Tried to warn as many small traders not to listen to the Reddit posters who are spreading lies and disinformation. The biggest lie is that small traders somehow drove share prices on GME and AMC much, much higher? Then, again extreme liberal media academia has dumbed down future generations of Americans. And here is the result in full view. No, it can't be other hedge funds who could be long GME and AMC and driving it higher? But, that is exactly, is what is happening. There were 2 hedge funds who made the colossal mistake of shorting GME and AMC by borrowing stock instead, of using put options. What were the other hedge funds doing? And were are the legions of small traders, supposedly in the millions to hold up the share prices of GME and AMC? Yesterday and today, these small traders are losing their monies in huge amounts and getting massacred without even a clue of what is happening. They will lose all their monies and still be scratching their heads right after.
You should include silver. Investors who listened to Reddit - big loser Hedge fund managers who did counter-trend trading aka kamikaze trading and failed to manage risk - big loser day traders who focus on charts and trade with the trend - big winner price goes up - they earn money price goes down - they also earn money History always repeats itself. And it will happen again and again and again till the end of time or till Jesus comes again.
All meme stocks dropping very hard... NAKD, AMC, GME, EXPR, BBBY, BB... Silver was never really a reddit thing. but also dropping now, along the silver miners... party over... for now.
what a relief!!! I thought the Reddit thing is going to trigger the mother of all market crash. When the bubble burst, day traders will find it very difficult to earn tons of money because - the charts and trading platforms will freeze - the market movement will be very chaotic/messy/ erratic ...