CPDAggie10 said:

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FJ43 said:

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$MBIO at $4.44 AH. Not bad....

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I approve of this. You going to look at selling any CCs again?

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TikTok and Discord Are the New Wall Street Trading Desks; Pandemic has led to surge of day trading, helping push stocks like NIO and Tesla to records amid online buzz

By Caitlin McCabe, Gunjan Banerji and Mischa Frankl-Duval

A new army of social media-enabled day traders is helping push stocks to records and turning companies into market sensations.

As trading by individual investors boomed during the coronavirus pandemic, so has the popularity of online communities where they gather. Platforms including TikTok, Twitter , YouTube , Reddit, Instagram , Facebook and messaging platform Discord have become the new Wall Street trading desks. Individual investors gather to talk about hot stocks like Tesla Inc ., boast of gains and commiserate about losses.

These investors do more than just talk, though. They piggyback on each others' ideas and trades, helping fuel the momentum that has propelled some companies to triple-digit or bigger gains in 2020.

"People fall in love with [some stocks] and they get in these echo chambers, where they are all shouting, like, 'We're going to buy Tesla forever!'" said Blake Bassett, a 31-year-old delivery driver who began trading several years ago. "People post all day like it's a football game."

And while online discussions among investors aren't necessarily newin the late 1990s internet chat rooms dedicated to stocks helped sustain the tech-stock bubblesocial media is more widespread than ever before. That, meanwhile, has coincided with an industrywide move to commission-free trading , while most brokerages have made it easier to dabble in risky instruments like options.

Shares of Chinese electric-vehicle maker NIO Inc . are an example. The stock has received some of the most enduring interest from individual investors, joining the ranks of dozens of others , including fuel-cell company Plug Power Inc . and Tesla.

Though hardly a household name, NIO is among the most searched stocks on Google . Video snippets under the tag #nio have accumulated more than 35 million views on the social-media platform TikTok, with many young investors encouraging others to buy shares of the company or questioning if it is the next Tesla. And the buzz is alive on Twitter , where it was mentioned nearly 6,800 times on a single day in November, up from about 100 mentions a day at the start of 2020.

The excitement online has coincided with a rush of trading activity. NIO has been the second-most actively traded stock in the U.S. market over the past year, with about 111 million shares changing hands on average each day, according to Dow Jones Market Data as of Thursday. That only trailed trading in Apple Inc ., which has a market valuation more than 20 times that of NIO.

NIO Generates Buzz

* NIO, the Chinese Electric-Vehicle Startup, Unveils New ET7 Sedan (Jan. 9, 2021)

* How NIO, a Chinese EV Startup, Rose, Fell and Rose Again (Nov. 30, 2020)

* Tesla-Style Rally Puts Chinese Electric-Vehicle Makers on Par With GM, Ford (Dec. 17, 2020)

NIO has been a more popular trade than even the SPDR S&P 500 Exchange-Traded Fund Trust, one of the biggest ETFs tracking the broad stock-market index. Options volume tied to NIO has surged, with more than one-tenth of all activity recently stemming from individual investors, according to Trade Alert data.

Fetching under $4 at the beginning of 2020, NIO's U.S.-traded American depositary receipts closed at $62.70 Monday, a record. Its market value of about $98 billion is well above that of General Motors Co .

The chatter has persisted into the new year. NIO was the second-most-traded stock Monday on the retail-trading platform operated by Fidelity Investments Inc ., trailing only Tesla. And the trend was mirrored on Webull Financial LLC's platform last week. Part of the excitement stemmed from the unexpected Democratic Senate wins in Georgia, which some investors believe will give President-elect Joe Biden a greater shot at achieving his clean-energy initiatives.

The company's annual "NIO Day" on Saturday, during which the electric-vehicle maker unveiled its fourth production model , had also prompted enthusiasm among individual investors leading up to the event.

The online buzz has enticed traders to pile in. Gavin Mayo, a 19-year-old student at the University of North Carolina at Chapel Hill , says he typically spends anywhere from one to five hours a day scrolling TikTok, YouTube and other platforms for ideas on what to trade while churning out video snippets to more than 60,000 of his TikTok followers.

"If there's some really good stocks out thereusually people are talking about it," said Mr. Mayo, adding that he recently sold 100 shares of NIO for about a $1,600 profit after they rallied more quickly than he expected. Now, he's staying away from shares of electric-vehicle makers because he thinks they have run up too far. He recently sold his position in Tesla, too. That stock has surged 748% in the past 12 months, a rally that has intensified over the past week, making the company worth more than Facebook Inc .

Social media is what drew Mr. Mayo to stocks in the first place at around age 13, when he says he saw millionaire penny-stock trader Timothy Sykes's account while browsing Instagram . Mr. Sykes has boasted of making a full-time job out of trading stocks and posted about the $35,000 gold Rolex watch he had bought.

Not everyone is swept up by the hype, even if they, too, are part of the social-media stock-market debate.

Mr. Bassett has become skeptical of NIO's recent share-price moves. In early December, he turned to a popular stock-trading group on Facebook : "Do people even look into stocks anymore?" he asked the group's more than 150,000 members. "NIO is outright overvalued."

Dozens of comments flooded in. One trader said he had taken his profits and run. Another member of the Facebook group suggested NIO will "take over" the electric-car industry. A third offered a much simpler explanation: Never mind technicals, the member said, "We're in a bull run until we're not."

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tailgatetimer10 said:

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Musk isn't anywhere close to surpassing Bezos. Bezos would literally have to sell all of his investments, then spend half.

The thought of that is insane.

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YNWA_AG said:

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FJ43 said:

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YNWA_AG said:

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This makes me happy. Went with the McInnis twins on the Friday calls and also picked up Feb 20c.

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