote></p><p><img src=\"https://static.tigerbbs.com/97b9980ac72bd6644243183a27df8474\" tg-width=\"250\" tg-height=\"209\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>From the company’s first-quarter results released on May 5, net revenue came in 158.4% higher year-over-year to $1.4 billion on a constant currency basis. Total payment transactions through Mercado Pago reached $14.7 billion, a year-over-year increase of 81.8% and 129.2% on a constant currency basis. Total payment transactions rose 116.7% from a year ago, totaling 630.1 million transactions for the quarter.</p><p><blockquote>从该公司 5 月 5 日发布的第一季度业绩来看，按固定汇率计算，净收入同比增长 158.4%，达到 14 亿美元。通过Mercado Pago的支付交易总额达到147亿美元，按固定汇率计算，同比增长81.8%和129.2%。支付交易总额较去年同期增长 116.7%，本季度交易总额达 6.301 亿笔。</blockquote></p><p>With its leading position in both e-commerce and digital payments in its geographies, MercadoLibre certainly has a lot going for it. With the rising affluence in the countries that the company operates, is MELI stock a buy and hold for the decades to come?</p><p><blockquote>凭借其在电子商务和数字支付领域的领先地位，MercadoLibre无疑有很多优势。随着该公司运营所在国家的日益富裕，MELI 股票在未来几十年是否值得买入并持有？</blockquote></p><p>Sea Ltd</p><p><blockquote>海洋有限公司</blockquote></p><p>Similar to MercadoLibre, Sea Ltd. core services consist of e-commerce, digital financial service, and digital entertainment. Sea Ltd gives investors exposure to the fast-growing e-commerce market in Southeast Asia. In particular, our focus today will be on SeaMoney, the leading digital payment and financial service provider in the region. This paired with its massive Shopee e-commerce platform has positioned Sea Limited to benefit from current online shopping trends. The company is slated to report earnings on May 18 before the opening bells.</p><p><blockquote>与 MercadoLibre 类似，Sea Ltd. 的核心服务包括电子商务、数字金融服务和数字娱乐。Sea Ltd 让投资者接触到东南亚快速增长的电子商务市场。特别是，我们今天的重点将是该地区领先的数字支付和金融服务提供商SeaMoney。这一点与其庞大的Shopee电子商务平台相结合，使Sea Limited能够从当前的在线购物趋势中受益。该公司定于 5 月 18 日开盘前公布财报。</blockquote></p><p><img src=\"https://static.tigerbbs.com/8eb1277cbae57d0ba3a726157d2de65e\" tg-width=\"250\" tg-height=\"209\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>It’s worth mentioning that the company’s digital wallet business has partnered with Alphabet (NASDAQ: GOOGL), in which SeaMoney will be among the payment options for Google Play Store in Indonesia. The company has already partnered with Google in Thailand. With fast-growing economies and a big addressable market in Southeast Asia, the growth outlook seems robust.</p><p><blockquote>值得一提的是，该公司的数字钱包业务已与Alphabet（纳斯达克：GOOGL）合作，SeaMoney 将成为 Google Play 商店在印尼的支付选项之一。该公司已经在泰国与谷歌合作。随着东南亚经济的快速增长和一个巨大的潜在市场，增长前景似乎很强劲。</blockquote></p><p>Sure, the company’s e-commerce and digital financial services are yet to be profitable. And that’s okay considering the company is still at a growth stage. With all that in mind, would you bet on SE stock right now before the e-commerce and digital wallet segments start delivering positive earnings?</p><p><blockquote>当然，该公司的电子商务和数字金融服务尚未实现盈利。考虑到公司仍处于成长阶段，这也没关系。考虑到所有这些，在电子商务和数字钱包领域开始带来正收益之前，您现在会押注 SE 股票吗？</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.nasdaq.com/articles/4-top-fintech-stocks-to-watch-after-paypal-reported-record-earnings-2021-05-06\">Nasdaq</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd","PSFE":"Paysafe Ltd","MELI":"MercadoLibre"},"source_url":"https://www.nasdaq.com/articles/4-top-fintech-stocks-to-watch-after-paypal-reported-record-earnings-2021-05-06","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137949521","content_text":"PayPal’s Strong Earnings Show That The Growth For Fintech Stocks Is Far From OverWhile many of the hypergrowth names from 2020 continue to slide along with the recent tech rout,fintech stocksremain relatively resilient in thestock market today. Understandably, this is because of the vital role these companies have played over the past year. Amidst the current pandemic, the adoption of digital payments has and continues to accelerate at breakneck speeds. One doesn’t need to look far to see the impact of fintech on their life. From online payment for goods and services, sending money to trading stocks online, all can be done from your palm.It was because of these reasons we could carry out our life with minimal disruptions. Merchants have been relying on fintech providers to keep their business going. For instance,PayPal(NASDAQ: PYPL) is a fintech ecosystem that provides everything a business or individual would need in the cashless world. The fintech giant reported its strongest quarter on record and beat Wall Streets’ estimates on Wednesday. The digital payments company processed a total of $285 billion in payments in the first quarter, up 50% year-over-year. Besides, it also added 14.5 million net new active customers.Furthermore, another growing trend in the overall fintech space now would be cryptocurrencies. Venmo, the mobile wallet owned by PayPal, also allows customers to buy and sell cryptocurrencies likeBitcoinand Ethereum. With digital payments expected to be the norm in the future, it is not surprising investors have been looking for top fintech stocks to buy in thestock market. Be it the continuing innovation in fintech services or major adoption of cryptocurrencies, these trends are what many deem as the future of finance. If you are optimistic about what this sector has to offer, let’s look at fourtop fintech stocksto consider buying with plenty of growth opportunities ahead.Best Fintech Stocks To Watch Right NowSquare Inc.(NYSE: SQ)Paysafe Ltd(NYSE: PSFE)MercadoLibre Inc.(NASDAQ: MELI)Sea Limited(NYSE: SE)SquareSquare is a financial services, merchant services aggregator, and mobile payment company that is based in San Francisco. The fintech giant operates two fintech ecosystems, one of which provides a commerce ecosystem that enables its sellers to start, run, and grow their businesses. But what’s sending Square stock over the roof is its Cash App, a growing segment for the company. This is unsurprising given how at the onset of the pandemic, there has been a steady increase in cashless adoption rates and contactless payments.If anything, the pandemic had accelerated this shift to digital payments. From its last quarterly report in February, Square reported a quarterly gross profit of $804 million, up by 52% year-over-year. The company’s Cash App delivered strong growth, with a gross profit of $377 million, a staggering 162% year-over-year increase.We saw that PayPal has reported its strongest quarter in history. It is natural that investors will be looking at SQ stock today as it will report its earnings after the closing bell today. Considering the accelerating adoption of fintech, will you consider buying SQ stock right now?PaysafePaysafe is a leading specialized payments platform. Its core purpose is to enable businesses and consumers to connect and transact seamlessly. Particularly, the company specializes in payment processing, digital wallet, and online cash solutions. But Paysafe isn’t the same company as PayPal or Square. Rather, it’s primarily a payment processor. With over 20 years of online payment experience, the company boasts an annualized transactional volume of $92 billion in 2020.You might have come across Paysafe as a pioneer in digital commerce. That’s right, but there’s another angle that could contribute more value to the company’s business. And it is the company’s involvement in iGaming that has growth investors salivating. In fact, Paysafe is the exclusive online payment processor for DraftKings (NASDAQ: DKNG).Should Paysafe be successful in growing its iGaming market, I wouldn’t be surprised if this is a multi-bagger investment in the making. With the company’s impressive global reach, would you say that now is the right time to be one of the early investors before PSFE stock takes off?MercadoLibreMercadoLibre is the undisputed leader of e-commerce in the Latin American market. But there is also a high growth opportunity in the fintech segment of the company. If you have heard of this company, chances are you know it has a payment system by the name of Mercado Pago. And this is the Latin American answer to PayPal and Square. More importantly, this payment system has brought impressive results to the company.From the company’s first-quarter results released on May 5, net revenue came in 158.4% higher year-over-year to $1.4 billion on a constant currency basis. Total payment transactions through Mercado Pago reached $14.7 billion, a year-over-year increase of 81.8% and 129.2% on a constant currency basis. Total payment transactions rose 116.7% from a year ago, totaling 630.1 million transactions for the quarter.With its leading position in both e-commerce and digital payments in its geographies, MercadoLibre certainly has a lot going for it. With the rising affluence in the countries that the company operates, is MELI stock a buy and hold for the decades to come?Sea LtdSimilar to MercadoLibre, Sea Ltd. core services consist of e-commerce, digital financial service, and digital entertainment. Sea Ltd gives investors exposure to the fast-growing e-commerce market in Southeast Asia. In particular, our focus today will be on SeaMoney, the leading digital payment and financial service provider in the region. This paired with its massive Shopee e-commerce platform has positioned Sea Limited to benefit from current online shopping trends. The company is slated to report earnings on May 18 before the opening bells.It’s worth mentioning that the company’s digital wallet business has partnered with Alphabet (NASDAQ: GOOGL), in which SeaMoney will be among the payment options for Google Play Store in Indonesia. The company has already partnered with Google in Thailand. With fast-growing economies and a big addressable market in Southeast Asia, the growth outlook seems robust.Sure, the company’s e-commerce and digital financial services are yet to be profitable. And that’s okay considering the company is still at a growth stage. With all that in mind, would you bet on SE stock right now before the e-commerce and digital wallet segments start delivering positive earnings?","news_type":1,"symbols_score_info":{"SQ":0.9,"SE":0.9,"MELI":0.9,"PSFE":0.9}},"isVote":1,"tweetType":1,"viewCount":908,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106668004,"gmtCreate":1620112722408,"gmtModify":1631892367456,"author":{"id":"3581814038363779","authorId":"3581814038363779","name":"Matthewlee","avatar":"https://static.tigerbbs.com/1b353e4b25bc0161b43146b622f27f99","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814038363779","idStr":"3581814038363779"},"themes":[],"title":"","htmlText":"How will this affect the stock market?","listText":"How will this affect the stock market?","text":"How will this affect the stock market?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/106668004","repostId":"1141446343","repostType":4,"repost":{"id":"1141446343","kind":"news","pubTimestamp":1620108260,"share":"https://www.laohunote.com/m/news/1141446343?lang=zh_CN&edition=full","pubTime":"2021-05-04 14:04","market":"us","language":"en","title":"Bill and Melinda Gates are getting divorced. Here are some stocks they owned<blockquote>比尔和梅林达·盖茨要离婚了。以下是他们拥有的一些股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1141446343","media":"seeking alpha","summary":"Though the pairin a statement assuredthe public that they will continue to work together at their foundation despiteending their marriage, the news about the Microsoftfounder and his partner of 27 years may send shockwaves across their projects.In the latest13F filingfrom the Bill and Melinda Gates Foundation Trust for the period ended 12/31/20, top holdings by value in descending order included Berkshire Hathaway, Waste Management, Caterpillar, Canadian National, Walmart, EcoLab, Crown Castle, ","content":"<p><ul><li>Though the pairin a statement assuredthe public that they will continue to work together at their foundation despiteending their marriage, the news about the Microsoft(NASDAQ:MSFT)founder and his partner of 27 years may send shockwaves across their projects.</li><li>In the latest13F filingfrom the Bill and Melinda Gates Foundation Trust for the period ended 12/31/20, top holdings by value in descending order included Berkshire Hathaway(NYSE:BRK.B), Waste Management(NYSE:WM), Caterpillar(NYSE:CAT), Canadian National(NYSE:CNI), Walmart(NYSE:WMT), EcoLab(NYSE:ECL), Crown Castle(NYSE:CCI), Fedex(NYSE:FDX)and UPS(NYSE:UPS).</li><li><a href=\"https://laohu8.com/S/TWOA.U\">Two</a> stocks in which the foundation has a large stake (more than 10% of shares outstanding) included Schrodinger(NASDAQ:SDGR)and Coca-Cola Femsa(NYSE:KOF).</li><li>Most of the other holdings were below $1 billion in market value and their ownership consisted of less than 3% of shares outstanding in the associated stock.</li><li>The Bill and Melinda Gates Foundation, in their latestquarterly filing, disclosed ownership stakes in Amyris(NASDAQ:AMRS), Vir Biotech(NASDAQ:VIR), BionTech(NASDAQ:BNTX), Curevac(NASDAQ:CVAC)and <a href=\"https://laohu8.com/S/BCEL\">Atreca</a>(NASDAQ:BCEL).</li><li>Our readers may recall when the world's richest person, Jeff Bezos, and his partner Mackenzie Scottcalled it quits two years ago.&nbsp;This is how their wealth ended upsplit between them.</li></ul></p><p><blockquote><ul><li>尽管这对夫妇在一份声明中向公众保证，尽管他们已经结婚，但他们仍将继续在基金会合作，但有关这位微软（纳斯达克股票代码：MSFT）创始人和他 27 年的伴侣的消息可能会给他们的项目带来冲击波。</li><li>在 Bill 和 Melinda Gates Foundation Trust 提交的截至 2020 年 12 月 31 日期间的最新 13F 文件中，按价值降序排列的最大持股包括伯克希尔哈撒韦公司 (NYSE:BRK.B)、废物管理公司 (NYSE:WM)、卡特彼勒公司 (NYSE:CAT)、加拿大国家航空 (NYSE:CNI)、沃尔玛 (NYSE:WMT)、艺康 (NYSE:ECL)、皇冠城堡 (NYSE:CCI)、联邦快递 (NYSE:FDX) 和 UPS (NYSE:UPS)。</li><li><a href=\"https://laohu8.com/S/TWOA.U\">二</a>该基金会持有大量股份（超过流通股的 10%）的股票包括薛定谔（纳斯达克股票代码：SDGR）和可口可乐 Femsa（纽约证券交易所股票代码：KOF）。</li><li>大多数其他持股的市值低于 10 亿美元，其所有权仅占相关股票流通股的不到 3%。</li><li>比尔及梅琳达·盖茨基金会在最新的季度文件中披露了 Amyris（纳斯达克股票代码：AMRS）、Vir Biotech（纳斯达克股票代码：VIR）、BionTech（纳斯达克股票代码：BNTX）、Curevac（纳斯达克股票代码：CVAC）和<a href=\"https://laohu8.com/S/BCEL\">阿特雷卡</a>（纳斯达克股票代码：BCEL）</li><li>我们的读者可能还记得两年前世界首富杰夫·贝索斯和他的合伙人麦肯齐·斯科特宣布退出。这就是他们的财富最终在他们之间瓜分的方式。</li></ul></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bill and Melinda Gates are getting divorced. Here are some stocks they owned<blockquote>比尔和梅林达·盖茨要离婚了。以下是他们拥有的一些股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBill and Melinda Gates are getting divorced. Here are some stocks they owned<blockquote>比尔和梅林达·盖茨要离婚了。以下是他们拥有的一些股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seeking alpha</strong><span class=\"h-time small\">2021-05-04 14:04</span>\n</p>\n</h4>\n</header>\n<article>\n<p><ul><li>Though the pairin a statement assuredthe public that they will continue to work together at their foundation despiteending their marriage, the news about the Microsoft(NASDAQ:MSFT)founder and his partner of 27 years may send shockwaves across their projects.</li><li>In the latest13F filingfrom the Bill and Melinda Gates Foundation Trust for the period ended 12/31/20, top holdings by value in descending order included Berkshire Hathaway(NYSE:BRK.B), Waste Management(NYSE:WM), Caterpillar(NYSE:CAT), Canadian National(NYSE:CNI), Walmart(NYSE:WMT), EcoLab(NYSE:ECL), Crown Castle(NYSE:CCI), Fedex(NYSE:FDX)and UPS(NYSE:UPS).</li><li><a href=\"https://laohu8.com/S/TWOA.U\">Two</a> stocks in which the foundation has a large stake (more than 10% of shares outstanding) included Schrodinger(NASDAQ:SDGR)and Coca-Cola Femsa(NYSE:KOF).</li><li>Most of the other holdings were below $1 billion in market value and their ownership consisted of less than 3% of shares outstanding in the associated stock.</li><li>The Bill and Melinda Gates Foundation, in their latestquarterly filing, disclosed ownership stakes in Amyris(NASDAQ:AMRS), Vir Biotech(NASDAQ:VIR), BionTech(NASDAQ:BNTX), Curevac(NASDAQ:CVAC)and <a href=\"https://laohu8.com/S/BCEL\">Atreca</a>(NASDAQ:BCEL).</li><li>Our readers may recall when the world's richest person, Jeff Bezos, and his partner Mackenzie Scottcalled it quits two years ago.&nbsp;This is how their wealth ended upsplit between them.</li></ul></p><p><blockquote><ul><li>尽管这对夫妇在一份声明中向公众保证，尽管他们已经结婚，但他们仍将继续在基金会合作，但有关这位微软（纳斯达克股票代码：MSFT）创始人和他 27 年的伴侣的消息可能会给他们的项目带来冲击波。</li><li>在 Bill 和 Melinda Gates Foundation Trust 提交的截至 2020 年 12 月 31 日期间的最新 13F 文件中，按价值降序排列的最大持股包括伯克希尔哈撒韦公司 (NYSE:BRK.B)、废物管理公司 (NYSE:WM)、卡特彼勒公司 (NYSE:CAT)、加拿大国家航空 (NYSE:CNI)、沃尔玛 (NYSE:WMT)、艺康 (NYSE:ECL)、皇冠城堡 (NYSE:CCI)、联邦快递 (NYSE:FDX) 和 UPS (NYSE:UPS)。</li><li><a href=\"https://laohu8.com/S/TWOA.U\">二</a>该基金会持有大量股份（超过流通股的 10%）的股票包括薛定谔（纳斯达克股票代码：SDGR）和可口可乐 Femsa（纽约证券交易所股票代码：KOF）。</li><li>大多数其他持股的市值低于 10 亿美元，其所有权仅占相关股票流通股的不到 3%。</li><li>比尔及梅琳达·盖茨基金会在最新的季度文件中披露了 Amyris（纳斯达克股票代码：AMRS）、Vir Biotech（纳斯达克股票代码：VIR）、BionTech（纳斯达克股票代码：BNTX）、Curevac（纳斯达克股票代码：CVAC）和<a href=\"https://laohu8.com/S/BCEL\">阿特雷卡</a>（纳斯达克股票代码：BCEL）</li><li>我们的读者可能还记得两年前世界首富杰夫·贝索斯和他的合伙人麦肯齐·斯科特宣布退出。这就是他们的财富最终在他们之间瓜分的方式。</li></ul></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/news/3689813-bill-and-melinda-gates-are-getting-divorced-here-are-some-stocks-they-owned\">seeking alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FDX":"联邦快递","UPS":"联合包裹","VIR":"Vir Biotechnology, Inc.","CCI":"冠城","WM":"美国废物管理","AMRS":"阿米瑞斯","KOF":"可口可乐凡萨瓶装","CVAC":"CureVac B.V.","BNTX":"BioNTech SE","BRK.B":"伯克希尔B","CNI":"加拿大国家铁路","WMT":"沃尔玛","MSFT":"微软","SDGR":"Schrodinger Inc.","WCLD":"WisdomTree Cloud Computing Fund","CAT":"卡特彼勒"},"source_url":"https://seekingalpha.com/news/3689813-bill-and-melinda-gates-are-getting-divorced-here-are-some-stocks-they-owned","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141446343","content_text":"Though the pairin a statement assuredthe public that they will continue to work together at their foundation despiteending their marriage, the news about the Microsoft(NASDAQ:MSFT)founder and his partner of 27 years may send shockwaves across their projects.In the latest13F filingfrom the Bill and Melinda Gates Foundation Trust for the period ended 12/31/20, top holdings by value in descending order included Berkshire Hathaway(NYSE:BRK.B), Waste Management(NYSE:WM), Caterpillar(NYSE:CAT), Canadian National(NYSE:CNI), Walmart(NYSE:WMT), EcoLab(NYSE:ECL), Crown Castle(NYSE:CCI), Fedex(NYSE:FDX)and UPS(NYSE:UPS).Two stocks in which the foundation has a large stake (more than 10% of shares outstanding) included Schrodinger(NASDAQ:SDGR)and Coca-Cola Femsa(NYSE:KOF).Most of the other holdings were below $1 billion in market value and their ownership consisted of less than 3% of shares outstanding in the associated stock.The Bill and Melinda Gates Foundation, in their latestquarterly filing, disclosed ownership stakes in Amyris(NASDAQ:AMRS), Vir Biotech(NASDAQ:VIR), BionTech(NASDAQ:BNTX), Curevac(NASDAQ:CVAC)and Atreca(NASDAQ:BCEL).Our readers may recall when the world's richest person, Jeff Bezos, and his partner Mackenzie Scottcalled it quits two years ago. This is how their wealth ended upsplit between them.","news_type":1,"symbols_score_info":{"CAT":0.9,"FDX":0.9,"VIR":0.9,"WCLD":0.9,"AMRS":0.9,"CVAC":0.9,"WM":0.9,"BNTX":0.9,"BRK.B":0.9,"UPS":0.9,"CCI":0.9,"CNI":0.9,"KOF":0.9,"WMT":0.9,"MSFT":0.9,"BCEL":0.9,"SDGR":0.9}},"isVote":1,"tweetType":1,"viewCount":577,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":109406865,"gmtCreate":1619707690057,"gmtModify":1631892367471,"author":{"id":"3581814038363779","authorId":"3581814038363779","name":"Matthewlee","avatar":"https://static.tigerbbs.com/1b353e4b25bc0161b43146b622f27f99","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814038363779","idStr":"3581814038363779"},"themes":[],"title":"","htmlText":"Take note for the dip","listText":"Take note for the dip","text":"Take note for the dip","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/109406865","repostId":"1185341489","repostType":4,"repost":{"id":"1185341489","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1619704562,"share":"https://www.laohunote.com/m/news/1185341489?lang=zh_CN&edition=full","pubTime":"2021-04-29 21:56","market":"us","language":"en","title":"Ford's stock price fell nearly 10% in early trading<blockquote>福特股价早盘下跌近10%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1185341489","media":"Tiger Newspress","summary":"Ford fell nearly 10%, and the company warned that financial losses caused by a continuing global sho","content":"<p>Ford fell nearly 10%, and the company warned that financial losses caused by a continuing global shortage of computer chips could worsen.