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- ps33ps33
  ·2023-12-22
  Great ariticle, would you like to share it?
  3 Miserable Meme Stocks to Sell While You Still Can
  For multiple fundamental reasons, these three meme stocks to sell are a heavy lift for retail traders and investors.
  3 Miserable Meme Stocks to Sell While You Still Can
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- ps33ps33
  ·2022-01-27
  $UMS HOLDINGS LIMITED(558.SI)$ai yo! wat happened[Facepalm]
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- ps33ps33
  ·2021-09-20
  $SEMBCORP INDUSTRIES LTD(U96.SI)$rubbish stock?‍♀️
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- ps33ps33
  ·2021-09-20
  $YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$why keep falling?
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- ps33ps33
  ·2021-09-20
  $Alibaba(09988)$when all this rubbish going to stop?
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- ps33ps33
  ·2021-09-20
  $XIAOMI-W(01810)$wats happening,ai yo?
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- ps33ps33
  ·2021-09-17
  $UMS HOLDINGS LIMITED(558.SI)$why this counter never shot up? Still ding dong in the 1.7x?‍♀️
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disappointment. </p></li><li><p><strong>GameStop </strong>(<strong><u>GME</u></strong>): The company is embarking on a new strategy that is unlikely to change the trajectory of GME stock. </p></li><li><p><strong>AMC Entertainment </strong>(<strong><u>AMC</u></strong>): Despite a string of blockbusters, revenue is still below 2019 levels.  </p></li><li><p><strong><a href=\"https://laohu8.com/S/MULN\">Mullen Automotive</a></strong> (<strong><u>MULN</u></strong>): Three reverse stock splits in one calendar year tells investors all they need to know. </p></li></ul><p>For many investors, 2023 was a time to take risk off the table. However, the recent musings by Federal Reserve chair Jerome Powell have investors going to sleep with visions of rate cuts dancing in their heads. If you’re looking to put some capital to work in the market, meme stocks could be a popular choice.  However, there are several meme stocks to sell that are quickly burying themselves.</p><p>It’s understandable. However, many stocks are cheap for a reason, and that’s the case with many meme stocks. When you combine that with lackluster revenue and/or earnings growth (if the company is profitable at all), and negative analyst sentiment and these meme stocks become a heavy lift for retail traders and investors.  </p><p>This is the time of year for tax-loss harvesting. Also, while it’s also a season of peace and goodwill, that doesn’t mean you have to sit on losses. If you own any of the three meme stocks below you can sell them before the close of trading on December 29, 2023. If you still like them on Groundhog’s Day you can buy them back. Chances are they won’t have gone anywhere.  </p><h2 id=\"id_3669352512\">GameStop (GME)</h2><p><strong>GameStop</strong> (NYSE: <strong><u>GME</u></strong>) is really two stocks with two different stories. On the one hand, you have GameStop which is the Blockbuster Video of video game stocks. It has an outdated, and dying, business model. Most games, and certainly the most popular titles, are available via digital downloads. </p><p>Then you have GME stock, the OG among the meme stocks and slayer of hedge funds. Since its epic short squeeze in 2021, GameStop has never been able to relive its past glory, but that doesn’t stop investors from trying. </p><p>The company is relatively debt free, approaching positive earnings, and is sitting on a pile of cash. That can keep this cat-and-mouse game going for awhile. But ultimately, investors have to ask where the growth will come from.  </p><p>GameStop’s board of directors approved a plan in which the company—and specifically CEO Ryan Cohen—can invest in equity securities, among other investments. Put me down in the skeptical category. Besides, as Wedbush notes, the board seems to believe that the company can achieve better results by investing in other companies instead of their own.  </p><p>It’s an odd bet, and one that could, in theory, pay off. However, that doesn’t mean you can’t wait until Mr. Cohen proves himself.  </p><h2 id=\"id_1674028058\">AMC Entertainment (AMC) </h2><p><strong>AMC Entertainment</strong> (NYSE: <strong><u>AMC</u></strong>) is another of the meme stocks that is struggling to reclaim its past glory. Prior to 2020, attendance at movie theaters was in decline. I mention that because despite several blockbuster movies in 2023, AMC reported that attendance is still not at 2019 levels.  </p><p>The company recently completed a $350 million at-the-market offering. It used part of the proceeds from the offering to shave off about $62 million in debt. It still leaves the company with approximately $4.4 billion in debt to manage through. Also, the amount of debt exceeds its market value by a wide margin.  </p><p>However, let’s be clear. This remains a revenue story first and foremost. While the company’s situation isn’t as dire as that of GameStop, it’s still an issue.  </p><p>For example, in its just completed quarter, the company generated revenue of $1.4 billion. That was after a quarter with several blockbuster movies such as <em>Oppenheimer</em>, <em>Barbie</em>, and <em>Taylor Swift: The Eras Tour</em>. It was a solid year-over-year gain.  </p><p>However, as my <em>InvestorPlace</em> colleague Marc Guberti points out that revenue was against soft comparisons to the prior year. Also, with many releases delayed due to the (now resolved) writer’s and actor’s strike, it will be hard pressed to repeat those numbers. </p><p>Anecdotally, many people still attend movies. Factually, not enough of them are attending to make AMC stock a buy.  </p><h2 id=\"id_2459315799\">Mullen Automotive (MULN) </h2><p>Investors in <strong>Mullen Automotive</strong> (NASDAQ: <strong><u>MULN</u></strong>) are finding out that making electric vehicles is a cash-intensive business. In fact, by now they’re tired of hearing about it. However, that’s exactly what they heard on Dec. 19.  </p><p>In a letter to shareholders, CEO David Michery announced the company’s plans to institute a 1-for-100 reverse stock split. The split was approved at a special meeting of shareholders. The move was done largely to prevent MULN stock from being delisted on the Nasdaq exchange.  </p><p>Fair enough, but this is the third reverse stock split the company will execute this year. Also, the third time may not be the charm because Michery has made it clear that the company still needs to raise cash to get through next year. Granted, that will be easier if it remains on the Nasdaq. However, without a clear path to consistent revenue, let alone, profit, MULN stock is one to avoid. This and the other meme stocks to sell we mentioned should be avoided like the plague.</p></body></html>","source":"investorplace_stock_picks","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Miserable Meme Stocks to Sell While You Still Can</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Miserable Meme Stocks to Sell While You Still Can\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-22 23:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/12/3-meme-stocks-that-you-should-sell-before-january/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors going back for another bite of these meme stocks are likely to face more disappointment. GameStop (GME): The company is embarking on a new strategy that is unlikely to change the trajectory ...</p>\n\n<a href=\"https://investorplace.com/2023/12/3-meme-stocks-that-you-should-sell-before-january/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MULN":"Mullen Automotive","BK4577":"网络游戏","BK4108":"电影和娱乐","AMC":"AMC院线","BK4547":"WSB热门概念","BK4585":"ETF&股票定投概念","BK4099":"汽车制造商","BK4588":"碎股","BK4076":"电脑与电子产品零售","GME":"游戏驿站","APE":"AMC Entertainment Preferred"},"source_url":"https://investorplace.com/2023/12/3-meme-stocks-that-you-should-sell-before-january/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2393144248","content_text":"Investors going back for another bite of these meme stocks are likely to face more disappointment. GameStop (GME): The company is embarking on a new strategy that is unlikely to change the trajectory of GME stock. AMC Entertainment (AMC): Despite a string of blockbusters, revenue is still below 2019 levels.  Mullen Automotive (MULN): Three reverse stock splits in one calendar year tells investors all they need to know. For many investors, 2023 was a time to take risk off the table. However, the recent musings by Federal Reserve chair Jerome Powell have investors going to sleep with visions of rate cuts dancing in their heads. If you’re looking to put some capital to work in the market, meme stocks could be a popular choice.  However, there are several meme stocks to sell that are quickly burying themselves.It’s understandable. However, many stocks are cheap for a reason, and that’s the case with many meme stocks. When you combine that with lackluster revenue and/or earnings growth (if the company is profitable at all), and negative analyst sentiment and these meme stocks become a heavy lift for retail traders and investors.  This is the time of year for tax-loss harvesting. Also, while it’s also a season of peace and goodwill, that doesn’t mean you have to sit on losses. If you own any of the three meme stocks below you can sell them before the close of trading on December 29, 2023. If you still like them on Groundhog’s Day you can buy them back. Chances are they won’t have gone anywhere.  