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By Dawn Ridler
Dawn Ridler
Like most people who are watching markets, I have been watching the GameStop/Robinhood saga unfold with interest. My reaction started with Schadenfreude (delight in someone else’s misfortune) – especially as the Hedge Funds with their avaricious billionaire owners were getting shafted, but as this unfolds I am increasingly concerned about potential long-term fallout. Is this just a temporary flutter, or could it bring down this long running, frothy bull market, despite the billions central banks are pouring into the markets to stop just that from happening?
There are a couple of things you need to understand so that you can wrap your head around this issue.
February 2, 2021
More than 2,000 small businesses are still affected by Tyro’s payment terminal outage, which has now entered its fifth week.
There were 1,490 merchants missing one fully operational terminal, 486 merchants without an operational terminal and 643 merchants with terminal types no longer manufactured, as of Tyro’s latest ASX update.
The service outage, which caused card payment terminals to be locked, began on January 5.
Tyro since launched a program to collect the locked terminals either by couriers or post, so they could be repaired and then returned to small businesses.
As the outage enters its second month, small businesses without working terminals continue to voice their frustration on social media.
My Spotlight Is On These Five Stocks
Jan 28 2021
My spotlight is on these 5 stocks
Last Saturday I shone the spotlight on the five big winners and losers of the past week of trading. Today I thought I’d see what the expert analysts think about these winning companies. After big rises for the likes of Zip and Lynas, you could expect a bit of profit-taking this week (fund managers do that) but let’s see if there could be a positive trend for these stocks going forward.
1. Zip Co ((ZIP))
Until last week, the analysts surveyed on FNArena thought Zip Co’s outlook was positive. Two weeks ago with my first story of the year, I pointed out that Zip had a [consensus price target suggesting] 21.2% upside so the analysts I looked at were on the money, and more!
The Big Short is a movie about short selling and short-sellers in the US are being crushed by new age investors in the Reddit online empire striking back.