</p><p><blockquote>福特股价下跌近10%，该公司警告称，全球电脑芯片持续短缺造成的财务损失可能会恶化。</blockquote></p><p><img src=\"https://static.tigerbbs.com/ad9ee838f2fc2f518bb6066668c26fa3\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ford's stock price fell nearly 10% in early trading<blockquote>福特股价早盘下跌近10%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFord's stock price fell nearly 10% in early trading<blockquote>福特股价早盘下跌近10%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-04-29 21:56</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Ford fell nearly 10%, and the company warned that financial losses caused by a continuing global shortage of computer chips could worsen.</p><p><blockquote>福特股价下跌近10%，该公司警告称，全球电脑芯片持续短缺造成的财务损失可能会恶化。</blockquote></p><p><img src=\"https://static.tigerbbs.com/ad9ee838f2fc2f518bb6066668c26fa3\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"F":"福特汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185341489","content_text":"Ford fell nearly 10%, and the company warned that financial losses caused by a continuing global shortage of computer chips could worsen.","news_type":1,"symbols_score_info":{"F":0.9}},"isVote":1,"tweetType":1,"viewCount":459,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":374850530,"gmtCreate":1619439975920,"gmtModify":1631892367482,"author":{"id":"3581814038363779","authorId":"3581814038363779","name":"Matthewlee","avatar":"https://static.tigerbbs.com/1b353e4b25bc0161b43146b622f27f99","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814038363779","idStr":"3581814038363779"},"themes":[],"title":"","htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/374850530","repostId":"2130364766","repostType":4,"repost":{"id":"2130364766","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1619318325,"share":"https://www.laohunote.com/m/news/2130364766?lang=zh_CN&edition=full","pubTime":"2021-04-25 10:38","market":"us","language":"en","title":"What to Expect From Tesla's Q1 Earnings Report On Monday<blockquote>特斯拉周一第一季度收益报告有何期待</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2130364766","media":"Benzinga Earnings","summary":"EV giant Tesla, Inc.  is scheduled to release its first-quarter results Monday, after the market close.Key Q1 Metrics to Watch For:  Tesla is expected to report non-GAAP earnings per share, or EPS, of 79 cents in the first quarter of 2021, up sharply from 23 cents in the year-ago quarter.The consensus revenue forecast for the quarter is at $10.29 billion, up 72% year-over-year.Focus On Regulatory Credits, Automotive Margins:  The focus is likely to be on regulatory credits, which accounted for 4","content":"<p><img src=\"https://static.tigerbbs.com/fe458ac1cf82668bd4bf27fbaa6506e5\" tg-width=\"600\" tg-height=\"400\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>EV giant <b>Tesla, Inc. </b>(NASDAQ: TSLA) is scheduled to release its first-quarter results Monday, after the market close.</p><p><blockquote>房屋巨人<b>特斯拉公司。</b>（纳斯达克：TSLA）定于周一收盘后发布第一季度业绩。</blockquote></p><p><b>Key Q1 Metrics to Watch For: </b> Tesla is expected to report non-GAAP earnings per share, or EPS, of 79 cents in the first quarter of 2021, up sharply from 23 cents in the year-ago quarter.</p><p><blockquote><b>第一季度需要关注的关键指标：</b>特斯拉预计 2021 年第一季度非 GAAP 每股收益 (EPS) 为 79 美分，高于去年同期的 23 美分。</blockquote></p><p>The consensus revenue forecast for the quarter is at $10.29 billion, up 72% year-over-year.</p><p><blockquote>该季度的普遍收入预测为 102.9 亿美元，同比增长 72%。</blockquote></p><p>In the fourth quarter, Tesla had earned 80 cents per share on a non-GAAP basis on revenues of $10.74 billion.</p><p><blockquote>第四季度，特斯拉按非公认会计准则计算，每股收益为 80 美分，营收为 107.4 亿美元。</blockquote></p><p>Tesla revealed in early April it delivered a record 184,800 vehicles in the first quarter, comprising 182,780 Model 3/Y vehicles and 2,020 Model S/X vehicles. This represents a 109% year-over-year increase and 2.2% sequential growth. Quarterly production was at 180,338.</p><p><blockquote>特斯拉在4月初透露，第一季度交付了创纪录的184,800辆汽车，其中包括182,780辆Model 3/Y汽车和2020辆Model S/X汽车。这意味着同比增长 109%，环比增长 2.2%。季度产量为180,338。</blockquote></p><p><b>Focus On Regulatory Credits, Automotive Margins: </b> The focus is likely to be on regulatory credits, which accounted for 4.3% of its revenues in the fourth quarter of 2020. Zero-emission vehicle regulations adopted by several states allow EV manufacturers to&nbsp;earn regulatory credits, which can be monetized by selling to legacy automakers, who are not able to achieve the minimum target set for the proportion of green energy vehicles sold.</p><p><blockquote><b>关注监管信贷、汽车利润率：</b>重点可能是监管信贷，2020 年第四季度监管信贷占其收入的 4.3%。几个州采用的零排放汽车法规允许电动汽车制造商获得监管积分，这些积分可以通过向传统汽车制造商出售来货币化，而传统汽车制造商无法实现为绿色能源汽车销售比例设定的最低目标。</blockquote></p><p>Automotive gross margin slipped to 24.1% in the fourth quarter of 2020 from 27.7% in the previous quarter. It's likely the company could see a further moderation in margins, as production of the higher priced Model S/X vehicles was stalled in the quarter to allow for model refreshes.</p><p><blockquote>2020年第四季度汽车毛利率从上一季度的27.7%下滑至24.1%。由于本季度价格较高的 Model S/X 车辆的生产陷入停滞，以便更新车型，该公司的利润率可能会进一步放缓。</blockquote></p><p><b>View more earnings on TSLA</b></p><p><blockquote><b>查看 TSLA 的更多收益</b></blockquote></p><p>With competitive pressure intensifying, Tesla could aggressively slash vehicles prices in order to achieve volume production targets, long-time Tesla bear Gordon Johnson said in a note previewing the quarterly results.</p><p><blockquote>特斯拉长期空头 Gordon Johnson 在一份预览季度业绩的报告中表示，随着竞争压力的加剧，特斯拉可能会大幅削减汽车价格，以实现批量生产目标。</blockquote></p><p>Tesla investors may also be keen to find out more about the company's Bitcoin investment strategy and its decision to allow the use of Bitcoin for vehicle purchases.</p><p><blockquote>特斯拉投资者可能也渴望了解更多有关该公司比特币投资战略及其允许使用比特币购买汽车的决定的信息。</blockquote></p><p><b>Forward Outlook:</b> Tesla is well positioned to capitalize on the opportunity presented by the exponential growth that is anticipated for green energy vehicles.<b> </b>Its&nbsp;Giga Shanghai factory is now churning out both Model S and Model Y vehicles, and more capacity is expected to come on line with the opening of factories in Berlin and Texas.</p><p><blockquote><b>展望：</b>特斯拉处于有利地位，可以利用绿色能源汽车预期指数级增长带来的机遇。<b></b>其上海超级工厂目前正在生产 Model S 和 Model Y 汽车，随着柏林和德克萨斯州工厂的开业，预计产能将增加。</blockquote></p><p>Tesla's CFO Zach Kirkhorn said on the earnings call that the company is shooting for a 50% compounded annual growth rate in volume sales&nbsp;and expects to materially exceed the target in 2021.</p><p><blockquote>特斯拉首席财务官扎克·柯克霍恩 (Zach Kirkhorn) 在财报看涨期权上表示，该公司的目标是销量复合年增长率达到 50%，预计 2021 年将大幅超过目标。</blockquote></p><p><b>Stock Take: </b> Tesla's shares, which were flying high until early February, joined the tech sell-off that ensued. From a split-adjusted high of $900.40 on Jan. 25, the stock fell to $539.49 on March 5, a peak-to-trough decline of 40%.</p><p><blockquote><b>盘点：</b>特斯拉的股价在二月初之前一直飙升，加入了随后的科技抛售行列。该股从1月25日分割调整后的高点900.40美元，3月5日跌至539.49美元，从峰谷跌幅达40%。</blockquote></p><p>Although the stock has made good some of the losses since then, it is yet to break above $800 level.</p><p><blockquote>尽管该股此后弥补了部分损失，但尚未突破 800 美元水平。</blockquote></p><p>Tesla holds a several-year lead and is now expanding aggressively into storage, and therefore a premium valuation for its shares is justified, CANACCORD Genuity analyst Jed Dorsheimer said in a recent note. The firm has a $1,071 price target for the stock.</p><p><blockquote>CANACCORD Genuity 分析师 Jed Dorsheimer 在最近的一份报告中表示，特斯拉保持了数年的领先地位，目前正在积极扩展到存储领域，因此其股票的溢价估值是合理的。该公司对该股的目标价为 1,071 美元。</blockquote></p><p>Friday, Tesla's shares ended 1.35% higher at $729.40.</p><p><blockquote>周五，特斯拉股价收盘上涨 1.35%，至 729.40 美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What to Expect From Tesla's Q1 Earnings Report On Monday<blockquote>特斯拉周一第一季度收益报告有何期待</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat to Expect From Tesla's Q1 Earnings Report On Monday<blockquote>特斯拉周一第一季度收益报告有何期待</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time smaller\">2021-04-25 10:38</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><img src=\"https://static.tigerbbs.com/fe458ac1cf82668bd4bf27fbaa6506e5\" tg-width=\"600\" tg-height=\"400\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>EV giant <b>Tesla, Inc. </b>(NASDAQ: TSLA) is scheduled to release its first-quarter results Monday, after the market close.</p><p><blockquote>房屋巨人<b>特斯拉公司。</b>（纳斯达克：TSLA）定于周一收盘后发布第一季度业绩。</blockquote></p><p><b>Key Q1 Metrics to Watch For: </b> Tesla is expected to report non-GAAP earnings per share, or EPS, of 79 cents in the first quarter of 2021, up sharply from 23 cents in the year-ago quarter.</p><p><blockquote><b>第一季度需要关注的关键指标：</b>特斯拉预计 2021 年第一季度非 GAAP 每股收益 (EPS) 为 79 美分，高于去年同期的 23 美分。</blockquote></p><p>The consensus revenue forecast for the quarter is at $10.29 billion, up 72% year-over-year.</p><p><blockquote>该季度的普遍收入预测为 102.9 亿美元，同比增长 72%。</blockquote></p><p>In the fourth quarter, Tesla had earned 80 cents per share on a non-GAAP basis on revenues of $10.74 billion.</p><p><blockquote>第四季度，特斯拉按非公认会计准则计算，每股收益为 80 美分，营收为 107.4 亿美元。</blockquote></p><p>Tesla revealed in early April it delivered a record 184,800 vehicles in the first quarter, comprising 182,780 Model 3/Y vehicles and 2,020 Model S/X vehicles. This represents a 109% year-over-year increase and 2.2% sequential growth. Quarterly production was at 180,338.</p><p><blockquote>特斯拉在4月初透露，第一季度交付了创纪录的184,800辆汽车，其中包括182,780辆Model 3/Y汽车和2020辆Model S/X汽车。这意味着同比增长 109%，环比增长 2.2%。季度产量为180,338。</blockquote></p><p><b>Focus On Regulatory Credits, Automotive Margins: </b> The focus is likely to be on regulatory credits, which accounted for 4.3% of its revenues in the fourth quarter of 2020. Zero-emission vehicle regulations adopted by several states allow EV manufacturers to&nbsp;earn regulatory credits, which can be monetized by selling to legacy automakers, who are not able to achieve the minimum target set for the proportion of green energy vehicles sold.</p><p><blockquote><b>关注监管信贷、汽车利润率：</b>重点可能是监管信贷，2020 年第四季度监管信贷占其收入的 4.3%。几个州采用的零排放汽车法规允许电动汽车制造商获得监管积分，这些积分可以通过向传统汽车制造商出售来货币化，而传统汽车制造商无法实现为绿色能源汽车销售比例设定的最低目标。</blockquote></p><p>Automotive gross margin slipped to 24.1% in the fourth quarter of 2020 from 27.7% in the previous quarter. It's likely the company could see a further moderation in margins, as production of the higher priced Model S/X vehicles was stalled in the quarter to allow for model refreshes.</p><p><blockquote>2020年第四季度汽车毛利率从上一季度的27.7%下滑至24.1%。由于本季度价格较高的 Model S/X 车辆的生产陷入停滞，以便更新车型，该公司的利润率可能会进一步放缓。</blockquote></p><p><b>View more earnings on TSLA</b></p><p><blockquote><b>查看 TSLA 的更多收益</b></blockquote></p><p>With competitive pressure intensifying, Tesla could aggressively slash vehicles prices in order to achieve volume production targets, long-time Tesla bear Gordon Johnson said in a note previewing the quarterly results.</p><p><blockquote>特斯拉长期空头 Gordon Johnson 在一份预览季度业绩的报告中表示，随着竞争压力的加剧，特斯拉可能会大幅削减汽车价格，以实现批量生产目标。</blockquote></p><p>Tesla investors may also be keen to find out more about the company's Bitcoin investment strategy and its decision to allow the use of Bitcoin for vehicle purchases.</p><p><blockquote>特斯拉投资者可能也渴望了解更多有关该公司比特币投资战略及其允许使用比特币购买汽车的决定的信息。</blockquote></p><p><b>Forward Outlook:</b> Tesla is well positioned to capitalize on the opportunity presented by the exponential growth that is anticipated for green energy vehicles.<b> </b>Its&nbsp;Giga Shanghai factory is now churning out both Model S and Model Y vehicles, and more capacity is expected to come on line with the opening of factories in Berlin and Texas.</p><p><blockquote><b>展望：</b>特斯拉处于有利地位，可以利用绿色能源汽车预期指数级增长带来的机遇。<b></b>其上海超级工厂目前正在生产 Model S 和 Model Y 汽车，随着柏林和德克萨斯州工厂的开业，预计产能将增加。</blockquote></p><p>Tesla's CFO Zach Kirkhorn said on the earnings call that the company is shooting for a 50% compounded annual growth rate in volume sales&nbsp;and expects to materially exceed the target in 2021.</p><p><blockquote>特斯拉首席财务官扎克·柯克霍恩 (Zach Kirkhorn) 在财报看涨期权上表示，该公司的目标是销量复合年增长率达到 50%，预计 2021 年将大幅超过目标。</blockquote></p><p><b>Stock Take: </b> Tesla's shares, which were flying high until early February, joined the tech sell-off that ensued. From a split-adjusted high of $900.40 on Jan. 25, the stock fell to $539.49 on March 5, a peak-to-trough decline of 40%.</p><p><blockquote><b>盘点：</b>特斯拉的股价在二月初之前一直飙升，加入了随后的科技抛售行列。该股从1月25日分割调整后的高点900.40美元，3月5日跌至539.49美元，从峰谷跌幅达40%。</blockquote></p><p>Although the stock has made good some of the losses since then, it is yet to break above $800 level.</p><p><blockquote>尽管该股此后弥补了部分损失，但尚未突破 800 美元水平。</blockquote></p><p>Tesla holds a several-year lead and is now expanding aggressively into storage, and therefore a premium valuation for its shares is justified, CANACCORD Genuity analyst Jed Dorsheimer said in a recent note. The firm has a $1,071 price target for the stock.</p><p><blockquote>CANACCORD Genuity 分析师 Jed Dorsheimer 在最近的一份报告中表示，特斯拉保持了数年的领先地位，目前正在积极扩展到存储领域，因此其股票的溢价估值是合理的。该公司对该股的目标价为 1,071 美元。</blockquote></p><p>Friday, Tesla's shares ended 1.35% higher at $729.40.</p><p><blockquote>周五，特斯拉股价收盘上涨 1.35%，至 729.40 美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2130364766","content_text":"EV giant Tesla, Inc. (NASDAQ: TSLA) is scheduled to release its first-quarter results Monday, after the market close.Key Q1 Metrics to Watch For:  Tesla is expected to report non-GAAP earnings per share, or EPS, of 79 cents in the first quarter of 2021, up sharply from 23 cents in the year-ago quarter.The consensus revenue forecast for the quarter is at $10.29 billion, up 72% year-over-year.In the fourth quarter, Tesla had earned 80 cents per share on a non-GAAP basis on revenues of $10.74 billion.Tesla revealed in early April it delivered a record 184,800 vehicles in the first quarter, comprising 182,780 Model 3/Y vehicles and 2,020 Model S/X vehicles. This represents a 109% year-over-year increase and 2.2% sequential growth. Quarterly production was at 180,338.Focus On Regulatory Credits, Automotive Margins:  The focus is likely to be on regulatory credits, which accounted for 4.3% of its revenues in the fourth quarter of 2020. Zero-emission vehicle regulations adopted by several states allow EV manufacturers to earn regulatory credits, which can be monetized by selling to legacy automakers, who are not able to achieve the minimum target set for the proportion of green energy vehicles sold.Automotive gross margin slipped to 24.1% in the fourth quarter of 2020 from 27.7% in the previous quarter. It's likely the company could see a further moderation in margins, as production of the higher priced Model S/X vehicles was stalled in the quarter to allow for model refreshes.View more earnings on TSLAWith competitive pressure intensifying, Tesla could aggressively slash vehicles prices in order to achieve volume production targets, long-time Tesla bear Gordon Johnson said in a note previewing the quarterly results.Tesla investors may also be keen to find out more about the company's Bitcoin investment strategy and its decision to allow the use of Bitcoin for vehicle purchases.Forward Outlook: Tesla is well positioned to capitalize on the opportunity presented by the exponential growth that is anticipated for green energy vehicles. Its Giga Shanghai factory is now churning out both Model S and Model Y vehicles, and more capacity is expected to come on line with the opening of factories in Berlin and Texas.Tesla's CFO Zach Kirkhorn said on the earnings call that the company is shooting for a 50% compounded annual growth rate in volume sales and expects to materially exceed the target in 2021.Stock Take:  Tesla's shares, which were flying high until early February, joined the tech sell-off that ensued. From a split-adjusted high of $900.40 on Jan. 25, the stock fell to $539.49 on March 5, a peak-to-trough decline of 40%.Although the stock has made good some of the losses since then, it is yet to break above $800 level.Tesla holds a several-year lead and is now expanding aggressively into storage, and therefore a premium valuation for its shares is justified, CANACCORD Genuity analyst Jed Dorsheimer said in a recent note. The firm has a $1,071 price target for the stock.Friday, Tesla's shares ended 1.35% higher at $729.40.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":670,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":113310160,"gmtCreate":1622593770850,"gmtModify":1631890034864,"author":{"id":"3581814038363779","authorId":"3581814038363779","name":"Matthewlee","avatar":"https://static.tigerbbs.com/1b353e4b25bc0161b43146b622f27f99","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814038363779","idStr":"3581814038363779"},"themes":[],"title":"","htmlText":"To the moon and back","listText":"To the moon and back","text":"To the moon and back","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/113310160","repostId":"2140491365","repostType":4,"isVote":1,"tweetType":1,"viewCount":1846,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131304071,"gmtCreate":1621824993993,"gmtModify":1631892367412,"author":{"id":"3581814038363779","authorId":"3581814038363779","name":"Matthewlee","avatar":"https://static.tigerbbs.com/1b353e4b25bc0161b43146b622f27f99","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814038363779","idStr":"3581814038363779"},"themes":[],"title":"","htmlText":"NaiO vs XPeng, which would be the better choice for long term?","listText":"NaiO vs XPeng, which would be the better choice for long term?","text":"NaiO vs XPeng, which would be the better choice for long term?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/131304071","repostId":"1112775099","repostType":4,"isVote":1,"tweetType":1,"viewCount":790,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148458546,"gmtCreate":1626009737185,"gmtModify":1631890034773,"author":{"id":"3581814038363779","authorId":"3581814038363779","name":"Matthewlee","avatar":"https://static.tigerbbs.com/1b353e4b25bc0161b43146b622f27f99","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814038363779","idStr":"3581814038363779"},"themes":[],"title":"","htmlText":"Meme stocks, is this the new investment&nbsp;","listText":"Meme stocks, is this the new investment&nbsp;","text":"Meme stocks, is this the new investment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/148458546","repostId":"1112201050","repostType":4,"repost":{"id":"1112201050","kind":"news","pubTimestamp":1625966101,"share":"https://www.laohunote.com/m/news/1112201050?lang=zh_CN&edition=full","pubTime":"2021-07-11 09:15","market":"us","language":"en","title":"The Meme Stock Trade Is Far From Over. What Investors Need to Know.<blockquote>模因股票交易远未结束。投资者需要了解的内容。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1112201050","media":"Barrons","summary":"It seemed to be only a matter of time.\nWhen GameStop (ticker: GME), BlackBerry (BB), and even the de","content":"<p>It seemed to be only a matter of time.</p><p><blockquote>这似乎只是时间问题。</blockquote></p><p> When GameStop (ticker: GME), BlackBerry (BB), and even the desiccated carcass of Blockbuster suddenly sprang to life in January, the clock was already ticking for when they would crash again. Would it be hours, days, or weeks?</p><p><blockquote>当游戏驿站（股票代码：GME）、黑莓（BB），甚至百视达的干涸尸体在一月份突然复活时，它们何时会再次坠毁的时间已经在流逝。会是几个小时、几天还是几周？