Not all me_老虎社区_美港股上老虎

2021-06-04

Not all meme stocks are made equal [捂脸]

AMC, GameStop and Nokia are lumped together, but not all meme stocks are alike -- whether you are a day-trader or a long-term investor<blockquote>AMC、游戏驿站和诺基亚被归为一类，但并非所有模因股票都是一样的——无论您是日内交易者还是长期投资者</blockquote>

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Daveb
2021-06-05
Daveb
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(Photo by Olivier Douliery/AFP via Getty Images)<blockquote>Reddit WallStreetBets频道上讨论的许多模因股票在2021年上涨了三位数。（奥利维尔·杜利里/法新社，盖蒂图片社摄）</blockquote>Every day the meme stocks dominate the financial media. And rightly so -- they are illustrating the power of communications, as traders and investors seek to follow momentum to big profits.<blockquote>迷因股票每天都主导着金融媒体。这是正确的——当交易者和投资者寻求跟随势头获取巨额利润时，它们展示了沟通的力量。</blockquote>It's easy to dismiss the phenomenon, because it isn't based on companies' traditional measures of profitability or sales growth, ratios of share prices to earnings or sales, or even innovative products or services. But so much money is trading around these stocks that you should at least learn about what is going on.<blockquote>人们很容易忽视这种现象，因为它不是基于公司传统的盈利或销售增长衡量标准、股价与收益或销售额的比率，甚至不是创新产品或服务。但如此多的资金围绕这些股票进行交易，您至少应该了解正在发生的事情。</blockquote>Traders trying to understand the momentum and make quick gains will, of course, look at daily trading volumes and the immediate direction of share prices. But there are also measures of momentum among people communicating in Reddit's WallStreetBets channel and other social media. One of these, called a \"social sentiment analysis,\" was developed by HypeEquity and described here by Thornton McEnery.<blockquote>当然，试图了解势头并快速获利的交易者会关注每日交易量和股价的直接方向。但也有衡量人们在Reddit的WallStreetBets频道和其他社交媒体上交流的势头的指标。其中一种叫做“社会情绪分析”，是由HypeEquity开发的，由Thornton McEnery在这里描述。</blockquote>But you might also be interested in whether any of these stocks might make good long-term investments. Or you may want to see financial information and standard stock valuations for the meme stocks, as part of your arguments against them.<blockquote>但您可能也对这些股票是否可以进行良好的长期投资感兴趣。或者您可能想查看模因股票的财务信息和标准股票估值，作为您反对它们的论据的一部分。</blockquote>The meme stocks<blockquote>模因股票</blockquote>In talk of meme stocks, there is an acronym, BANG. BlackBerry Ltd. (BB.T) is the first of the group of four, which also includes AMC Entertainment Holdings Inc., Nokia Corp. and GameStop Corp.. But there are four other meme stocks that have had a lot of recent social-media buzz and trading activity that we can add to make a list of eight.<blockquote>在谈论模因股票时，有一个缩写词，BANG。黑莓有限公司（BB.T.）是四家集团中的第一家，该集团还包括AMC院线控股公司、诺基亚公司和游戏驿站公司。但还有另外四只模因股票最近在社交媒体上引起了很多关注和交易活动，我们可以将它们添加到八只股票的列表中。</blockquote>Here they are, sorted by market capitalization in millions of dollars:<blockquote>以下是按市值（百万美元）排序的：</blockquote><img src=\"https://static.tigerbbs.com/aba33d56ca09708aa22c36412ba22e13\" tg-width=\"1260\" tg-height=\"460\" referrerpolicy=\"no-referrer\">(FACTSET)<blockquote>（事实集）</blockquote>AMC's market capitalization is up more than sevenfold this year. All of the listed meme stocks' valuations have rocketed, although only by double digits for Nokia and Bed Bath &amp; Beyond.<blockquote>AMC的市值今年增长了七倍多。所有上市模因股票的估值都在飙升，尽管诺基亚和Bed Bath&amp;Beyond的估值仅为两位数。</blockquote>The boards of directors of AMC and GameStop each took advantage of the excitement among traders and sold new shares to the public to raise billions of dollars. AMC announced and completed the sale of 11.55 million new shares June 3.<blockquote>AMC和游戏驿站的董事会各自利用交易员的兴奋情绪，向公众出售新股，筹集了数十亿美元。AMC于6月3日宣布并完成了1155万股新股的出售。</blockquote>Short interest<blockquote>空头利息</blockquote>What started this year's meme-stock craze was an opportunity described on WallStreetBets to create short-squeezes on heavily shorted stocks.<blockquote>引发今年模因股票热潮的是WallStreetBets上描述的一个机会，即对严重做空的股票进行轧空。</blockquote>Here's a definition of short-selling and its risks:<blockquote>以下是卖空及其风险的定义：</blockquote>So you have unlimited risk if you short-sell stock -- you never know how high its price might go. If you buy shares outright (that is, take a long position), you have only risked the amount you invested.<blockquote>因此，如果你卖空股票，你就有无限的风险——你永远不知道它的价格会涨到多高。如果您直接购买股票（即持有多头头寸），您只承担了投资金额的风险。</blockquote>If you have shorted a stock and its price has gone the wrong way -- up -- your broker might make a margin call, which means you need to deliver cash to cover the broker's risk. Short-sellers are told these rules by their brokers before entering short trades. But the margin requirements can lead to short squeezes when investors run out of cash. Brokers will force-sell the shares if the required cash margin isn't maintained by the investor/trader.<blockquote>如果你做空了一只股票，而它的价格却走错了方向——上涨——你的经纪人可能会看涨期权收取保证金，这意味着你需要提供现金来弥补经纪人的风险。卖空者在进入卖空交易之前会被经纪人告知这些规则。但当投资者耗尽现金时，保证金要求可能会导致轧空。如果投资者/交易者没有维持所需的现金保证金，经纪人将强制出售股票。</blockquote>So at the early stage of meme-stock mania, the WallStreetBets crew was able to buy shares of heavily shorted stocks as a group, which drove their prices higher and even led to covering (at losses) by professionals. The resulting short-squeeze made a lot of money for traders whose timing was right. And the buzz has continued since then as the meme stocks have bounced up and down.