showing a $175 million position in the company's stock. Matt Kohrs, host of The Matt Kohrs Show, joins Wealth! to share his insights on the frenzy surrounding this development.
Now, we should note we could not independently verify the validity of the post in case you don't know though Gill is widely credited for influencing gamestop's 2021 short squeeze for more on how you can take part in the meme trade.So Matt, we were discussing this earlier during the nine am hour as well.
Everybody remembers when you know, everybody and their grandmother was talking about the ticker symbol, GME and A MC and what the thesis was back then it was to really make sure that everybody and, and the little guys and retail traders uh out there were kind of ganging up on the big money, those who had heavily shorted gamestop.
But in my personal opinion, this is much more of an active trade, not an investment where you would want to chase it after pumping 30%. OK, I don't wanna chase gamestop, but I wanna best anticipate where some of this flow could be moving around.But in my book, it's kind of really hard to be better than or really duplicate the original.But that other basket of quote unquote meme sucks.
And I think right now there's maybe potentially a lot of novice people joining the market thinking that every single day is the same in the options market.
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