Now that Gamestop (GME), and to a lesser extent AMC Theatres (AMC), have come back to Earth, we can take a perfect hindsight approach. What went right, what went wrong and what will the fallout be? The positives, and there are a bunch, seem to be the fact that the little guy can take on the big guys and take those big guys to the woodshed. The Reddit Mob that created this frenzy 10 days ago have proven that with information there is power. In the simplest terms, this group of investors figured out there there was something misaligned with GME shares and that there was potential for trading against that misalignment and making some money. The nonsense that this was some sort of uprising plays nicely into a media that is starved for a story but the truth is, these traders jumped on a momentum play in a marketplace that was open to them and took advantage of it. Good for them and I am truly glad that some people made some nice profit. I feel for those that got on the last car of that freight train and missed the gold rush but as the old saying goes, “He who hesitates, loses”. It actually is a little more graphic than that and I will leave that to your imagination.
My Last Post on This...I Think
My Last Post on This...I Think
My Last Post on This...I Think
Now that Gamestop (GME), and to a lesser extent AMC Theatres (AMC), have come back to Earth, we can take a perfect hindsight approach. What went right, what went wrong and what will the fallout be? The positives, and there are a bunch, seem to be the fact that the little guy can take on the big guys and take those big guys to the woodshed. The Reddit Mob that created this frenzy 10 days ago have proven that with information there is power. In the simplest terms, this group of investors figured out there there was something misaligned with GME shares and that there was potential for trading against that misalignment and making some money. The nonsense that this was some sort of uprising plays nicely into a media that is starved for a story but the truth is, these traders jumped on a momentum play in a marketplace that was open to them and took advantage of it. Good for them and I am truly glad that some people made some nice profit. I feel for those that got on the last car of that freight train and missed the gold rush but as the old saying goes, “He who hesitates, loses”. It actually is a little more graphic than that and I will leave that to your imagination.