<blockquote>因此，在模因股票狂热的早期阶段，WallStreetBets的工作人员能够作为一个群体购买被严重做空的股票，这推高了它们的价格，甚至导致专业人士（亏损）回补。由此产生的空头挤压为时机正确的交易者赚了很多钱。从那时起，随着模因股票上下反弹，这种热潮仍在继续。</blockquote>Here's a year-to-date chart showing total returns for the BANG stocks through June 3:<blockquote>以下是年初至今的图表，显示了截至6月3日BANG股票的总回报：</blockquote><img src=\"https://static.tigerbbs.com/ab1dfc0cfac9109e4ee8cc15580a220e\" tg-width=\"1259\" tg-height=\"1038\" referrerpolicy=\"no-referrer\">(FACTSET)<blockquote>（事实集）</blockquote>How much short interest is there now for this group of eight stocks? Here they are, ranked again by market cap:<blockquote>这八只股票现在有多少空头利息？以下是它们，再次按市值排名：</blockquote><img src=\"https://static.tigerbbs.com/f2ed9c41992b0fdf7c30467bbb882e58\" tg-width=\"1259\" tg-height=\"499\" referrerpolicy=\"no-referrer\">(FACTSET)<blockquote>（事实集）</blockquote>FactSet's data on short positions as a percentage of shares outstanding is updated twice a month, with the second update around the 25th day of the month.<blockquote>FactSet的空头头寸占流通股百分比数据每月更新两次，第二次更新在当月25日左右。</blockquote>The \"dollars short\" figure is of interest, as it gives some additional perspective to the short percentages. For example, 4.2% of Tesla Inc. shares are sold short, but that amounts to $24.2 billion in short interest, because the market cap is $583 billion.<blockquote>“美元空头”数字很有趣，因为它为空头百分比提供了一些额外的视角。例如，特斯拉公司4.2%的股票被卖空，但这相当于242亿美元的空头利息，因为市值为5830亿美元。</blockquote>In late January,when GameStop had a seemingly impossible 138% in short interest, Brad Lamensdorf, CEO of ActiveAlts in Westport, Conn., who runs long and short investment strategies, said a short percentage “over 30% to 40% is outrageously high.” At that time we listed 30 stocks in the S&amp;P Composite 1500 Index that were shorted 25% or more. (Lamensdorf co-manages the AdvisorShares Ranger Equity Bear ETF,which is meant to be used as a hedging tool.)<blockquote>1月下旬，当游戏驿站拥有看似不可能的138%的空头权益时，负责多头和空头投资策略的康涅狄格州西港ActiveAlts首席执行官Brad Lamensdorf表示，空头百分比“超过30%至40%高得离谱”。当时我们列出了标准普尔综合1500指数中被做空25%或以上的30只股票。（Lamensdorf共同管理AdvisorShares Ranger Equity Bear ETF，该ETF旨在用作对冲工具。）</blockquote>But now, only four stocks in the index are short 25% or more, according to FactSet's most recent data: Geo Group Inc., which operates prisons, with 33.2% short interest, Bed Bath Beyond, PetMed Express Inc., with 28.7% short interest and B&amp;G Foods Inc., with 25.8% of shares sold short. (Getting back to Geo Group, President Biden signed an executive order to phase-out federal contracts with private prison operator<blockquote>但现在，根据FactSet的最新数据，该指数中只有四只股票的空头比例为25%或以上：经营监狱的Geo Group Inc.，空头比例为33.2%，Bed Bath Beyond，PetMed Express Inc.，空头比例为28.7%，B&amp;G Foods Inc.，空头比例为25.8%。（回到Geo集团，拜登总统签署了一项行政命令，逐步取消与私营监狱运营商的联邦合同</blockquote>So this year's action with the meme stocks has had quite an effect on the stock market, quelling short-selling in general. That said, even with low short-interest numbers for Nokia and Koss Corp., both stocks have had short-squeezes this year.<blockquote>因此，今年对模因股票的行动对股市产生了相当大的影响，总体上平息了卖空行为。尽管如此，尽管诺基亚和科斯公司的空头兴趣较低，但这两只股票今年都出现了空头挤压。</blockquote>Meme stocks' fundamentals<blockquote>模因股票的基本面</blockquote>To analyze the meme companies' financial results and prospects, we will look back and then ahead. The coronavirus pandemic had an obvious brutal affect on AMC, as its theaters were all closed. It had reopened nearly all U.S. theaters with limited capacity by he end of March.<blockquote>为了分析模因公司的财务业绩和前景，我们将回顾过去，然后展望未来。冠状病毒大流行对AMC产生了明显的残酷影响，其影院全部关闭。到3月底，它已经重新开放了几乎所有容量有限的美国影院。</blockquote>GameStop has been challenged for years by a fundamental problem for a videogame retailer: More content being sold online, even for console gaming systems, rather than through Blu-ray or other media that were sold at the stores.<blockquote>对于一家视频游戏零售商来说，游戏驿站多年来一直面临着一个根本问题的挑战：更多的内容在网上销售，即使是针对主机游戏系统，而不是通过蓝光或其他在商店销售的媒体。</blockquote>So AMC and GameStop were obvious candidates for shorting until traders were able to group together via Reddit and online trading applications, including Robinhood, to cause the short-squeezes.<blockquote>因此，AMC和游戏驿站显然是做空的候选者，直到交易员能够通过Reddit和包括Robinhood在内的在线交易应用程序聚集在一起，造成空头挤压。</blockquote>Five-year review<blockquote>五年回顾</blockquote>First, let's look at the direction of all eight companies' sales results over the past five full fiscal years. We're looking at fiscal years because for several of these companies, fiscal years don't match the calendar:<blockquote>首先，让我们看看过去五个完整财年所有八家公司的销售业绩走向。我们关注的是财政年度，因为对于其中几家公司来说，财政年度与日历不匹配：</blockquote><img src=\"https://static.tigerbbs.com/5d17671a0a5c84afe766af5c33337e8f\" tg-width=\"1260\" tg-height=\"535\" referrerpolicy=\"no-referrer\">(FACTSET)<blockquote>（事实集）</blockquote>Even before the pandemic, AMC's sales had declined during 2019. So did Nokia's, although the company is putting up impressive sales numbers for one that makes mobile telecommunications devices and isn't Apple Inc. or Samsung. GameStop has suffered four years of annual sales declines, while Bed Bath &amp; Beyond Inc. has been a little better.