Yuav Ua Li Cas Ib Tus Thawj Saib Xyuas Nyiaj Txiag Yuav Tsum Siv Cov Khw Muag Khoom Ua Lag Luam Frenzy Kom Tau Txais Nyiaj

Cov neeg lag luam muag khoom muag tau dhau los ua lub zog los suav nrog ob peb xyoos dhau los, tab sis dab tsi yog qhov nce ntxiv hauv cov khw muag khoom txhais tau li cas rau cov peev nyiaj thiab lwm cov tuam txhab lag luam? Moez Kassam ntawm Anson Funds tau taug qab cov khw muag khoom lag luam lag luam thiab lawv cov kev cuam tshuam rau kev lag luam dav.

Hauv kev xam phaj tsis ntev los no thiab nws cov ntawv peb lub hlis twg hauv ob xyoos dhau los, nws tau piav qhia tias nws muab qhov nws hu ua "Robinhood tub rog" los ua haujlwm rau Anson. Nws txoj kev ya nyob rau hauv lub ntsej muag ntawm lub hom phiaj ntawm ntau lub khw muag khoom ua lag luam, uas yog ua kom cov nyiaj pab them nqi kho mob luv luv.

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Ceev faj meme stocks

Txawm hais tias Kassam tau taug qab qhov tshwm sim ntawm cov khw muag khoom hauv khw muag khoom txij li tsawg kawg thaum pib xyoo 2020, nws tau nkag mus rau qhov pom tseeb thaum cov khw muag khoom tau thawb GameStop qhov kev ntsuas rau qhov muag-popping qib hauv ib hnub.

"Lub Ib Hlis Ntuj ntawm [2021], David piv rau Goliath zaj dab neeg tau tshwm sim hauv kev lag luam hauv kev ua yeeb yam zoo li cov neeg muag khoom muag tau sib sau ua ke ntawm cov peev nyiaj loj xws li Melvin Capital," nws tau sau rau hauv nws tsab ntawv thawj peb lub hlis twg rau 2021. Qhov tshwm sim luv luv ua rau 'Blockbuster rau kev ua si video' foob pob hauv tus nqi 26x hauv tsawg dua ib lub lis piam! "

Hauv nws tsab ntawv Q2 2021, Kassam tau sau tias meme cov khoom lag luam tau mus" 'rau lub hli,' txhawb nqa los ntawm kev sib koom tes online hauv Reddit cov rooj sib tham xws li Wall Street Bets. Nws kuj tau hu ua kev saib xyuas rau AMC Kev Lom Zem, uas nyiam qhov huab cua nce siab txog 600% nyob rau nruab nrab ntawm lub quarter thib ob ntawm 2021.

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Nws tau sau tias "Nco qab tias AMC yog lub tuam txhab muaj kev ntxhov siab heev uas tso cai rau cov neeg siv khoom saib cov yeeb yaj kiab hauv cov yeeb yaj kiab, cov neeg siv khoom poob qis xws li yuav cov ntawv xov xwm lub cev," nws sau. "AMC kuj tau raug ntaus ntau dua li feem ntau los ntawm COVID-19 kis thoob qhov txhia chaw. Txawm li cas los xij txawm tias nws txoj haujlwm tsis txaus siab heev, cov khoom lag luam tau nce los ntawm qhov qis ntawm $ 12 ib feem ntawm lub Tsib Hlis [2021] mus rau qhov siab ntawm $ 73 ib feem nyob rau lub Rau Hli thaum ntxov, raws li Robinhood Army tau txais cov khoom lag luam hauv kev sib koom ua ke. "

Yuav ua li cas cov khw muag khoom lag luam coj lub khw muag khoom los ntawm kev quab yuam

Hauv kev xam phaj, Kassam piav qhia yuav ua li cas cov khw muag khoom muag tau dhau los ua lub zog tseem ceeb hauv kev ua lag luam.

