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Roaring Kitty is back and so are meme stocks. GameStop and AMC surge like it's 2021
Posted on 5/13/24 at 8:51 pm
Posted on 5/13/24 at 8:51 pm
quote:
The man at the center of the pandemic meme stock craze appeared online for the first time in three years, sending the prices of the quirky and volatile shares sharply higher Monday.
Keith Gill, better known as “Roaring Kitty,” posted an image Sunday on the social platform X of a man sitting forward in his chair, a meme used by gamers when things are getting serious.
He followed that tweet with a YouTube video from years before when he championed the beleaguered company GameStop saying, “That’s all for now cuz I’m out of breath. FYI here’s a quick 4min video I put together to summarize the $GME bull case.”
GameStop in 2021 was a video game retailer that was struggling to survive as consumers switched rapidly from discs to digital downloads. Big Wall Street hedge funds and major investors were betting against it, or shorting its stock, believing that its shares would continue on a drastically downward trend.
Gill and those who agreed with him changed the trajectory of a company that appeared to headed for bankruptcy by buying up thousands of GameStop shares in the face of almost any accepted metrics that told investors that the company was in serious trouble.
quote:
At Monday's opening bell it appeared that Gill had reignited the phenomenon as shares of GameStop more than doubled. They closed Monday up 74%. It's the biggest intraday trading jump for GameStop since the meme craze of early 2021. Other meme stocks like the theater chain AMC were jolted higher as well.
Trading in GameStop was halted eight times before noon on Monday due to volatility.
LINK
Posted on 5/13/24 at 8:58 pm to RLDSC FAN
Over $36 now from $10 last month.
Posted on 5/13/24 at 9:00 pm to RLDSC FAN
So what are we buying? GME and AMC?
Posted on 5/13/24 at 9:01 pm to RLDSC FAN
I gave up on that meme stock shite. I hold too long and get up high and never take profits. End up losing my arse and selling at a loss
Bought AMC at $13 rode it up then all the way back down and sold at like $12.99 or some shite.
Bought AMC at $13 rode it up then all the way back down and sold at like $12.99 or some shite.
Posted on 5/13/24 at 9:06 pm to slackster
I guess if you are into the pump-and-dump, this is good? I guess..
Posted on 5/13/24 at 9:08 pm to Rize
You have to have time to watch these stocks.
Posted on 5/13/24 at 9:12 pm to BZ504
quote:
You have to have time to watch these stocks.
Hell yea brother. ??
Posted on 5/13/24 at 9:13 pm to RLDSC FAN
when there's a pump
there's a dump
there's a dump
Posted on 5/13/24 at 9:13 pm to Play_Neck
frickin emojis don’t work on mobile ?
Posted on 5/13/24 at 9:13 pm to RLDSC FAN
Didn’t sell my GameStop baby!
Posted on 5/13/24 at 9:40 pm to RLDSC FAN
I really do hope that some people make some really good money off of it. I'm not mad at all. I just don't have the time to day trade it. I probably would if I did though.
Posted on 5/13/24 at 9:51 pm to RLDSC FAN
These meme stocks are all manipulated gains for big players. The average investor needs to watch the mainstream internet trends carefully to know when to get in and out. Risky
I'll stick with meme coins. PEPE and Bonk going to the moon
I'll stick with meme coins. PEPE and Bonk going to the moon
This post was edited on 5/13/24 at 9:57 pm
Posted on 5/14/24 at 11:59 am to RLDSC FAN
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