Boiler Room: The Official Stock Market Discussion

GoldenGlove

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Thread kinda slow today, what are the deets follow investors?
:mjgrin:
 

dora_da_destroyer

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Will the energy be the same by the many IPOE holders in this thread as it was for GME? Is IPOE potentially a meme stock now?
nothing is going to happen to take IPOE from a 18-20 stock up to 300. SoFi is a company with solid fundamentals that will grow over time...there's no correlation and I highly doubt WSB is gearing up for an IPOE run. mentioning reddit/WSB stocks is the current click bait/more views move
 

blotter

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:dahell: going on with Volkwagen?
saw this a min ago on reddit
Anyone looking at what's happening with Volkswagen? CEO gave a Elon Musk Style presentation on Monday at their "Power Day", the more liquid preference share VOW3 went up but the thinly traded ordinary shares VOW went through the roof and decoupled from the preference shares (they normally trade very close to each other).

The ordinary has 10% short interest according to IHS markit vs less than 8% float... 53% porsche, 20% state of lower saxony, 17% Qatar and read on bbg that the Porsche family controls another 2.3% via a trust in Austria...

The run up on the ordinary seems to have been caused by the fact that US retails are buying the american ADR VWAGY which is somehow based on the ordinary not on the pref. (yesterday volumes on the ADR were 11.3x the 3M average vs only 2.6x for the pref)

looks like the shorts on the ordinary are getting squeezed, anyone else following the situation? here article from Bloomberg

Difficult to say whether the squeeze has happened already and the spread will normalize or if it will keep growing as retail keep buying the ADR...
 
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