"Cov neeg lag luam muag khoom lag luam tau dhau los ua lub zog tiag tiag uas yuav tsum suav nrog," nws hais. "Peb nyob hauv ib puag ncig uas cov paj laum yog xoom lossis ze rau xoom, thiab ntau tus neeg lag luam muag khoom tau tso tseg cov nyiaj tau los tas li. Lawv tag nrho cov ntaub ntawv muaj xws li cov khoom lag luam, thiab tam sim no qee cov cuab tam muaj kev pheej hmoo siab ntxiv xws li crypto. Thiab peb tau muaj kev lag luam bull, ntau dua los yog tsawg dua, txij li lub Peb Hlis 2009, thiab yog li koj tau pom qhov nrawm ntawm kev pheej hmoo ntawm tus cwj pwm. Cov khw muag khoom tau txais kev xav ntau tshaj plaws ntawm kev lag luam kev ncaj ncees thiab lawv tau ntxiv zog rau hauv kev sib xyaw. Nws yog qhov dynamic heev. "

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Nws hais ntxiv tias tib neeg tau siv Kev Sib Tham Sib Tham lossis TD Ameritrade. Txawm li cas los xij, tam sim no ntau tus tau siv cov platforms zoo li Robinhood, uas tau ua lag luam yooj yim dua thiab sai dua li yav dhau los nrog nws lub smartphone app.

"Tsis zoo li cov kev lag luam online uas twb muaj lawm, Robinhood muaj ib qho yooj yim-rau-siv smartphone daim ntawv thov thiab lub vev xaib npaj rau cov tub ntxhais hluas tiam tshiab (Millennials thiab Gen Z)," Kassam tau sau rau hauv nws tsab ntawv thib ob ntawm xyoo 2020. "Lub platform yog qhov yooj yim. siv raws li kev ua yeeb yaj kiab video thiab tso cai rau cov neeg siv nqis peev hauv cov khoom lag luam nrog xoom kev ua lag luam, yuav cov feem ntawm cov khoom lag luam, thiab pib ua lag luam nrog tsawg li US $ 100."

Nws tau sau tseg hauv lwm tsab ntawv tias Robinhood cov neeg siv hauv paus tau nce ntau lab tus neeg siv hauv ib lub hlis twg. Hauv nws tsab ntawv Q1 2021, Kassam tau hais tias "cov tub rog Robinhood" tau "tso los ntawm cov nyiaj tau los ntawm cov khoom siv pov tseg ntau dhau nrog rau kev ntxhov siab vim yog COVID kev kaw," tsav "cov nqi Tshuag thiab cov nqi me me rau qhov siab kiv taub hau." 

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"Cov tub lag luam Robinhood tshwm sim los nthuav tawm ob qho Kev Ntshai Tawm Tawm (FOMO) thiab kev xav txog kev xav," nws hais ntxiv hauv nws tsab ntawv Q2 2020. "Qhov xwm txheej no ua rau muaj neeg coob coob ntawm Robinhood cov tub lag luam, feem ntau nyob rau hauv kev sib cuag nrog ib leeg los ntawm kev sib raug zoo xov xwm platforms, tag nrho cov piling rau hauv tib lub vaj huam sib luag nyob rau hauv ib txoj kev uas muaj feem cuam tshuam rau tus nqi thiab ntim."

Yuav ua li cas khw muag khoom sentiment tsav cov nqi Tshuag

Cov neeg uas nquag mus rau Wall Street Bets lub rooj sab laj ntawm Reddit tau los ua qhov chaw ntawm kev mloog hauv 2021 vim lawv txoj kev koom tes hauv kev yuav cov khoom luv luv. Lawv sib sib zog nqus sib sib zog nqus, hais kom ib leeg mus yuav tej yam stocks uas tau luv luv los ntawm hedge funds.

Cov khw muag khoom lag luam kuj tau siv social media los npaj lawv cov kev siv zog thiab nrhiav cov khoom lag luam nrog ntau qhov kev xav zoo. Nws ua rau muaj lub sijhawm tseem ceeb rau cov thawj tswj hwm nyiaj txiag xws li Kassam, uas paub siv cov khw muag khoom kom zoo dua. Txawm li cas los xij, lwm cov nyiaj tiv thaiv uas tsis suav nrog qhov cuam tshuam ntawm cov neeg lag luam muag khoom tuaj yeem pom lawv tus kheej ntsib qhov poob loj.

