Are you sure that FOMO finally taken grip on you? Are you ready to get involved in the revolution in stock trading that is being referred to as the meme and purchase a share of AMC as well as GameStop (GME) stocks? It’s best to have a bit of details before you can begin.
A few would suggest looking for the Stonk O-Tracker site. Which was created to keep track of all relevant information on the two most well-known memes on the market. Charli d’amelio feet
There’s been debate on the accuracy of this tool. However, just like everything else, it should not be considered to be a 100% sure method of making huge profits. In this article, we’ll take a look at what the Stonk O-Tracker can do and what it can tell us. And whether it will result in more money in your pocket.
What’s the Stonk-O-Tracker?
The Stonk O Tracker website was that was created by an unknown developer. Who recognized that there was a need to have a single shop for the tracking of data to AMC as well as GME. The website contains specific information that are relevant for investors, with a focus on the current short-term markets.
It also contains various stats such as the price at the moment. The NYSE price as well as its Short Sale Restriction (SSE) threshold, the volume of trading. And the latest borrowed ETF shares, as well as day-by-day options data.
If that’s way too much for you and you’re not sure the best way to interpret each statistic further down.
Where is the Stonk-O’Tracker’s origin from?
The simplest explanation for what the Stonk-O-Tracker’s origins are is a trader in retail looking to update information on two of the web’s most popular stocks. But what is the significance of AMC or GME? The story goes back a few years.
Meme stocks
In 2020, as the role of retail investors became increasingly prominent with the advent of mobile apps such as Robinhood and WealthSimple certain businesses and brands began to achieve cult status as potential market opportunities.
The companies that were included, including AMC and Game Stop were classified as “meme stocks” because of its popularity in social networking platforms such as Reddit where amateur investors were often gathered to discuss their findings.
While many meme stocks have since vanished into an era of obscurity, AMC and GameStop have maintained an interest level that is high due to the involvement of prominent investors such as Elon Musk and Ryan Cohen.
Short squeeze
The two stocks attracted the attention of the giant social media company due to the short-term positions that were taken by a number of hedge funds, which are betting that the old media firms would fail.
GameStop, the video game retailer with a connection with a lot of the famous online voices, as well as AMC, a movie theater chain with the same connection, were among the stocks with the highest short-term losses that were listed on Wall Street.
Without getting into the details of how they became the perfect targets for the internet mob to “fight to defend themselves” Just search for the investor, Keith Gill, for more details – it was evident that there was a need for the most up-to-date information on AMC in addition to GME.
This is where the Stonk o Tracker (the initial word is an slang term used to describe stocks, which was first discovered in the Wall Street Bets Subreddit) is a good idea to keep traders up to date.
How do you read the Stonk O-Tracker?
For the average investor with a trading account with a minimum of $1500, and isn’t able to keep up-to-date with each trend or statistic It can be difficult to comprehend what the website is actually keeping track of.
Before we dive into details before we get into the details. It is important to note that there’s been plenty of controversy over whether the Stonk O-Tracker is accurate at all times or not. If the stats are accurate, traders must look for more than a simple knowledge of the data before making big investments.
If you’ve been to the site, it may be difficult to know what to do next. Let’s take a look at the tables that are essential and describe the data they track.