<blockquote>甚至在疫情爆发之前，AMC的销售额就在2019年有所下降。诺基亚也是如此，尽管该公司是一家生产移动电信设备的公司，而不是苹果公司或三星公司，取得了令人印象深刻的销售数据。游戏驿站已经连续四年年销售额下降，而贝德柏士比昂公司(Bed Bath&amp;Beyond Inc.)的情况稍好一些。</blockquote>Looking ahead -- sales<blockquote>展望未来——销售</blockquote>What if AMC and GameStop were able to put all that money they have raised to good use? Starting from a baseline of calendar 2021, to get past most of the effect of the pandemic in the U.S., here are sales projections going out another two years, where possible:<blockquote>如果AMC和游戏驿站能够充分利用他们筹集的所有资金会怎么样？从2021年日历的基线开始，为了克服美国大流行的大部分影响，在可能的情况下，以下是未来两年的销售预测：</blockquote><img src=\"https://static.tigerbbs.com/1ae59307eca7f4f03a7e0f0efb0b3b16\" tg-width=\"1260\" tg-height=\"454\" referrerpolicy=\"no-referrer\">(FACTSET)<blockquote>（事实集）</blockquote>You may have noticed that Koss isn't included in the sales projections table. That is because FactSet was unable to obtain any financial estimates, ratings or targets from analysts at brokerage firms for the company.<blockquote>您可能已经注意到Koss不包括在销售预测表中。这是因为FactSet无法从经纪公司分析师那里获得该公司的任何财务估计、评级或目标。</blockquote>Among the companies for which we have estimates for 2023, AMC is expected to show a sales recovery to come close to pre-pandemic levels. <a href=\"https://laohu8.com/S/TLRY\">Tilray Inc.</a> is expected to continue on its growth course for marijuana supply. Nokia is expected to show modest sales growth through 2023.<blockquote>在我们对2023年进行预测的公司中，AMC预计销售复苏将接近大流行前的水平。<a href=\"https://laohu8.com/S/TLRY\">蒂尔雷公司。</a>预计大麻供应将继续增长。诺基亚预计到2023年销售额将小幅增长。</blockquote>The right-most column is a hybrid of market cap as of June 3 to the furthest-out sales estimate available. Nokia looks cheap, and Wall Street analysts concur, as you will see below. This company stands apart from the other meme stocks.<blockquote>最右边的一栏是截至6月3日的市值与现有的最大销售估计的混合。诺基亚看起来很便宜，华尔街分析师也同意这一点，如下所示。这家公司与其他模因股票不同。</blockquote>Putting those price-to-sales estimates into perspective, the benchmark S&amp;P 500 Index trades for 2.5 times the weighted aggregate 2023 sales estimate for its component companies.<blockquote>从这些市销率预期的角度来看，基准标普500指数的交易价格是其组成部分公司2023年加权总销售额预期的2.5倍。</blockquote>Looking ahead -- earnings<blockquote>展望未来——收益</blockquote>Let's do the same exercise for earnings-per-share estimates going out to 2023, where possible:<blockquote>如果可能的话，让我们对2023年的每股收益预测进行同样的练习：</blockquote><img src=\"https://static.tigerbbs.com/1715e49d9cfc910a0210abbac48d591c\" tg-width=\"1260\" tg-height=\"401\" referrerpolicy=\"no-referrer\">(FACTSET)<blockquote>（事实集）</blockquote>For expected changes in EPS, we have \"N/A\" for most companies because the EPS estimates for AMC and BlackBerry are all negative, while estimates swing from negative to positive to negative for GameStop and Tilray. For the companies expected to remain consistently profitable -- Nokia and Bed Bath &amp; Beyond -- the ratios of current price to 2023 EPS estimates are lower than the ratio of 18.4 for the S&amp;P 500.<blockquote>对于每股收益的预期变化，我们对大多数公司的评级为“不适用”，因为AMC和黑莓的每股收益预期均为负值，而游戏驿站和Tilray的预期则从负到正再到负。对于预计将保持持续盈利的公司（诺基亚和Bed Bath&amp;Beyond）来说，当前价格与2023年每股收益预期的比率低于标普500 18.4的比率。</blockquote>Wall Street's ratings and targets<blockquote>华尔街的评级和目标</blockquote>Analysts at brokerage firms tend to shy away from negative ratings. They also set 12-month price targets. Those can be considered too short for some long-term investors looking to invest in companies that compound sales and profit at decent rates over many years. But the 12 months can be an eternity for traders trying to jump on volatile meme-stocks for gains.<blockquote>券商分析师往往回避负面评级。他们还设定了12个月的价格目标。对于一些希望投资于多年来销售额和利润复合率较高的公司的长期投资者来说，这可能被认为太短了。但对于试图买入波动较大的模因股票以获取收益的交易者来说，这12个月可能是永恒的。</blockquote>Here's a summary of sentiment among Wall Street analysts for seven of the eight meme stocks listed above (again skipping Koss, for which no ratings or estimates are available):<blockquote>以下是华尔街分析师对上面列出的八只模因股票中的七只的情绪摘要（再次跳过Koss，该股票没有评级或估计）：</blockquote><img src=\"https://static.tigerbbs.com/ffe15e31e65f68d1022120cdd3aeebf2\" tg-width=\"1260\" tg-height=\"454\" referrerpolicy=\"no-referrer\">(FACTSET)<blockquote>（事实集）</blockquote>Nokia stands out with majority \"buy\" or equivalent ratings. But the stock was a bit ahead of the consensus price target as of the close June 3.<blockquote>诺基亚以大多数“买入”或同等评级脱颖而出。但截至6月3日收盘，该股略高于共识目标价。</blockquote>For the other meme stocks, a focus on the daily buzz in Reddit and other social media may be your best way to gain insight into very difficult and risky trading.<blockquote>对于其他模因股票，关注Reddit和其他社交媒体上的每日热点可能是您深入了解非常困难和高风险交易的最佳方式。</blockquote>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC, GameStop and Nokia are lumped together, but not all meme stocks are alike -- whether you are a day-trader or a long-term investor<blockquote>AMC、游戏驿站和诺基亚被归为一类，但并非所有模因股票都是一样的——无论您是日内交易者还是长期投资者</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC, GameStop and Nokia are lumped together, but not all meme stocks are alike -- whether you are a day-trader or a long-term investor<blockquote>AMC、游戏驿站和诺基亚被归为一类，但并非所有模因股票都是一样的——无论您是日内交易者还是长期投资者</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMarketWatch2021-06-04 22:54\n\n</h4>\n</header>\n<article>\nAMC, GameStop and Nokia are lumped together, but not all meme stocks are alike -- whether you are a day-trader or a long-term investor.