The meme madness serves mostly

The meme madness serves mostly for profits. While astronomical gains is possible, it is likely going to happen for a minority of the investors/traders.

Invest in companies you believe in with proper research in the fundamentals and financials. That is what I aim to do.

Of course, not feeling good if I can't get the gains in the meme madness but will sleep more easily if my investment is in the red but in companies I believe in.

Riding the Roaring Kitty Roller Coaster: Why GameStop and AMC Meme Madness Is an "Outlier Event"

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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While astronomical gains is possible, it is likely going to happen for a minority of the investors/traders.</p>\n<p>Invest in companies you believe in with proper research in the fundamentals and financials. That is what I aim to do.</p>\n<p>Of course, not feeling good if I can't get the gains in the meme madness but will sleep more easily if my investment is in the red but in companies I believe in.</p></body></html>","htmlText":"<html><head></head><body><p>The meme madness serves mostly for profits. While astronomical gains is possible, it is likely going to happen for a minority of the investors/traders.</p>\n<p>Invest in companies you believe in with proper research in the fundamentals and financials. That is what I aim to do.</p>\n<p>Of course, not feeling good if I can't get the gains in the meme madness but will sleep more easily if my investment is in the red but in companies I believe in.</p></body></html>","text":"The meme madness serves mostly for profits. While astronomical gains is possible, it is likely going to happen for a minority of the investors/traders. Invest in companies you believe in with proper research in the fundamentals and financials. That is what I aim to do. Of course, not feeling good if I can't get the gains in the meme madness but will sleep more easily if my investment is in the red but in companies I believe in.","highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/307169164283928","repostId":2436929550,"repostType":4,"repost":{"id":"2436929550","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1715989534,"share":"https://www.laohu8.com/m/news/2436929550?lang=&edition=full","pubTime":"2024-05-18 07:45","market":"other","language":"en","title":"Riding the Roaring Kitty Roller Coaster: Why GameStop and AMC Meme Madness Is an \"Outlier Event\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2436929550","media":"Dow Jones","summary":"Shares of GameStop Corp. and AMC Entertainment Holdings Inc. soared this week after trader Keith Gill, also known as \"Roaring Kitty,\" made his eye-catching return to social media after a three-year hi","content":"<html><head></head><body><p>Shares of GameStop Corp. and AMC Entertainment Holdings Inc. soared this week after trader Keith Gill, also known as &#34;Roaring Kitty,&#34; made his eye-catching return to social media after a three-year hiatus.</p><p>Gill was an influential figure in the meme-stock frenzy in 2021, and his flurry of posts on X - known as Twitter when Roaring Kitty burst into the stock-market spotlight - thrust GameStop <a href=\"https://laohu8.com/S/GME\">$(GME)$</a> and AMC <a href=\"https://laohu8.com/S/AMC\">$(AMC)$</a> to center stage once again.</p><p>Other heavily shorted stocks - including <a href=\"https://laohu8.com/S/SPWRV\">SunPower Corp</a>. <a href=\"https://laohu8.com/S/SPWR\">$(SPWR)$</a>, <a href=\"https://laohu8.com/S/MAXN\">Maxeon Solar Technologies Ltd</a>. (MAXN), <a href=\"https://laohu8.com/S/HOLO\">MicroCloud Hologram Inc.</a> (HOLO), Children&#39;s Place Inc. <a href=\"https://laohu8.com/S/PLCE\">$(PLCE)$</a>, Beyond Meat Inc. <a href=\"https://laohu8.com/S/BYND\">$(BYND)$</a>, <a href=\"https://laohu8.com/S/SAVE\">Spirit Airlines</a> Inc. <a href=\"https://laohu8.com/S/SAVE.AU\">$(SAVE.AU)$</a> and Plug Power Inc. <a href=\"https://laohu8.com/S/PLUG\">$(PLUG)$</a> - were also swept up in the latest meme-stock wave.</p><p>&#34;It felt as though the market briefly took a trip back to 2021 this week after GameStop shares traded up as high as 119% on Monday morning, based on a single tweet posted by Keith Gill (a.k.a. Roaring Kitty), the infamous central figure of the 2021 meme-stock frenzy,&#34; CIBC Capital Markets analyst Stephanie Price wrote in a note published Thursday. &#34;Rising interest rates had cooled the meme-stock craze over the last two years, and until now, Mr. Gill&#39;s Twitter account had been silent since his 2021 testimony to Congress.&#34;</p><p>&#34;The moves this week have left many wondering if Roaring Kitty&#39;s return to social media is a signal that retail traders are eyeing struggling companies and heavily shorted stocks once again,&#34; she added.</p><p>Related: These behavioral trends drove the GameStop and AMC meme-stock rally</p><p>Victor Ricciardi, a visiting finance professor at Ursinus College and co-author of the book &#34;Advanced Introduction to Behavioral Finance,&#34; told MarketWatch that he was fascinated by this week&#39;s events, if not surprised. &#34;Human behavior has a tendency to repeat itself,&#34; he said.