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NEW YORK (Reuters) – The unprecedented mark on U.S. equities this week made by the online traders of Reddit’s WallStreetBets group, or WSB, has prompted even singer Dionne Warwick to ask on Twitter here, “What are stonks and why is it a trending subject?”
For Warwick and others among the uninitiated, here is a guide to understanding some common WSB lingo.
Shorthand for chicken tenders, which WSB uses as slang for profits on a trade.
Often referenced using an emoji, “diamond hands” are how members express their belief that their position is valuable and worth holding onto for maximum profit. Conversely, a trader with “paper hands” sells out early.
TO THE MOON
A rallying cry on WSB, which members use to express their belief that a stock will rise significantly. The phrase is often accompanied by a rocket emoji.
Reporting by April Joyner; Editing by Aurora Ellis
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