Internally, I have written off this investment as a 90% loss, so any returns will be treated as a Chinese new year angpao. I’ve initiated a speculative investment into AMC instead of GME because it feels like GME’s upside is quite limited now. If the Reddit mob stop now, it will further reinforce the fact that hedge funds or big institutions will always win – so I doubt that Reddit will let them get away with this.įor Mr Budget, although we say we are in a “stock diet” now, I cant help but put some money into the market to be part of the ongoing historical process.
#Will amc squeeze free
Initially I thought that the Gamestop squeeze is almost done, but now I have a feeling that Robinhood’s decision to stop free market trading is further adding more fuel to the ongoing fire.
I think if you are in a privilege position to be able to gamble, you can take part in the ongoing rebellion against the institution funds, especially since there is report that the hedge fund with short interest in Gamestop is actually behind Robinhood.Īnd since the short squeeze started, yesterday Robinhood halted the trading of the shorted stocks before resuming it – showing that the system is rigged and biased towards those with financial capability. With the prevalence of social media and how fast information are being spread nowadays, I think everyone knows that this is a gamble and less of actual investing. Other highly shorted stocks such as AMC BB NOK are also heavily pumped by the “reddit armies” who rallied all millennials to push up the stocks.įor those who are buying the stocks, I believe that everyone is in it in hopes of making a quick buck before the music stops and the prices come crashing down.
However, the cause of the short squeeze and eventual explosion of the Gamestop share price is quite an interesting and rare event that is happening right now – it’s basically retail investors banding together against hedge funds in a power play.
I’m sure readers would have came across this, so we won’t be explaining how it came about. A lot of things have happened over the past 2 weeks since our last update! Of course, the most notable one being the historical short squeeze on the Gamestop stock which has become a global phenomenon now.
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