E Stock Squeeze Remnants

Today's blog is being produced under exceptional difficulties. First of all, we are suffering from a wildly blowing snow blizzard and freezing weather, blamed on global warming in the Arctic and in Iceland pushing the cold southward on the US east coast, so my office toilet is not working and my telephone landline is intermittent. Secondly, the remnants of the Redditt stock squeeze today has created so much traffic on my brokerage service that I cannot get prices past the Wall Street opening from the TD Ameritrade sub of Charles SchwabToday's moves feature silver and silver miners, but unlike the situation with individual stocks, there is plenty of long and dry powder here because brokerages do not often short precious metals. It will not be as easy as last week's gangbuster.

My birthday mate Aung Sun Syu Kyi was arrested by the military in Myanmar, on TV. She put up with all their awfulness over Rohingyas and dissidents but it did not help.

Maid Marion reports that Robin Hood, a supposedly free brokerage, raised another $2.4 bn from its backers. It makes money by pushing trades to specific intermediaries who won't let it lead short squeezes.

Business newspaper article

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Volume leaders

*Nokia remains in focus, the only major ADR gaining from the gamestoppers that I am sure is under pressure, because it is the only stock TD Ameritrade still subjects to trading limits. NOK rose 2.7% today in London pre-trading and is up 5.81% now.

*Another non-US stock being bought heavily is British GSMFerroglobe, which analysts hate after it announced a preliminary move to recapitalize with new share issues and note holder deals providing an additional $100 mn. The talks by the metals firm with the Ad Hoc Group of Noteholders began last Oct. and is led by its largest shareholder, a Spanish family holding company, Grupo Vilar Mir SA.

*GameStop GME fell about 20% in the premarket.

*Mercado Libre of Argentina is up 6.25% today, our 2ndbiggest winner. MELI gets very mixed forecasts. Another personal holding of mine is nearly as big a winner.

*My most recent stock pick, Canadian media group BCE, a telco with powerful internet and TV rose by 98 US cents (o.33%) to US$42.54. My average basis is $12.15 so I am up over 250%. If I can trust Barron's, it will not report on its latest quarter this week.


*TEVA rose 2.5% today at the opening, catching up with Israel from Sunday. It was back over $12, but now is at $11.98.

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