</blockquote></p><p> It has now been half a year, and the core “meme stocks” are still trading at levels considered outrageous by people who have studied them for years. New names like&nbsp;Clover Health Investments(CLOV) and&nbsp;Newegg Commerce(NEGG) have recently popped up on message boards, and their stocks have popped, too.</p><p><blockquote>现在已经过去半年了，核心 “备忘录股票 ”的交易价格仍然处于研究这些股票多年的人认为离谱的水平。Clover Health Investments (CLOV) 和 Newegg Commerce (NEGG) 等新名称最近出现在留言板上，它们的股票也随之上涨。</blockquote></p><p> The collective efforts of millions of retail traders—long derided as “the dumb money”—have successfully held stocks aloft and forced naysayers to capitulate.</p><p><blockquote>数百万散户交易员--长期以来被嘲笑为 “哑巴钱 ”--的集体努力成功地让股市飙升，并迫使反对者投降。</blockquote></p><p> That is true even as the companies they are betting on have shown scant signs of transforming their businesses, or turning profits that might justify their valuations. BlackBerry burned cash in its latest quarter and warned that its key cybersecurity division would hit the low end of its revenue guidance; the stock dipped on the news but has still more than doubled in the past year.</p><p><blockquote>尽管他们押注的公司几乎没有表现出业务转型的迹象，也没有表现出足以证明其估值的利润，但情况确实如此。黑莓在最近一个季度烧钱，并警告称其关键的网络安全部门将达到收入指导的低端；消息传出后，该股下跌，但在过去一年中仍上涨了一倍多。</blockquote></p><p> While trading volume at the big brokers has come down slightly from its February peak, it remains two to three times as high as it was before the pandemic. And a startling amount of that activity is occurring in stocks favored by retail traders. The average daily value of shares traded in&nbsp;AMC Entertainment Holdings(AMC), for example, reached $13.1 billion in June, more than&nbsp;Apple’s(AAPL) $9.5 billion and Amazon.com’s (AMZN) $10.3 billion.</p><p><blockquote>虽然大型经纪商的交易量较 2 月份的峰值略有下降，但仍高于疫情爆发前的两到三倍。数量惊人的这种活动发生在散户交易者青睐的股票中。例如，AMC院线控股公司（AMC）6 月份的日均交易额达到 131 亿美元，超过了苹果（AAPL）的 95 亿美元和亚马逊（AMZN）的 103 亿美元。</blockquote></p><p> Even as the coronavirus fades in the U.S., most new traders say they are committed to the hobby they learned during lockdown—58% of day traders in a Betterment survey said they are planning to trade even more in the future, and only 12% plan to trade less. Amateur pandemic bakers have stopped kneading sourdough loaves; traders are only getting hungrier.</p><p><blockquote>即使冠状病毒在美国消退，大多数新交易者表示，他们仍然致力于他们在封锁期间学到的爱好——在一项Betterment调查中，58%的日内交易者表示，他们计划在未来进行更多的交易，只有12%的人计划减少交易。业余疫情面包师已经停止揉捏酸面团面包；交易者只会变得越来越饥饿。</blockquote></p><p> A sustained bear market would spoil such an appetite, as it did when the dot-com bubble burst. For now, dips are reasons to hold or buy.</p><p><blockquote>持续的熊市会破坏这种食欲，就像互联网泡沫破裂时一样。目前，下跌是持有或买入的理由。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/25a79e71371c165f9a3a5085931fc487\" tg-width=\"979\" tg-height=\"649\"></p><p><blockquote></blockquote></p><p> “I’ve seen that the ‘buy the dip’ sentiment hasn’t relented for a moment,” wrote Brandon Luczek, an electronics technician for the U.S. Navy who trades with friends online, in an email to&nbsp;Barron’s.</p><p><blockquote>“美国海军电子技术员布兰登-卢切克（Brandon Luczek）在给《巴伦周刊》的一封电子邮件中写道：”我看到'逢低买入'的情绪一刻也没有减弱。</blockquote></p><p> The meme stock surge has been propelled by a rise in trading by retail investors. In 2020, online brokers signed clients at a record pace, with more than 10 million people opening new accounts. That record will almost certainly be broken in 2021. Brokers had already added more than 10 million accounts less than halfway into the year, some of the top firms have disclosed.</p><p><blockquote>迷因股票飙升是由散户投资者交易的增加推动的。2020年，在线经纪商以创纪录的速度签约客户，超过1000万人开设了新账户。这一记录几乎肯定会在2021年被打破。一些顶级公司透露，在今年不到一半的时间里，经纪商已经增加了超过 1000 万个账户。</blockquote></p><p> Meme stocks are both the cart and the horse of this phenomenon. Their sudden price spikes are driven by new investors, and then that action drives even more new people to invest. Millions of people downloaded investing apps in late January and early February just to be a part of the fun. A recent&nbsp;Charles Schwab(SCHW) survey found that 15% of all current traders began investing after 2020.</p><p><blockquote>模因股票既是这种现象的推车，也是马。他们的价格突然飙升是由新投资者推动的，然后这一行动推动更多的新人投资。数百万人在 1 月底和 2 月初下载了投资应用程序，只是为了享受乐趣。嘉信理财（SCHW）最近的一项调查发现，15%的现有交易者在2020年后开始投资。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/167386c6881a258922ad62caaf7a05f4\" tg-width=\"971\" tg-height=\"644\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8e29e3041b91070252ab9063d1a11fa2\" tg-width=\"975\" tg-height=\"642\"><img src=\"https://static.tigerbbs.com/f9cc1c0bd6368721c0eca87e25719f16\" tg-width=\"964\" tg-height=\"641\"></p><p><blockquote></blockquote></p><p> The most prominent player in the surge is Robinhood, which said it had added 5.5 million funded accounts in the first quarter alone. But it isn’t alone. Fidelity, for instance, announced that it had attracted 1.6 million new customers under the age of 35 in the first quarter, 223% more than a year before.</p><p><blockquote>激增中最突出的参与者是 Robinhood，该公司表示仅在第一季度就增加了 550 万个资金账户。但它并不孤单。例如，富达宣布，第一季度吸引了 160 万 35 岁以下的新客户，比去年同期增长了 223%。</blockquote></p><p> Under pressure from Robinhood’s zero-commission model, all of the major brokers cut commissions to zero in 2019. That opened the floodgates to a new group of customers—one that may not have as much spare cash to trade but is more active and diverse than its predecessors. And the brokers are cashing in. Fidelity is hoping to attract investors before they even have driver’s licenses, allowing children as young as 13 to open trading accounts. Robinhood is riding the momentum to an initial public offering that analysts expect to value it at more than 10 times its revenue.</p><p><blockquote>在 Robinhood 零佣金模式的压力下，所有主要经纪商都在 2019 年将佣金降至零。这为新客户群体打开了闸门——他们可能没有那么多闲置现金进行交易，但比前辈更加活跃和多样化。经纪人正在套现。富达希望在投资者获得驾照之前就吸引他们，允许年仅 13 岁的儿童开设交易账户。Robinhood 正在乘势而上进行首次公开募股，分析师预计其估值将超过其收入的 10 倍。</blockquote></p><p> These new customers act differently than their older peers. For years, there was a “big gravitation toward ETFs,” says Chris Larkin, head of trading at E*Trade, which is now owned by Morgan Stanley (MS). But picking single stocks is clearly “the big story of 2021.”</p><p><blockquote>这些新客户的行为与他们的老同行不同。E*Trade 交易主管克里斯-拉金（Chris Larkin）说，多年来，“ETF 一直备受青睐”，E*Trade 现归摩根士丹利（MS）所有。但挑选个股显然是 “2021 年的大新闻”。</blockquote></p><p> To be sure, equity exchange-traded funds are still doing well, as investors around the world bet on the pandemic recovery and avoid weak bond yields.</p><p><blockquote>可以肯定的是，随着世界各地的投资者押注疫情复苏并避免疲软的债券收益率，股票交易所交易基金仍然表现良好。</blockquote></p><p></p><p> But ETFs don’t light up the message boards like stocks do. Not that it has been a one-way ride for the top names. GameStop did dip in February, and Wall Street enjoyed a moment of schadenfreude. It didn’t last.</p><p><blockquote>但 ETF 不像股票那样点亮留言板。这并不是说顶级公司的单行道。游戏驿站二月份确实下跌，华尔街享受了幸灾乐祸的时刻。它并没有持续多久。</blockquote></p><p> “Like cicadas, meme traders returned in a wild blaze of activity after being seemingly underground for several months,” wrote Steve Sosnick, chief strategist at Interactive Brokers. Sosnick believes that the meme stocks tend to trade inversely to cryptocurrencies, because their fans rotate from one to the other as the momentum shifts.</p><p><blockquote>“盈透证券（Interactive Brokers）首席策略师史蒂夫-索斯尼克（Steve Sosnick）写道：”就像蝉一样，备忘录交易者在表面上隐匿了几个月后又重新活跃起来。索斯尼克认为，模因股票的交易往往与加密货币相反，因为随着势头的变化，它们的粉丝会从一种货币转向另一种货币。</blockquote></p><p> “I don’t think it’s strictly a coincidence that meme stocks roared back to life after a significant correction in Bitcoin and other cryptocurrencies,” he wrote.</p><p><blockquote>“他写道：”我不认为，在比特币和其他加密货币大幅回调后，备忘录股票卷土重来完全是巧合。</blockquote></p><p> Sosnick considers meme stocks a “sector unto themselves,” one that he segregates on his computer monitor away from other stock tickers.</p><p><blockquote>索斯尼克认为备忘录股票是一个 “独立的板块”，他在电脑显示器上将其与其他股票代码分开。</blockquote></p><p> Indeed, Wall Street’s reaction to the meme stock revolution has been to isolate the parts of the market that the pros deem irrational. Most short sellers won’t touch the stocks, and analysts are dropping coverage.</p><p><blockquote>事实上，华尔街对备忘录股票革命的反应一直是孤立专业人士认为不理性的市场部分。大多数卖空者不会碰这些股票，分析师也在放弃报道。</blockquote></p><p> But Wall Street can’t swat the retail army away like cicadas, or count on them disappearing for the next 17 years. Stock trading has permanently shifted. This year, retail activity accounts for 24% of equity volume, up from 15% in 2019. Adherents to the new creed are not passive observers willing to let Wall Street manage the markets.</p><p><blockquote>但华尔街不能像蝉一样把零售大军赶走，也不能指望它们在未来 17 年内消失。股票交易已经发生了永久性的变化。今年，零售活动占股本量的 24%，高于 2019 年的 15%。新信条的追随者不是愿意让华尔街管理市场的被动观察者。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/710e642d3b685b74f8c9dcaf46ef3e0b\" tg-width=\"968\" tg-height=\"643\"></p><p><blockquote></blockquote></p><p> “What this really reflects is a reversal of the trends that we saw toward less and less engagement with individual companies,” says Joshua Mitts, a professor at Columbia Law School specializing in securities markets. “Technology is bringing the average investor closer to the companies in which he or she invests, and that’s just taking on new and unpredictable forms.”</p><p><blockquote>“哥伦比亚法学院（Columbia Law School）专门研究证券市场的教授约书亚-米茨（Joshua Mitts）说：”这实际上反映了我们所看到的趋势的逆转，即与个别公司的接触越来越少。“技术正在拉近普通投资者与他或她所投资的公司的距离，而这只是以新的、不可预测的形式出现。”</blockquote></p><p> The swings you get can definitely make you feel some sort of way.</p><p><blockquote>你得到的秋千肯定会让你有某种感觉。</blockquote></p><p> — Matt Kohrs, 26, who streams stock analysis daily on YouTube</p><p><blockquote>— Matt Kohrs，26 岁，每天在 YouTube 上直播股票分析</blockquote></p><p> It is now changing the lives of those who got in early and are still riding the names higher.</p><p><blockquote>它现在正在改变那些早早加入的人的生活，并且仍然在更高的名字上。</blockquote></p><p> Take Matt Kohrs, who had invested in AMC Entertainment early. He quit his job as a programmer in New York in February, moved to Philadelphia, and started streaming&nbsp;stock analysis on YouTube&nbsp;for seven hours a day.</p><p><blockquote>以马特·科尔斯为例，他很早就投资了AMC院线。今年2月，他辞去了纽约程序员的工作，搬到了费城，并开始在YouTube上每天7个小时直播股票分析。</blockquote></p><p> With 350,000 YouTube followers, it’s paying the bills. With his earnings from ads and from the stock, Kohrs says he can pull down roughly the same salary he made before. But he also knows that relying on earnings from stocks like this is nothing like a 9-to-5 job.</p><p><blockquote>YouTube 拥有 35 万粉丝，它正在支付账单。科尔斯说，凭借广告和股票的收入，他可以拿到与以前大致相同的工资。但他也知道，像这样依赖股票收益与朝九晚五的工作完全不同。</blockquote></p><p> “The swings you get can definitely make you feel some sort of way,” he says.</p><p><blockquote>“他说：”你得到的秋千肯定会让你有某种感觉。</blockquote></p><p> Companies are starting to react more aggressively, too. They are either embracing their new owners or paying meme-ologists to understand the emoji-filled language of the new Wall Street so they can ward them off or appease them.</p><p><blockquote>公司也开始做出更积极的反应。他们要么拥抱他们的新主人，要么付钱给迷因学家来理解新华尔街充满表情符号的语言，这样他们就可以阻止他们或安抚他们。</blockquote></p><p> AMC even canceled a proposed equity raise this past week because the company apparently didn’t like the vibes it was getting from the Reddit crowd. AMC has already quintupled its share count over the past year. CEO Adam Aron tweeted that he had seen “many yes, many no” reactions to his proposal to issue 25 million more shares, so it will be canceled instead of being presented for a vote at AMC’s annual meeting later this month. The company did not respond to a question on how it had polled shareholders.</p><p><blockquote>AMC 甚至在上周取消了一项拟议的股权融资，因为该公司显然不喜欢 Reddit 人群的反响。过去一年，AMC 的股票数量已经增加了五倍。首席执行官亚当-阿伦（Adam Aron）在推特上表示，他看到了 “许多人赞成，许多人反对 ”对他增发 2500 万股股票的提议的反应，因此该提议将被取消，而不是在本月晚些时候的 AMC 年会上进行表决。该公司没有回答有关如何调查股东的问题。</blockquote></p><p> Forget the boardroom. Corporate policy is now being determined in the chat room.</p><p><blockquote>忘了会议室吧。公司政策现在正在聊天室里决定。</blockquote></p><p> Big investors are spending more time tracking social-media discussions about stocks. Bank of America found in a survey this year that about 25% of institutions had already been tracking social-media sentiment, but that about 40% are interested in using it going forward.</p><p><blockquote>大投资者正在花费更多时间跟踪社交媒体上有关股票的讨论。美国银行在今年的一项调查中发现，大约25%的机构已经在跟踪社交媒体情绪，但大约40%的机构有兴趣在未来使用它。</blockquote></p><p> In the past few months, Bank of America, Morgan Stanley, and J.P. Morgan have all produced reports on how to trade around the retail action, coming to somewhat different conclusions.</p><p><blockquote>在过去的几个月里，美国银行、摩根士丹利和摩根大通都发布了关于如何围绕零售行动进行交易的报告，得出了有些不同的结论。</blockquote></p><p> There can be “alpha in the signal,” as Morgan Stanley put it, but it can take some intense number-crunching to get there. Not all message-board chatter leads to sustained price gains, of course, and retail order flow cannot easily be separated from institutional flow without substantial data analysis. For investors with the tools to pinpoint which stocks retail investors are buying and which they are selling, J.P. Morgan suggests going long on the 20% of stocks with the most buying interest and short on the top 20% in selling interest.</p><p><blockquote>正如摩根士丹利所说，信号中可能存在 “阿尔法”，但要实现这一目标可能需要一些紧张的数字运算。当然，并不是所有的留言板聊天都会导致价格持续上涨，如果没有大量的数据分析，零售订单流很难与机构流分开。对于拥有工具来确定散户投资者正在购买哪些股票和正在出售哪些股票的投资者来说，摩根大通建议做多买入兴趣最高的 20% 的股票，做空卖出兴趣最高的 20% 的股票。</blockquote></p><p> For now, many of the institutions buying data on social-media sentiment appear to be trying to reduce their risks, as opposed to scouting new opportunities, according to Boris Spiwak of alternative data firm Thinknum, which offers products that track social-media sentiment. “They see it as almost like an insurance policy, to limit their downside risks,” he says.</p><p><blockquote>提供跟踪社交媒体情绪产品的另类数据公司Thinknum的鲍里斯·斯皮瓦克(Boris Spiwak)表示，目前，许多购买社交媒体情绪数据的机构似乎都在试图降低风险，而不是寻找新的机会。“他说：”他们认为这几乎就像一份保险，以限制他们的下行风险。</blockquote></p><p></p><p> For retail traders, the method isn’t always scientific. The action is sustained by a community ethos. And the force behind it is as much emotional and moral as financial.</p><p><blockquote>对于零售商来说，这种方法并不总是科学的。这一行动是由社区精神支撑的。其背后的力量既是情感上的，也是道德上的，也是经济上的。</blockquote></p><p> New investors say they are motivated by a desire to prove themselves and punish the old guard as much as by profits. They learn from one another about the market, sometimes amplifying or debunking conspiracy theories about Wall Street. Some link the meme-stock movement to continued mistrust of big financial institutions stemming from the 2008 financial crisis.</p><p><blockquote>新投资者表示，他们的动机是希望证明自己，并像利润一样惩罚保守派。他们互相学习市场，有时会放大或揭穿关于华尔街的阴谋论。一些人将模因股票运动与2008年金融危机引发的对大型金融机构的持续不信任联系起来。</blockquote></p><p> “Wall Street brought our economy to its knees, and no one ever got in trouble for it,” says the 26-year-old Kohrs. “So, I think they view this as not only can we make money, but we can also make these hedge funds on Wall Street pay.”</p><p><blockquote>“26 岁的科尔斯说：”华尔街让我们的经济陷入困境，但没有人因此惹上麻烦。“所以，我认为他们认为我们不仅可以赚钱，还可以让华尔街的这些对冲基金付钱。”</blockquote></p><p> Claire Hirschberg is a 28-year-old union organizer who bought about $50 worth of GameStop stock on Robinhood in January after hearing about it from friends. She liked the idea, but what really got her excited about it was the reaction of her father, a longtime money manager. “He was so mad I had bought GameStop and was refusing to sell,” she says, laughing. “And that just makes me want to hold it forever.”</p><p><blockquote>克莱尔·赫希伯格 (Claire Hirschberg) 是一名 28 岁的工会组织者，她在 1 月份从朋友那里听说 Robinhood 上购买了价值约 50 美元的游戏驿站股票。她喜欢这个想法，但真正让她兴奋的是她父亲的反应，他是一名长期的资金经理。“她笑着说：”他很生气我买了游戏驿站，还不肯卖。“这让我想永远拿着它。”</blockquote></p><p> Just like old Wall Street has rituals and codes, the new one does, too. A new investment banking employee learns quickly that you don’t wear a Ferragamo tie until after you make associate. You never leave the office until the managing director does, and you don’t complain about the hours. And the bad guys are the regulators and Sen. Elizabeth Warren, and not in that order.</p><p><blockquote>就像老华尔街有仪式和准则一样，新华尔街也有。一位新的投资银行员工很快就会知道，在你成为合伙人之前，你不会打菲拉格慕领带。在总经理离开之前，你从不离开办公室，你也不会抱怨工作时间。坏人是监管者和参议员伊丽莎白·沃伦，而且不是按顺序。</blockquote></p><p> The new trading desk—the apps that millions of retail traders now use and the message boards where they congregate—have unspoken rules, too. Publicly acknowledging financial losses is a valiant act, evidence of internal fortitude and belief in the group. You don’t take yourself seriously and you don’t police language. You are part of an army of “apes” or “retards.” You hold through the crashes, even if it means you might lose everything. And the bad guys are the short sellers, the market makers, and the Wall Street elites, in that order.</p><p><blockquote>新的交易台——数百万散户交易者现在使用的应用程序和他们聚集的留言板——也有潜规则。公开承认财务损失是一种勇敢的行为，是内部坚韧和对本集团信念的证明。你不把自己当回事，也不规范语言。你是 “猿类 ”或 “弱智 ”大军的一员。你坚持住，即使这意味着你可能会失去一切。坏人依次是卖空者、做市商和华尔街精英。</blockquote></p><p> The group action is not just for moral support. The trading strategy depends on people keeping up the buying pressure to force a short squeeze or to buy bullish options that trigger what’s known as a gamma squeeze.</p><p><blockquote>集体行动不仅仅是为了精神支持。交易策略取决于人们保持买入压力，迫使做空，或买入看涨期权，从而引发所谓的伽马挤压。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/75d79c78a14cc8f297e17397cc54bdb5\" tg-width=\"1260\" tg-height=\"840\"><span>Keith Gill became the face of the Reddit army of retail traders pushing shares of GameStop higher when he appeared virtually before a House Financial Services Committee hearing in February.</span></p><p><blockquote><p class=\"t-img-caption\"><span>基思·吉尔 (Keith Gill) 在二月份众议院金融服务委员会听证会上虚拟露面，成为 Reddit 散户交易员大军推高游戏驿站股价的代言人。</span></p></blockquote></p><p> Many short sellers say they won’t touch these stocks anymore. But clearly, others aren’t taking that advice and are giving the meme movement oxygen by repeatedly betting against the stocks. AMC’s short interest was at 17% of the stock’s float in mid-June, down from 28% in January, but not by much.</p><p><blockquote>许多卖空者表示，他们不会再碰这些股票了。但显然，其他人并没有采纳这一建议，而是通过反复做空股票来给备忘录运动注入氧气。6 月中旬，AMC 的空头权益占该股流通量的 17%，低于 1 月份的 28%，但降幅不大。</blockquote></p><p> As the price rises, the shorts can’t help themselves. They start “drooling, with flames coming out of their ears,” says Michael Pachter, a Wedbush Securities analyst who has covered GameStop for years. “What’s kind of shocked me is the definition of insanity, which is doing the same thing over and over and over again and hoping for a different outcome each time, and the shorts keep coming back,” he says. “And [GameStop bull] Keith Gill and his Reddit raiders keep squeezing them, and it keeps working.”</p><p><blockquote>随着价格上涨，空头们也控制不住自己。多年来一直关注游戏驿站的韦德布什证券分析师迈克尔-帕切特（Michael Pachter）说，他们开始 “流口水，耳朵里冒出火焰”。“他说：”让我感到震惊的是精神错乱的定义，就是一遍又一遍地做同样的事情，每次都希望有不同的结果，而空头却不断出现。“[游戏驿站公牛]基思-吉尔（Keith Gill）和他的 Reddit raiders 一直在挤压他们，而且一直在起作用。”</blockquote></p><p> To beat the short sellers, the Reddit crowd needs to hold together, but the community has been showing cracks at times. The two meme stocks with the most determined fan bases—GameStop and AMC—still have enormous armies of core believers who do not seem easily swayed. But other names seem to have more-fickle backers. Several stocks caught up in the meme madness have come crashing down to earth.Bed Bath &amp; Beyond(BBBY) spiked twice—in late January and early June—but now trades only slightly above its mid-January levels. People who bought during the upswings have lost money.</p><p><blockquote>为了击败卖空者，Reddit 人群需要团结起来，但该社区有时会出现裂缝。拥有最坚定粉丝群的两只模因股票——游戏驿站和 AMC——仍然拥有庞大的核心信徒大军，他们似乎不容易动摇。但其他名字似乎有更善变的支持者。几只陷入迷因疯狂的股票已经崩溃。 Bed Bath &amp; Beyond (BBBY) 在 1 月底和 6 月初两次飙升，但现在的交易价格仅略高于 1 月中旬的水平。在上涨期间买入的人已经赔钱了。</blockquote></p><p> Distrust has spread, and some traders worry that wallstreetbets— the original Reddit message board that inspired the GameStop frenzy—has grown so fast that it has lost its original spirit, and potentially grown vulnerable to manipulation. Some have moved to other message boards, like r/superstonk, in hopes of reclaiming the old community’s flavor.</p><p><blockquote>不信任已经蔓延，一些交易员担心 wallstreetbets——激发游戏驿站狂热的最初 Reddit 留言板——发展如此之快，以至于它已经失去了最初的精神，并可能变得容易受到操纵。有些人搬到了其他留言板，如 r/superstonk，希望能重现老社区的风味。