Meme stocks & all that jazz

KoryoDragon
2021-09-01

$Vinco Ventures, Inc.(BBIG)$$Support.com(SPRT)$$AMC Entertainment(AMC)$

I'm a newbie in this space.. My 1st time buying stocks/shares was via a phone call to my broker.. (Oops, that kinda revealed my age ?) You can easily conclude I'm not a digital native & I wasn't born into an environment that has smart phones/tablets..

That said, I am in a unique position to have this perspective between "old school" and what is available to investors now. Cheaper/lower commission fee aside, it's the wealth of information (& possibly misinformation) made available and complete control given to retail investors on an app like Tiger is what impressed the hell out of me. The power unleashed through empowerment of this magnitude is not to be underestimated..

So, what about meme stocks? Spreading of information & misinformation via all sorts of social media platforms is another force to be reckon with. Observing this phenomenon first hand recently left me awe struck. Back in the days, so called "syndicates" cornered stocks and drove up the prices as well, but they didn't have powerful tools like present time. Take some time to understand and appreciate this fact and it can make a difference to your trading journey.

However, be VERY MINDFUL of letting greed getting the better of you.. There is a huge difference between value investing vs speculation, getting them confused can be costly & painful.

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.

Comments

  • W8ing4miracl
    2021-09-02
    W8ing4miracl
    Korkor , This one not meme stock i think You should read the DD’s and research more .


    Its blatant business, high shorts low volume stupid HF didnt know abt merger decision = forced to close
    • KoryoDragon
      I read a lot about what u mentioned. It's starting get that "meme label".. But I do respect your perspective buddy
  • plain_paper
    2021-09-02
    plain_paper
    yeah, read the DD, there are technical reasons for this to happen. previously these info is not accessible.
    • KoryoDragonReplyW8ing4miracl
      [抱拳] We share info, learn together AND make $$$ TOGETHER! 发呀!
    • W8ing4miracl
      Korkor u Very Cool, hit the right buttons.


      Yes , OP check it out. its really good, 88-93% short intErest small float shares are rare, and reverse merger cAusing shorts to be force closed = $$$
  • Chris68
    2021-09-03
    Chris68
    Read this article: AMC Fails to Deliver Up 1088% in Latest Data https://tremendous.blog/2021/09/01/amc-fails-to-deliver-up-1088-in-latest-data/
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