GameStop stock surge lingo: Here's what Reddit's WallStreetBets vocabulary means
Here are some of the slang terms that are part of a movement that's assisting in driving the price of some stocks.
Katie TeagueWriter II
Katie is a writer covering all things how-to at CNET, with a focus on Social Security and notable events. When she's not writing, she enjoys playing in golf scrambles, practicing yoga and spending time on the lake.
ExpertisePersonal Finance: Social Security and taxes
No, this doesn't mean you should necessarily drop everything and fully invest in the stock of the moment. Some are calling the market manipulation a "Ponzi scheme," and the stock price will likely even out once the hullabaloo dies down.
Watch this: What does GameStop's skyrocketing stock have to do with a subreddit?
Part of what's so unusual about the GameStop stock spike is the vocabulary that's been used to drive the trading action. Elon Musk, founder of Tesla and SpaceX, helped fuel the activity with a one-word tweet on Jan. 26: "Gamestonk."
What's a stonk, and what does it have to do with trading? Here's a sampling of the lingo behind the enormous highs, and what the terms mean:
Stonks: An intentional misspelling of stocks. Sometimes features Meme Man when used in a meme (see below).
Diamond hands: When a trader is prepared to hold onto their stocks or securities for a long time.
Rockets: When someone wants a stock price to skyrocket.
Hold the line: Holding on to a stock, even if it goes down in value.
"We like the stock": A meme used for a currently trending stock.