</blockquote></p><p> Travis Rehl, the founder of social-media tracking company Hype Equity, says that he tries to separate possible manipulators from more organic investor sentiment. Hype Equity is usually hired by public-relations firms representing companies that are being talked about online, he says. Now, he sees a growing trend of stocks that suddenly come up on message boards, receive positive chatter, and then disappear.</p><p><blockquote>社交媒体跟踪公司 Hype Equity 的创始人特拉维斯·雷尔 (Travis Rehl) 表示，他试图将可能的操纵者与更有机的投资者情绪区分开来。他说，炒作股权通常由代表网上谈论的公司的公关公司雇佣。现在，他看到了一种不断增长的趋势，即股票突然出现在留言板上，收到积极的聊天，然后消失。</blockquote></p><p></p><p> “It’s called into question what is a true discussion versus what is something that somebody just wants to pump,” he says. The moderators of wallstreetbets forbid market manipulation on the platform, and Rehl say they appear to work hard to police misinformation. The moderators did not respond to a request from&nbsp;Barron’s&nbsp;for comment.</p><p><blockquote>“他说：”这让人怀疑什么是真正的讨论，什么是某人只想炒作的东西。wallstreetbets 的版主禁止在该平台上操纵市场，Rehl 表示，他们似乎正在努力遏制错误信息。主持人没有回应《巴伦周刊》的置评请求。</blockquote></p><p> “If you can create enough buzz to get a stock that goes up 10%, 20%, even 50% in a short period of time, there’s a tremendous incentive to do that,” Sosnick says.</p><p><blockquote>“索斯尼克说：”如果你能制造足够的轰动效应，让一只股票在短时间内上涨 10%、20%，甚至 50%，那么你就有巨大的动力去做这件事。</blockquote></p><p> The Securities and Exchange Commission is watching for funny business on the message boards. SEC Chairman Gary Gensler and some members of Congress have discussed changing market rules with the intention of adding transparency protecting retail traders—although changes could also anger the retail crowd if they slow down trading or make it more expensive.</p><p><blockquote>美国证券交易委员会正在关注留言板上的有趣交易。美国证券交易委员会主席加里·詹斯勒（Gary Gensler）和一些国会议员讨论了改变市场规则，目的是增加保护散户交易者的透明度——尽管如果这些变化减缓交易速度或使交易成本更高，也可能激怒零售人群。</blockquote></p><p> Regulations aren’t the only thing that could deflate this trend. Dan Egan, vice president of behavioral finance and investing at fintech Betterment, thinks the momentum may run out of steam in September. Even “apes” have responsibilities. “Kids start going back to schools; parents are free to go to work again,” he says. “That’s the next time there’s going to be some oxygen pulled out of the room.”</p><p><blockquote>监管并不是唯一能遏制这一趋势的因素。fintech Betterment 行为金融和投资副总裁丹·伊根 (Dan Egan) 认为，这种势头可能会在 9 月份耗尽。即使是 “猿猴 ”也有责任。“他说：”孩子们开始重返校园；家长们也可以自由地再次上班了。“那是下一次从房间里抽出氧气的时候了。”</blockquote></p><p> Traditional investors may be tempted to write off the entire phenomenon as temporary madness inspired by lockdowns and free government money. But that would be a mistake. If zero-commission brokerages and fun with GameStop broke down barriers for millions of new investors to open accounts, it’s almost certainly a good thing, as long as most people bet with money they don’t need immediately. Many new retail traders say they are teaching themselves how to trade, and have begun to diversify their holdings.</p><p><blockquote>传统投资者可能会倾向于将整个现象视为由封锁和免费政府资金引发的暂时疯狂。但那将是一个错误。如果零佣金经纪和游戏驿站乐趣打破了数百万新投资者开户的障碍，那么只要大多数人用他们并不立即需要的钱下注，这几乎肯定是一件好事。许多新零售商表示，他们正在自学如何交易，并开始分散持股。</blockquote></p><p> In one form or another, this is the future client base of Wall Street.</p><p><blockquote>无论如何，这是华尔街未来的客户群。</blockquote></p><p> Arizona State University professor Hendrik Bessembinder published groundbreaking&nbsp;research&nbsp;in 2018 that found that “a randomly selected stock in a randomly selected month is more likely to lose money than make money.” In short, picking single stocks and holding a concentrated portfolio tends to be a losing strategy.</p><p><blockquote>亚利桑那州立大学教授亨德里克-贝森宾德（Hendrik Bessembinder）在2018年发表了一项开创性的研究，发现“在随机选择的月份随机选择的股票，亏损的可能性大于赚钱的可能性”。简而言之，挑选单只股票并持有集中投资组合往往是一种失败的策略。</blockquote></p><p> Even so, he’s encouraged by the new wave of trading. “I welcome the increase in retail trading, the idea of the stock market being a place with wide participation,” Bessembinder says. “Economists can’t tell people they shouldn’t get some fun.”</p><p><blockquote>即便如此，他还是对新一波交易感到鼓舞。“贝森宾德说：”我欢迎零售交易的增加，欢迎股票市场成为一个广泛参与的地方。“经济学家不能告诉人们他们不应该找点乐子”。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Meme Stock Trade Is Far From Over. What Investors Need to Know.<blockquote>模因股票交易远未结束。投资者需要了解的内容。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Meme Stock Trade Is Far From Over. What Investors Need to Know.<blockquote>模因股票交易远未结束。投资者需要了解的内容。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-07-11 09:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It seemed to be only a matter of time.</p><p><blockquote>这似乎只是时间问题。</blockquote></p><p> When GameStop (ticker: GME), BlackBerry (BB), and even the desiccated carcass of Blockbuster suddenly sprang to life in January, the clock was already ticking for when they would crash again. Would it be hours, days, or weeks?</p><p><blockquote>当游戏驿站（股票代码：GME）、黑莓（BB），甚至百视达的干涸尸体在一月份突然复活时，它们何时会再次坠毁的时间已经在流逝。会是几个小时、几天还是几周？</blockquote></p><p> It has now been half a year, and the core “meme stocks” are still trading at levels considered outrageous by people who have studied them for years. New names like&nbsp;Clover Health Investments(CLOV) and&nbsp;Newegg Commerce(NEGG) have recently popped up on message boards, and their stocks have popped, too.</p><p><blockquote>现在已经过去半年了，核心 “备忘录股票 ”的交易价格仍然处于研究这些股票多年的人认为离谱的水平。Clover Health Investments (CLOV) 和 Newegg Commerce (NEGG) 等新名称最近出现在留言板上，它们的股票也随之上涨。</blockquote></p><p> The collective efforts of millions of retail traders—long derided as “the dumb money”—have successfully held stocks aloft and forced naysayers to capitulate.</p><p><blockquote>数百万散户交易员--长期以来被嘲笑为 “哑巴钱 ”--的集体努力成功地让股市飙升，并迫使反对者投降。</blockquote></p><p> That is true even as the companies they are betting on have shown scant signs of transforming their businesses, or turning profits that might justify their valuations. BlackBerry burned cash in its latest quarter and warned that its key cybersecurity division would hit the low end of its revenue guidance; the stock dipped on the news but has still more than doubled in the past year.</p><p><blockquote>尽管他们押注的公司几乎没有表现出业务转型的迹象，也没有表现出足以证明其估值的利润，但情况确实如此。黑莓在最近一个季度烧钱，并警告称其关键的网络安全部门将达到收入指导的低端；消息传出后，该股下跌，但在过去一年中仍上涨了一倍多。</blockquote></p><p> While trading volume at the big brokers has come down slightly from its February peak, it remains two to three times as high as it was before the pandemic. And a startling amount of that activity is occurring in stocks favored by retail traders. The average daily value of shares traded in&nbsp;AMC Entertainment Holdings(AMC), for example, reached $13.1 billion in June, more than&nbsp;Apple’s(AAPL) $9.5 billion and Amazon.com’s (AMZN) $10.3 billion.</p><p><blockquote>虽然大型经纪商的交易量较 2 月份的峰值略有下降，但仍高于疫情爆发前的两到三倍。数量惊人的这种活动发生在散户交易者青睐的股票中。例如，AMC院线控股公司（AMC）6 月份的日均交易额达到 131 亿美元，超过了苹果（AAPL）的 95 亿美元和亚马逊（AMZN）的 103 亿美元。</blockquote></p><p> Even as the coronavirus fades in the U.S., most new traders say they are committed to the hobby they learned during lockdown—58% of day traders in a Betterment survey said they are planning to trade even more in the future, and only 12% plan to trade less. Amateur pandemic bakers have stopped kneading sourdough loaves; traders are only getting hungrier.</p><p><blockquote>即使冠状病毒在美国消退，大多数新交易者表示，他们仍然致力于他们在封锁期间学到的爱好——在一项Betterment调查中，58%的日内交易者表示，他们计划在未来进行更多的交易，只有12%的人计划减少交易。业余疫情面包师已经停止揉捏酸面团面包；交易者只会变得越来越饥饿。</blockquote></p><p> A sustained bear market would spoil such an appetite, as it did when the dot-com bubble burst. For now, dips are reasons to hold or buy.</p><p><blockquote>持续的熊市会破坏这种食欲，就像互联网泡沫破裂时一样。目前，下跌是持有或买入的理由。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/25a79e71371c165f9a3a5085931fc487\" tg-width=\"979\" tg-height=\"649\"></p><p><blockquote></blockquote></p><p> “I’ve seen that the ‘buy the dip’ sentiment hasn’t relented for a moment,” wrote Brandon Luczek, an electronics technician for the U.S. Navy who trades with friends online, in an email to&nbsp;Barron’s.</p><p><blockquote>“美国海军电子技术员布兰登-卢切克（Brandon Luczek）在给《巴伦周刊》的一封电子邮件中写道：”我看到'逢低买入'的情绪一刻也没有减弱。</blockquote></p><p> The meme stock surge has been propelled by a rise in trading by retail investors. In 2020, online brokers signed clients at a record pace, with more than 10 million people opening new accounts. That record will almost certainly be broken in 2021. Brokers had already added more than 10 million accounts less than halfway into the year, some of the top firms have disclosed.</p><p><blockquote>迷因股票飙升是由散户投资者交易的增加推动的。2020年，在线经纪商以创纪录的速度签约客户，超过1000万人开设了新账户。这一记录几乎肯定会在2021年被打破。一些顶级公司透露，在今年不到一半的时间里，经纪商已经增加了超过 1000 万个账户。</blockquote></p><p> Meme stocks are both the cart and the horse of this phenomenon. Their sudden price spikes are driven by new investors, and then that action drives even more new people to invest. Millions of people downloaded investing apps in late January and early February just to be a part of the fun. A recent&nbsp;Charles Schwab(SCHW) survey found that 15% of all current traders began investing after 2020.</p><p><blockquote>模因股票既是这种现象的推车，也是马。他们的价格突然飙升是由新投资者推动的，然后这一行动推动更多的新人投资。数百万人在 1 月底和 2 月初下载了投资应用程序，只是为了享受乐趣。嘉信理财（SCHW）最近的一项调查发现，15%的现有交易者在2020年后开始投资。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/167386c6881a258922ad62caaf7a05f4\" tg-width=\"971\" tg-height=\"644\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8e29e3041b91070252ab9063d1a11fa2\" tg-width=\"975\" tg-height=\"642\"><img src=\"https://static.tigerbbs.com/f9cc1c0bd6368721c0eca87e25719f16\" tg-width=\"964\" tg-height=\"641\"></p><p><blockquote></blockquote></p><p> The most prominent player in the surge is Robinhood, which said it had added 5.5 million funded accounts in the first quarter alone. But it isn’t alone. Fidelity, for instance, announced that it had attracted 1.6 million new customers under the age of 35 in the first quarter, 223% more than a year before.</p><p><blockquote>激增中最突出的参与者是 Robinhood，该公司表示仅在第一季度就增加了 550 万个资金账户。但它并不孤单。例如，富达宣布，第一季度吸引了 160 万 35 岁以下的新客户，比去年同期增长了 223%。</blockquote></p><p> Under pressure from Robinhood’s zero-commission model, all of the major brokers cut commissions to zero in 2019. That opened the floodgates to a new group of customers—one that may not have as much spare cash to trade but is more active and diverse than its predecessors. And the brokers are cashing in. Fidelity is hoping to attract investors before they even have driver’s licenses, allowing children as young as 13 to open trading accounts. Robinhood is riding the momentum to an initial public offering that analysts expect to value it at more than 10 times its revenue.</p><p><blockquote>在 Robinhood 零佣金模式的压力下，所有主要经纪商都在 2019 年将佣金降至零。这为新客户群体打开了闸门——他们可能没有那么多闲置现金进行交易，但比前辈更加活跃和多样化。经纪人正在套现。富达希望在投资者获得驾照之前就吸引他们，允许年仅 13 岁的儿童开设交易账户。Robinhood 正在乘势而上进行首次公开募股，分析师预计其估值将超过其收入的 10 倍。</blockquote></p><p> These new customers act differently than their older peers. For years, there was a “big gravitation toward ETFs,” says Chris Larkin, head of trading at E*Trade, which is now owned by Morgan Stanley (MS). But picking single stocks is clearly “the big story of 2021.”</p><p><blockquote>这些新客户的行为与他们的老同行不同。E*Trade 交易主管克里斯-拉金（Chris Larkin）说，多年来，“ETF 一直备受青睐”，E*Trade 现归摩根士丹利（MS）所有。但挑选个股显然是 “2021 年的大新闻”。</blockquote></p><p> To be sure, equity exchange-traded funds are still doing well, as investors around the world bet on the pandemic recovery and avoid weak bond yields.</p><p><blockquote>可以肯定的是，随着世界各地的投资者押注疫情复苏并避免疲软的债券收益率，股票交易所交易基金仍然表现良好。</blockquote></p><p></p><p> But ETFs don’t light up the message boards like stocks do. Not that it has been a one-way ride for the top names. GameStop did dip in February, and Wall Street enjoyed a moment of schadenfreude. It didn’t last.</p><p><blockquote>但 ETF 不像股票那样点亮留言板。这并不是说顶级公司的单行道。游戏驿站二月份确实下跌，华尔街享受了幸灾乐祸的时刻。它并没有持续多久。</blockquote></p><p> “Like cicadas, meme traders returned in a wild blaze of activity after being seemingly underground for several months,” wrote Steve Sosnick, chief strategist at Interactive Brokers. Sosnick believes that the meme stocks tend to trade inversely to cryptocurrencies, because their fans rotate from one to the other as the momentum shifts.</p><p><blockquote>“盈透证券（Interactive Brokers）首席策略师史蒂夫-索斯尼克（Steve Sosnick）写道：”就像蝉一样，备忘录交易者在表面上隐匿了几个月后又重新活跃起来。索斯尼克认为，模因股票的交易往往与加密货币相反，因为随着势头的变化，它们的粉丝会从一种货币转向另一种货币。</blockquote></p><p> “I don’t think it’s strictly a coincidence that meme stocks roared back to life after a significant correction in Bitcoin and other cryptocurrencies,” he wrote.</p><p><blockquote>“他写道：”我不认为，在比特币和其他加密货币大幅回调后，备忘录股票卷土重来完全是巧合。</blockquote></p><p> Sosnick considers meme stocks a “sector unto themselves,” one that he segregates on his computer monitor away from other stock tickers.</p><p><blockquote>索斯尼克认为备忘录股票是一个 “独立的板块”，他在电脑显示器上将其与其他股票代码分开。</blockquote></p><p> Indeed, Wall Street’s reaction to the meme stock revolution has been to isolate the parts of the market that the pros deem irrational. Most short sellers won’t touch the stocks, and analysts are dropping coverage.</p><p><blockquote>事实上，华尔街对备忘录股票革命的反应一直是孤立专业人士认为不理性的市场部分。大多数卖空者不会碰这些股票，分析师也在放弃报道。</blockquote></p><p> But Wall Street can’t swat the retail army away like cicadas, or count on them disappearing for the next 17 years. Stock trading has permanently shifted. This year, retail activity accounts for 24% of equity volume, up from 15% in 2019. Adherents to the new creed are not passive observers willing to let Wall Street manage the markets.</p><p><blockquote>但华尔街不能像蝉一样把零售大军赶走，也不能指望它们在未来 17 年内消失。股票交易已经发生了永久性的变化。今年，零售活动占股本量的 24%，高于 2019 年的 15%。新信条的追随者不是愿意让华尔街管理市场的被动观察者。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/710e642d3b685b74f8c9dcaf46ef3e0b\" tg-width=\"968\" tg-height=\"643\"></p><p><blockquote></blockquote></p><p> “What this really reflects is a reversal of the trends that we saw toward less and less engagement with individual companies,” says Joshua Mitts, a professor at Columbia Law School specializing in securities markets. “Technology is bringing the average investor closer to the companies in which he or she invests, and that’s just taking on new and unpredictable forms.”</p><p><blockquote>“哥伦比亚法学院（Columbia Law School）专门研究证券市场的教授约书亚-米茨（Joshua Mitts）说：”这实际上反映了我们所看到的趋势的逆转，即与个别公司的接触越来越少。“技术正在拉近普通投资者与他或她所投资的公司的距离，而这只是以新的、不可预测的形式出现。”</blockquote></p><p> The swings you get can definitely make you feel some sort of way.</p><p><blockquote>你得到的秋千肯定会让你有某种感觉。</blockquote></p><p> — Matt Kohrs, 26, who streams stock analysis daily on YouTube</p><p><blockquote>— Matt Kohrs，26 岁，每天在 YouTube 上直播股票分析</blockquote></p><p> It is now changing the lives of those who got in early and are still riding the names higher.</p><p><blockquote>它现在正在改变那些早早加入的人的生活，并且仍然在更高的名字上。</blockquote></p><p> Take Matt Kohrs, who had invested in AMC Entertainment early. He quit his job as a programmer in New York in February, moved to Philadelphia, and started streaming&nbsp;stock analysis on YouTube&nbsp;for seven hours a day.</p><p><blockquote>以马特·科尔斯为例，他很早就投资了AMC院线。今年2月，他辞去了纽约程序员的工作，搬到了费城，并开始在YouTube上每天7个小时直播股票分析。</blockquote></p><p> With 350,000 YouTube followers, it’s paying the bills. With his earnings from ads and from the stock, Kohrs says he can pull down roughly the same salary he made before. But he also knows that relying on earnings from stocks like this is nothing like a 9-to-5 job.</p><p><blockquote>YouTube 拥有 35 万粉丝，它正在支付账单。科尔斯说，凭借广告和股票的收入，他可以拿到与以前大致相同的工资。但他也知道，像这样依赖股票收益与朝九晚五的工作完全不同。</blockquote></p><p> “The swings you get can definitely make you feel some sort of way,” he says.</p><p><blockquote>“他说：”你得到的秋千肯定会让你有某种感觉。</blockquote></p><p> Companies are starting to react more aggressively, too. They are either embracing their new owners or paying meme-ologists to understand the emoji-filled language of the new Wall Street so they can ward them off or appease them.</p><p><blockquote>公司也开始做出更积极的反应。他们要么拥抱他们的新主人，要么付钱给迷因学家来理解新华尔街充满表情符号的语言，这样他们就可以阻止他们或安抚他们。</blockquote></p><p> AMC even canceled a proposed equity raise this past week because the company apparently didn’t like the vibes it was getting from the Reddit crowd. AMC has already quintupled its share count over the past year. CEO Adam Aron tweeted that he had seen “many yes, many no” reactions to his proposal to issue 25 million more shares, so it will be canceled instead of being presented for a vote at AMC’s annual meeting later this month. The company did not respond to a question on how it had polled shareholders.</p><p><blockquote>AMC 甚至在上周取消了一项拟议的股权融资，因为该公司显然不喜欢 Reddit 人群的反响。过去一年，AMC 的股票数量已经增加了五倍。首席执行官亚当-阿伦（Adam Aron）在推特上表示，他看到了 “许多人赞成，许多人反对 ”对他增发 2500 万股股票的提议的反应，因此该提议将被取消，而不是在本月晚些时候的 AMC 年会上进行表决。该公司没有回答有关如何调查股东的问题。</blockquote></p><p> Forget the boardroom. Corporate policy is now being determined in the chat room.</p><p><blockquote>忘了会议室吧。公司政策现在正在聊天室里决定。</blockquote></p><p> Big investors are spending more time tracking social-media discussions about stocks. Bank of America found in a survey this year that about 25% of institutions had already been tracking social-media sentiment, but that about 40% are interested in using it going forward.</p><p><blockquote>大投资者正在花费更多时间跟踪社交媒体上有关股票的讨论。美国银行在今年的一项调查中发现，大约25%的机构已经在跟踪社交媒体情绪，但大约40%的机构有兴趣在未来使用它。</blockquote></p><p> In the past few months, Bank of America, Morgan Stanley, and J.P. Morgan have all produced reports on how to trade around the retail action, coming to somewhat different conclusions.</p><p><blockquote>在过去的几个月里，美国银行、摩根士丹利和摩根大通都发布了关于如何围绕零售行动进行交易的报告，得出了有些不同的结论。</blockquote></p><p> There can be “alpha in the signal,” as Morgan Stanley put it, but it can take some intense number-crunching to get there. Not all message-board chatter leads to sustained price gains, of course, and retail order flow cannot easily be separated from institutional flow without substantial data analysis. For investors with the tools to pinpoint which stocks retail investors are buying and which they are selling, J.P. Morgan suggests going long on the 20% of stocks with the most buying interest and short on the top 20% in selling interest.</p><p><blockquote>正如摩根士丹利所说，信号中可能存在 “阿尔法”，但要实现这一目标可能需要一些紧张的数字运算。当然，并不是所有的留言板聊天都会导致价格持续上涨，如果没有大量的数据分析，零售订单流很难与机构流分开。对于拥有工具来确定散户投资者正在购买哪些股票和正在出售哪些股票的投资者来说，摩根大通建议做多买入兴趣最高的 20% 的股票，做空卖出兴趣最高的 20% 的股票。</blockquote></p><p> For now, many of the institutions buying data on social-media sentiment appear to be trying to reduce their risks, as opposed to scouting new opportunities, according to Boris Spiwak of alternative data firm Thinknum, which offers products that track social-media sentiment. “They see it as almost like an insurance policy, to limit their downside risks,” he says.</p><p><blockquote>提供跟踪社交媒体情绪产品的另类数据公司Thinknum的鲍里斯·斯皮瓦克(Boris Spiwak)表示，目前，许多购买社交媒体情绪数据的机构似乎都在试图降低风险，而不是寻找新的机会。“他说：”他们认为这几乎就像一份保险，以限制他们的下行风险。</blockquote></p><p></p><p> For retail traders, the method isn’t always scientific. The action is sustained by a community ethos. And the force behind it is as much emotional and moral as financial.</p><p><blockquote>对于零售商来说，这种方法并不总是科学的。这一行动是由社区精神支撑的。其背后的力量既是情感上的，也是道德上的，也是经济上的。</blockquote></p><p> New investors say they are motivated by a desire to prove themselves and punish the old guard as much as by profits. They learn from one another about the market, sometimes amplifying or debunking conspiracy theories about Wall Street. Some link the meme-stock movement to continued mistrust of big financial institutions stemming from the 2008 financial crisis.</p><p><blockquote>新投资者表示，他们的动机是希望证明自己，并像利润一样惩罚保守派。他们互相学习市场，有时会放大或揭穿关于华尔街的阴谋论。一些人将模因股票运动与2008年金融危机引发的对大型金融机构的持续不信任联系起来。</blockquote></p><p> “Wall Street brought our economy to its knees, and no one ever got in trouble for it,” says the 26-year-old Kohrs. “So, I think they view this as not only can we make money, but we can also make these hedge funds on Wall Street pay.”</p><p><blockquote>“26 岁的科尔斯说：”华尔街让我们的经济陷入困境，但没有人因此惹上麻烦。“所以，我认为他们认为我们不仅可以赚钱，还可以让华尔街的这些对冲基金付钱。”</blockquote></p><p> Claire Hirschberg is a 28-year-old union organizer who bought about $50 worth of GameStop stock on Robinhood in January after hearing about it from friends. She liked the idea, but what really got her excited about it was the reaction of her father, a longtime money manager. “He was so mad I had bought GameStop and was refusing to sell,” she says, laughing. “And that just makes me want to hold it forever.”