<blockquote>AMC、游戏驿站和诺基亚被归为一类，但并非所有模因股票都是一样的——无论您是日内交易者还是长期投资者。</blockquote><img src=\"https://static.tigerbbs.com/7eb63d677cb5d8a8a6a2c67fc4bb2698\" tg-width=\"1260\" tg-height=\"896\" referrerpolicy=\"no-referrer\">Many meme stocks discussed on Reddit's WallStreetBets channel are up by triple digits during 2021. (Photo by Olivier Douliery/AFP via Getty Images)<blockquote>Reddit WallStreetBets频道上讨论的许多模因股票在2021年上涨了三位数。（奥利维尔·杜利里/法新社，盖蒂图片社摄）</blockquote>Every day the meme stocks dominate the financial media. And rightly so -- they are illustrating the power of communications, as traders and investors seek to follow momentum to big profits.<blockquote>迷因股票每天都主导着金融媒体。这是正确的——当交易者和投资者寻求跟随势头获取巨额利润时，它们展示了沟通的力量。</blockquote>It's easy to dismiss the phenomenon, because it isn't based on companies' traditional measures of profitability or sales growth, ratios of share prices to earnings or sales, or even innovative products or services. But so much money is trading around these stocks that you should at least learn about what is going on.<blockquote>人们很容易忽视这种现象，因为它不是基于公司传统的盈利或销售增长衡量标准、股价与收益或销售额的比率，甚至不是创新产品或服务。但如此多的资金围绕这些股票进行交易，您至少应该了解正在发生的事情。</blockquote>Traders trying to understand the momentum and make quick gains will, of course, look at daily trading volumes and the immediate direction of share prices. But there are also measures of momentum among people communicating in Reddit's WallStreetBets channel and other social media. One of these, called a \"social sentiment analysis,\" was developed by HypeEquity and described here by Thornton McEnery.<blockquote>当然，试图了解势头并快速获利的交易者会关注每日交易量和股价的直接方向。但也有衡量人们在Reddit的WallStreetBets频道和其他社交媒体上交流的势头的指标。其中一种叫做“社会情绪分析”，是由HypeEquity开发的，由Thornton McEnery在这里描述。</blockquote>But you might also be interested in whether any of these stocks might make good long-term investments. Or you may want to see financial information and standard stock valuations for the meme stocks, as part of your arguments against them.<blockquote>但您可能也对这些股票是否可以进行良好的长期投资感兴趣。或者您可能想查看模因股票的财务信息和标准股票估值，作为您反对它们的论据的一部分。</blockquote>The meme stocks<blockquote>模因股票</blockquote>In talk of meme stocks, there is an acronym, BANG. BlackBerry Ltd. (BB.T) is the first of the group of four, which also includes AMC Entertainment Holdings Inc., Nokia Corp. and GameStop Corp.. But there are four other meme stocks that have had a lot of recent social-media buzz and trading activity that we can add to make a list of eight.<blockquote>在谈论模因股票时，有一个缩写词，BANG。黑莓有限公司（BB.T.）是四家集团中的第一家，该集团还包括AMC院线控股公司、诺基亚公司和游戏驿站公司。但还有另外四只模因股票最近在社交媒体上引起了很多关注和交易活动，我们可以将它们添加到八只股票的列表中。</blockquote>Here they are, sorted by market capitalization in millions of dollars:<blockquote>以下是按市值（百万美元）排序的：</blockquote><img src=\"https://static.tigerbbs.com/aba33d56ca09708aa22c36412ba22e13\" tg-width=\"1260\" tg-height=\"460\" referrerpolicy=\"no-referrer\">(FACTSET)<blockquote>（事实集）</blockquote>AMC's market capitalization is up more than sevenfold this year. All of the listed meme stocks' valuations have rocketed, although only by double digits for Nokia and Bed Bath &amp; Beyond.<blockquote>AMC的市值今年增长了七倍多。所有上市模因股票的估值都在飙升，尽管诺基亚和Bed Bath&amp;Beyond的估值仅为两位数。</blockquote>The boards of directors of AMC and GameStop each took advantage of the excitement among traders and sold new shares to the public to raise billions of dollars. AMC announced and completed the sale of 11.55 million new shares June 3.<blockquote>AMC和游戏驿站的董事会各自利用交易员的兴奋情绪，向公众出售新股，筹集了数十亿美元。AMC于6月3日宣布并完成了1155万股新股的出售。</blockquote>Short interest<blockquote>空头利息</blockquote>What started this year's meme-stock craze was an opportunity described on WallStreetBets to create short-squeezes on heavily shorted stocks.<blockquote>引发今年模因股票热潮的是WallStreetBets上描述的一个机会，即对严重做空的股票进行轧空。</blockquote>Here's a definition of short-selling and its risks:<blockquote>以下是卖空及其风险的定义：</blockquote>So you have unlimited risk if you short-sell stock -- you never know how high its price might go. If you buy shares outright (that is, take a long position), you have only risked the amount you invested.<blockquote>因此，如果你卖空股票，你就有无限的风险——你永远不知道它的价格会涨到多高。如果您直接购买股票（即持有多头头寸），您只承担了投资金额的风险。</blockquote>If you have shorted a stock and its price has gone the wrong way -- up -- your broker might make a margin call, which means you need to deliver cash to cover the broker's risk. Short-sellers are told these rules by their brokers before entering short trades. But the margin requirements can lead to short squeezes when investors run out of cash. Brokers will force-sell the shares if the required cash margin isn't maintained by the investor/trader.<blockquote>如果你做空了一只股票，而它的价格却走错了方向——上涨——你的经纪人可能会看涨期权收取保证金，这意味着你需要提供现金来弥补经纪人的风险。卖空者在进入卖空交易之前会被经纪人告知这些规则。但当投资者耗尽现金时，保证金要求可能会导致轧空。如果投资者/交易者没有维持所需的现金保证金，经纪人将强制出售股票。