First American News LLC, Raleigh, NC: The group was once the engine that powered rookie traders, but now veteran members say only tired-out ideas remain. Those who once scoured the online message forum for brazen and unexpected trading ideas say they are mostly finding members still chatting about stocks such as GameStop Corp. and AMC Entertainment Holdings Inc. Constructive feedback on trades, some users complain, has largely been replaced by cheerleading. Read more at The Wall Street Journal.
MB Daily News: watching power users like Keith Gill, or “DeepF—ingValue,” post bold bets on GameStop—say they have largely abandoned the page in favor of other trading communities.
Of course, the market has changed, too. Last year, the S&P 500 hit dozens of records, making it easy for professional and amateur investors alike to look smart. This year, stocks are off to a rocky start, in particular the sorts of tech companies and flashy firms favored by the day-trader crowd. Sign on to Wall Street Journal to Continue Reading this Article. Click here.