Daily Mail Finance article today28 Feb 2021 17:15
Just read this and wondered about other investors opinions. Typed verbatim as per article.
'Fund managers like to brag about their FAANGs - shorter top-performing tech stocks Facebook, Apple,Amazon, Netflix and Google.
Now traders are using two new acronyms to reflect the very latest investing trend :STABs and BRATs.
STABs encompass 'special purpose acquisition vehicles' (cash shells for doing deals), Tesla, cinema chain AMC Networks, and Bitcoin.
BRATs is Bitcoin run by US asset managers Russell Investments and Ark Investments, and Tesla.
Sadly for the throngs of amateur investors who've piled into these faddy investments, last week's, last weeks market sell-off may well have felt like a rather sharp STAB.'
That's the brief article. Just wondering what people conversing on here make of that?