GameStop (GME)GameStop (NYSE: GME) is really two stocks with two different stories. On the one hand, you have GameStop which is the Blockbuster Video of video game stocks. It has an outdated, and dying, business model. Most games, and certainly the most popular titles, are available via digital downloads. Then you have GME stock, the OG among the meme stocks and slayer of hedge funds. Since its epic short squeeze in 2021, GameStop has never been able to relive its past glory, but that doesn’t stop investors from trying. The company is relatively debt free, approaching positive earnings, and is sitting on a pile of cash. That can keep this cat-and-mouse game going for awhile. But ultimately, investors have to ask where the growth will come from.  GameStop’s board of directors approved a plan in which the company—and specifically CEO Ryan Cohen—can invest in equity securities, among other investments. Put me down in the skeptical category. Besides, as Wedbush notes, the board seems to believe that the company can achieve better results by investing in other companies instead of their own.  It’s an odd bet, and one that could, in theory, pay off. However, that doesn’t mean you can’t wait until Mr. Cohen proves himself.  AMC Entertainment (AMC) AMC Entertainment (NYSE: AMC) is another of the meme stocks that is struggling to reclaim its past glory. Prior to 2020, attendance at movie theaters was in decline. I mention that because despite several blockbuster movies in 2023, AMC reported that attendance is still not at 2019 levels.  The company recently completed a $350 million at-the-market offering. It used part of the proceeds from the offering to shave off about $62 million in debt. It still leaves the company with approximately $4.4 billion in debt to manage through. Also, the amount of debt exceeds its market value by a wide margin.  However, let’s be clear. This remains a revenue story first and foremost. While the company’s situation isn’t as dire as that of GameStop, it’s still an issue.  For example, in its just completed quarter, the company generated revenue of $1.4 billion. That was after a quarter with several blockbuster movies such as Oppenheimer, Barbie, and Taylor Swift: The Eras Tour. It was a solid year-over-year gain.  However, as my InvestorPlace colleague Marc Guberti points out that revenue was against soft comparisons to the prior year. Also, with many releases delayed due to the (now resolved) writer’s and actor’s strike, it will be hard pressed to repeat those numbers. Anecdotally, many people still attend movies. Factually, not enough of them are attending to make AMC stock a buy.  Mullen Automotive (MULN) Investors in Mullen Automotive (NASDAQ: MULN) are finding out that making electric vehicles is a cash-intensive business. In fact, by now they’re tired of hearing about it. However, that’s exactly what they heard on Dec. 19.  In a letter to shareholders, CEO David Michery announced the company’s plans to institute a 1-for-100 reverse stock split. The split was approved at a special meeting of shareholders. The move was done largely to prevent MULN stock from being delisted on the Nasdaq exchange.  Fair enough, but this is the third reverse stock split the company will execute this year. Also, the third time may not be the charm because Michery has made it clear that the company still needs to raise cash to get through next year. Granted, that will be easier if it remains on the Nasdaq. However, without a clear path to consistent revenue, let alone, profit, MULN stock is one to avoid. This and the other meme stocks to sell we mentioned should be avoided like the plague.","news_type":1},"isVote":1,"tweetType":1,"viewCount":368,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9099029579,"gmtCreate":1643280801197,"gmtModify":1676533795434,"author":{"id":"3584008443664013","authorId":"3584008443664013","name":"ps33","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584008443664013","authorIdStr":"3584008443664013"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/558.SI\">$UMS HOLDINGS LIMITED(558.SI)$</a>ai yo!&nbsp;wat happened[Facepalm]&nbsp;","listText":"<a href=\"https://ttm.financial/S/558.SI\">$UMS HOLDINGS LIMITED(558.SI)$</a>ai yo!&nbsp;wat happened[Facepalm]&nbsp;","text":"$UMS HOLDINGS LIMITED(558.SI)$ai yo! wat happened[Facepalm]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9099029579","isVote":1,"tweetType":1,"viewCount":393,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":860328897,"gmtCreate":1632138748219,"gmtModify":1676530708253,"author":{"id":"3584008443664013","authorId":"3584008443664013","name":"ps33","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584008443664013","authorIdStr":"3584008443664013"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/U96.SI\">$SEMBCORP INDUSTRIES LTD(U96.SI)$</a>rubbish stock?