6 May 2024: Meme stocks back in favour?

Hopehope赋予希望

GameStop is up over 60 percent from April 2024 low of 9.95 USD. This happens in less than a month and indicates that retail traders are back with vengeance by playing up GameStop, the meme stock popularised back in late 2020 to early 2021.

Personally, I do not punt in meme stocks as there are too many variables out of my control. It's basically a movement that to a certain extent "exaggerated" by retail traders' magnified emotions.

But if one still wants to have a better chance, I would have invested in online brokers, which have an indirect participation in this up movement (significant), if any. Why?

There will be a higher volume of stocks traded and with that, the commission driven model of online brokers will likely surge and inflow of capital will also happen at the same time.

For me, online brokers include Tiger Brokers, Robinhood, etc. I personally prefer Tiger Brokers though there is risk in this counter.

As always, this should not be construed as any investment or trading advice.

$Tiger Brokers(TIGR)$ $Robinhood(HOOD)$ $GameStop(GME)$ $iShares Russell 2000 ETF(IWM)$ $NVIDIA Corp(NVDA)$

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Jim1995
05-06
Jim1995
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This happens in less than a month and indicates that retail traders are back with vengeance by playing up GameStop, the meme stock popularised back in late 2020 to early 2021.</p>\n<p>Personally, I do not punt in meme stocks as there are too many variables out of my control. It's basically a movement that to a certain extent \"exaggerated\" by retail traders' magnified emotions.</p>\n<p>But if one still wants to have a better chance, I would have invested in online brokers, which have an indirect participation in this up movement (significant), if any. Why?</p>\n<p>There will be a higher volume of stocks traded and with that, the commission driven model of online brokers will likely surge and inflow of capital will also happen at the same time.</p>\n<p>For me, online brokers include Tiger Brokers, Robinhood, etc. I personally prefer Tiger Brokers though there is risk in this counter.</p>\n<p>As always, this should not be construed as any investment or trading advice.</p>\n<p><br></p>\n<p><a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$ </a>&nbsp;<a href=\"https://ttm.financial/S/HOOD\">$Robinhood(HOOD)$ </a>&nbsp;<a href=\"https://ttm.financial/S/GME\">$GameStop(GME)$ </a>&nbsp;<a href=\"https://ttm.financial/S/IWM\">$iShares Russell 2000 ETF(IWM)$ </a>&nbsp;<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a>&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>GameStop is up over 60 percent from April 2024 low of 9.95 USD. This happens in less than a month and indicates that retail traders are back with vengeance by playing up GameStop, the meme stock popularised back in late 2020 to early 2021.</p>\n<p>Personally, I do not punt in meme stocks as there are too many variables out of my control. It's basically a movement that to a certain extent \"exaggerated\" by retail traders' magnified emotions.</p>\n<p>But if one still wants to have a better chance, I would have invested in online brokers, which have an indirect participation in this up movement (significant), if any. Why?</p>\n<p>There will be a higher volume of stocks traded and with that, the commission driven model of online brokers will likely surge and inflow of capital will also happen at the same time.</p>\n<p>For me, online brokers include Tiger Brokers, Robinhood, etc. I personally prefer Tiger Brokers though there is risk in this counter.</p>\n<p>As always, this should not be construed as any investment or trading advice.</p>\n<p><br></p>\n<p><a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$ </a>&nbsp;<a href=\"https://ttm.financial/S/HOOD\">$Robinhood(HOOD)$ </a>&nbsp;<a href=\"https://ttm.financial/S/GME\">$GameStop(GME)$ </a>&nbsp;<a href=\"https://ttm.financial/S/IWM\">$iShares Russell 2000 ETF(IWM)$ </a>&nbsp;<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a>&nbsp;</p></body></html>","text":"GameStop is up over 60 percent from April 2024 low of 9.95 USD. 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