</p><p><blockquote>克莱尔·赫希伯格 (Claire Hirschberg) 是一名 28 岁的工会组织者，她在 1 月份从朋友那里听说 Robinhood 上购买了价值约 50 美元的游戏驿站股票。她喜欢这个想法，但真正让她兴奋的是她父亲的反应，他是一名长期的资金经理。“她笑着说：”他很生气我买了游戏驿站，还不肯卖。“这让我想永远拿着它。”</blockquote></p><p> Just like old Wall Street has rituals and codes, the new one does, too. A new investment banking employee learns quickly that you don’t wear a Ferragamo tie until after you make associate. You never leave the office until the managing director does, and you don’t complain about the hours. And the bad guys are the regulators and Sen. Elizabeth Warren, and not in that order.</p><p><blockquote>就像老华尔街有仪式和准则一样，新华尔街也有。一位新的投资银行员工很快就会知道，在你成为合伙人之前，你不会打菲拉格慕领带。在总经理离开之前，你从不离开办公室，你也不会抱怨工作时间。坏人是监管者和参议员伊丽莎白·沃伦，而且不是按顺序。</blockquote></p><p> The new trading desk—the apps that millions of retail traders now use and the message boards where they congregate—have unspoken rules, too. Publicly acknowledging financial losses is a valiant act, evidence of internal fortitude and belief in the group. You don’t take yourself seriously and you don’t police language. You are part of an army of “apes” or “retards.” You hold through the crashes, even if it means you might lose everything. And the bad guys are the short sellers, the market makers, and the Wall Street elites, in that order.</p><p><blockquote>新的交易台——数百万散户交易者现在使用的应用程序和他们聚集的留言板——也有潜规则。公开承认财务损失是一种勇敢的行为，是内部坚韧和对本集团信念的证明。你不把自己当回事，也不规范语言。你是 “猿类 ”或 “弱智 ”大军的一员。你坚持住，即使这意味着你可能会失去一切。坏人依次是卖空者、做市商和华尔街精英。</blockquote></p><p> The group action is not just for moral support. The trading strategy depends on people keeping up the buying pressure to force a short squeeze or to buy bullish options that trigger what’s known as a gamma squeeze.</p><p><blockquote>集体行动不仅仅是为了精神支持。交易策略取决于人们保持买入压力，迫使做空，或买入看涨期权，从而引发所谓的伽马挤压。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/75d79c78a14cc8f297e17397cc54bdb5\" tg-width=\"1260\" tg-height=\"840\"><span>Keith Gill became the face of the Reddit army of retail traders pushing shares of GameStop higher when he appeared virtually before a House Financial Services Committee hearing in February.</span></p><p><blockquote><p class=\"t-img-caption\"><span>基思·吉尔 (Keith Gill) 在二月份众议院金融服务委员会听证会上虚拟露面，成为 Reddit 散户交易员大军推高游戏驿站股价的代言人。</span></p></blockquote></p><p> Many short sellers say they won’t touch these stocks anymore. But clearly, others aren’t taking that advice and are giving the meme movement oxygen by repeatedly betting against the stocks. AMC’s short interest was at 17% of the stock’s float in mid-June, down from 28% in January, but not by much.</p><p><blockquote>许多卖空者表示，他们不会再碰这些股票了。但显然，其他人并没有采纳这一建议，而是通过反复做空股票来给备忘录运动注入氧气。6 月中旬，AMC 的空头权益占该股流通量的 17%，低于 1 月份的 28%，但降幅不大。</blockquote></p><p> As the price rises, the shorts can’t help themselves. They start “drooling, with flames coming out of their ears,” says Michael Pachter, a Wedbush Securities analyst who has covered GameStop for years. “What’s kind of shocked me is the definition of insanity, which is doing the same thing over and over and over again and hoping for a different outcome each time, and the shorts keep coming back,” he says. “And [GameStop bull] Keith Gill and his Reddit raiders keep squeezing them, and it keeps working.”</p><p><blockquote>随着价格上涨，空头们也控制不住自己。多年来一直关注游戏驿站的韦德布什证券分析师迈克尔-帕切特（Michael Pachter）说，他们开始 “流口水，耳朵里冒出火焰”。“他说：”让我感到震惊的是精神错乱的定义，就是一遍又一遍地做同样的事情，每次都希望有不同的结果，而空头却不断出现。“[游戏驿站公牛]基思-吉尔（Keith Gill）和他的 Reddit raiders 一直在挤压他们，而且一直在起作用。”</blockquote></p><p> To beat the short sellers, the Reddit crowd needs to hold together, but the community has been showing cracks at times. The two meme stocks with the most determined fan bases—GameStop and AMC—still have enormous armies of core believers who do not seem easily swayed. But other names seem to have more-fickle backers. Several stocks caught up in the meme madness have come crashing down to earth.Bed Bath &amp; Beyond(BBBY) spiked twice—in late January and early June—but now trades only slightly above its mid-January levels. People who bought during the upswings have lost money.</p><p><blockquote>为了击败卖空者，Reddit 人群需要团结起来，但该社区有时会出现裂缝。拥有最坚定粉丝群的两只模因股票——游戏驿站和 AMC——仍然拥有庞大的核心信徒大军，他们似乎不容易动摇。但其他名字似乎有更善变的支持者。几只陷入迷因疯狂的股票已经崩溃。 Bed Bath &amp; Beyond (BBBY) 在 1 月底和 6 月初两次飙升，但现在的交易价格仅略高于 1 月中旬的水平。在上涨期间买入的人已经赔钱了。</blockquote></p><p> Distrust has spread, and some traders worry that wallstreetbets— the original Reddit message board that inspired the GameStop frenzy—has grown so fast that it has lost its original spirit, and potentially grown vulnerable to manipulation. Some have moved to other message boards, like r/superstonk, in hopes of reclaiming the old community’s flavor.</p><p><blockquote>不信任已经蔓延，一些交易员担心 wallstreetbets——激发游戏驿站狂热的最初 Reddit 留言板——发展如此之快，以至于它已经失去了最初的精神，并可能变得容易受到操纵。有些人搬到了其他留言板，如 r/superstonk，希望能重现老社区的风味。</blockquote></p><p> Travis Rehl, the founder of social-media tracking company Hype Equity, says that he tries to separate possible manipulators from more organic investor sentiment. Hype Equity is usually hired by public-relations firms representing companies that are being talked about online, he says. Now, he sees a growing trend of stocks that suddenly come up on message boards, receive positive chatter, and then disappear.</p><p><blockquote>社交媒体跟踪公司 Hype Equity 的创始人特拉维斯·雷尔 (Travis Rehl) 表示，他试图将可能的操纵者与更有机的投资者情绪区分开来。他说，炒作股权通常由代表网上谈论的公司的公关公司雇佣。现在，他看到了一种不断增长的趋势，即股票突然出现在留言板上，收到积极的聊天，然后消失。</blockquote></p><p></p><p> “It’s called into question what is a true discussion versus what is something that somebody just wants to pump,” he says. The moderators of wallstreetbets forbid market manipulation on the platform, and Rehl say they appear to work hard to police misinformation. The moderators did not respond to a request from&nbsp;Barron’s&nbsp;for comment.</p><p><blockquote>“他说：”这让人怀疑什么是真正的讨论，什么是某人只想炒作的东西。wallstreetbets 的版主禁止在该平台上操纵市场，Rehl 表示，他们似乎正在努力遏制错误信息。主持人没有回应《巴伦周刊》的置评请求。</blockquote></p><p> “If you can create enough buzz to get a stock that goes up 10%, 20%, even 50% in a short period of time, there’s a tremendous incentive to do that,” Sosnick says.</p><p><blockquote>“索斯尼克说：”如果你能制造足够的轰动效应，让一只股票在短时间内上涨 10%、20%，甚至 50%，那么你就有巨大的动力去做这件事。</blockquote></p><p> The Securities and Exchange Commission is watching for funny business on the message boards. SEC Chairman Gary Gensler and some members of Congress have discussed changing market rules with the intention of adding transparency protecting retail traders—although changes could also anger the retail crowd if they slow down trading or make it more expensive.</p><p><blockquote>美国证券交易委员会正在关注留言板上的有趣交易。美国证券交易委员会主席加里·詹斯勒（Gary Gensler）和一些国会议员讨论了改变市场规则，目的是增加保护散户交易者的透明度——尽管如果这些变化减缓交易速度或使交易成本更高，也可能激怒零售人群。</blockquote></p><p> Regulations aren’t the only thing that could deflate this trend. Dan Egan, vice president of behavioral finance and investing at fintech Betterment, thinks the momentum may run out of steam in September. Even “apes” have responsibilities. “Kids start going back to schools; parents are free to go to work again,” he says. “That’s the next time there’s going to be some oxygen pulled out of the room.”</p><p><blockquote>监管并不是唯一能遏制这一趋势的因素。fintech Betterment 行为金融和投资副总裁丹·伊根 (Dan Egan) 认为，这种势头可能会在 9 月份耗尽。即使是 “猿猴 ”也有责任。“他说：”孩子们开始重返校园；家长们也可以自由地再次上班了。“那是下一次从房间里抽出氧气的时候了。”</blockquote></p><p> Traditional investors may be tempted to write off the entire phenomenon as temporary madness inspired by lockdowns and free government money. But that would be a mistake. If zero-commission brokerages and fun with GameStop broke down barriers for millions of new investors to open accounts, it’s almost certainly a good thing, as long as most people bet with money they don’t need immediately. Many new retail traders say they are teaching themselves how to trade, and have begun to diversify their holdings.</p><p><blockquote>传统投资者可能会倾向于将整个现象视为由封锁和免费政府资金引发的暂时疯狂。但那将是一个错误。如果零佣金经纪和游戏驿站乐趣打破了数百万新投资者开户的障碍，那么只要大多数人用他们并不立即需要的钱下注，这几乎肯定是一件好事。许多新零售商表示，他们正在自学如何交易，并开始分散持股。</blockquote></p><p> In one form or another, this is the future client base of Wall Street.</p><p><blockquote>无论如何，这是华尔街未来的客户群。</blockquote></p><p> Arizona State University professor Hendrik Bessembinder published groundbreaking&nbsp;research&nbsp;in 2018 that found that “a randomly selected stock in a randomly selected month is more likely to lose money than make money.” In short, picking single stocks and holding a concentrated portfolio tends to be a losing strategy.</p><p><blockquote>亚利桑那州立大学教授亨德里克-贝森宾德（Hendrik Bessembinder）在2018年发表了一项开创性的研究，发现“在随机选择的月份随机选择的股票，亏损的可能性大于赚钱的可能性”。简而言之，挑选单只股票并持有集中投资组合往往是一种失败的策略。</blockquote></p><p> Even so, he’s encouraged by the new wave of trading. “I welcome the increase in retail trading, the idea of the stock market being a place with wide participation,” Bessembinder says. “Economists can’t tell people they shouldn’t get some fun.”</p><p><blockquote>即便如此，他还是对新一波交易感到鼓舞。“贝森宾德说：”我欢迎零售交易的增加，欢迎股票市场成为一个广泛参与的地方。“经济学家不能告诉人们他们不应该找点乐子”。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/the-meme-stock-trade-is-far-from-over-what-investors-need-to-know-51625875247?mod=hp_HERO\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WKHS":"Workhorse Group, Inc.","BBBY":"Bed Bath & Beyond, Inc.","CLOV":"Clover Health Corp","AMC":"AMC院线","GME":"游戏驿站","SCHW":"嘉信理财","BB":"黑莓","CARV":"卡弗储蓄","NEGG":"Newegg Comm Inc."},"source_url":"https://www.barrons.com/articles/the-meme-stock-trade-is-far-from-over-what-investors-need-to-know-51625875247?mod=hp_HERO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112201050","content_text":"It seemed to be only a matter of time.\nWhen GameStop (ticker: GME), BlackBerry (BB), and even the desiccated carcass of Blockbuster suddenly sprang to life in January, the clock was already ticking for when they would crash again. Would it be hours, days, or weeks?\nIt has now been half a year, and the core “meme stocks” are still trading at levels considered outrageous by people who have studied them for years. New names like Clover Health Investments(CLOV) and Newegg Commerce(NEGG) have recently popped up on message boards, and their stocks have popped, too.\nThe collective efforts of millions of retail traders—long derided as “the dumb money”—have successfully held stocks aloft and forced naysayers to capitulate.\nThat is true even as the companies they are betting on have shown scant signs of transforming their businesses, or turning profits that might justify their valuations. BlackBerry burned cash in its latest quarter and warned that its key cybersecurity division would hit the low end of its revenue guidance; the stock dipped on the news but has still more than doubled in the past year.\nWhile trading volume at the big brokers has come down slightly from its February peak, it remains two to three times as high as it was before the pandemic. And a startling amount of that activity is occurring in stocks favored by retail traders. The average daily value of shares traded in AMC Entertainment Holdings(AMC), for example, reached $13.1 billion in June, more than Apple’s(AAPL) $9.5 billion and Amazon.com’s (AMZN) $10.3 billion.\nEven as the coronavirus fades in the U.S., most new traders say they are committed to the hobby they learned during lockdown—58% of day traders in a Betterment survey said they are planning to trade even more in the future, and only 12% plan to trade less. Amateur pandemic bakers have stopped kneading sourdough loaves; traders are only getting hungrier.\nA sustained bear market would spoil such an appetite, as it did when the dot-com bubble burst. For now, dips are reasons to hold or buy.\n\n“I’ve seen that the ‘buy the dip’ sentiment hasn’t relented for a moment,” wrote Brandon Luczek, an electronics technician for the U.S. Navy who trades with friends online, in an email to Barron’s.\nThe meme stock surge has been propelled by a rise in trading by retail investors. In 2020, online brokers signed clients at a record pace, with more than 10 million people opening new accounts. That record will almost certainly be broken in 2021. Brokers had already added more than 10 million accounts less than halfway into the year, some of the top firms have disclosed.\nMeme stocks are both the cart and the horse of this phenomenon. Their sudden price spikes are driven by new investors, and then that action drives even more new people to invest. Millions of people downloaded investing apps in late January and early February just to be a part of the fun. A recent Charles Schwab(SCHW) survey found that 15% of all current traders began investing after 2020.\n\nThe most prominent player in the surge is Robinhood, which said it had added 5.5 million funded accounts in the first quarter alone. But it isn’t alone. Fidelity, for instance, announced that it had attracted 1.6 million new customers under the age of 35 in the first quarter, 223% more than a year before.\nUnder pressure from Robinhood’s zero-commission model, all of the major brokers cut commissions to zero in 2019. That opened the floodgates to a new group of customers—one that may not have as much spare cash to trade but is more active and diverse than its predecessors. And the brokers are cashing in. Fidelity is hoping to attract investors before they even have driver’s licenses, allowing children as young as 13 to open trading accounts. Robinhood is riding the momentum to an initial public offering that analysts expect to value it at more than 10 times its revenue.\nThese new customers act differently than their older peers. For years, there was a “big gravitation toward ETFs,” says Chris Larkin, head of trading at E*Trade, which is now owned by Morgan Stanley (MS). But picking single stocks is clearly “the big story of 2021.”\nTo be sure, equity exchange-traded funds are still doing well, as investors around the world bet on the pandemic recovery and avoid weak bond yields.\nBut ETFs don’t light up the message boards like stocks do. Not that it has been a one-way ride for the top names. GameStop did dip in February, and Wall Street enjoyed a moment of schadenfreude. It didn’t last.\n“Like cicadas, meme traders returned in a wild blaze of activity after being seemingly underground for several months,” wrote Steve Sosnick, chief strategist at Interactive Brokers. Sosnick believes that the meme stocks tend to trade inversely to cryptocurrencies, because their fans rotate from one to the other as the momentum shifts.\n“I don’t think it’s strictly a coincidence that meme stocks roared back to life after a significant correction in Bitcoin and other cryptocurrencies,” he wrote.\nSosnick considers meme stocks a “sector unto themselves,” one that he segregates on his computer monitor away from other stock tickers.\nIndeed, Wall Street’s reaction to the meme stock revolution has been to isolate the parts of the market that the pros deem irrational. Most short sellers won’t touch the stocks, and analysts are dropping coverage.\nBut Wall Street can’t swat the retail army away like cicadas, or count on them disappearing for the next 17 years. Stock trading has permanently shifted. This year, retail activity accounts for 24% of equity volume, up from 15% in 2019. Adherents to the new creed are not passive observers willing to let Wall Street manage the markets.\n\n“What this really reflects is a reversal of the trends that we saw toward less and less engagement with individual companies,” says Joshua Mitts, a professor at Columbia Law School specializing in securities markets. “Technology is bringing the average investor closer to the companies in which he or she invests, and that’s just taking on new and unpredictable forms.”\nThe swings you get can definitely make you feel some sort of way.\n— Matt Kohrs, 26, who streams stock analysis daily on YouTube\nIt is now changing the lives of those who got in early and are still riding the names higher.\nTake Matt Kohrs, who had invested in AMC Entertainment early. He quit his job as a programmer in New York in February, moved to Philadelphia, and started streaming stock analysis on YouTube for seven hours a day.\nWith 350,000 YouTube followers, it’s paying the bills. With his earnings from ads and from the stock, Kohrs says he can pull down roughly the same salary he made before. But he also knows that relying on earnings from stocks like this is nothing like a 9-to-5 job.\n“The swings you get can definitely make you feel some sort of way,” he says.\nCompanies are starting to react more aggressively, too. They are either embracing their new owners or paying meme-ologists to understand the emoji-filled language of the new Wall Street so they can ward them off or appease them.\nAMC even canceled a proposed equity raise this past week because the company apparently didn’t like the vibes it was getting from the Reddit crowd. AMC has already quintupled its share count over the past year. CEO Adam Aron tweeted that he had seen “many yes, many no” reactions to his proposal to issue 25 million more shares, so it will be canceled instead of being presented for a vote at AMC’s annual meeting later this month. The company did not respond to a question on how it had polled shareholders.\nForget the boardroom. Corporate policy is now being determined in the chat room.\nBig investors are spending more time tracking social-media discussions about stocks. Bank of America found in a survey this year that about 25% of institutions had already been tracking social-media sentiment, but that about 40% are interested in using it going forward.\nIn the past few months, Bank of America, Morgan Stanley, and J.P. Morgan have all produced reports on how to trade around the retail action, coming to somewhat different conclusions.\nThere can be “alpha in the signal,” as Morgan Stanley put it, but it can take some intense number-crunching to get there. Not all message-board chatter leads to sustained price gains, of course, and retail order flow cannot easily be separated from institutional flow without substantial data analysis. For investors with the tools to pinpoint which stocks retail investors are buying and which they are selling, J.P. Morgan suggests going long on the 20% of stocks with the most buying interest and short on the top 20% in selling interest.\nFor now, many of the institutions buying data on social-media sentiment appear to be trying to reduce their risks, as opposed to scouting new opportunities, according to Boris Spiwak of alternative data firm Thinknum, which offers products that track social-media sentiment. “They see it as almost like an insurance policy, to limit their downside risks,” he says.\nFor retail traders, the method isn’t always scientific. The action is sustained by a community ethos. And the force behind it is as much emotional and moral as financial.\nNew investors say they are motivated by a desire to prove themselves and punish the old guard as much as by profits. They learn from one another about the market, sometimes amplifying or debunking conspiracy theories about Wall Street. Some link the meme-stock movement to continued mistrust of big financial institutions stemming from the 2008 financial crisis.\n“Wall Street brought our economy to its knees, and no one ever got in trouble for it,” says the 26-year-old Kohrs. “So, I think they view this as not only can we make money, but we can also make these hedge funds on Wall Street pay.”\nClaire Hirschberg is a 28-year-old union organizer who bought about $50 worth of GameStop stock on Robinhood in January after hearing about it from friends. She liked the idea, but what really got her excited about it was the reaction of her father, a longtime money manager. “He was so mad I had bought GameStop and was refusing to sell,” she says, laughing. “And that just makes me want to hold it forever.”