While you might’ve heard the latest GameStop gossip, some market experts are interpreting the meme stock craze as the very definition of froth. "The retail investor that sits on the sidelines and watches Wall Street make money, maybe even watches their parents make money in the stock market, wants to play," Madison Ventures+ principal and managing director Mitch Roschelle said in a "Cavuto: Coast to Coast" panel on Monday.
"If he decides to make a quick profit and dump it, he becomes the very thing that he's been sort of fighting against," Roschelle pointed out, "which is, he becomes the big gorilla that makes money and leaves the little guy in the lurch." GameStop shares closed Monday hovering around $28, after hitting its daily high of $38 at the opening bell. "What if he sold it up there at $43 in the pre-market session? Up 100%. Are you kidding me?" Polcari reacted.