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Thoughts on Robinhood, Meme Stocks, and More
Meme Stocks are the true gift that keeps on giving.
I’ve been contemplating this whole situation for the past couple of weeks. Meme Stocks have all but taken over the airwaves, and I’m here for every bit of the insanity. The only thing I wish is that Radioshack would have been one of the stocks in the middle of this whole mess. I miss Radioshack.
Anyway, I wasn’t thinking about the future of Gamestop necessarily (which is still pretty bleak), nor was I thinking of the future of my stock portfolio (which also, might be bleak).
I instead thought about a few disclaimers to bestow upon the world as we enter a new week of 2021. Really as we brace ourselves for a new week of 2021. Because I can only imagine what other foolishness is going to happen to Wall Street, the United States, and the world beyond.
If you’ve been living under a rock since January 1st, stocks including Gamestop, AMC, BlackBerry, and Bed Bath and Beyond, have skyrocketed, and nosedived, with the assistance of Reddit thread r/wallstreetbets, and retail investors promoting the stock all over the place.
Hedge Funds have taken a beating as a result of the war, with Melvin Capital losing 53% revenue as a casualty of the war.