\nJust like old Wall Street has rituals and codes, the new one does, too. A new investment banking employee learns quickly that you don’t wear a Ferragamo tie until after you make associate. You never leave the office until the managing director does, and you don’t complain about the hours. And the bad guys are the regulators and Sen. Elizabeth Warren, and not in that order.\nThe new trading desk—the apps that millions of retail traders now use and the message boards where they congregate—have unspoken rules, too. Publicly acknowledging financial losses is a valiant act, evidence of internal fortitude and belief in the group. You don’t take yourself seriously and you don’t police language. You are part of an army of “apes” or “retards.” You hold through the crashes, even if it means you might lose everything. And the bad guys are the short sellers, the market makers, and the Wall Street elites, in that order.\nThe group action is not just for moral support. The trading strategy depends on people keeping up the buying pressure to force a short squeeze or to buy bullish options that trigger what’s known as a gamma squeeze.\nKeith Gill became the face of the Reddit army of retail traders pushing shares of GameStop higher when he appeared virtually before a House Financial Services Committee hearing in February.\nMany short sellers say they won’t touch these stocks anymore. But clearly, others aren’t taking that advice and are giving the meme movement oxygen by repeatedly betting against the stocks. AMC’s short interest was at 17% of the stock’s float in mid-June, down from 28% in January, but not by much.\nAs the price rises, the shorts can’t help themselves. They start “drooling, with flames coming out of their ears,” says Michael Pachter, a Wedbush Securities analyst who has covered GameStop for years. “What’s kind of shocked me is the definition of insanity, which is doing the same thing over and over and over again and hoping for a different outcome each time, and the shorts keep coming back,” he says. “And [GameStop bull] Keith Gill and his Reddit raiders keep squeezing them, and it keeps working.”\nTo beat the short sellers, the Reddit crowd needs to hold together, but the community has been showing cracks at times. The two meme stocks with the most determined fan bases—GameStop and AMC—still have enormous armies of core believers who do not seem easily swayed. But other names seem to have more-fickle backers. Several stocks caught up in the meme madness have come crashing down to earth.Bed Bath & Beyond(BBBY) spiked twice—in late January and early June—but now trades only slightly above its mid-January levels. People who bought during the upswings have lost money.\nDistrust has spread, and some traders worry that wallstreetbets— the original Reddit message board that inspired the GameStop frenzy—has grown so fast that it has lost its original spirit, and potentially grown vulnerable to manipulation. Some have moved to other message boards, like r/superstonk, in hopes of reclaiming the old community’s flavor.\nTravis Rehl, the founder of social-media tracking company Hype Equity, says that he tries to separate possible manipulators from more organic investor sentiment. Hype Equity is usually hired by public-relations firms representing companies that are being talked about online, he says. Now, he sees a growing trend of stocks that suddenly come up on message boards, receive positive chatter, and then disappear.\n“It’s called into question what is a true discussion versus what is something that somebody just wants to pump,” he says. The moderators of wallstreetbets forbid market manipulation on the platform, and Rehl say they appear to work hard to police misinformation. The moderators did not respond to a request from Barron’s for comment.\n“If you can create enough buzz to get a stock that goes up 10%, 20%, even 50% in a short period of time, there’s a tremendous incentive to do that,” Sosnick says.\nThe Securities and Exchange Commission is watching for funny business on the message boards. SEC Chairman Gary Gensler and some members of Congress have discussed changing market rules with the intention of adding transparency protecting retail traders—although changes could also anger the retail crowd if they slow down trading or make it more expensive.\nRegulations aren’t the only thing that could deflate this trend. Dan Egan, vice president of behavioral finance and investing at fintech Betterment, thinks the momentum may run out of steam in September. Even “apes” have responsibilities. “Kids start going back to schools; parents are free to go to work again,” he says. “That’s the next time there’s going to be some oxygen pulled out of the room.”\nTraditional investors may be tempted to write off the entire phenomenon as temporary madness inspired by lockdowns and free government money. But that would be a mistake. If zero-commission brokerages and fun with GameStop broke down barriers for millions of new investors to open accounts, it’s almost certainly a good thing, as long as most people bet with money they don’t need immediately. Many new retail traders say they are teaching themselves how to trade, and have begun to diversify their holdings.\nIn one form or another, this is the future client base of Wall Street.\nArizona State University professor Hendrik Bessembinder published groundbreaking research in 2018 that found that “a randomly selected stock in a randomly selected month is more likely to lose money than make money.” In short, picking single stocks and holding a concentrated portfolio tends to be a losing strategy.\nEven so, he’s encouraged by the new wave of trading. “I welcome the increase in retail trading, the idea of the stock market being a place with wide participation,” Bessembinder says. “Economists can’t tell people they shouldn’t get some fun.”","news_type":1,"symbols_score_info":{"NEGG":0.9,"BBBY":0.9,"BB":0.9,"GME":0.9,"CARV":0.9,"SCHW":0.9,"CLOV":0.9,"WKHS":0.9,"MRIN":0.9,"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":2953,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168888389,"gmtCreate":1623971449641,"gmtModify":1631890034809,"author":{"id":"3581814038363779","authorId":"3581814038363779","name":"Matthewlee","avatar":"https://static.tigerbbs.com/1b353e4b25bc0161b43146b622f27f99","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814038363779","idStr":"3581814038363779"},"themes":[],"title":"","htmlText":"The trend on tech stocks keep booming&nbsp;","listText":"The trend on tech stocks keep booming&nbsp;","text":"The trend on tech stocks keep booming","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/168888389","repostId":"2144286417","repostType":4,"isVote":1,"tweetType":1,"viewCount":2954,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159350360,"gmtCreate":1624943079050,"gmtModify":1631890034788,"author":{"id":"3581814038363779","authorId":"3581814038363779","name":"Matthewlee","avatar":"https://static.tigerbbs.com/1b353e4b25bc0161b43146b622f27f99","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814038363779","idStr":"3581814038363779"},"themes":[],"title":"","htmlText":"NIO, a long term stock to hold for better gains","listText":"NIO, a long term stock to hold for better gains","text":"NIO, a long term stock to hold for better gains","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/159350360","repostId":"1113711731","repostType":4,"repost":{"id":"1113711731","kind":"news","pubTimestamp":1624937958,"share":"https://www.laohunote.com/m/news/1113711731?lang=zh_CN&edition=full","pubTime":"2021-06-29 11:39","market":"us","language":"en","title":"NIO Stock Is Going Nuts. This Is the Best Explanation.<blockquote>蔚来股票正在疯狂。这是最好的解释。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1113711731","media":"Barrons","summary":"Stock in Chinese electric vehicle maker NIO is on fire. While a surge in the volume of options tradi","content":"<p>Stock in Chinese electric vehicle maker&nbsp;NIO&nbsp;is&nbsp;on fire. While a surge in the volume of options trading isn’t a perfect explanation for the rally, it certainlyhelped shares soaron Monday.</p><p><blockquote>中国电动汽车制造商蔚来的股票着火了。虽然期权交易量的激增并不能完美解释股价上涨，但它确实帮助股市在周一飙升。</blockquote></p><p> NIO (ticker: NIO) stock gained almost 10% Monday and shares are up 28% over the past month. The&nbsp;S&amp;P 500,for comparison, rose 0.2% Monday and is up 2% over the past month. Call options volume, which rose almost 200% on Monday compared to Friday, is perhaps the biggest reason NIO shares might be more volatile.</p><p><blockquote>蔚来（股票代码：蔚来）股价周一上涨近 10%，过去一个月股价上涨 28%。相比之下，标准普尔 500 指数周一上涨 0.2%，过去一个月上涨 2%。与周五相比，周一看涨期权期权交易量增长了近 200%，这可能是蔚来股票波动更大的最大原因。</blockquote></p><p> Call options give the holder the right to buy a stock at a fixed price. (Buying a call is a bullish take on the underlying stock.) Brokers will sell and trade options contracts because they want to earn a commission on a trade. But brokers don’t want to be short a call option, which means they’ll have to take a loss if the stock rises.</p><p><blockquote>看涨期权期权赋予持有人以固定价格购买股票的权利。（购买看涨期权是对标的股票的看涨。）经纪人会出售和交易期权合约，因为他们想从交易中赚取佣金。但经纪商不想做空看涨期权期权，这意味着如果股价上涨，他们将不得不承担损失。</blockquote></p><p> One way brokers can hedge options positions is to buy the underlying stock. If a broker sells a call and buys the stock, they can earn the options commission and, if the stock rises, they can deliver the stock purchased to the call holder. In that scenario, the broker doesn’t have to buy shares at a higher price. That process is one way higher-than-average call buying can drive buying in the underlying stock.</p><p><blockquote>经纪商对冲期权头寸的一种方法是购买标的股票。如果经纪人出售看涨期权并购买股票，他们可以赚取期权佣金，如果股票上涨，他们可以将购买的股票交付给看涨期权持有人。在这种情况下，经纪人不必以更高的价格购买股票。这一过程是高于平均水平的看涨期权买入量推动标的股票买入量的一种方式。</blockquote></p><p> Other factors don’t seem to be at play. Wall Street, for example, can’t be credited with the rally. The average analystprice targetfor NIO stock is up about 1% over the past month and not much has happened to those targets since the companyreported earningsat the end of April. Looking back to that point, the average analyst price target has gone up about $1 to a little more than $59 a share.</p><p><blockquote>其他因素似乎没有起作用。例如，华尔街的反弹功不可没。过去一个月，分析师对蔚来股票的平均目标价上涨了约 1%，自该公司 4 月底公布收益以来，这些目标并没有发生太大变化。回顾过去，分析师的平均目标价已上涨约 1 美元，至每股 59 美元多一点。</blockquote></p><p> News doesn’t seem to be a credible reason for NIO’s rally, either. The last release on NIO’s website is fromJune 1when the company reported May deliveries. Those numbers relieved investors because the electric vehicle company maintained second-quarter delivery guidance despite a global automotive semiconductor shortage that has roiled the entire industry.</p><p><blockquote>新闻似乎也不是蔚来反弹的可信理由。蔚来网站上的最后一次发布是在 6 月 1 日，当时该公司报告称将于 5 月交付。这些数字让投资者松了一口气，因为尽管全球汽车半导体短缺扰乱了整个行业，但这家电动汽车公司仍维持了第二季度的交付指引。</blockquote></p><p> NIO shares are now up 1% year to date. It’s been a wild ride so far in 2021. Based on recent trading, the ride will continue.</p><p><blockquote>蔚来股价今年迄今已上涨 1%。2021 年到目前为止，这是一段疯狂的旅程。根据最近的交易情况，这一趋势将继续下去。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NIO Stock Is Going Nuts. This Is the Best Explanation.<blockquote>蔚来股票正在疯狂。这是最好的解释。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNIO Stock Is Going Nuts. This Is the Best Explanation.<blockquote>蔚来股票正在疯狂。这是最好的解释。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-06-29 11:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Stock in Chinese electric vehicle maker&nbsp;NIO&nbsp;is&nbsp;on fire. While a surge in the volume of options trading isn’t a perfect explanation for the rally, it certainlyhelped shares soaron Monday.</p><p><blockquote>中国电动汽车制造商蔚来的股票着火了。虽然期权交易量的激增并不能完美解释股价上涨，但它确实帮助股市在周一飙升。</blockquote></p><p> NIO (ticker: NIO) stock gained almost 10% Monday and shares are up 28% over the past month. The&nbsp;S&amp;P 500,for comparison, rose 0.2% Monday and is up 2% over the past month. Call options volume, which rose almost 200% on Monday compared to Friday, is perhaps the biggest reason NIO shares might be more volatile.</p><p><blockquote>蔚来（股票代码：蔚来）股价周一上涨近 10%，过去一个月股价上涨 28%。相比之下，标准普尔 500 指数周一上涨 0.2%，过去一个月上涨 2%。与周五相比，周一看涨期权期权交易量增长了近 200%，这可能是蔚来股票波动更大的最大原因。</blockquote></p><p> Call options give the holder the right to buy a stock at a fixed price. (Buying a call is a bullish take on the underlying stock.) Brokers will sell and trade options contracts because they want to earn a commission on a trade. But brokers don’t want to be short a call option, which means they’ll have to take a loss if the stock rises.</p><p><blockquote>看涨期权期权赋予持有人以固定价格购买股票的权利。（购买看涨期权是对标的股票的看涨。）经纪人会出售和交易期权合约，因为他们想从交易中赚取佣金。但经纪商不想做空看涨期权期权，这意味着如果股价上涨，他们将不得不承担损失。</blockquote></p><p> One way brokers can hedge options positions is to buy the underlying stock. If a broker sells a call and buys the stock, they can earn the options commission and, if the stock rises, they can deliver the stock purchased to the call holder. In that scenario, the broker doesn’t have to buy shares at a higher price. That process is one way higher-than-average call buying can drive buying in the underlying stock.</p><p><blockquote>经纪商对冲期权头寸的一种方法是购买标的股票。如果经纪人出售看涨期权并购买股票，他们可以赚取期权佣金，如果股票上涨，他们可以将购买的股票交付给看涨期权持有人。在这种情况下，经纪人不必以更高的价格购买股票。这一过程是高于平均水平的看涨期权买入量推动标的股票买入量的一种方式。</blockquote></p><p> Other factors don’t seem to be at play. Wall Street, for example, can’t be credited with the rally. The average analystprice targetfor NIO stock is up about 1% over the past month and not much has happened to those targets since the companyreported earningsat the end of April. Looking back to that point, the average analyst price target has gone up about $1 to a little more than $59 a share.</p><p><blockquote>其他因素似乎没有起作用。例如，华尔街的反弹功不可没。过去一个月，分析师对蔚来股票的平均目标价上涨了约 1%，自该公司 4 月底公布收益以来，这些目标并没有发生太大变化。回顾过去，分析师的平均目标价已上涨约 1 美元，至每股 59 美元多一点。</blockquote></p><p> News doesn’t seem to be a credible reason for NIO’s rally, either. The last release on NIO’s website is fromJune 1when the company reported May deliveries. Those numbers relieved investors because the electric vehicle company maintained second-quarter delivery guidance despite a global automotive semiconductor shortage that has roiled the entire industry.</p><p><blockquote>新闻似乎也不是蔚来反弹的可信理由。蔚来网站上的最后一次发布是在 6 月 1 日，当时该公司报告称将于 5 月交付。这些数字让投资者松了一口气，因为尽管全球汽车半导体短缺扰乱了整个行业，但这家电动汽车公司仍维持了第二季度的交付指引。</blockquote></p><p> NIO shares are now up 1% year to date. It’s been a wild ride so far in 2021. Based on recent trading, the ride will continue.</p><p><blockquote>蔚来股价今年迄今已上涨 1%。2021 年到目前为止，这是一段疯狂的旅程。根据最近的交易情况，这一趋势将继续下去。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/nio-stock-options-volume-51624921009?siteid=yhoof2\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"source_url":"https://www.barrons.com/articles/nio-stock-options-volume-51624921009?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113711731","content_text":"Stock in Chinese electric vehicle maker NIO is on fire. While a surge in the volume of options trading isn’t a perfect explanation for the rally, it certainlyhelped shares soaron Monday.\nNIO (ticker: NIO) stock gained almost 10% Monday and shares are up 28% over the past month. The S&P 500,for comparison, rose 0.2% Monday and is up 2% over the past month. Call options volume, which rose almost 200% on Monday compared to Friday, is perhaps the biggest reason NIO shares might be more volatile.\nCall options give the holder the right to buy a stock at a fixed price. (Buying a call is a bullish take on the underlying stock.) Brokers will sell and trade options contracts because they want to earn a commission on a trade. But brokers don’t want to be short a call option, which means they’ll have to take a loss if the stock rises.\nOne way brokers can hedge options positions is to buy the underlying stock. If a broker sells a call and buys the stock, they can earn the options commission and, if the stock rises, they can deliver the stock purchased to the call holder. In that scenario, the broker doesn’t have to buy shares at a higher price. That process is one way higher-than-average call buying can drive buying in the underlying stock.\nOther factors don’t seem to be at play. Wall Street, for example, can’t be credited with the rally. The average analystprice targetfor NIO stock is up about 1% over the past month and not much has happened to those targets since the companyreported earningsat the end of April. Looking back to that point, the average analyst price target has gone up about $1 to a little more than $59 a share.\nNews doesn’t seem to be a credible reason for NIO’s rally, either. The last release on NIO’s website is fromJune 1when the company reported May deliveries. Those numbers relieved investors because the electric vehicle company maintained second-quarter delivery guidance despite a global automotive semiconductor shortage that has roiled the entire industry.\nNIO shares are now up 1% year to date. It’s been a wild ride so far in 2021. Based on recent trading, the ride will continue.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":3918,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190218773,"gmtCreate":1620622838892,"gmtModify":1631892367426,"author":{"id":"3581814038363779","authorId":"3581814038363779","name":"Matthewlee","avatar":"https://static.tigerbbs.com/1b353e4b25bc0161b43146b622f27f99","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814038363779","idStr":"3581814038363779"},"themes":[],"title":"","htmlText":"With so many news articles published, is there a easier way to digest them","listText":"With so many news articles published, is there a easier way to digest them","text":"With so many news articles published, is there a easier way to digest them","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/190218773","repostId":"2134686276","repostType":4,"isVote":1,"tweetType":1,"viewCount":915,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107328766,"gmtCreate":1620446481755,"gmtModify":1631892367435,"author":{"id":"3581814038363779","authorId":"3581814038363779","name":"Matthewlee","avatar":"https://static.tigerbbs.com/1b353e4b25bc0161b43146b622f27f99","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814038363779","idStr":"3581814038363779"},"themes":[],"title":"","htmlText":"This is so dubious and dangerous. Why are people investing in it","listText":"This is so dubious and dangerous. Why are people investing in it","text":"This is so dubious and dangerous. Why are people investing in it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/107328766","repostId":"1160802774","repostType":4,"repost":{"id":"1160802774","kind":"news","pubTimestamp":1620442206,"share":"https://www.laohunote.com/m/news/1160802774?lang=zh_CN&edition=full","pubTime":"2021-05-08 10:50","market":"other","language":"en","title":"Dogecoin price’s ‘make-or-break’ moment looms with Elon Musk set to host ‘Saturday Night Live’<blockquote>狗狗币价格的“成败”时刻迫在眉睫，埃隆-马斯克将主持《周六夜现场》</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1160802774","media":"Marketwatch","summary":"Nikki Beesetti started investing in crypto back in 2017 and paid off her final semester at Purdue Un","content":"<p>Nikki Beesetti started investing in crypto back in 2017 and paid off her final semester at Purdue University with proceeds from the sale of a single bitcoin that she bought on a whim, which had surged to nearly $20,000.</p><p><blockquote>尼基·比塞蒂 (Nikki Beesetti) 早在 2017 年就开始投资加密货币，并用她心血来潮购买的一台比特币的销售收入偿还了她在普渡大学的最后一个学期，该收入已飙升至近 20,000 美元。</blockquote></p><p>Now, the product manager for a startup in New York is dabbling in dogecoin&nbsp;,and sees this weekend as a possible make-or-break moment for the parody coin that has seen a stratospheric, nearly 13,000% rise in 2021.</p><p><blockquote>现在，纽约一家初创公司的产品经理正在涉足狗狗币，并认为本周末可能是这种恶搞币的成败时刻，该恶搞币在 2021 年上涨了近 13,000%。</blockquote></p><p>“This Saturday is going to be a total make-or-break for dogecoin,” Beesetti told MarketWatch in a phone interview.</p><p><blockquote>“Beesetti 在接受 MarketWatch 电话采访时说：”本周六将是狗狗币的成败之战。</blockquote></p><p>“If he can really get the messaging right, dogecoin can really take off…or it’s going to crash to wherever it’s going to crash to,” she said.