, lions and wildebeest featured in January 2021 in an imaginative description by Thomas Friedman, an American commentator, of the feeding frenzy over a handful of American stocks. Referring to GameStop, a consumer-electronics retailer at the centre of the frenzy, Mr Friedman said the stock would eventually go back to four to five dollars. “It’s the circle of life.”
Conventional analysis gives few explanations for such a sustained rise in a small handful of stocks such as GameStop—known as meme stocks, based on their sudden popularity on social media—whose ascent flies in the face of fundamentals or asset prices. Analysts have thus reasoned that what goes up must come down.This dovetails with the difficulty regulators have had in dealing with meme stocks. Research by Victoria Chiu and Moin A.
Predictably, conventional finance has tried to muscle in. An exchange-traded fund designed by Roundhill Investments, an advisory firm, based on an index of meme stocks, awaits regulatory approval. In cryptocurrency markets, the arrival of mainstream finance cemented the sector as more than a fad. The same may soon be true of meme stocks.
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Late surge in GameStop and AMC save meme stocks from a very bloody FridayAfter getting curbstomped for most of the trading day, the key meme stocks appeared to benefit from a storm of dip-buying to cauterize the end of a brutal week. I might have less money - but - I have more shares - it really is double edge sword - price goes up, the shorts are screwed - price goes down and we buy - shorts - still screwed Oh... 3 to 4 million retail holders sold their shares because they are scared of the umpteenth variant that's milder than many others, right after amazing Spider-man ticket sales and NFT. Got it. I doubt this has anything to do with huh? Sure thing. The price drops, we buy more. It’s as simple as that. We have been in this fight long enough to see just where MarketWatch’s loyalty sits. This has been a long road traveled and we aren’t leaving. Let KennyG know it’s about time he pays what’s due
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Is The Era Of Stay-At-Home Stocks Over? Here’s Why Zoom, Peloton And Others Have Slumped In 2021Some of the pandemic’s hottest stocks have undergone brutal sell-offs this year.
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