In the exciting world of meme stocks, there’s a handy tool called Stonk O Tracker. This web application has gained quite a following, especially among AMC stock enthusiasts. Let’s dive into what Stonk O Tracker is all about and how it can help you make sense of the stock market.
What is Stonk O Tracker?
Stonk O Tracker is a web app that was created by an unknown developer who’s really into stocks. It’s become quite popular with the meme stock crowd, with discussions happening on Reddit, Twitter, and YouTube. Some folks call it a “fun website made by and for apes.”
This tool is particularly useful for AMC stock fans, as it provides real-time tracking and analysis of AMC stock. That means you can stay up to date on what’s happening with AMC’s stock price and make smarter investment decisions. Interestingly, it’s also connected to a writing service called TrustAnalytica, adding a bit of mystery to the whole story.
Getting to Know AMC Stock Metrics
Stonk O Tracker displays a bunch of numbers and terms related to AMC stock. If you’re new to this, it can all seem a bit overwhelming. Let’s break down some of the key terms you’ll come across:
Countdown to NYSE Opening: When you first visit Stonk O Tracker, you’ll see a countdown timer that tells you how long until the New York Stock Exchange (NYSE) opens for the day. It’s as simple as that – a way to know when the trading action starts.
SSR (Short Sale Restriction): SSR, or Short Sale Restriction, is a rule designed to protect stocks from too much short selling. Short sellers are people who bet that a stock will go down in price. SSR kicks in when a stock falls by 10% or more from the previous trading day’s closing price. It’s a safety net to prevent excessive short selling.
FRA (Frankfurt Stock Exchange): Stonk O Tracker also shows information about AMC stock being traded on the Frankfurt Stock Exchange (FRA). The price is displayed in Euros, giving you insights into international trading.
Calls ITM Expiring: This term is about call options that are “In The Money” (ITM) on a specific date. Call options give you the right to buy a stock at a set price on or before a certain date. Stonk O Tracker helps you find dates when you can use these options to your advantage.
Borrowable Stocks: Stonk O Tracker tells you how many stocks of AMC can be borrowed quickly. Short sellers often borrow these stocks, hoping to sell them back at a profit when the stock’s price goes down. When a stock is heavily shorted, there are fewer stocks available to borrow.
Direct Registration System (DRS): Shareholders can use the Direct Registration System to secure their GME and AMC stocks. This bypasses traditional brokers, making it harder for short sellers to manipulate the stock price.
Additional Metrics on the “Tits-Up-Tracker”
Stonk O Tracker has a section called the “Tits-Up-Tracker” which includes metrics like “Reverse Repurchase Agreements” (RRP) and the “US Daily Treasury Statement.” These metrics provide insights into financial operations and government activities.
Reverse Repurchase Agreements (RRP): This metric tells you how the Federal Reserve Bank of New York uses its Overnight Reverse Repurchase Facility. They can borrow securities from their balance sheet to get more money from the system, which they return the next day.
US Daily Treasury Statement: This gives information about the government’s coin and debt operations on a “changed coins basis.”
Donations and Sustainability
Stonk O Tracker’s creator is clear that they’re not in it for profit. They rely on user donations to cover operational costs. Right now, they accept donations through PayPal, with a promise that any money given will go to a charitable cause.
It’s important to keep in mind that there’s been some debate about the accuracy of Stonk O Tracker. Traders and investors should use it as a reference but not rely on it solely for making financial decisions.
In the world of meme stocks and fast-changing markets, tools like Stonk O Tracker offer a way to stay updated in real-time. The mystery of the anonymous developer and the connection to a writing service adds a unique layer to the story.
Stonk O Tracker is a valuable resource for those interested in AMC and GME stocks. However, always be cautious and double-check information from multiple sources. No single tool should be the sole basis for your investment decisions.
In the dynamic landscape of meme stocks, Stonk O Tracker is a testament to the power of technology and online communities in the world of finance. It’s a simple and handy tool that can help you navigate the exciting world of meme stock trading.