Traders tried to keep GME and AMC up afloat today by paying the high prices. Now, it is tanking and I imagine there are more retail traders about to suffer horrendous losses. Some people just never learn. They believe the hype even when faced with huge losses and double down on it. Never catch a falling knife is the lesson a lot of traders just ignore. It can get worst come Monday, February 1. Let us wait and see.
AAL another one of the Robinhood highfliers put a dent in their move. Quick, file with the SEC to issue a billion dollars worth of new shares. Hurry, before it drops back down to earth. Hurry, hurry. https://www.cnbc.com/2021/01/29/ame...her-1-billion-stock-sale-after-big-rally.html
Left is doing his readers a favor, what kind of idiot tells people to pile in a short that already has a short interest over 100%? Is that the 'quality' analysis that he does?