If the recent terminology coming from social media about investing has confused you, we’ve got you covered, here’s what ‘Tendies’ means.
Tendies is a term born from Reddit’s WallStreetBets community. Traders using the social media platform came up with the unique phrase and it has really caught on, especially during the meme stock craze that the market is currently experiencing.
What exactly does Tendies mean for stocks?
Tendies refer in general to any financial gain on the stock market and is used when traders make money from a stock. Many investors following meme stocks during the short-squeeze made a lot of cash if they timed it right, unfortunately, some people also lost a lot of their savings.
“What in the world has trading got to do with tenders though?” I hear you ask. Well, it is a strange one I’ll give you that. The tie between chicken tenders and financial gain comes from a 4CHAN (a popular image-based board) story about adult men who live with their mothers. They are then rewarded with good behavior by their parents with “Good Boy Points” which they then use to get chicken tenders or ‘tendies.’
The term goes along with WallStreetBets’ self-deprecating humor. You see, if they portray themselves as tendie-eating nerds who still live at home, playing video games, there’s not much left to make fun of them for.
Here are some phrases where you could find Tendies being used:
“I bought a hot tub with my TENDIES from Support.com stock.”
“Thank you WallStreetBets for all my Tendies!”
“In it for the Tendies, CLOV to the moon!”
Remember, these terms are discussed in a light-hearted fashion and you shouldn’t worry if you don’t know what they all mean. If you want to learn timeless investing terminology, check out our Learn app, it’s free!
Also, be warned that investing in meme stocks and those discussed on social media can be risky. This is because, most of the time, increases in stock price are not related to the company’s fundamentals so you could end up losing a lot of your money due to extreme volatility.
Investing in meme stocks is very risky, if you want access to a shortlist of market-beating stocks, MyWallSt’s got you covered. Start your free access now.
Financial Writer at MyWallSt
Nicole's favorite stock is Etsy because she loves its original and handmade items. She believes people are going to stop buying mass-produced items and start purchasing ‘one of a kind’ fashions and furnishings. In a world of sameness, Etsy has the advantage.