</p><p><blockquote>“她说：”如果他真的能把信息传递正确，狗狗币就能真正起飞.或者它会崩溃到任何它想崩溃的地方。</blockquote></p><p>The 25-year-old investor is one of a number of relatively young traders who are piling into speculative altcoins like dogecoin as the so-called joke asset mints millionaires and draws some concerns about a bubble forming in the nascent crypto complex.</p><p><blockquote>这位 25 岁的投资者是众多相对年轻的交易者之一，他们作为所谓的笑话资产造币厂百万富翁，涌入狗狗币等投机性山寨币，并引起了人们对新生加密货币综合体中形成泡沫的一些担忧。</blockquote></p><p>Musk will host NBC’s late-night live television comedy sketch show, “Saturday Night Live,” this weekend and his coming appearance has already drawn&nbsp;cheers and jeers.</p><p><blockquote>马斯克将于本周末主持美国全国广播公司（NBC）的深夜电视直播喜剧小品节目《周六夜现场》（Saturday Night Live），他的亮相已经引起了欢呼和嘲笑。</blockquote></p><p>Musk has been one of the biggest cheerleaders for dogecoin and crypto broadly. The self-appointed “Technoking” of Tesla&nbsp;has been mostly using his massive social media following to pump up the price of doge,&nbsp;tweeting back on April 1&nbsp;that he would use his SpaceX rockets to put a physical Doge coin on the literal moon, echoing the social media goal of taking the coin’s price “to the moon.”</p><p><blockquote>马斯克一直是狗狗币和加密货币的最大啦啦队员之一。这位自称为 “技术专家 ”的特斯拉主要利用他在社交媒体上的大量粉丝来抬高 doge 的价格，他早在 4 月 1 日就在推特上表示，他将使用他的 SpaceX 火箭将实体 doge 硬币放在月球上，这与社交媒体上将硬币价格 “推向月球 ”的目标相呼应。</blockquote></p><p>Beesetti said that she first got involved in dogecoin — she also invests in technology stocks and exchange-traded funds — at the prompting of Musk’s social-media missives from last summer.</p><p><blockquote>比塞蒂说，她第一次涉足狗狗币--她还投资科技股和交易所交易基金--是在马斯克去年夏天的社交媒体信件的推动下。</blockquote></p><p>She bought dogecoin when it was trading at 3/10ths of a penny and she kept dollar-cost averaging her position in the digital asset created in 2013 even as it hit around 1 cent last August.</p><p><blockquote>她在狗狗币的交易价格为1美分的3/10时购买了它，尽管去年8月它达到了1美分左右，但她仍保持了她在2013年创建的数字资产中的平均美元成本头寸。</blockquote></p><p>Musk has become a rallying point for dogecoin holders on sites like Reddit and his coming appearance on “SNL” is a hotly anticipated moment inside and outside crypto markets, which had largely been centered on bitcoin&nbsp;and Ethereum&nbsp;,the two largest cryptos in the world.</p><p><blockquote>马斯克已成为 Reddit 等网站上狗狗币持有者的集结点，他即将出现在《SNL》节目中，这在加密货币市场内外都是一个备受期待的时刻，而加密货币市场主要集中在比特币和以太币这两个世界上最大的加密货币上。</blockquote></p><p>Dogecoin has long held the reputation as a joke currency in the digital-asset realm but it is hard to deny that its surging value has gripped Main Street and Wall Street’s attention — at least momentarily.</p><p><blockquote>狗狗币长期以来一直是数字资产领域的笑话货币，但不可否认的是，它飙升的价值吸引了主街和华尔街的注意--至少是暂时的。</blockquote></p><p>Former “SNL” cast member and comedian David Spade on Thursday tweeted that he wondered if Musk’s appearance on the sketch show would equate to a 90-minute infomercial for doge, adding, perhaps tongue in cheek that he was buying dogecoin.</p><p><blockquote>前《周六夜现场》剧组成员、喜剧演员大卫-斯派德（David Spade）周四在推特上表示，他想知道马斯克出现在小品节目中是否相当于 doge 的 90 分钟信息广告，并补充说，也许是半开玩笑地说，他正在购买狗狗币。</blockquote></p><p>Oddsmakers at betting platformSportsBettingDime.com&nbsp;have established a number of prop bets about Musk’s appearance on “Saturday Night Live,” including which if any crypto he mentions first on the show.</p><p><blockquote>博彩平台SportsBettingDime.com的博彩公司已经为马斯克出现在《周六夜现场》节目中提供了一些道具投注，包括他在节目中首先提到的任何加密货币。</blockquote></p><p>Which cryptocurrency does Musk mention first:</p><p><blockquote>马斯克首先提到的是哪种加密货币：</blockquote></p><p>1. Bitcoin: -200</p><p><blockquote>1. 比特币：-200</blockquote></p><p>2. Dogecoin: +600</p><p><blockquote>2.狗狗币：+600</blockquote></p><p>3. FIELD: +450</p><p><blockquote>3. 字段：+450</blockquote></p><p>4. Does Not Mention Bitcoin: +400</p><p><blockquote>4. 未提及比特币：+400</blockquote></p><p>Beesetti said that she sold about $8,000 worth of dogecoin recently to buy a pair of Gucci shoes, an iPhone and upped her position in Ether thar runs on the Ethereum protocol but has otherwise been a steady holder of doge.</p><p><blockquote>Beesetti 表示，她最近出售了价值约 8,000 美元的 dogecoin，购买了一双 Gucci 鞋、一部 iPhone，并提高了她在以太币协议 Ether thar 运行中的地位，但除此之外，她一直是 doge 的稳定持有者。</blockquote></p><p>The investor wouldn’t offer specific figures but said that her holdings currently range from 50,000 to 100,000 dogecoin.</p><p><blockquote>这位投资者不愿提供具体数字，但表示她目前持有的狗狗币在 5 万到 10 万个之间。</blockquote></p><p>Perhaps unlike some investors in doge, she is under no illusion that it has utility but submits to the possibility that momentum could build in a parody asset to such an extent that it forges its own legitimacy.</p><p><blockquote>也许与 doge 的一些投资者不同，她并不幻想它具有效用，而是接受了 momentum 可以在模仿资产中建立这种可能性，以至于它可以伪造自己的合法性。</blockquote></p><p>“Doge doesn’t have intrinsic value,” Beesetti said. “The value becomes real if you and a collective group of people believe in it. And in this case, there are more groups and people than before who believe.”</p><p><blockquote>“Doge 没有内在价值，”Beesetti 说。“如果你和一群人相信它，这种价值就会变得真实。在这种情况下，相信它的团体和人比以前更多了”。</blockquote></p><p>That said, reality could hit meme coin holders hard come Sunday morning, at least one analyst said.</p><p><blockquote>尽管如此，至少一位分析师表示，周日早上，现实可能会对模因币持有者造成沉重打击。</blockquote></p><p>“Post-SNL, some crypto traders could abandon short-term&nbsp;Dogecoin&nbsp;bets once it becomes clear that it is not skyrocketing to the moon or at the heavily eyed $1 level,” wrote Edward Moya, senior market analyst at Oanda, in a research note.</p><p><blockquote>“Oanda 高级市场分析师爱德华-莫亚（Edward Moya）在一份研究报告中写道：”在 SNL 之后，一些加密货币交易员可能会放弃对狗狗币的短期押注，一旦狗狗币没有飙升至月球或处于备受关注的 1 美元水平。</blockquote></p><p>The analyst also notes that strong conviction of dogecoin investors,known as hodlers in the crypto world, could defy logic and keep prices buoyant.</p><p><blockquote>这位分析师还指出，狗狗币投资者（在加密货币世界中被称为霍德勒）的坚定信念可能会违背逻辑并保持价格上涨。</blockquote></p><p>“The retail-army of traders that have been committed to Doge might remain stubbornly hodlers, so we shouldn’t be surprised if a sell the event reaction does not happen,” the Oanda strategist said.</p><p><blockquote>“Oanda 策略师说：”一直致力于 Doge 的零售大军可能仍然顽固地持有 Doge，因此，如果没有出现卖出事件的反应，我们也不应该感到惊讶。</blockquote></p><p>How it all plays out for dogecoin is anyone’s guess.</p><p><blockquote>狗狗币的结果如何，谁也说不准。</blockquote></p><p>“It’s just a meme currency but sometimes the most entertaining outcome becomes the reality,” Beesetti said.</p><p><blockquote>“比塞蒂说：”这只是一种备忘录货币，但有时最有趣的结果会变成现实。</blockquote></p><p>That meme currency has enjoyed a spectacular ride compared against most other assets. Gold futures&nbsp;are down 3% so far this year, the Dow Jones Industrial Average&nbsp;and the S&amp;P 500 index&nbsp;are up by nearly 13% in 2021, while the Nasdaq Composite Index&nbsp;has gained about over 6% so far this year.</p><p><blockquote>与大多数其他资产相比，这种迷因货币的表现非常出色。今年迄今为止，黄金期货下跌了3%，道琼斯工业平均指数和标普500指数在2021年上涨了近13%，而纳斯达克综合指数今年迄今为止上涨了6%以上。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dogecoin price’s ‘make-or-break’ moment looms with Elon Musk set to host ‘Saturday Night Live’<blockquote>狗狗币价格的“成败”时刻迫在眉睫，埃隆-马斯克将主持《周六夜现场》</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDogecoin price’s ‘make-or-break’ moment looms with Elon Musk set to host ‘Saturday Night Live’<blockquote>狗狗币价格的“成败”时刻迫在眉睫，埃隆-马斯克将主持《周六夜现场》</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Marketwatch</strong><span class=\"h-time small\">2021-05-08 10:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Nikki Beesetti started investing in crypto back in 2017 and paid off her final semester at Purdue University with proceeds from the sale of a single bitcoin that she bought on a whim, which had surged to nearly $20,000.</p><p><blockquote>尼基·比塞蒂 (Nikki Beesetti) 早在 2017 年就开始投资加密货币，并用她心血来潮购买的一台比特币的销售收入偿还了她在普渡大学的最后一个学期，该收入已飙升至近 20,000 美元。</blockquote></p><p>Now, the product manager for a startup in New York is dabbling in dogecoin&nbsp;,and sees this weekend as a possible make-or-break moment for the parody coin that has seen a stratospheric, nearly 13,000% rise in 2021.</p><p><blockquote>现在，纽约一家初创公司的产品经理正在涉足狗狗币，并认为本周末可能是这种恶搞币的成败时刻，该恶搞币在 2021 年上涨了近 13,000%。</blockquote></p><p>“This Saturday is going to be a total make-or-break for dogecoin,” Beesetti told MarketWatch in a phone interview.</p><p><blockquote>“Beesetti 在接受 MarketWatch 电话采访时说：”本周六将是狗狗币的成败之战。</blockquote></p><p>“If he can really get the messaging right, dogecoin can really take off…or it’s going to crash to wherever it’s going to crash to,” she said.</p><p><blockquote>“她说：”如果他真的能把信息传递正确，狗狗币就能真正起飞.或者它会崩溃到任何它想崩溃的地方。</blockquote></p><p>The 25-year-old investor is one of a number of relatively young traders who are piling into speculative altcoins like dogecoin as the so-called joke asset mints millionaires and draws some concerns about a bubble forming in the nascent crypto complex.</p><p><blockquote>这位 25 岁的投资者是众多相对年轻的交易者之一，他们作为所谓的笑话资产造币厂百万富翁，涌入狗狗币等投机性山寨币，并引起了人们对新生加密货币综合体中形成泡沫的一些担忧。</blockquote></p><p>Musk will host NBC’s late-night live television comedy sketch show, “Saturday Night Live,” this weekend and his coming appearance has already drawn&nbsp;cheers and jeers.</p><p><blockquote>马斯克将于本周末主持美国全国广播公司（NBC）的深夜电视直播喜剧小品节目《周六夜现场》（Saturday Night Live），他的亮相已经引起了欢呼和嘲笑。</blockquote></p><p>Musk has been one of the biggest cheerleaders for dogecoin and crypto broadly. The self-appointed “Technoking” of Tesla&nbsp;has been mostly using his massive social media following to pump up the price of doge,&nbsp;tweeting back on April 1&nbsp;that he would use his SpaceX rockets to put a physical Doge coin on the literal moon, echoing the social media goal of taking the coin’s price “to the moon.”</p><p><blockquote>马斯克一直是狗狗币和加密货币的最大啦啦队员之一。这位自称为 “技术专家 ”的特斯拉主要利用他在社交媒体上的大量粉丝来抬高 doge 的价格，他早在 4 月 1 日就在推特上表示，他将使用他的 SpaceX 火箭将实体 doge 硬币放在月球上，这与社交媒体上将硬币价格 “推向月球 ”的目标相呼应。</blockquote></p><p>Beesetti said that she first got involved in dogecoin — she also invests in technology stocks and exchange-traded funds — at the prompting of Musk’s social-media missives from last summer.</p><p><blockquote>比塞蒂说，她第一次涉足狗狗币--她还投资科技股和交易所交易基金--是在马斯克去年夏天的社交媒体信件的推动下。</blockquote></p><p>She bought dogecoin when it was trading at 3/10ths of a penny and she kept dollar-cost averaging her position in the digital asset created in 2013 even as it hit around 1 cent last August.</p><p><blockquote>她在狗狗币的交易价格为1美分的3/10时购买了它，尽管去年8月它达到了1美分左右，但她仍保持了她在2013年创建的数字资产中的平均美元成本头寸。</blockquote></p><p>Musk has become a rallying point for dogecoin holders on sites like Reddit and his coming appearance on “SNL” is a hotly anticipated moment inside and outside crypto markets, which had largely been centered on bitcoin&nbsp;and Ethereum&nbsp;,the two largest cryptos in the world.</p><p><blockquote>马斯克已成为 Reddit 等网站上狗狗币持有者的集结点，他即将出现在《SNL》节目中，这在加密货币市场内外都是一个备受期待的时刻，而加密货币市场主要集中在比特币和以太币这两个世界上最大的加密货币上。</blockquote></p><p>Dogecoin has long held the reputation as a joke currency in the digital-asset realm but it is hard to deny that its surging value has gripped Main Street and Wall Street’s attention — at least momentarily.</p><p><blockquote>狗狗币长期以来一直是数字资产领域的笑话货币，但不可否认的是，它飙升的价值吸引了主街和华尔街的注意--至少是暂时的。</blockquote></p><p>Former “SNL” cast member and comedian David Spade on Thursday tweeted that he wondered if Musk’s appearance on the sketch show would equate to a 90-minute infomercial for doge, adding, perhaps tongue in cheek that he was buying dogecoin.</p><p><blockquote>前《周六夜现场》剧组成员、喜剧演员大卫-斯派德（David Spade）周四在推特上表示，他想知道马斯克出现在小品节目中是否相当于 doge 的 90 分钟信息广告，并补充说，也许是半开玩笑地说，他正在购买狗狗币。</blockquote></p><p>Oddsmakers at betting platformSportsBettingDime.com&nbsp;have established a number of prop bets about Musk’s appearance on “Saturday Night Live,” including which if any crypto he mentions first on the show.</p><p><blockquote>博彩平台SportsBettingDime.com的博彩公司已经为马斯克出现在《周六夜现场》节目中提供了一些道具投注，包括他在节目中首先提到的任何加密货币。</blockquote></p><p>Which cryptocurrency does Musk mention first:</p><p><blockquote>马斯克首先提到的是哪种加密货币：</blockquote></p><p>1. Bitcoin: -200</p><p><blockquote>1. 比特币：-200</blockquote></p><p>2. Dogecoin: +600</p><p><blockquote>2.狗狗币：+600</blockquote></p><p>3. FIELD: +450</p><p><blockquote>3. 字段：+450</blockquote></p><p>4. Does Not Mention Bitcoin: +400</p><p><blockquote>4. 未提及比特币：+400</blockquote></p><p>Beesetti said that she sold about $8,000 worth of dogecoin recently to buy a pair of Gucci shoes, an iPhone and upped her position in Ether thar runs on the Ethereum protocol but has otherwise been a steady holder of doge.</p><p><blockquote>Beesetti 表示，她最近出售了价值约 8,000 美元的 dogecoin，购买了一双 Gucci 鞋、一部 iPhone，并提高了她在以太币协议 Ether thar 运行中的地位，但除此之外，她一直是 doge 的稳定持有者。</blockquote></p><p>The investor wouldn’t offer specific figures but said that her holdings currently range from 50,000 to 100,000 dogecoin.</p><p><blockquote>这位投资者不愿提供具体数字，但表示她目前持有的狗狗币在 5 万到 10 万个之间。</blockquote></p><p>Perhaps unlike some investors in doge, she is under no illusion that it has utility but submits to the possibility that momentum could build in a parody asset to such an extent that it forges its own legitimacy.</p><p><blockquote>也许与 doge 的一些投资者不同，她并不幻想它具有效用，而是接受了 momentum 可以在模仿资产中建立这种可能性，以至于它可以伪造自己的合法性。</blockquote></p><p>“Doge doesn’t have intrinsic value,” Beesetti said. “The value becomes real if you and a collective group of people believe in it. And in this case, there are more groups and people than before who believe.”</p><p><blockquote>“Doge 没有内在价值，”Beesetti 说。“如果你和一群人相信它，这种价值就会变得真实。在这种情况下，相信它的团体和人比以前更多了”。</blockquote></p><p>That said, reality could hit meme coin holders hard come Sunday morning, at least one analyst said.</p><p><blockquote>尽管如此，至少一位分析师表示，周日早上，现实可能会对模因币持有者造成沉重打击。</blockquote></p><p>“Post-SNL, some crypto traders could abandon short-term&nbsp;Dogecoin&nbsp;bets once it becomes clear that it is not skyrocketing to the moon or at the heavily eyed $1 level,” wrote Edward Moya, senior market analyst at Oanda, in a research note.</p><p><blockquote>“Oanda 高级市场分析师爱德华-莫亚（Edward Moya）在一份研究报告中写道：”在 SNL 之后，一些加密货币交易员可能会放弃对狗狗币的短期押注，一旦狗狗币没有飙升至月球或处于备受关注的 1 美元水平。</blockquote></p><p>The analyst also notes that strong conviction of dogecoin investors,known as hodlers in the crypto world, could defy logic and keep prices buoyant.</p><p><blockquote>这位分析师还指出，狗狗币投资者（在加密货币世界中被称为霍德勒）的坚定信念可能会违背逻辑并保持价格上涨。</blockquote></p><p>“The retail-army of traders that have been committed to Doge might remain stubbornly hodlers, so we shouldn’t be surprised if a sell the event reaction does not happen,” the Oanda strategist said.</p><p><blockquote>“Oanda 策略师说：”一直致力于 Doge 的零售大军可能仍然顽固地持有 Doge，因此，如果没有出现卖出事件的反应，我们也不应该感到惊讶。</blockquote></p><p>How it all plays out for dogecoin is anyone’s guess.</p><p><blockquote>狗狗币的结果如何，谁也说不准。</blockquote></p><p>“It’s just a meme currency but sometimes the most entertaining outcome becomes the reality,” Beesetti said.</p><p><blockquote>“比塞蒂说：”这只是一种备忘录货币，但有时最有趣的结果会变成现实。</blockquote></p><p>That meme currency has enjoyed a spectacular ride compared against most other assets. Gold futures&nbsp;are down 3% so far this year, the Dow Jones Industrial Average&nbsp;and the S&amp;P 500 index&nbsp;are up by nearly 13% in 2021, while the Nasdaq Composite Index&nbsp;has gained about over 6% so far this year.</p><p><blockquote>与大多数其他资产相比，这种迷因货币的表现非常出色。今年迄今为止，黄金期货下跌了3%，道琼斯工业平均指数和标普500指数在2021年上涨了近13%，而纳斯达克综合指数今年迄今为止上涨了6%以上。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/a-total-make-or-break-for-dogecoin-says-one-crypto-investor-as-elon-musk-prepares-to-host-saturday-night-live-11620413674?mod=associated-press\">Marketwatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/a-total-make-or-break-for-dogecoin-says-one-crypto-investor-as-elon-musk-prepares-to-host-saturday-night-live-11620413674?mod=associated-press","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160802774","content_text":"Nikki Beesetti started investing in crypto back in 2017 and paid off her final semester at Purdue University with proceeds from the sale of a single bitcoin that she bought on a whim, which had surged to nearly $20,000.Now, the product manager for a startup in New York is dabbling in dogecoin ,and sees this weekend as a possible make-or-break moment for the parody coin that has seen a stratospheric, nearly 13,000% rise in 2021.“This Saturday is going to be a total make-or-break for dogecoin,” Beesetti told MarketWatch in a phone interview.“If he can really get the messaging right, dogecoin can really take off…or it’s going to crash to wherever it’s going to crash to,” she said.The 25-year-old investor is one of a number of relatively young traders who are piling into speculative altcoins like dogecoin as the so-called joke asset mints millionaires and draws some concerns about a bubble forming in the nascent crypto complex.Musk will host NBC’s late-night live television comedy sketch show, “Saturday Night Live,” this weekend and his coming appearance has already drawn cheers and jeers.Musk has been one of the biggest cheerleaders for dogecoin and crypto broadly. The self-appointed “Technoking” of Tesla has been mostly using his massive social media following to pump up the price of doge, tweeting back on April 1 that he would use his SpaceX rockets to put a physical Doge coin on the literal moon, echoing the social media goal of taking the coin’s price “to the moon.”Beesetti said that she first got involved in dogecoin — she also invests in technology stocks and exchange-traded funds — at the prompting of Musk’s social-media missives from last summer.She bought dogecoin when it was trading at 3/10ths of a penny and she kept dollar-cost averaging her position in the digital asset created in 2013 even as it hit around 1 cent last August.Musk has become a rallying point for dogecoin holders on sites like Reddit and his coming appearance on “SNL” is a hotly anticipated moment inside and outside crypto markets, which had largely been centered on bitcoin and Ethereum ,the two largest cryptos in the world.Dogecoin has long held the reputation as a joke currency in the digital-asset realm but it is hard to deny that its surging value has gripped Main Street and Wall Street’s attention — at least momentarily.Former “SNL” cast member and comedian David Spade on Thursday tweeted that he wondered if Musk’s appearance on the sketch show would equate to a 90-minute infomercial for doge, adding, perhaps tongue in cheek that he was buying dogecoin.Oddsmakers at betting platformSportsBettingDime.com have established a number of prop bets about Musk’s appearance on “Saturday Night Live,” including which if any crypto he mentions first on the show.Which cryptocurrency does Musk mention first:1. Bitcoin: -2002. Dogecoin: +6003. FIELD: +4504. Does Not Mention Bitcoin: +400Beesetti said that she sold about $8,000 worth of dogecoin recently to buy a pair of Gucci shoes, an iPhone and upped her position in Ether thar runs on the Ethereum protocol but has otherwise been a steady holder of doge.The investor wouldn’t offer specific figures but said that her holdings currently range from 50,000 to 100,000 dogecoin.Perhaps unlike some investors in doge, she is under no illusion that it has utility but submits to the possibility that momentum could build in a parody asset to such an extent that it forges its own legitimacy.“Doge doesn’t have intrinsic value,” Beesetti said. “The value becomes real if you and a collective group of people believe in it. And in this case, there are more groups and people than before who believe.”That said, reality could hit meme coin holders hard come Sunday morning, at least one analyst said.“Post-SNL, some crypto traders could abandon short-term Dogecoin bets once it becomes clear that it is not skyrocketing to the moon or at the heavily eyed $1 level,” wrote Edward Moya, senior market analyst at Oanda, in a research note.The analyst also notes that strong conviction of dogecoin investors,known as hodlers in the crypto world, could defy logic and keep prices buoyant.“The retail-army of traders that have been committed to Doge might remain stubbornly hodlers, so we shouldn’t be surprised if a sell the event reaction does not happen,” the Oanda strategist said.How it all plays out for dogecoin is anyone’s guess.