In this lesson we will practice vocabulary and phrases for finding a job.

Vocabulary

Match the following words/phrases to their meanings:

Volunteer
After School activities
Participated
Organizations
Experience
hiring manager
reiterating
mention
opportunity
variety of positions
Be Flexible
connections
Dress Appropriately

Wear what the interviewer will wear
Person who will decide if you fit the job
What you have done in the past
Repeating
Do something without pay
Not directly educational
Took part in
Tell someone something
A chance to do something
Groups of people with the same interest
Different kinds of jobs
People you know
Be willing to do different things

Exercise:

Pick 3 words above and create sentence for each:

wallstreetbets vocabulary

If you are following the Gamestop short squeeze, you have no doubt visited r/wallstreetbets and r/GME on Reddit. The slang and vocabulary is different to other slang used in financial English, so don't be surprised if you can't find these words in a financial English glossary. This is our guide to r/wallstreetbets slang.

But first..

What's a short squeeze?

Selling short is when a hedge fund sells a borrowed share and hopes that the price goes lower so that they can in the future buy the share at a cheaper price before returning it to its owner.

A short squeeze is something happens when a hedge fund suddenly finds that the stock they sold short is now increasing in value, and other investors are refusing to sell their shares until it reaches a very high price. This happened in 2008 when Porsche slowly bought shares in Volkswagen to protect their partner from a takeover. Porsche knew Volkswagen was shorted by hedge funds. In an annual meeting Porsche announced that they were recalling shares which a day later caused the price to skyrocket. The same thing is expected to happen with Gamestop.

Slang used on r/wallstreetbets

Vocabulary	Definition	Origin / Further explanation
Trading	Trading is making well defined profits off of price fluctuations that are less in tune with "fundamentals".
Investing	Investing is buying and holding a company for the next few months, years, etc.
Binary Events	Binary events are tradeable events like earnings reports, clinical trial outcomes, PDUFA approvals, etc.
PDUFA	PDUFA dates are deadlines for the FDA to approve new drugs.
Faggots Delight	A faggots delight is an OTM/ATM option that is close to expiry. It is unlikely to be in the money..	Faggot is slang for a male homosexual
Bagholder	There's a really smart guy who sold all his shares at the top. That smart guy sold his shares to an idiot. That idiot is a bagholder.
Bullish	Expecting the price to rise
Bearish	Expecting the price to fall
Bid Price	The maximum price a buyer is willing to pay
Ask Price	The minimum price a seller is willing to receive.
Spread	The spread is the difference between the bid and the ask.
Retard	It means you are stupid and don't know what you're doing	This is actually a very politically incorrect word meaning intellectually challenged. It is not normally used in the 21st century.
Autistic	Use autistic to describe someone that actually does due diligence and knows what they are doing	Autism is a developmental condition where someone could have very advanced mathematical or intellectual skills, but might have difficulty communicating with he outside world.
Diamond Hands ?✋	It means you never sell because you are confident in the stock. Your hands are made of diamonds
Toilet Paper Hands ?✋	You sell at the slightest red tick because you're overleveraged and are scared.
In Scrambles	When somebody has made a poor decision and is regretting it
Europoors	When the European stock markets open up and they start selling because they lack economic stimulus.
Ameririch	When US stock markets open and they buy up what Europoors sold
YOLO	$400 into GME weeklies is not a YOLO. A YOLO should be atleast 4 digits and represent 98-100% of your account
$ROPE	What you buy when you make a poor decision
Smooth Brain	The grooves in your brain determines your intelligence. To have a smooth brain means to have no grooves which means you're retarded.
FOMO	Fear Of Missing Out
Guh	when you account goes from $4000 to $0 in 30 seconds
DD	Due Diligence - it means doing your homework on a specific stock or the overall market
BTFD	Buy the f***ing dip
Tendies	Profits from selling	Short for chicken tenders
Mooning ???	Either means a stock went up 0.05% or 600%
Drilling	Either means a stock went down -0.05% or -50%
"We like the stock"	Meme popularized by Jim Cramer when he tried to (badly) imitate Wallstreetbets users	Jim Cramer is a presenter on CNBC, a news channel that broadcasts heavily biased market information sponsored by hedge funds and market makers.
SEC	Stock market police	The Securities and Exchange Commission
Gay bears ??	People who are happy when stocks go down
Bulls / Big Dongus Crew ?	People who are happy when stocks go up	Dongus is slang for penis.
Silver Surfers ?	People that invest in silver commodity
Pajama Traders	People who trade futures or those that trade premarket	Pajamas (USA) or pyjamas (UK) are clothes worn for sleeping.
Ladder attack	Hitting the bids, algo trading, High Frequency Trading	A computer programme offers fractionally lower and lower prices to artificially lower a shares price. It is another type of shorting a stock.
Melvin	Melvin Capital is a hedge fund managed by Gabriel Plotkin	Melvin made a bad decision to short sell $GME.
Citadel	Citadel Securities is a market maker owned by Kenneth Griffin.	Citadel is a market maker under investigation by the SEC for being engaged in dishonest market practices, eg paying for order flow, trading in dark pools etc.

There is a lot that can be learned about Financial English by following the Gamestop short squeeze. For more join one of our courses, or call +852 81799295 for more information.

IELTS Listening – if you are planning on studying at an overseas university you will encounter many different types of accent. The IELTS listening test is designed to reflect these kind of real life situations. Be aware that you need to be able to comprehend speakers with many different types of accent.

For more information about BEHK's IELTS preparation courses please visit https://businessenglish.com.hk/ielts. You can arrange a consultation with an experienced IELTS teacher and join the mailing list for free advice about learning English for academic and professional purposes.

IELTS Listening – BEHK's IELTS course will introduce you to many different ways to describe things in detail, for example by shape, size, texture, material, or age etc. Build your vocabulary as much as possible so you can perform well in the listening test.

IELTS Writing – In the General Training module of the Writing test you will need to write a 150 word letter and in the second part write 250 words on a given topic. Use your time wisely as you only have 60 minutes.

IELTS Reading – In the IELTS Reading Test it is important to skim through the text and predict the kind of questions that could be asked. This will help you orient yourself to the test. For example, what is the text about, why was it written, who is the intended reader, what kind of text is it?

IELTS Writing – In the Academic version of the writing module you may also be asked to describe trends and patterns which take place over a long period of time. Your BEHK IELTS teacher will teach you vocabulary to describe these trends and patterns in English.

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Finding a job

r/wallstreetbets vocabulary

What's a short squeeze?

Slang used on r/wallstreetbets

IELTS Quick Tip - Become familiar with a wide range of accents

IELTS Quick Tip - Learn how to describe things in detail

IELTS Quick Tip - Use your time wisely

IELTS Quick Tip - Skim read to orient yourself with the test

IELTS Quick Tip - Learn to describe trends and patterns

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