</p><p>But Ricciardi added that the scope of this week&#39;s meme-stock rally should not be overestimated. &#34;It&#39;s not a real economic event for the average investor - that&#39;s why I would hate to call it a bubble,&#34; he explained. &#34;It&#39;s not a bubble affecting the overall market; it&#39;s more of an overreaction or an outlier event that&#39;s concentrated on a small group of investors.&#34;</p><p>After surging on Monday and Tuesday, shares of GameStop pared back their gains beginning Wednesday, before ending Thursday&#39;s session down 30% and falling further by 19.7% on Friday. GameStop shares are down 54.4% over the last three trading sessions, registering their worst three-day stretch since the period ending Feb. 4, 2021, when they fell 76.22%, Dow Jones Market Data show.</p><p>Shares of AMC have followed a similar trajectory this week. After skyrocketing on Monday and Tuesday, the stock tumbled on Wednesday and Thursday and ended Friday&#39;s session down 5.2%.</p><p>A number of experts have weighed in on the meme-stock rally this week. Dan Raju, chief executive of cloud-based financial-services provider Tradier, deemed GameStop&#39;s run-up as a &#34;short-term baseless frenzy&#34; on Monday, while Cory Mitchell, an analyst at investing-information website Trading.biz, described the AMC trade as &#34;just pure hype&#34; on Wednesday. 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(MAXN), <a href=\"https://laohu8.com/S/HOLO\">MicroCloud Hologram Inc.</a> (HOLO), Children&#39;s Place Inc. <a href=\"https://laohu8.com/S/PLCE\">$(PLCE)$</a>, Beyond Meat Inc. <a href=\"https://laohu8.com/S/BYND\">$(BYND)$</a>, <a href=\"https://laohu8.com/S/SAVE\">Spirit Airlines</a> Inc. <a href=\"https://laohu8.com/S/SAVE.AU\">$(SAVE.AU)$</a> and Plug Power Inc. <a href=\"https://laohu8.com/S/PLUG\">$(PLUG)$</a> - were also swept up in the latest meme-stock wave.</p><p>&#34;It felt as though the market briefly took a trip back to 2021 this week after GameStop shares traded up as high as 119% on Monday morning, based on a single tweet posted by Keith Gill (a.k.a. Roaring Kitty), the infamous central figure of the 2021 meme-stock frenzy,&#34; CIBC Capital Markets analyst Stephanie Price wrote in a note published Thursday. &#34;Rising interest rates had cooled the meme-stock craze over the last two years, and until now, Mr. Gill&#39;s Twitter account had been silent since his 2021 testimony to Congress.&#34;</p><p>&#34;The moves this week have left many wondering if Roaring Kitty&#39;s return to social media is a signal that retail traders are eyeing struggling companies and heavily shorted stocks once again,&#34; she added.</p><p>Related: These behavioral trends drove the GameStop and AMC meme-stock rally</p><p>Victor Ricciardi, a visiting finance professor at Ursinus College and co-author of the book &#34;Advanced Introduction to Behavioral Finance,&#34; told MarketWatch that he was fascinated by this week&#39;s events, if not surprised. &#34;Human behavior has a tendency to repeat itself,&#34; he said.</p><p>But Ricciardi added that the scope of this week&#39;s meme-stock rally should not be overestimated. &#34;It&#39;s not a real economic event for the average investor - that&#39;s why I would hate to call it a bubble,&#34; he explained. &#34;It&#39;s not a bubble affecting the overall market; it&#39;s more of an overreaction or an outlier event that&#39;s concentrated on a small group of investors.&#34;</p><p>After surging on Monday and Tuesday, shares of GameStop pared back their gains beginning Wednesday, before ending Thursday&#39;s session down 30% and falling further by 19.7% on Friday. GameStop shares are down 54.4% over the last three trading sessions, registering their worst three-day stretch since the period ending Feb. 4, 2021, when they fell 76.22%, Dow Jones Market Data show.</p><p>Shares of AMC have followed a similar trajectory this week. After skyrocketing on Monday and Tuesday, the stock tumbled on Wednesday and Thursday and ended Friday&#39;s session down 5.2%.</p><p>A number of experts have weighed in on the meme-stock rally this week. Dan Raju, chief executive of cloud-based financial-services provider Tradier, deemed GameStop&#39;s run-up as a &#34;short-term baseless frenzy&#34; on Monday, while Cory Mitchell, an analyst at investing-information website Trading.biz, described the AMC trade as &#34;just pure hype&#34; on Wednesday. The rally also sparked memories of the &#34;gamification&#34; of trading during the meme-stock heyday of 2021.</p><p>There was a twist in the week&#39;s events Friday morning when GameStop delivered a quarterly profit and sales warning while filing to issue more shares. Analyst firm Wedbush Securities viewed the share issuance positively and raised its GameStop price target on Friday to $7, from $5.60.