SmartyPnats Fellow Singaporeans, I implore you to heavily consider entering a few shares into $GME.
Just a short story of my journey with $GME, I first invested in $GME with an average cost of $15 back in november. I realized my profits during the large spike in January and re-entered after it calmed down.
Why did I enter again despite the price being way above my previous entry?
- The brokers prevented retail investors from buying the stock, essentially limiting the price of the stock and the only direction it could go was down.
- $GME had and still has a large short interest (Heavily shorted)
- Hedge Funds have admitted to not having had closed their short position during the Jan spike and that it was due to a Gamma Squeeze and not them closing their positions.
- $GME currently has a negative Beta (Stock moves opposite direction of broader market, i.e. Market red, GME green).
There are still many other reasons I believe the stock will increase in price but I implore you the reader, to read up on the stock and with your own due diligence, consider putting $GME into your watchlist.
I will be happy to answer any questions if you do have any.
Just to clarify, I am not a financial advisor nor do I come from a financial background. I do however, believe that $GME is a share that is one in a million investment opportunity and may never happen ever again
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The Meme stock fever has been back on over the past few days but it's definitely not for most investors. Within minutes, AMC in particular can move up 20% and then fall by 30% and as pointed out, there's nothing fundamental driving up these stock prices. It's just momentum from retail "investors".
While I liken trading in these stocks more like speculating rather than investing, we will all be tempted to try, given these sharp moves we have experienced so far. But when we do, I think we should limit it to smaller tactical amounts. The bulk of anyone's investment portfolio should still be formed from core, diversified holdings.
Do you think the full potential of this stock will be realized once again? Or would it be a one-hit wonder type of situation in your opinion. I wouldn't close my door to this stock but seems pretty price high!
otherwise, what other industries do you think are worth reading up? (other than the tech stocks)