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You're not alone! I've been tracking /r/wallstreetbets for my new project https://topstonks.com https://topstonks.com and no one there seems to understand it.
by cdiamand 7y ago
You're not alone! I've been tracking /r/wallstreetbets for my new project https://topstonks.com https://topstonks.com and no one there seems to understand it. A lot of great theories though.
Out of the 6434 stock mentions in the last 24 hours ~10% of that is about TSLA and that's up 45% since yesterday.
Heres a bubble graph of the most mentioned equities over the last 7 days (as of yesterday) on /r/wallstreetbets. ignore F and C, still working on the filter :)
https://preview.redd.it/22mrpbh3g5c41.png?width=985&format=png&auto=webp&s=6b9d8144736149ab74755346a28f47bb7cae8bc9 https://preview.redd.it/22mrpbh3g5c41.png?width=985&format=p...
Ps - we're doing our Show HN right now, feel free to come by and say hi :)
https://news.ycombinator.com/item?id=22109610 https://news.ycombinator.com/item?id=22109610
- ethbro 7y agoI figured it was another short squeeze. Probably coupled with automated trading. Observed short interest over total outstanding seems like the kind of thing an algorithm could target, as it makes the stock more sensitive to moves, no?
- cdiamand 7y agoI'm sure algos key off metrics like the amount shorted as a percentage of float. I can't know their algo but I'd imagine they like to see the specs jumping in before they start buying. Tesla is a battle of narratives and WSB are the specs looking to start or jump on a stock meme. ~10% of the chatter around TSLA in last 24 hours has the word "short" in it :)