Shyon
2023-11-30

Meme stocks are back?!

Retail traders reignite rally in GameStop shares. Retail traders powered a nearly 20% jump in GameStop shares to a two-month high in regular trading on Wednesday, extending a rally ahead of the company's quarterly results next week and underscoring a return in appetite for risk.

The recovery in meme stocks comes as the S&P 500 closes in on its highest level for 2023 on hopes U.S. interest rates have peaked, breathing life into speculative trading that has struggled this year.

Till today, about 21.6% of GameStop's shares were sold short, according to data and analytics firm Ortex, and bearish investors stand to lose about $200 million on Tuesday and Wednesday combined. Some short sellers may be concerned both by this price move but also that GameStop will release better-than-expected earnings next week. 

Personally, I think we will see a wave of meme stocks rally in short term, due to the positive market sentiment and the recent surge of GME will stimulate the meme stocks rally. For such I am bullish for the meme stocks like $GameStop(GME)$ $AMC Entertainment(AMC)$  $Grab Holdings(GRAB)$  $Sea Ltd(SE)$  $Roblox Corporation(RBLX)$  .

How do you think?

@TigerStars  @MillionaireTiger  @CaptainTiger  @TigerClub  @TigerEvents  @Tiger_comments  

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Comments

  • Marialina
    2023-12-01
    Marialina

    It's crazy to see short sellers potentially losing $200 million in just a couple days. Do you think this will lead to more short covering and higher prices for GameStop?

    • Shyon: 
      This is definitely possible, the market is crazy, it might or might not happen, hard to foresee.
  • CyrilDavy
    2023-12-01
    CyrilDavy

    I agree that positive market sentiment and the GME surge could spark a meme stock rally. Which ones are you watching closely besides GameStop?

    • Shyon: 
      Can pay attention to AMC or Vinfast
  • MyrnaNorth
    2023-12-01
    MyrnaNorth

    Wow, retail traders are really driving the GameStop rally! Do you think this momentum will continue?

    • Shyon: 
      yes retail investors can be crazy too, the momentum will eventually depends on the recent earnings result, either fly or crash hard.
  • Shyon
    2023-12-01
    Shyon
    yes retail investors can be crazy too, the momentum will eventually depends on the recent earnings result, either fly or crash hard.
    • Shyon: 
      [Victory] [Victory] [Victory]
  • Aqa
    2023-12-01
    Aqa
    Liked and shared. 👍🏻
    • Shyon: 
      alright, thanks for support hehe
  • Shyon
    2023-11-30
    Shyon
    meme maniac?! [Cool] [Cool] [Cool] [Cool] [Cool]
    • Shyon: 
      [Miser] [Miser] [Miser] risk is high
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