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Part of what's so unusual about the GameStop stock spike is thevocabularythat's been used to drive the trading action. Elon Musk, founder of Tesla and SpaceX, helped fuel the activity with a one-word tweet on Tuesday: "Gamestonk."
What's a stonk, and what does it have to do with trading? Here's a sampling of the lingo behind the enormous highs, and what the terms mean:
Stonks: An intentional misspelling of stocks. Sometimes features Meme Man when used in a meme (see below).
Diamond hands: When a trader is prepared to hold onto their stocks or securities for a long time.
Rockets: When someone wants a stock price to skyrocket.
Hold the line: Holding on to a stock, even if it goes down in value.
"We like the stock": A meme used for a currently trending stock.
https://twitter.com/elonmusk/status/1354174279894642703