‍♀️","listText":"<a href=\"https://laohu8.com/S/U96.SI\">$SEMBCORP INDUSTRIES LTD(U96.SI)$</a>rubbish stock?‍♀️","text":"$SEMBCORP INDUSTRIES LTD(U96.SI)$rubbish stock?‍♀️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/860328897","isVote":1,"tweetType":1,"viewCount":260,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":860096691,"gmtCreate":1632104810313,"gmtModify":1676530701805,"author":{"id":"3584008443664013","authorId":"3584008443664013","name":"ps33","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584008443664013","authorIdStr":"3584008443664013"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BS6.SI\">$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$</a>why keep falling?&nbsp;","listText":"<a href=\"https://laohu8.com/S/BS6.SI\">$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$</a>why keep falling?&nbsp;","text":"$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$why keep falling?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/860096691","isVote":1,"tweetType":1,"viewCount":1602,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4090992997105270","authorId":"4090992997105270","name":"kvchiew","avatar":"https://static.tigerbbs.com/255a79e611e6c5fa0ce6a9ae8f1d1a5c","crmLevel":4,"crmLevelSwitch":0,"idStr":"4090992997105270","authorIdStr":"4090992997105270"},"content":"The main force is washing dishes, so that new retail investors can take over. Then there are Halloween, Double 11, Christmas and Chinese New Year. As long as it is held for a long time, it will definitely rise. ?","text":"The main force is washing dishes, so that new retail investors can take over. Then there are Halloween, Double 11, Christmas and Chinese New Year. As long as it is held for a long time, it will definitely rise. ?","html":"The main force is washing dishes, so that new retail investors can take over. Then there are Halloween, Double 11, Christmas and Chinese New Year. As long as it is held for a long time, it will definitely rise. ?"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":860098969,"gmtCreate":1632104688351,"gmtModify":1676530701758,"author":{"id":"3584008443664013","authorId":"3584008443664013","name":"ps33","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584008443664013","authorIdStr":"3584008443664013"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>when all this rubbish going to stop?","listText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>when all this rubbish going to stop?","text":"$Alibaba(09988)$when all this rubbish going to stop?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/860098969","isVote":1,"tweetType":1,"viewCount":274,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":860004880,"gmtCreate":1632104285940,"gmtModify":1676530701469,"author":{"id":"3584008443664013","authorId":"3584008443664013","name":"ps33","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584008443664013","authorIdStr":"3584008443664013"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/01810\">$XIAOMI-W(01810)$</a>wats happening,ai yo?","listText":"<a href=\"https://laohu8.com/S/01810\">$XIAOMI-W(01810)$</a>wats happening,ai yo?","text":"$XIAOMI-W(01810)$wats happening,ai yo?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/860004880","isVote":1,"tweetType":1,"viewCount":514,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":884313675,"gmtCreate":1631855595097,"gmtModify":1676530653632,"author":{"id":"3584008443664013","authorId":"3584008443664013","name":"ps33","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584008443664013","authorIdStr":"3584008443664013"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/558.SI\">$UMS HOLDINGS LIMITED(558.SI)$</a>why this counter never shot up? Still ding dong in the 1.7x?‍♀️","listText":"<a href=\"https://laohu8.com/S/558.SI\">$UMS HOLDINGS LIMITED(558.SI)$</a>why this counter never shot up? Still ding dong in the 1.7x?‍♀️","text":"$UMS HOLDINGS LIMITED(558.SI)$why this counter never shot up? Still ding dong in the 1.7x?‍♀️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/884313675","isVote":1,"tweetType":1,"viewCount":758,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3584008443664013","authorId":"3584008443664013","name":"ps33","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"idStr":"3584008443664013","authorIdStr":"3584008443664013"},"content":"thanks for the info. may i know when will we get the bonus shares?","text":"thanks for the info. may i know when will we get the bonus shares?","html":"thanks for the info. may i know when will we get the bonus shares?"}],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}