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☆ Vietnamese EV maker VinFast fails to cement meme stock status as eye-popping rally fades quickly
▼ + stars: | 2023-09-01 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Frantic trading in VinFast has raised eyebrows, but it's still far from becoming a meme stock. After a head-scratching six-day winning streak, VinFast has lost 60% this week, cutting its gains since its market debut to about 170%. No meme stock VinFast's short-lived rally is reminiscent of the trading frenzy last year in AMTD Digital, a little-known Hong Kong-based fintech company, where the stock was up more than 20,000% in just two weeks. The stock is now trading at $5.60 apiece, nearly 30% lower than its initial public offering price of $7.80. The SPAC market dried up over the past year as interest rates surged and regulatory pressure ramped up.

Persons: VinFast, Marco Iachini, I'm, Iachini, Alex Harring Organizations: Ford, GM, Vanda Research, AMTD, GameStop, Nasdaq, Black Locations: VinFast, Hong Kong

☆ A stock trader who's returned 2,700% since late-2020 by betting on risky small-caps shares 7 criteria he uses to pick stocks— and explains how he used trading to survive after fleeing Venezuela
▼ + stars: | 2023-04-01 | by ( Laila Maidan | ) www.businessinsider.com time to read: +13 min

Eduardo Briceno began trading stocks after leaving Venezuela to migrate to the US. When he arrived in the US, he had no means of earning an income, so he resorted to trading stocks. It wasn't until he made a mindset shift that he was able to make a career out of stock trading. That means trading small-cap, momentum stocks because they have fewer fundamentals that could impact price action. If it had tons of volume during its last peak price, it means there are many bag holders, he noted.

☆ A 24-year-old stock trader who made over $8 million in 2 years shares the 4 indicators he uses as his guides to buy and sell
▼ + stars: | 2023-03-12 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

Jack Kellogg began trading stocks right out of high school in 2017. I'm just using basic trend lines, support, resistance, volume, and those are all my indicators," Kellogg said. By the time the stock market began to rally hard in 2020, he was ready to ride the upwards wave. He uses it on the daily chart as a guide to determine a good buy-in price for the stock he's trading. This gives him a better sense that the stock's price action will trend according to his thesis.

☆ U.S. IPO price pops prompt fraud and 'pig butchering' warnings
▼ + stars: | 2022-11-17 | by ( John Mccrank | ) www.reuters.com time to read: +2 min

Some investors harmed by the pump-and-dump schemes appear to be victims of an evolving social media scam called "pig butchering," Finra said. Finra said most of the price spikes it observed involved IPOs of small-cap issuers with operations outside the United States. The IPOs typically raised less than $25 million, valued the firms at under $100 million and issued fewer than 20 million shares. The NYSE and Nasdaq said they were probing the underwriters of the IPOs to ensure they did proper due diligence on registration statements. Reporting by John McCrank; Additional reporting by Lance Tupper; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

☆ A 26-year-old stock trader made over $2.5 million in 2 years. Here's how he sets up a winning trade, and the strategy he uses.
▼ + stars: | 2022-11-12 | by ( Laila Maidan | ) www.businessinsider.com time to read: +10 min

Kyle Williams became interested in trading stocks after watching "The Big Short". The film piqued his interest and he began researching the stock market. Before Williams began researching the stock market, the only exposure he had to the stock market was through a mutual fund called the American Century Equity Growth Fund Investor Class (BEQGX), which his parents helped him set up when he was 11 years old, he said. As he became more familiar with the stock market, he researched the mutual fund he had been investing in and realized it wasn't even beating the S&P 500 after fees. Williams also decided to switch his major from engineering to finance because it was more aligned with the stock market.

☆ Nasdaq Freezes Chinese Small-Cap IPOs After Price Spikes
▼ + stars: | 2022-10-22 | by ( Michelle Chan | ) www.wsj.com time to read: 1 min

The Nasdaq Stock Market’s pause on new listings of small-cap Chinese companies adds more bad news for those companies still hoping to raise money and go public in the U.S. The Nasdaq Stock Market has quietly halted listings of small-cap Chinese companies, holding up approval letters and demanding more information about related parties in deals, after a series of meteoric run-ups—and dramatic collapses—in IPOs this year. Shares of more than 20 recently listed companies have risen over 100% on their first day of trading. They include Hong Kong-based fintech company AMTD Digital which briefly jumped over 320-fold after its July listing, and Chinese garment maker Addentax Group which rose more than 130-fold on its market debut in August. The two stocks have since lost more than 98% of their value.

☆ Markets are losing retail traders, that's bad for stock prices
▼ + stars: | 2022-10-21 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Daily average trades at companies like TD Ameritrade (AMTD) and Charles Schwab (SCHW) spiked to new highs in March 2020 and again in January 2021 and February 2021. The number of daily retail trades at Morgan Stanley fell more than 15% over the third quarter from a year earlier, to 805,000 trades a day. In Februrary 2021, Interactive Brokers registered an average of 3.7 million daily retail trades. Recent search trends on Google also show a drop in interest in the stock market. The Investor Movement Index (IMX), created by TD Ameritrade to indicate the sentiment of retail investors, fell by 7.26% during the September period.

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