</blockquote>So at the early stage of meme-stock mania, the WallStreetBets crew was able to buy shares of heavily shorted stocks as a group, which drove their prices higher and even led to covering (at losses) by professionals. The resulting short-squeeze made a lot of money for traders whose timing was right. And the buzz has continued since then as the meme stocks have bounced up and down.<blockquote>因此，在模因股票狂热的早期阶段，WallStreetBets的工作人员能够作为一个群体购买被严重做空的股票，这推高了它们的价格，甚至导致专业人士（亏损）回补。由此产生的空头挤压为时机正确的交易者赚了很多钱。从那时起，随着模因股票上下反弹，这种热潮仍在继续。</blockquote>Here's a year-to-date chart showing total returns for the BANG stocks through June 3:<blockquote>以下是年初至今的图表，显示了截至6月3日BANG股票的总回报：</blockquote><img src=\"https://static.tigerbbs.com/ab1dfc0cfac9109e4ee8cc15580a220e\" tg-width=\"1259\" tg-height=\"1038\" referrerpolicy=\"no-referrer\">(FACTSET)<blockquote>（事实集）</blockquote>How much short interest is there now for this group of eight stocks? Here they are, ranked again by market cap:<blockquote>这八只股票现在有多少空头利息？以下是它们，再次按市值排名：</blockquote><img src=\"https://static.tigerbbs.com/f2ed9c41992b0fdf7c30467bbb882e58\" tg-width=\"1259\" tg-height=\"499\" referrerpolicy=\"no-referrer\">(FACTSET)<blockquote>（事实集）</blockquote>FactSet's data on short positions as a percentage of shares outstanding is updated twice a month, with the second update around the 25th day of the month.<blockquote>FactSet的空头头寸占流通股百分比数据每月更新两次，第二次更新在当月25日左右。</blockquote>The \"dollars short\" figure is of interest, as it gives some additional perspective to the short percentages. For example, 4.2% of Tesla Inc. shares are sold short, but that amounts to $24.2 billion in short interest, because the market cap is $583 billion.<blockquote>“美元空头”数字很有趣，因为它为空头百分比提供了一些额外的视角。例如，特斯拉公司4.2%的股票被卖空，但这相当于242亿美元的空头利息，因为市值为5830亿美元。</blockquote>In late January,when GameStop had a seemingly impossible 138% in short interest, Brad Lamensdorf, CEO of ActiveAlts in Westport, Conn., who runs long and short investment strategies, said a short percentage “over 30% to 40% is outrageously high.” At that time we listed 30 stocks in the S&amp;P Composite 1500 Index that were shorted 25% or more. (Lamensdorf co-manages the AdvisorShares Ranger Equity Bear ETF,which is meant to be used as a hedging tool.)<blockquote>1月下旬，当游戏驿站拥有看似不可能的138%的空头权益时，负责多头和空头投资策略的康涅狄格州西港ActiveAlts首席执行官Brad Lamensdorf表示，空头百分比“超过30%至40%高得离谱”。当时我们列出了标准普尔综合1500指数中被做空25%或以上的30只股票。（Lamensdorf共同管理AdvisorShares Ranger Equity Bear ETF，该ETF旨在用作对冲工具。）</blockquote>But now, only four stocks in the index are short 25% or more, according to FactSet's most recent data: Geo Group Inc., which operates prisons, with 33.2% short interest, Bed Bath Beyond, PetMed Express Inc., with 28.7% short interest and B&amp;G Foods Inc., with 25.8% of shares sold short. (Getting back to Geo Group, President Biden signed an executive order to phase-out federal contracts with private prison operator<blockquote>但现在，根据FactSet的最新数据，该指数中只有四只股票的空头比例为25%或以上：经营监狱的Geo Group Inc.，空头比例为33.2%，Bed Bath Beyond，PetMed Express Inc.，空头比例为28.7%，B&amp;G Foods Inc.，空头比例为25.8%。（回到Geo集团，拜登总统签署了一项行政命令，逐步取消与私营监狱运营商的联邦合同</blockquote>So this year's action with the meme stocks has had quite an effect on the stock market, quelling short-selling in general. That said, even with low short-interest numbers for Nokia and Koss Corp., both stocks have had short-squeezes this year.<blockquote>因此，今年对模因股票的行动对股市产生了相当大的影响，总体上平息了卖空行为。尽管如此，尽管诺基亚和科斯公司的空头兴趣较低，但这两只股票今年都出现了空头挤压。</blockquote>Meme stocks' fundamentals<blockquote>模因股票的基本面</blockquote>To analyze the meme companies' financial results and prospects, we will look back and then ahead. The coronavirus pandemic had an obvious brutal affect on AMC, as its theaters were all closed. It had reopened nearly all U.S. theaters with limited capacity by he end of March.<blockquote>为了分析模因公司的财务业绩和前景，我们将回顾过去，然后展望未来。冠状病毒大流行对AMC产生了明显的残酷影响，其影院全部关闭。到3月底，它已经重新开放了几乎所有容量有限的美国影院。</blockquote>GameStop has been challenged for years by a fundamental problem for a videogame retailer: More content being sold online, even for console gaming systems, rather than through Blu-ray or other media that were sold at the stores.<blockquote>对于一家视频游戏零售商来说，游戏驿站多年来一直面临着一个根本问题的挑战：更多的内容在网上销售，即使是针对主机游戏系统，而不是通过蓝光或其他在商店销售的媒体。</blockquote>So AMC and GameStop were obvious candidates for shorting until traders were able to group together via Reddit and online trading applications, including Robinhood, to cause the short-squeezes.<blockquote>因此，AMC和游戏驿站显然是做空的候选者，直到交易员能够通过Reddit和包括Robinhood在内的在线交易应用程序聚集在一起，造成空头挤压。</blockquote>Five-year review<blockquote>五年回顾</blockquote>First, let's look at the direction of all eight companies' sales results over the past five full fiscal years. We're looking at fiscal years because for several of these companies, fiscal years don't match the calendar:<blockquote>首先，让我们看看过去五个完整财年所有八家公司的销售业绩走向。我们关注的是财政年度，因为对于其中几家公司来说，财政年度与日历不匹配：</blockquote><img src=\"https://static.tigerbbs.com/5d17671a0a5c84afe766af5c33337e8f\" tg-width=\"1260\" tg-height=\"535\" referrerpolicy=\"no-referrer\">(FACTSET)<blockquote>（事实集）</blockquote>Even before the pandemic, AMC's sales had declined during 2019. So did Nokia's, although the company is putting up impressive sales numbers for one that makes mobile telecommunications devices and isn't Apple Inc. or Samsung. GameStop has suffered four years of annual sales declines, while Bed Bath &amp; Beyond Inc. has been a little better.