found another leg to run on Wednesday, posting their strongest day of trading since an internet-fueled short squeeze sent their share prices to the stratosphere last month.
AMC shares closed 18% higher at $9.09 and GameStop more than doubled to settle at $91.70 weeks after a so-called "meme stock" frenzy cooled off. Retail investors got behind a basket of recommendations on the Reddit forum Wall Street Bets in hopes of exposing an unusually high short interest by hedge funds in a number of stocks.
While the rally was short-lived, CNBC's Jim Cramer on Wednesday advised that young traders taking advantage of commission-free transactions on brokerage apps like Robinhood should rely less on speculative trades and get back to the basics of investing. "If you really want to beat the big institutions at their own game, you don't do it with GameStop and AMC. You do it with fractional shares and you do it right," the "The comments come after the major U.S. averages also compiled their best day of trading in weeks. The
who gives a shit what that boomer says
🤦🏻♂️who, Is this guy? we are the new generation. “We like the stock” and we “CantStop, WontStop, GameStop, while “While watching a Movie”🚀🚀🚀🚀
Game on.
Your 3 interactions in 8 minutes proves his reach has done wonders for the Pcock.
FUck jimcramer . We're not fucking selling 💎🙌
There it is, good try. This is the confirmation bias I was looking for. $gme to mars.
Yes, the hedge funds tremor in fear when I buy 1/8th of an NVIDIA share....
What he said is not what we want lmao