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Kassam ntsuas qhov kev xav ntawm cov khw muag khoom nws pom hauv kev tshaj xov xwm thiab tshuaj xyuas nws los txiav txim siab nws qhov kev txav mus tom ntej, feem ntau yog tos-thiab-saib mus kom ze. Nws kuj tseem siv cov ntsiab lus tseem ceeb hauv nws qhov kev tshuaj xyuas thaum nws nrhiav cov cim qhia tias kev xav ntawm ib qho khoom lag luam tab tom yuav hloov.

Nws nrhiav kev sib txawv ntawm cov platforms xws li Twitter thiab cov cim qhia tias cov neeg ua lag luam cov lus tau hloov pauv ntawm qhov zoo mus rau qhov tsis zoo lossis rov ua dua.

Kassam tau hais hauv kev xam phaj tias "Lub sijhawm ntawd yog lub sijhawm zoo kom nkag mus rau sab luv lossis sab nraud, yog tias saib ntev," Kassam tau hais hauv kev xam phaj. "Peb tau txais peb lub tswv yim tsis yog tsuas yog saib cov ntsiab lus tab sis kuj muaj kev xav ntawm Stocktwits, Twitter thiab lwm lub platform. Cov txiv neej no qhia koj tias lawv xav li cas, lawv sib koom ua ke, thiab lawv muaj nplai. Koj yuav tsum tau saib xyuas. "

Kassam cov tswv yim ua haujlwm li cas

Piv txwv li, Anson Funds ua tau zoo thaum lub sij hawm Q2 2020 vim nws luv luv ntawm cov tuam txhab uas nws cov nqi tau tsav siab dua thiab siab dua los ntawm cov khw muag khoom lag luam.

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"Cov neeg txhawb nqa loj tshaj plaws hauv lub tswv yim no yog los ntawm cov tuam txhab luv luv uas nws cov nqi khoom lag luam tau twv los ntawm cov khw muag khoom lag luam mus rau qib tsis tseem ceeb tom qab cov tuam txhab no tau tshaj tawm tias kev lag luam poob lawm (lossis ze tshaj tshaj tawm)," Kassam tau sau rau hauv nws tsab ntawv peb lub hlis twg. "Cov no suav nrog Hertz (HTZ), Whiting Petroleum (WLL), Chesapeake Zog (CHK), thiab Latam Airlines (LTM)."

Hauv nws tsab ntawv thib plaub rau xyoo 2020, Kassam tau hais tias Anson tau tsim "qhov muaj txiaj ntsig zoo rov qab los" rau lub xyoo, "ua tsaug rau qib ntawm cov khw muag khoom xav tias tsis pom nyob rau ntau xyoo."

"Thaum lub hype muab lub sijhawm dav dav, nws tseem ua rau muaj kev sib tw rau lub tswv yim nrog ntev tails ntawm cov neeg ua lag luam zoo siab thiab cov khoom lag luam nce ntxiv," nws hais ntxiv. “… Liquidity tseem muaj ntau thiab khw muag khoom speculation tseem unabated. Peb lub hom phiaj yuav ua kom muaj zog ntau dua thiab rov ua haujlwm kom txog thaum kev lag luam hloov pauv. Lub hom phiaj ntawm lub tswv yim no tsis yog 'hu rau sab saum toj,' tab sis ua lag luam ebbs thiab ntws hauv kev xav hauv khw muag khoom. "

Lwm lub tswv yim Anson siv los nqis peev ntawm cov kev xav hauv khw muag khoom suav nrog SPACs thiab lawv daim ntawv tso cai.

"Peb feem ntau yuav SPACs ntawm lossis ze ntawm lawv $ 10 / qhia tawm tus nqi thiab tom qab ntawd nqis peev ntawm cov khw muag khoom txaus siab vim tias kev lag luam raug xaiv lossis tshaj tawm hauv kev lag luam hyped (tshwj xeeb yog ESG npe)," Kassam piav qhia. "Txhua lub sijhawm muaj $ 10 / faib tus nqi txhiv tau ruaj ntseg hauv US Treasuries uas tseem ceeb txwv peb qhov kev pheej hmoo poob qis (ib yam ntawm txhua SPAC).

