$AMC Entertainment(AMC)$ I wondered how many people has been halt trying to buy meme stock yesterday. AMC was definitely the case.
Welcome to the Meme Party! YOLO. Those who have yet find out what is Meme Stocks Party, perhaps you will like to Google "Dumb Trader".
Roaring Kitty has recently release his video, he has yet to speak but the $GameStop(GME)$ has started to move for the last 3 days. The last Meme Party has created many millionaires and almost collapsed some brokers. That is why trading halts has been issued constantly yesterday.
As in the Yahoo Finance https://ca.finance.yahoo.com/news/reddit-ignites-meme-stock-resurgence-further-signs-of-bull-market-in-everything-185716216.html , Reddit who help to spread the movement is now part of party.
It is understandable that some young adults has increasing grievances with the authority and systems. The 2 years of wars and increase violent in enforcement around global universities has reached it pinnacle. In this kind of stock Party, the traditional valuation in no longer important but the genuine company will be suffering.
"The wolves of Wall Streets" are not sitting ducks too. The halts and increase margin and tightening spreads can be see as a warning to the YOLO. However the movement is still far off, Roaring Kitty has yet to speak out. Perhaps that is the real reasons why Game Global apply handbrake yesterday to launch it's IPO. You can imagine the values that will be wipe out.
Nevertheless, you are participating in the movement, you have to follow up to post closely else you will be burnt. The crazyiness is an ideal pop corn🌽 shows. Just relax and watch and don't get burned.
Do you participate in Meme Stocks Party(Single choice)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.
You gonna read this, from one writers in our Tiger brother.
Great article. I should have read this much earlier [Cool]