Those wild swings also drove retail stocks higher. The equal-weighted, which holds GameStop, climbed to an all-time high during the session – it also had a volatile day, ending up nearly 2%, but paring a 10% gain from earlier.
"You have to be aware of the volatility," Ari Wald, head of technical analysis at Oppenheimer, said of GameStop's rally on CNBC's "" on Monday. "This is for casino money only. If you get excited about being in this type of stock that everybody's talking about and that it could be up or down 50% in a matter of minutes, fine, but you have to understand that it can easily be lost.
"If you find yourself long GameStop, I think you take your profits and run and, you know, maybe revisit your thesis in a few months. I think if you find yourself short GameStop, I don't know what you're doing," Quint Tatro, president of Joule Financial, said during the same interview.
Ari is a wizard
All these articles, words, talking heads. It's basic math, people. 3 words. Repeat after me: Buy and hold.
Nah fuck these suits. Buy and hold 🚀