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Ib qho ntxiv cov ntaub ntawv point

Kassam lub tswv yim kuj tso siab rau saib cov xov tooj ntawm cov ntawv tshaj tawm ntawm txhua lub Tshuag thiab tshuaj xyuas cov ntaub ntawv luam tawm.

"Feem ntau cov neeg saib [kev lag luam] ntim raws li qhov ntsuas, tab sis peb saib qhov feem pua ​​​​ntawm cov ntim khoom muag," Kassam piav qhia. "Prime brokers tab tom saib qhov nruab nrab daim pib lag luam thiab kev lag luam loj, tab sis peb tau txais lub tswv yim zoo dua ntawm leej twg yuav thiab muag ib qho khoom lag luam los ntawm kev saib daim pib duas nruab nrab."

Nws sim txiav txim siab seb muaj pes tsawg tus social media tshaj tawm tsuas yog suab nrov thiab lees tias qee zaum tuaj yeem muaj qhov tsis zoo nyob ib puag ncig kev lag luam tsaus ntuj. Txawm li cas los xij, Kassam tau pom ib txoj hauv kev los txheeb xyuas tias vim li cas ntau tus neeg lag luam muag khoom hauv Tshuag, tshwj xeeb tshaj yog tam sim no thaum tib neeg pib tswj hwm nyiaj ntau dua ntawm lawv tus kheej, xws li los ntawm lawv tus kheej cov nyiaj brokerage lossis 401k.

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Kassam tau hais tias "Lub zej zog no hluas dua thiab muaj kev sib txuas ntxiv," Kassam tau taw qhia. "Lawv mus online los qhia koj tias lawv xav li cas, thiab lawv yuav ua li cas. Koj xav tau cov txheej txheem sophisticated los txhais cov ntaub ntawv no rau hauv kev xav txog kev coj ntawm tus nqi Tshuag, thiab qhov ntawd yog qhov peb ua. "

Qhov kawg ceeb toom rau cov neeg lag luam muag khoom

Kassam ua rau loj loj rov qab los ntawm cov tuam txhab luv luv. Nws tau hais hauv kev xam phaj tias nws tsis txaus rau cov tuam txhab luv luv uas muaj nqi tshaj. Hloov chaw, nws tsom mus rau cov tuam txhab uas nws pom koom nrog cov haujlwm tsis txaus ntseeg thiab kev coj tus cwj pwm los ntawm cov neeg sab hauv.

Cov neeg lag luam muag cov tswv yim zoo li tsom mus rau kev yuav thiab twv cov khoom lag luam luv luv yam tsis muaj kev cuam tshuam rau lwm yam tshaj li qhov tseeb tias ntau cov nyiaj tiv thaiv tau luv luv. Raws li qhov tshwm sim, cov khw muag khoom lag luam frenzy tau muab qee cov tuam txhab uas muaj peev xwm dag ntxias kom txhawb nqa.

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"Qhov kev lag luam tsis txaus ntseeg no tau ua rau muaj ntau yam kev dag ntxias, cov tuam txhab txhawb nqa siab, thiab cov lag luam tsis zoo nrog cov dab neeg hauv kev lag luam kom nce nyiaj ntau ntawm kev ncaj ncees," Kassam tau sau rau hauv nws tsab ntawv Q2 2020. "Nyob rau hauv ntau qhov xwm txheej, cov tub lag luam muag muag tau nrawm nrawm rau cov khoom lag luam tawm tshiab thiab txuas ntxiv mus twv cov nqi khoom lag luam nce siab."

Txawm hais tias Anson Funds tau ua lub npe rau nws tus kheej ua tus muag khoom luv luv, cov neeg lag luam muag khoom tsis tau coj nws mus deb ntawm kev lag luam ob sab ntev thiab luv. Kassam cov tswv yim rau kev siv cov khw muag khoom lag luam cov cuab yeej tawm tsam lawv tau ua rau Anson tau txais txiaj ntsig los ntawm cov dej num uas yuav tsum tau tshem tawm ntawm cov nyiaj tiv thaiv.