GME to the moon 🚀🚀🚀
The last few weeks have been dominated by the Wallstreetbets rally of GME. Just as it seemed when we could push some of the noise behind us, the court hearings all but concluded, GME rises from the dead. Since closing on 2/24 under still under 50$ the beast has risen agian. Doubling its value within a week, with no hopes of slowing down. It didnt take long to realize this battle was far from over. For now it seems GME peaked on March 10th at a whopping 336$ dollars. Short lived, the weight it carried still hangs in the air, as the pullback seems to headed towards 200, today GME's pricetag for a share closed at a hefty 220$ . Directly down the pipeline is a couple catalysts. Some minor ones swirling in the mix. could be lots of stimulus money pouring in, to ETF's having to rebalance their sheets. ([My understanding] Company A owns 50% GME 50% ... Price surged company ratio now 75% GME 25 % .... Company A rebalances back to 50/50 ratio) One of the more important upcoming catalysts will be the earnings report, because good or bad you can sure of one thing. NEWS SELLS. Nobody knows when the battle will end or wether Gamestop shares will be crowned king . The only real certainty is to expect more headlines being dominated by the Videogame retailer.
Annoying little brother
AMC is that annoying little brother that no matter how many times you yell STOP! Get down from there!!! NOOOOO RUNNING in the house😠. That you constantly kick out of your room but comes right back in. Well no matter how many times you explain 1 - 1 equals zero, it just doesn't take. With the Numbers stacked against them, AMC sidesteps their F, akin to the stoner in highschool, skipping classes but aces the exam. No matter how much doubt gets stacked, AMC promoted itself to full blown linebacker. Throwing bonuses to executives while going toe to toe with the bears. AMC also being a 'meme' stock has had a enormous year on the market. Starting the year off at 2$ reaching an all time high of 900% 18$. Today still sits at a whopping 700% return so far this year, having closed today at 14.14. Reddit fueled retail investors continue to prove their worth more then just a meme factory, becoming more widely seen as a potential power player in the market.
The take
Wether it be wallstreetbets or a trending tweet. It seems as though meme stocks are becoming heavy hitters with more players this year. SNDL RKT KOSS and many others meme stocks are begining to enter the spotlight.
This article is for entertainment and informational purposes. This is not financial advice and i am not a financial advisor, invest at your own risk.
https://globalhive.io/r/117770
^^^^^ great daily Crypto faucet ^^^
Or start cloud-mining 🐝 and pi. Link below.
Here is my invitation link for BEE Network. Use the invitation code: mjbtc. Download at https://bee.com/en/download
minepi.com/8myPI
Use 8mypi to start cloud mining from your phone.
Leave a comment if you enjoyed the content and would like see more. Any suggestions will surely be covered over time. Suggesting them will just make it happen faster 😉
