Interactive Brokers founder: Don't short AMC, meme stocks — they can soar to 'unimaginable highs'-To The Moon - Tiger Brokers Online Investing Community

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Interactive Brokers founder: Don't short AMC, meme stocks — they can soar to 'unimaginable highs'

cnbc2021-06-07

KEY POINTSShort sellers should "resist the temptation" to bet against meme stocks like AMC Entertainment, Interactive Brokers' Thomas Peterffy told CNBC on Monday."These prices can go to unimaginable ...

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CT2796
·2021-06-08
Good sharing
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chekiosi
·2021-06-08
cool
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Dsd
·2021-06-08
Avoid meme stocks
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暴风里的鸡蛋壳
·2021-06-08
ok
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- Mando88:
  [汗颜] [汗颜]
  2021-06-08
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- 1Robo:
  good advice
  2021-06-08
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DiamondApe
·2021-06-08
Bb be strong
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- Ag1718:
  Just take a Rest .
  Reply back . thanKs
  2021-06-08
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Lucky997
·2021-06-08
Nice
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胖虎宝宝
·2021-06-07
?
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JO87
·2021-06-07
Agree!!!
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am_newbie
·2021-06-07
Take the advice apes!!! Be a diamond hands!
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TeckLee
·2021-06-07
開頭講不要做空結尾講不要做多==
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The stock has gained about 2,500% in 2021.\"On the long term, stocks always approach their fundamental values, which in this case is much, much lower,\" Peterffy said, acknowledging that's why short-sellers see an opportunity in certain stocks such as AMC that have soared in price after becoming favored by Reddit traders.Shorting a stock is a bearish strategy in which an investor borrows shares and then promptly sell them, expecting the price to fall. When that happens, the short-seller buys back the stock at its lower level and returns the borrowed number of shares, profiting off the difference. If the opposite transpires, a short may try to limit their losses by buying back the stock at higher prices.Peterffy's comments aftera wild week of tradingin AMC and a few other companies such asBed Bath & Beyond andBlackBerry. WhileGameStopattracted the most attention in the epic WallStreetBets' short squeeze in January, when the Reddit-driven trading frenzy first took hold, AMC has seen its profile — and share price —rise in recent weeks.The movie theater chain, which was hit hard by the Covid pandemic, has taken advantage of the retail investor enthusiasm byselling additional shares to raise money. AMC also haslaunched initiatives targeted at its retail investors, such as exclusive screenings.Despite AMC's efforts, Peterffy said the company still has a challenging road ahead to justify its valuation and suggested long investors who want to buy and hold the stock should stay away, too.\"If you're willing to sit there and hold a stock at $200, $300, $400 a share that keeps making no money ... it's impossible that these prices can hold up at that level because more and more people will be short it,\" he said.\"Eventually these stocks will go back to their value which is roughly single-digit dollars, even if that,\" he added. \"On the long run, the longs will lose their money, So while you may try to catch a sudden drift upward as a trader, I would recommend against being long on these stocks.\"","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":117318822,"gmtCreate":1623116752566,"gmtModify":1704196396136,"author":{"id":"3582435310983437","authorId":"3582435310983437","name":"CT2796","avatar":"https://static.tigerbbs.com/b30ad5c6f9f3bc2a7a51bc3ecfa7199e","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3582435310983437","authorIdStr":"3582435310983437"},"htmlText":"Good sharing","listText":"Good sharing","text":"Good 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meme stocks","listText":"Avoid meme stocks","text":"Avoid meme 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[汗颜]","text":"[汗颜] [汗颜]","html":"[汗颜] [汗颜]"},{"id":4624634,"gmtCreate":1623112996398,"gmtModify":1663228158927,"authorId":3581571479581183,"author":{"id":3581571479581183,"idStr":"3581571479581183","authorId":3581571479581183,"name":"1Robo","avatar":"https://static.tigerbbs.com/d6d78c3153b562ef72e04f138b8a4f8a","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":114426728,"type":1,"supId":0,"prevId":0,"content":"good advice","text":"good advice","html":"good advice"}],"langContent":"EN"},{"id":114466344,"gmtCreate":1623089808988,"gmtModify":1704195873429,"author":{"id":"3585281435113987","authorId":"3585281435113987","name":"DiamondApe","avatar":"https://static.tigerbbs.com/cc9cf3ffa370b6feb0750e4ea02bd3f1","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3585281435113987","authorIdStr":"3585281435113987"},"htmlText":"Bb be strong","listText":"Bb be strong","text":"Bb be strong","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/114466344","repostId":1130688586,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4622237,"gmtCreate":1623107181268,"gmtModify":1663228149739,"authorId":3582350348015234,"author":{"id":3582350348015234,"idStr":"3582350348015234","authorId":3582350348015234,"name":"Ag1718","avatar":"https://community-static.tradeup.com/news/7b99db6dd9dd4eaa84bd8baf04aad0b9","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":114466344,"type":1,"supId":0,"prevId":0,"content":"Just take a Rest .\n<br>Reply back . thanKs","text":"Just take a Rest .\n<br>Reply back . thanKs","html":"Just take a Rest .\n<br>Reply back . thanKs"}],"langContent":"EN"},{"id":114460401,"gmtCreate":1623088804803,"gmtModify":1704195867595,"author":{"id":"3583134156550772","authorId":"3583134156550772","name":"Lucky997","avatar":"https://static.tigerbbs.com/d479af33dd70e9e201e6800dd057b2a7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3583134156550772","authorIdStr":"3583134156550772"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/114460401","repostId":1130688586,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":114536891,"gmtCreate":1623078946713,"gmtModify":1704195696168,"author":{"id":"3570422292303429","authorId":"3570422292303429","name":"胖虎宝宝","avatar":"https://static.tigerbbs.com/2e46136ec0a6bee3b2da277c7ec77409","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3570422292303429","authorIdStr":"3570422292303429"},"htmlText":"?&nbsp;","listText":"?&nbsp;","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/114536891","repostId":1130688586,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":114597612,"gmtCreate":1623078709736,"gmtModify":1704195688326,"author":{"id":"3558095729342725","authorId":"3558095729342725","name":"JO87","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3558095729342725","authorIdStr":"3558095729342725"},"htmlText":"Agree!!!","listText":"Agree!!!","text":"Agree!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/114597612","repostId":1130688586,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":114594345,"gmtCreate":1623078662587,"gmtModify":1704195686686,"author":{"id":"3581583457456048","authorId":"3581583457456048","name":"am_newbie","avatar":"https://static.tigerbbs.com/3c64d4645f1b2cfc8d02bf88edb7de59","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581583457456048","authorIdStr":"3581583457456048"},"htmlText":"Take the advice apes!!! Be a diamond hands!&nbsp;","listText":"Take the advice apes!!! Be a diamond hands!&nbsp;","text":"Take the advice apes!!! Be a diamond hands!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/114594345","repostId":1130688586,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":114227763,"gmtCreate":1623076502852,"gmtModify":1704195619733,"author":{"id":"3578827310462867","authorId":"3578827310462867","name":"TeckLee","avatar":"https://static.tigerbbs.com/a14b042b91ec43916bc16b7839e39ed2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578827310462867","authorIdStr":"3578827310462867"},"htmlText":"開頭講不要做空結尾講不要做多==","listText":"開頭講不要做空結尾講不要做多==","text":"開頭講不要做空結尾講不要做多==","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/114227763","repostId":1130688586,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":32,"commentSize":10,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}