<blockquote>甚至在疫情爆发之前，AMC的销售额就在2019年有所下降。诺基亚也是如此，尽管该公司是一家生产移动电信设备的公司，而不是苹果公司或三星公司，取得了令人印象深刻的销售数据。游戏驿站已经连续四年年销售额下降，而贝德柏士比昂公司(Bed Bath&amp;Beyond Inc.)的情况稍好一些。</blockquote>Looking ahead -- sales<blockquote>展望未来——销售</blockquote>What if AMC and GameStop were able to put all that money they have raised to good use? Starting from a baseline of calendar 2021, to get past most of the effect of the pandemic in the U.S., here are sales projections going out another two years, where possible:<blockquote>如果AMC和游戏驿站能够充分利用他们筹集的所有资金会怎么样？从2021年日历的基线开始，为了克服美国大流行的大部分影响，在可能的情况下，以下是未来两年的销售预测：</blockquote><img src=\"https://static.tigerbbs.com/1ae59307eca7f4f03a7e0f0efb0b3b16\" tg-width=\"1260\" tg-height=\"454\" referrerpolicy=\"no-referrer\">(FACTSET)<blockquote>（事实集）</blockquote>You may have noticed that Koss isn't included in the sales projections table. That is because FactSet was unable to obtain any financial estimates, ratings or targets from analysts at brokerage firms for the company.<blockquote>您可能已经注意到Koss不包括在销售预测表中。这是因为FactSet无法从经纪公司分析师那里获得该公司的任何财务估计、评级或目标。</blockquote>Among the companies for which we have estimates for 2023, AMC is expected to show a sales recovery to come close to pre-pandemic levels. <a href=\"https://laohu8.com/S/TLRY\">Tilray Inc.</a> is expected to continue on its growth course for marijuana supply. Nokia is expected to show modest sales growth through 2023.<blockquote>在我们对2023年进行预测的公司中，AMC预计销售复苏将接近大流行前的水平。<a href=\"https://laohu8.com/S/TLRY\">蒂尔雷公司。</a>预计大麻供应将继续增长。诺基亚预计到2023年销售额将小幅增长。</blockquote>The right-most column is a hybrid of market cap as of June 3 to the furthest-out sales estimate available. Nokia looks cheap, and Wall Street analysts concur, as you will see below. This company stands apart from the other meme stocks.<blockquote>最右边的一栏是截至6月3日的市值与现有的最大销售估计的混合。诺基亚看起来很便宜，华尔街分析师也同意这一点，如下所示。这家公司与其他模因股票不同。</blockquote>Putting those price-to-sales estimates into perspective, the benchmark S&amp;P 500 Index trades for 2.5 times the weighted aggregate 2023 sales estimate for its component companies.<blockquote>从这些市销率预期的角度来看，基准标普500指数的交易价格是其组成部分公司2023年加权总销售额预期的2.5倍。</blockquote>Looking ahead -- earnings<blockquote>展望未来——收益</blockquote>Let's do the same exercise for earnings-per-share estimates going out to 2023, where possible:<blockquote>如果可能的话，让我们对2023年的每股收益预测进行同样的练习：</blockquote><img src=\"https://static.tigerbbs.com/1715e49d9cfc910a0210abbac48d591c\" tg-width=\"1260\" tg-height=\"401\" referrerpolicy=\"no-referrer\">(FACTSET)<blockquote>（事实集）</blockquote>For expected changes in EPS, we have \"N/A\" for most companies because the EPS estimates for AMC and BlackBerry are all negative, while estimates swing from negative to positive to negative for GameStop and Tilray. For the companies expected to remain consistently profitable -- Nokia and Bed Bath &amp; Beyond -- the ratios of current price to 2023 EPS estimates are lower than the ratio of 18.4 for the S&amp;P 500.<blockquote>对于每股收益的预期变化，我们对大多数公司的评级为“不适用”，因为AMC和黑莓的每股收益预期均为负值，而游戏驿站和Tilray的预期则从负到正再到负。对于预计将保持持续盈利的公司（诺基亚和Bed Bath&amp;Beyond）来说，当前价格与2023年每股收益预期的比率低于标普500 18.4的比率。</blockquote>Wall Street's ratings and targets<blockquote>华尔街的评级和目标</blockquote>Analysts at brokerage firms tend to shy away from negative ratings. They also set 12-month price targets. Those can be considered too short for some long-term investors looking to invest in companies that compound sales and profit at decent rates over many years. But the 12 months can be an eternity for traders trying to jump on volatile meme-stocks for gains.<blockquote>券商分析师往往回避负面评级。他们还设定了12个月的价格目标。对于一些希望投资于多年来销售额和利润复合率较高的公司的长期投资者来说，这可能被认为太短了。但对于试图买入波动较大的模因股票以获取收益的交易者来说，这12个月可能是永恒的。</blockquote>Here's a summary of sentiment among Wall Street analysts for seven of the eight meme stocks listed above (again skipping Koss, for which no ratings or estimates are available):<blockquote>以下是华尔街分析师对上面列出的八只模因股票中的七只的情绪摘要（再次跳过Koss，该股票没有评级或估计）：</blockquote><img src=\"https://static.tigerbbs.com/ffe15e31e65f68d1022120cdd3aeebf2\" tg-width=\"1260\" tg-height=\"454\" referrerpolicy=\"no-referrer\">(FACTSET)<blockquote>（事实集）</blockquote>Nokia stands out with majority \"buy\" or equivalent ratings. But the stock was a bit ahead of the consensus price target as of the close June 3.<blockquote>诺基亚以大多数“买入”或同等评级脱颖而出。但截至6月3日收盘，该股略高于共识目标价。</blockquote>For the other meme stocks, a focus on the daily buzz in Reddit and other social media may be your best way to gain insight into very difficult and risky trading.<blockquote>对于其他模因股票，关注Reddit和其他社交媒体上的每日热点可能是您深入了解非常困难和高风险交易的最佳方式。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.marketwatch.com/story/we-put-these-eight-meme-stocks-through-a-rugged-analytical-test-which-are-poised-for-growth-and-which-have-big-downsides-11622810160?mod=home-page\">MarketWatch</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BB":"黑莓","TLRY":"Tilray Inc.","BBBY":"Bed Bath & Beyond, Inc.","AMC":"AMC院线","MVIS":"维视图像","NOK":"诺基亚","GME":"游戏驿站"},"source_url":"https://www.marketwatch.com/story/we-put-these-eight-meme-stocks-through-a-rugged-analytical-test-which-are-poised-for-growth-and-which-have-big-downsides-11622810160?