“It’s just a meme currency but sometimes the most entertaining outcome becomes the reality,” Beesetti said.That meme currency has enjoyed a spectacular ride compared against most other assets. Gold futures are down 3% so far this year, the Dow Jones Industrial Average and the S&P 500 index are up by nearly 13% in 2021, while the Nasdaq Composite Index has gained about over 6% so far this year.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":517,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":142672599,"gmtCreate":1626149771511,"gmtModify":1631890034760,"author":{"id":"3581814038363779","authorId":"3581814038363779","name":"Matthewlee","avatar":"https://static.tigerbbs.com/1b353e4b25bc0161b43146b622f27f99","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814038363779","idStr":"3581814038363779"},"themes":[],"title":"","htmlText":"Bitcoin, name we have all heard but does anyone truly know what itis? We dabble in this due to the hype and it affects the normal investment schemes.&nbsp;","listText":"Bitcoin, name we have all heard but does anyone truly know what itis? We dabble in this due to the hype and it affects the normal investment schemes.&nbsp;","text":"Bitcoin, name we have all heard but does anyone truly know what itis? We dabble in this due to the hype and it affects the normal investment schemes.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/142672599","repostId":"1161408787","repostType":4,"repost":{"id":"1161408787","kind":"news","pubTimestamp":1626147401,"share":"https://www.laohunote.com/m/news/1161408787?lang=zh_CN&edition=full","pubTime":"2021-07-13 11:36","market":"us","language":"en","title":"Just 5% Of All Bitcoins In Circulation Have Traded In The Past Year<blockquote>过去一年中流通的所有比特币中只有 5% 进行了交易</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1161408787","media":"zerohedge","summary":"In JPMorgan's latest weekly bitcoin hit piece (because for some \"inexplicable\" reason, JPMorgan exec","content":"<p>In JPMorgan's latest weekly bitcoin hit piece (because for some \"inexplicable\" reason, JPMorgan executive have instructed most of the bank's strategists, including those covering equity and rates, to slam the cryptocurrency on a weekly if not daily basis while the bank quietlybuilds out its own proprietary crypto fund, almost as if it is desperate to scare its clients into selling), the bank makes an interesting argument: bitcoin is not liquid enough to be successfully implemented as a legal tender in El Salvador.</p><p><blockquote>在摩根大通最新的每周比特币热门文章中（因为出于某种“无法解释”的原因，摩根大通高管已指示该银行的大多数策略师，包括那些报道股票和利率的策略师，每周（如果不是每天）抨击加密货币，而该银行悄悄地建立了自己的专有加密货币基金，几乎就好像它不顾一切地吓唬客户出售一样），该银行提出了一个有趣的论点：比特币的流动性不足以在萨尔瓦多成功实施为法定货币。</blockquote></p><p> We won't speak to the validity of JPM's argument - we will soon find out first hand whether or not El Salvador made a mistake in adopting bitcoin as legal tender - although it certainly is simple enough: “daily payment activity in El Salvador would represent ~4% of recent on-chain transaction volume and more than 1% of the total value of tokens which have been transferred between wallets in the past year,” the report said, with the illiquidity and nature of the volume “potentially a significant limitation on its potential as a medium of exchange.”</p><p><blockquote>我们不会谈论摩根大通的论点的有效性--我们很快就会第一手发现萨尔瓦多在采用比特币作为法定货币时是否犯了错误--尽管这当然很简单： “报告称：”萨尔瓦多的日常支付活动将占近期链上交易量的约4%，占过去一年钱包之间转移的代币总价值的1%以上，”报告称，交易量的非流动性和性质 “可能会严重限制其作为交换媒介的潜力”。</blockquote></p><p> Perhaps, then again in its brief history bitcoin has certainly demonstrated that it is remarkably scalable and viable even without a central bank propping it up every time there is even a modest risk-flaring hiccup, which is much more than we could ever say about the global stock market or currencies such as Europe's \"whatever it takes\" euro.</p><p><blockquote>或许，在其短暂的历史中，比特币无疑已经证明了它具有非凡的可扩展性和可行性，即使每次出现哪怕是轻微的风险爆发问题时，央行也没有对其进行支撑，这远远超过了我们对全球股市或欧洲“不惜一切代价”欧元等货币的评价。</blockquote></p><p> Of course, JPMorgan - a bank that directly benefited form more than one multibilion bailout - will be the last to admit just how much sustainable the cryptocurrency has become, which is why we will ignore the bank's latest round of propaganda, but will point out an interesting fact unearthed by JPMorgan: it goes straight to the heart of the recurring argument why bitcoin is so volatile.</p><p><blockquote>当然，摩根大通——一家直接受益于超过数十亿美元救助的银行——将是最后一家承认加密货币已经变得多么可持续的银行，这就是为什么我们将忽略该银行最新一轮的宣传，但会指出摩根大通发现的一个有趣的事实：它直奔比特币为何如此不稳定这一反复出现的争论的核心。</blockquote></p><p> The reason, as JPM has discovered, is that bitcoin's float may be as little as 5%, if not less. Discussing the daily trading volumes of bitcoin, JPM notes that a large fraction of Bitcoin are locked up in illiquid entities (liquidity sinks),<b>\"with more than 90% not changing hands in more than a year\" while roughly 80% - and rising - are held by wallets with light turnover.&nbsp; This means that a paltry 5-10% of all bitcoin in circulation has traded in the past year.</b></p><p><blockquote>摩根大通发现，原因是比特币的流通量可能低至5%，如果不是更低的话。在讨论比特币的每日交易量时，摩根大通指出，很大一部分比特币被锁定在非流动性实体（流动性池）中，<b>“超过 90% 的比特币在一年多内没有易手”，而大约 80%（而且还在上升）的钱包持有，流通量很小。这意味着，在过去一年中，所有流通中的比特币中，只有微不足道的 5-10% 进行了交易。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/ce30e31759284bfbf1d8923cb4149bfc\" tg-width=\"725\" tg-height=\"534\"></p><p><blockquote></blockquote></p><p> Another way of putting it:<b>an asset with a $600 billion market cap has a float of just $30 billion.</b>Which is remarkable as it means that<b>no whales</b>sold bitcoin when it hit its all time high of $65,000.<b>And if they didn't sell then, they certainly won't sell now when it's half that price.</b></p><p><blockquote>另一种说法是：<b>市值为 6000 亿美元的资产的流通量仅为 300 亿美元。</b>这很了不起，因为这意味着<b>没有鲸鱼</b>当比特币创下 65,000 美元的历史新高时出售。<b>如果他们当时不卖，现在是那个价格的一半，他们肯定也不会卖。</b></blockquote></p><p> This, more than anything else, explains why bitcoin - an asset whose market cap was more than a $1 trillion as recently as April - is so extremely volatile: with the vast majority of bitcoin locked up or held by whale accounts who rarely if ever trade, the marginal price setter of bitcoin are odd lots - a burst of trading in fractions of a bitcoin, where the momentum in many cases is ignited and magnified by HFTs who then shape the movement of the crypto in hopes of hitting the max pain stop loss positions for other cryptos, and where as a result of such a unique trading environment, the price of bitcoin can swing 10%, 15% , or even 20% or more every day.</p><p><blockquote>这比其他任何事情都更解释了为什么比特币——一种市值在 4 月份超过 1 万亿美元的资产——如此剧烈波动：由于绝大多数比特币被锁定或持有，鲸鱼账户很少交易，比特币的边际价格制定者是奇怪的批次——比特币的几分之一的交易爆发，在许多情况下，这种势头是由 HFT 点燃和放大的，然后 HFT 塑造加密货币的运动，希望达到其他加密货币的最大痛苦止损头寸，由于这种独特的交易环境，比特币的价格每天可以波动 10%、15%，甚至 20% 或更多。</blockquote></p><p> The question we have is during liquidation pukes like the one observed recently, how much of the newly released bitcoin are gobbled up by existing or new whales. Judging by the gray line in the chart above, the answer is a record amount.</p><p><blockquote>我们的问题是，在清算期间，就像最近观察到的那样，有多少新释放的比特币被现有的或新的鲸鱼吞噬了。从上图中的灰线来看，答案是创纪录的数量。</blockquote></p><p> Which means that we are now in the<i>\"weak hands\" shake out and whale accumulation</i>phase. And once the new generation of whales has bought enough, that's when the next squeeze higher will take place, sending the crypto currency and its peers to fresh all time highs. Because if there is one thing that is very easy to do with an asset whose float is as low as bitcoin's, it is to manipulate it as a handful of big players want.</p><p><blockquote>这意味着我们现在在<i>“弱手”甩掉鲸鱼积累</i>阶段。一旦新一代鲸鱼买够了，下一次挤压上涨就会发生，将加密货币及其同行推向历史新高。因为如果说对于流通量像比特币一样低的资产有一件非常容易做到的话，那就是按照少数大玩家的意愿操纵它。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Just 5% Of All Bitcoins In Circulation Have Traded In The Past Year<blockquote>过去一年中流通的所有比特币中只有 5% 进行了交易</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJust 5% Of All Bitcoins In Circulation Have Traded In The Past Year<blockquote>过去一年中流通的所有比特币中只有 5% 进行了交易</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-07-13 11:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p>In JPMorgan's latest weekly bitcoin hit piece (because for some \"inexplicable\" reason, JPMorgan executive have instructed most of the bank's strategists, including those covering equity and rates, to slam the cryptocurrency on a weekly if not daily basis while the bank quietlybuilds out its own proprietary crypto fund, almost as if it is desperate to scare its clients into selling), the bank makes an interesting argument: bitcoin is not liquid enough to be successfully implemented as a legal tender in El Salvador.</p><p><blockquote>在摩根大通最新的每周比特币热门文章中（因为出于某种“无法解释”的原因，摩根大通高管已指示该银行的大多数策略师，包括那些报道股票和利率的策略师，每周（如果不是每天）抨击加密货币，而该银行悄悄地建立了自己的专有加密货币基金，几乎就好像它不顾一切地吓唬客户出售一样），该银行提出了一个有趣的论点：比特币的流动性不足以在萨尔瓦多成功实施为法定货币。</blockquote></p><p> We won't speak to the validity of JPM's argument - we will soon find out first hand whether or not El Salvador made a mistake in adopting bitcoin as legal tender - although it certainly is simple enough: “daily payment activity in El Salvador would represent ~4% of recent on-chain transaction volume and more than 1% of the total value of tokens which have been transferred between wallets in the past year,” the report said, with the illiquidity and nature of the volume “potentially a significant limitation on its potential as a medium of exchange.”</p><p><blockquote>我们不会谈论摩根大通的论点的有效性--我们很快就会第一手发现萨尔瓦多在采用比特币作为法定货币时是否犯了错误--尽管这当然很简单： “报告称：”萨尔瓦多的日常支付活动将占近期链上交易量的约4%，占过去一年钱包之间转移的代币总价值的1%以上，”报告称，交易量的非流动性和性质 “可能会严重限制其作为交换媒介的潜力”。</blockquote></p><p> Perhaps, then again in its brief history bitcoin has certainly demonstrated that it is remarkably scalable and viable even without a central bank propping it up every time there is even a modest risk-flaring hiccup, which is much more than we could ever say about the global stock market or currencies such as Europe's \"whatever it takes\" euro.</p><p><blockquote>或许，在其短暂的历史中，比特币无疑已经证明了它具有非凡的可扩展性和可行性，即使每次出现哪怕是轻微的风险爆发问题时，央行也没有对其进行支撑，这远远超过了我们对全球股市或欧洲“不惜一切代价”欧元等货币的评价。</blockquote></p><p> Of course, JPMorgan - a bank that directly benefited form more than one multibilion bailout - will be the last to admit just how much sustainable the cryptocurrency has become, which is why we will ignore the bank's latest round of propaganda, but will point out an interesting fact unearthed by JPMorgan: it goes straight to the heart of the recurring argument why bitcoin is so volatile.</p><p><blockquote>当然，摩根大通——一家直接受益于超过数十亿美元救助的银行——将是最后一家承认加密货币已经变得多么可持续的银行，这就是为什么我们将忽略该银行最新一轮的宣传，但会指出摩根大通发现的一个有趣的事实：它直奔比特币为何如此不稳定这一反复出现的争论的核心。</blockquote></p><p> The reason, as JPM has discovered, is that bitcoin's float may be as little as 5%, if not less. Discussing the daily trading volumes of bitcoin, JPM notes that a large fraction of Bitcoin are locked up in illiquid entities (liquidity sinks),<b>\"with more than 90% not changing hands in more than a year\" while roughly 80% - and rising - are held by wallets with light turnover.&nbsp; This means that a paltry 5-10% of all bitcoin in circulation has traded in the past year.</b></p><p><blockquote>摩根大通发现，原因是比特币的流通量可能低至5%，如果不是更低的话。在讨论比特币的每日交易量时，摩根大通指出，很大一部分比特币被锁定在非流动性实体（流动性池）中，<b>“超过 90% 的比特币在一年多内没有易手”，而大约 80%（而且还在上升）的钱包持有，流通量很小。这意味着，在过去一年中，所有流通中的比特币中，只有微不足道的 5-10% 进行了交易。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/ce30e31759284bfbf1d8923cb4149bfc\" tg-width=\"725\" tg-height=\"534\"></p><p><blockquote></blockquote></p><p> Another way of putting it:<b>an asset with a $600 billion market cap has a float of just $30 billion.</b>Which is remarkable as it means that<b>no whales</b>sold bitcoin when it hit its all time high of $65,000.<b>And if they didn't sell then, they certainly won't sell now when it's half that price.</b></p><p><blockquote>另一种说法是：<b>市值为 6000 亿美元的资产的流通量仅为 300 亿美元。</b>这很了不起，因为这意味着<b>没有鲸鱼</b>当比特币创下 65,000 美元的历史新高时出售。<b>如果他们当时不卖，现在是那个价格的一半，他们肯定也不会卖。</b></blockquote></p><p> This, more than anything else, explains why bitcoin - an asset whose market cap was more than a $1 trillion as recently as April - is so extremely volatile: with the vast majority of bitcoin locked up or held by whale accounts who rarely if ever trade, the marginal price setter of bitcoin are odd lots - a burst of trading in fractions of a bitcoin, where the momentum in many cases is ignited and magnified by HFTs who then shape the movement of the crypto in hopes of hitting the max pain stop loss positions for other cryptos, and where as a result of such a unique trading environment, the price of bitcoin can swing 10%, 15% , or even 20% or more every day.</p><p><blockquote>这比其他任何事情都更解释了为什么比特币——一种市值在 4 月份超过 1 万亿美元的资产——如此剧烈波动：由于绝大多数比特币被锁定或持有，鲸鱼账户很少交易，比特币的边际价格制定者是奇怪的批次——比特币的几分之一的交易爆发，在许多情况下，这种势头是由 HFT 点燃和放大的，然后 HFT 塑造加密货币的运动，希望达到其他加密货币的最大痛苦止损头寸，由于这种独特的交易环境，比特币的价格每天可以波动 10%、15%，甚至 20% 或更多。</blockquote></p><p> The question we have is during liquidation pukes like the one observed recently, how much of the newly released bitcoin are gobbled up by existing or new whales. Judging by the gray line in the chart above, the answer is a record amount.</p><p><blockquote>我们的问题是，在清算期间，就像最近观察到的那样，有多少新释放的比特币被现有的或新的鲸鱼吞噬了。从上图中的灰线来看，答案是创纪录的数量。</blockquote></p><p> Which means that we are now in the<i>\"weak hands\" shake out and whale accumulation</i>phase. And once the new generation of whales has bought enough, that's when the next squeeze higher will take place, sending the crypto currency and its peers to fresh all time highs. Because if there is one thing that is very easy to do with an asset whose float is as low as bitcoin's, it is to manipulate it as a handful of big players want.</p><p><blockquote>这意味着我们现在在<i>“弱手”甩掉鲸鱼积累</i>阶段。一旦新一代鲸鱼买够了，下一次挤压上涨就会发生，将加密货币及其同行推向历史新高。因为如果说对于流通量像比特币一样低的资产有一件非常容易做到的话，那就是按照少数大玩家的意愿操纵它。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/just-5-all-bitcoins-circulation-have-traded-past-year\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.zerohedge.com/markets/just-5-all-bitcoins-circulation-have-traded-past-year","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161408787","content_text":"In JPMorgan's latest weekly bitcoin hit piece (because for some \"inexplicable\" reason, JPMorgan executive have instructed most of the bank's strategists, including those covering equity and rates, to slam the cryptocurrency on a weekly if not daily basis while the bank quietlybuilds out its own proprietary crypto fund, almost as if it is desperate to scare its clients into selling), the bank makes an interesting argument: bitcoin is not liquid enough to be successfully implemented as a legal tender in El Salvador.\nWe won't speak to the validity of JPM's argument - we will soon find out first hand whether or not El Salvador made a mistake in adopting bitcoin as legal tender - although it certainly is simple enough: “daily payment activity in El Salvador would represent ~4% of recent on-chain transaction volume and more than 1% of the total value of tokens which have been transferred between wallets in the past year,” the report said, with the illiquidity and nature of the volume “potentially a significant limitation on its potential as a medium of exchange.”\nPerhaps, then again in its brief history bitcoin has certainly demonstrated that it is remarkably scalable and viable even without a central bank propping it up every time there is even a modest risk-flaring hiccup, which is much more than we could ever say about the global stock market or currencies such as Europe's \"whatever it takes\" euro.\nOf course, JPMorgan - a bank that directly benefited form more than one multibilion bailout - will be the last to admit just how much sustainable the cryptocurrency has become, which is why we will ignore the bank's latest round of propaganda, but will point out an interesting fact unearthed by JPMorgan: it goes straight to the heart of the recurring argument why bitcoin is so volatile.\nThe reason, as JPM has discovered, is that bitcoin's float may be as little as 5%, if not less. Discussing the daily trading volumes of bitcoin, JPM notes that a large fraction of Bitcoin are locked up in illiquid entities (liquidity sinks),\"with more than 90% not changing hands in more than a year\" while roughly 80% - and rising - are held by wallets with light turnover.  This means that a paltry 5-10% of all bitcoin in circulation has traded in the past year.\n\nAnother way of putting it:an asset with a $600 billion market cap has a float of just $30 billion.Which is remarkable as it means thatno whalessold bitcoin when it hit its all time high of $65,000.And if they didn't sell then, they certainly won't sell now when it's half that price.\nThis, more than anything else, explains why bitcoin - an asset whose market cap was more than a $1 trillion as recently as April - is so extremely volatile: with the vast majority of bitcoin locked up or held by whale accounts who rarely if ever trade, the marginal price setter of bitcoin are odd lots - a burst of trading in fractions of a bitcoin, where the momentum in many cases is ignited and magnified by HFTs who then shape the movement of the crypto in hopes of hitting the max pain stop loss positions for other cryptos, and where as a result of such a unique trading environment, the price of bitcoin can swing 10%, 15% , or even 20% or more every day.\nThe question we have is during liquidation pukes like the one observed recently, how much of the newly released bitcoin are gobbled up by existing or new whales. Judging by the gray line in the chart above, the answer is a record amount.\nWhich means that we are now in the\"weak hands\" shake out and whale accumulationphase. And once the new generation of whales has bought enough, that's when the next squeeze higher will take place, sending the crypto currency and its peers to fresh all time highs. Because if there is one thing that is very easy to do with an asset whose float is as low as bitcoin's, it is to manipulate it as a handful of big players want.","news_type":1,"symbols_score_info":{"COIN":0.9}},"isVote":1,"tweetType":1,"viewCount":1914,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125863875,"gmtCreate":1624668118797,"gmtModify":1631890034800,"author":{"id":"3581814038363779","authorId":"3581814038363779","name":"Matthewlee","avatar":"https://static.tigerbbs.com/1b353e4b25bc0161b43146b622f27f99","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814038363779","idStr":"3581814038363779"},"themes":[],"title":"","htmlText":"Apple business model used to be amazing with strong barriers of entry. But now it seems that it is starting to decline in its Innovation and creativity","listText":"Apple business model used to be amazing with strong barriers of entry. But now it seems that it is starting to decline in its Innovation and creativity","text":"Apple business model used to be amazing with strong barriers of entry. But now it seems that it is starting to decline in its Innovation and creativity","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/125863875","repostId":"1108941456","repostType":4,"isVote":1,"tweetType":1,"viewCount":2096,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":136150990,"gmtCreate":1622000929410,"gmtModify":1631892367406,"author":{"id":"3581814038363779","authorId":"3581814038363779","name":"Matthewlee","avatar":"https://static.tigerbbs.com/1b353e4b25bc0161b43146b622f27f99","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581814038363779","idStr":"3581814038363779"},"themes":[],"title":"","htmlText":"The narket is truly unpredictable, with memes becoming valuable as money","listText":"The narket is truly unpredictable, with memes becoming valuable as money","text":"The narket is truly unpredictable, with memes becoming valuable as money","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/136150990","repostId":"1137738225","repostType":4,"isVote":1,"tweetType":1,"viewCount":729,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}