</p><p>&#34;When life gives you lemons, file a shelf,&#34; wrote Wedbush analyst Michael Pachter in a note. &#34;GameStop is capitalizing on a recent spike in share price by prudently issuing shares at a premium, providing itself a greater level of reserves while it struggles to refocus its business and reverse continuing operating losses.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HOLO":"MicroCloud Hologram Inc.","BK4008":"航空公司","SPWR":"SunPower","BK4108":"电影和娱乐","BK4585":"ETF&股票定投概念","LU0823414478.USD":"法巴经典能源转换基金","MAXN":"Maxeon Solar Technologies Ltd","BK7063":"纸材料包装","PLUG":"普拉格能源","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4577":"网络游戏","LU1548497426.USD":"安联环球人工智能AT Acc","BK4588":"碎股","AMC":"AMC院线","BK4141":"半导体产品","BK4500":"航空公司","BK4076":"电脑与电子产品零售","BK4519":"光伏太阳能","BK4094":"服装零售","BK4547":"WSB热门概念","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","SAVE":"Spirit Airlines","BYND":"Beyond Meat, Inc.","BK4096":"电气部件与设备","PLCE":"儿童之家","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","BK4548":"巴美列捷福持仓","BK4541":"氢能源","GME":"游戏驿站","BK4023":"应用软件","BK4212":"包装食品与肉类","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2436929550","content_text":"Shares of GameStop Corp. and AMC Entertainment Holdings Inc. soared this week after trader Keith Gill, also known as \"Roaring Kitty,\" made his eye-catching return to social media after a three-year hiatus.Gill was an influential figure in the meme-stock frenzy in 2021, and his flurry of posts on X - known as Twitter when Roaring Kitty burst into the stock-market spotlight - thrust GameStop $(GME)$ and AMC $(AMC)$ to center stage once again.Other heavily shorted stocks - including SunPower Corp. $(SPWR)$, Maxeon Solar Technologies Ltd. (MAXN), MicroCloud Hologram Inc. (HOLO), Children's Place Inc. $(PLCE)$, Beyond Meat Inc. $(BYND)$, Spirit Airlines Inc. $(SAVE.AU)$ and Plug Power Inc. $(PLUG)$ - were also swept up in the latest meme-stock wave.\"It felt as though the market briefly took a trip back to 2021 this week after GameStop shares traded up as high as 119% on Monday morning, based on a single tweet posted by Keith Gill (a.k.a. Roaring Kitty), the infamous central figure of the 2021 meme-stock frenzy,\" CIBC Capital Markets analyst Stephanie Price wrote in a note published Thursday. \"Rising interest rates had cooled the meme-stock craze over the last two years, and until now, Mr. Gill's Twitter account had been silent since his 2021 testimony to Congress.\"\"The moves this week have left many wondering if Roaring Kitty's return to social media is a signal that retail traders are eyeing struggling companies and heavily shorted stocks once again,\" she added.Related: These behavioral trends drove the GameStop and AMC meme-stock rallyVictor Ricciardi, a visiting finance professor at Ursinus College and co-author of the book \"Advanced Introduction to Behavioral Finance,\" told MarketWatch that he was fascinated by this week's events, if not surprised. \"Human behavior has a tendency to repeat itself,\" he said.But Ricciardi added that the scope of this week's meme-stock rally should not be overestimated. \"It's not a real economic event for the average investor - that's why I would hate to call it a bubble,\" he explained. \"It's not a bubble affecting the overall market; it's more of an overreaction or an outlier event that's concentrated on a small group of investors.\"After surging on Monday and Tuesday, shares of GameStop pared back their gains beginning Wednesday, before ending Thursday's session down 30% and falling further by 19.7% on Friday. GameStop shares are down 54.4% over the last three trading sessions, registering their worst three-day stretch since the period ending Feb. 4, 2021, when they fell 76.22%, Dow Jones Market Data show.Shares of AMC have followed a similar trajectory this week. After skyrocketing on Monday and Tuesday, the stock tumbled on Wednesday and Thursday and ended Friday's session down 5.2%.A number of experts have weighed in on the meme-stock rally this week. Dan Raju, chief executive of cloud-based financial-services provider Tradier, deemed GameStop's run-up as a \"short-term baseless frenzy\" on Monday, while Cory Mitchell, an analyst at investing-information website Trading.biz, described the AMC trade as \"just pure hype\" on Wednesday. The rally also sparked memories of the \"gamification\" of trading during the meme-stock heyday of 2021.There was a twist in the week's events Friday morning when GameStop delivered a quarterly profit and sales warning while filing to issue more shares. Analyst firm Wedbush Securities viewed the share issuance positively and raised its GameStop price target on Friday to $7, from $5.60.\"When life gives you lemons, file a shelf,\" wrote Wedbush analyst Michael Pachter in a note. \"GameStop is capitalizing on a recent spike in share price by prudently issuing shares at a premium, providing itself a greater level of reserves while it struggles to refocus its business and reverse continuing operating losses.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":110,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":354,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/307169164283928"}