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2140409543","content_text":"AMC, GameStop and Nokia are lumped together, but not all meme stocks are alike -- whether you are a day-trader or a long-term investor.Many meme stocks discussed on Reddit's WallStreetBets channel are up by triple digits during 2021. (Photo by Olivier Douliery/AFP via Getty Images)Every day the meme stocks dominate the financial media. And rightly so -- they are illustrating the power of communications, as traders and investors seek to follow momentum to big profits.It's easy to dismiss the phenomenon, because it isn't based on companies' traditional measures of profitability or sales growth, ratios of share prices to earnings or sales, or even innovative products or services. But so much money is trading around these stocks that you should at least learn about what is going on.Traders trying to understand the momentum and make quick gains will, of course, look at daily trading volumes and the immediate direction of share prices. But there are also measures of momentum among people communicating in Reddit's WallStreetBets channel and other social media. One of these, called a \"social sentiment analysis,\" was developed by HypeEquity and described here by Thornton McEnery.But you might also be interested in whether any of these stocks might make good long-term investments. Or you may want to see financial information and standard stock valuations for the meme stocks, as part of your arguments against them.The meme stocksIn talk of meme stocks, there is an acronym, BANG. BlackBerry Ltd. (BB.T) is the first of the group of four, which also includes AMC Entertainment Holdings Inc., Nokia Corp. and GameStop Corp.. But there are four other meme stocks that have had a lot of recent social-media buzz and trading activity that we can add to make a list of eight.Here they are, sorted by market capitalization in millions of dollars:(FACTSET)AMC's market capitalization is up more than sevenfold this year. All of the listed meme stocks' valuations have rocketed, although only by double digits for Nokia and Bed Bath & Beyond.The boards of directors of AMC and GameStop each took advantage of the excitement among traders and sold new shares to the public to raise billions of dollars. AMC announced and completed the sale of 11.55 million new shares June 3.Short interestWhat started this year's meme-stock craze was an opportunity described on WallStreetBets to create short-squeezes on heavily shorted stocks.Here's a definition of short-selling and its risks:So you have unlimited risk if you short-sell stock -- you never know how high its price might go. If you buy shares outright (that is, take a long position), you have only risked the amount you invested.If you have shorted a stock and its price has gone the wrong way -- up -- your broker might make a margin call, which means you need to deliver cash to cover the broker's risk. Short-sellers are told these rules by their brokers before entering short trades. But the margin requirements can lead to short squeezes when investors run out of cash. Brokers will force-sell the shares if the required cash margin isn't maintained by the investor/trader.So at the early stage of meme-stock mania, the WallStreetBets crew was able to buy shares of heavily shorted stocks as a group, which drove their prices higher and even led to covering (at losses) by professionals. The resulting short-squeeze made a lot of money for traders whose timing was right. And the buzz has continued since then as the meme stocks have bounced up and down.Here's a year-to-date chart showing total returns for the BANG stocks through June 3:(FACTSET)How much short interest is there now for this group of eight stocks? Here they are, ranked again by market cap:(FACTSET)FactSet's data on short positions as a percentage of shares outstanding is updated twice a month, with the second update around the 25th day of the month.The \"dollars short\" figure is of interest, as it gives some additional perspective to the short percentages. For example, 4.2% of Tesla Inc. shares are sold short, but that amounts to $24.2 billion in short interest, because the market cap is $583 billion.In late January,when GameStop had a seemingly impossible 138% in short interest, Brad Lamensdorf, CEO of ActiveAlts in Westport, Conn., who runs long and short investment strategies, said a short percentage “over 30% to 40% is outrageously high.” At that time we listed 30 stocks in the S&P Composite 1500 Index that were shorted 25% or more. (Lamensdorf co-manages the AdvisorShares Ranger Equity Bear ETF,which is meant to be used as a hedging tool.)But now, only four stocks in the index are short 25% or more, according to FactSet's most recent data: Geo Group Inc., which operates prisons, with 33.2% short interest, Bed Bath Beyond, PetMed Express Inc., with 28.7% short interest and B&G Foods Inc., with 25.8% of shares sold short. (Getting back to Geo Group, President Biden signed