There's a new round of tug of war event in meme world again. $Bed Bath & Beyond(BBBY)$ $AMC Entertainment(AMC)$
Here we go again.
On 1 end, we have the institutions who are shorting the meme stocks, as well as those who seek to profit from the overvaluation of meme stocks.
On the other end, We have the retail investors who are buying up shares in troves to force a short cover rally.
The losing side will tend to call for reinforcements, and it goes on and on until 1 side loses convincingly.
The fascinating part about this tug of war isthat after each match, somehow another round starts and the matches grow more and more.
More and more players joined in.
The exciting part is, we dunno who will win until it's over.
Logically speaking, eventually actual valuations will reign supreme. The question is when.
its like playing a game of pass the bomb. The players themselves may not even be awareof when will the bomb explode.
https://www.barrons.com/amp/articles/bed-bath-beyond-bankruptcy-talks-lenders-stock-51673619876
Meme world could be profitable for the brave and lucky, however, I would rather keep away from any musical chairs or pass the bomb. My luck just ain't that gd, and I would suspect that most people's luck ain't as goodalso.
[Helpless]
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