3 Years Ago
2 Min Read

HKD down -19% as meme stock traders abandon ship.



(HKD) is trading -19% lower at $583 today. The stock is seeing volatile moves in share price as it rides the ebbs and flows of it's new meme stock stock status.

HKD has been trading between a 52-week high of $2555.3 and a 52-week low of $12.05. The stock has a market cap of $12.2 Billion.


Headlines


The $300 billion meme stock that makes GameStop look like child''s play
Kwhen Finance 08-03-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

betam4x - 17 upvotes - source
due to all this BBBY hype I am 100% buying puts as soon as I can tomorrow. EDIT: just remember how those HKD bag holders landed. Be smart. BBBY is under a microscope and anyone with access to high speed trading won’t be left bag holding. If you read about it on reddit, it is too late.

Da_Millionaire - 16 upvotes - source
I tried it for stuff I would never do. Like short the shit out of HKD and DWAC. Made a few fake millions but I’m scared of shorting since losses can go to infinity. This is where paper trading comes in

CallmeWooki - 15 upvotes - source
After HKD a new generation of BBBY cultlike bagholders will be born today. ![img](emote|t5_2th52|4271)

anonkraken - 13 upvotes - source
Okay how is a stock that has always traded in the $15-$30, incredibly over short on a bankruptcy thesis, now not going bankrupt and with a brand that is estimated to be worth more than 3x its current market cap a “pump and dump?” This is not fucking DWAC, WISH or HKD. This is a company that is severely undervalued. It’s a DeepFuckingValue play. You didn’t miss the rocket because the rocket is well above its current price. When we’re trading in the $20s again, then I’d be warning people to be careful. $8? That’s a fucking joke.

UltimateTraders - 9 upvotes - source
The guy that was in $hkd last week?

WillNeighbor - 9 upvotes - source
imagine if brokers pulled the plug again with bbby like GME, after they didn’t for that HKD bullshit …

kk7766 - 7 upvotes - source
WSB doesn't know the difference between "short squeeze" and "pump n dump." Jan 2021 GME and AMC was the biggest pump n dump in the last 10 years but still a pump n dump. Everything since then has been a pump n dump. HKD could have been an actual short squeeze depending if brokers had to cover the shares or not but that was most likely just a Chinese scam since volume was so low

Bluereduta - 6 upvotes - source
This looks like HKD at the top....sorry for your loss bruh.

NXT-GEN-111 - 5 upvotes - source
The people pumping are just trying to make some money back from HKD losses 😂

Fit_Reindeer_7849 - 5 upvotes - source
Ohh $hkd Already Fallen off a cliff