an executive order to phase-out federal contracts with private prison operatorSo this year's action with the meme stocks has had quite an effect on the stock market, quelling short-selling in general. That said, even with low short-interest numbers for Nokia and Koss Corp., both stocks have had short-squeezes this year.Meme stocks' fundamentalsTo analyze the meme companies' financial results and prospects, we will look back and then ahead. The coronavirus pandemic had an obvious brutal affect on AMC, as its theaters were all closed. It had reopened nearly all U.S. theaters with limited capacity by he end of March.GameStop has been challenged for years by a fundamental problem for a videogame retailer: More content being sold online, even for console gaming systems, rather than through Blu-ray or other media that were sold at the stores.So AMC and GameStop were obvious candidates for shorting until traders were able to group together via Reddit and online trading applications, including Robinhood, to cause the short-squeezes.Five-year reviewFirst, let's look at the direction of all eight companies' sales results over the past five full fiscal years. We're looking at fiscal years because for several of these companies, fiscal years don't match the calendar:(FACTSET)Even before the pandemic, AMC's sales had declined during 2019. So did Nokia's, although the company is putting up impressive sales numbers for one that makes mobile telecommunications devices and isn't Apple Inc. or Samsung. GameStop has suffered four years of annual sales declines, while Bed Bath & Beyond Inc. has been a little better.Looking ahead -- salesWhat if AMC and GameStop were able to put all that money they have raised to good use? Starting from a baseline of calendar 2021, to get past most of the effect of the pandemic in the U.S., here are sales projections going out another two years, where possible:(FACTSET)You may have noticed that Koss isn't included in the sales projections table. That is because FactSet was unable to obtain any financial estimates, ratings or targets from analysts at brokerage firms for the company.Among the companies for which we have estimates for 2023, AMC is expected to show a sales recovery to come close to pre-pandemic levels. Tilray Inc. is expected to continue on its growth course for marijuana supply. Nokia is expected to show modest sales growth through 2023.The right-most column is a hybrid of market cap as of June 3 to the furthest-out sales estimate available. Nokia looks cheap, and Wall Street analysts concur, as you will see below. This company stands apart from the other meme stocks.Putting those price-to-sales estimates into perspective, the benchmark S&P 500 Index trades for 2.5 times the weighted aggregate 2023 sales estimate for its component companies.Looking ahead -- earningsLet's do the same exercise for earnings-per-share estimates going out to 2023, where possible:(FACTSET)For expected changes in EPS, we have \"N/A\" for most companies because the EPS estimates for AMC and BlackBerry are all negative, while estimates swing from negative to positive to negative for GameStop and Tilray. For the companies expected to remain consistently profitable -- Nokia and Bed Bath & Beyond -- the ratios of current price to 2023 EPS estimates are lower than the ratio of 18.4 for the S&P 500.Wall Street's ratings and targetsAnalysts at brokerage firms tend to shy away from negative ratings. They also set 12-month price targets. Those can be considered too short for some long-term investors looking to invest in companies that compound sales and profit at decent rates over many years. But the 12 months can be an eternity for traders trying to jump on volatile meme-stocks for gains.Here's a summary of sentiment among Wall Street analysts for seven of the eight meme stocks listed above (again skipping Koss, for which no ratings or estimates are available):(FACTSET)Nokia stands out with majority \"buy\" or equivalent ratings. But the stock was a bit ahead of the consensus price target as of the close June 3.For the other meme stocks, a focus on the daily buzz in Reddit and other social media may be your best way to gain insight into very difficult and risky trading.","news_type":1,"symbols_score_info":{"BB":0.9,"TLRY":0.9,"MVIS":0.9,"NOK":0.9,"AMC":0.9,"GME":0.9,"BBBY":0.9}},"isVote":1,"tweetType":1,"viewCount":1118,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":34,"xxTargetLangEnum":"ZH_CN"},"commentList":[{"id":4583728,"commentId":"4583728","gmtCreate":1622835840530,"gmtModify":1622835840530,"authorId":3575141057639271,"author":{"id":3575141057639271,"idStr":"3575141057639271","authorId":3575141057639271,"name":"Daveb","avatar":"https://static.tigerbbs.com/61df162e1597f1b5a6a6bfb13d7d92f5","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":116751084,"objectIdStr":"116751084","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"👍👍🤝😂😂💎💎💎✊🏿","text":"👍👍🤝😂😂💎💎💎✊🏿","html":"👍👍🤝😂😂💎💎💎✊🏿","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0,"disclaimerType":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/116751084"}