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AMC Sees High WallStreetBets Interest Amid Stock Surge; GameStop, Apple, SPY Other Top Trends
SPDR S&P 500 ETF Trust (NYSE:SPY) continues to attract the highest interest on the forum.
What Happened: Exchange-traded fund SPDR S&P 500 ETF remained the
most-discussed stock on the forum with 744 mentions, followed by AMC Entertainment with 386 mentions, data from Quiver Quantitative showed.
Videogame retailer
GameStop Corp. (NYSE:GME) and tech giant
Apple Inc. (NASDAQ:AAPL) took the third and fourth spots, having attracted 290 and 241 mentions respectively.
The other stocks that trending on the forum include medical insurance technology company
Clover Health Investments Corp. (NASDAQ:CLOV), space tourism company
A legal pro notes that regulatories and lawmakers are paying attention.
An investment expert is urging investors to be careful.
Shares of GameStop Corp. (NYSE: GME) peaked near $200 this week and ended Friday at around the $100 per share mark. As volatility in the video game retailer kicked into high gear once again, several pros offered their take on what could happen next.
Cramer: Can GameStop expand to crypto?
CNBC host and commentator Jim Cramer questioned if GameStop can have a future in the cryptocurrency arena. He questioned if GameStop can turn itself into a “5,000-store introduction to crypto” by selling $1 billion worth of stock and exchanging it for bitcoin, he said on CNBC.
How to use technical analysis to spot bubbles: GameStop
Carl Capolingua
04/02/2021
How to use technical analysis to spot bubbles: GameStop
Carl Capolingua
(Source: AusbizTV February 3, 2021. The Trade: 3 February 2021 . Full video available from: https://www.ausbiz.com.au/media/the-trade-3-february-2021-?videoId=6906)
Back when
I was young.
Back in the dot.com boom-and-bust I was about the same age as most of the current cohort of Robinhood traders. I made all the mistakes many millennials are probably making right now.
Each boom has a mantra. Back then it was, this time it s different . That is, the idea that technology (and to a large degree at the time, the internet) was going to change the world so much that the exponential price rises demonstrated in stocks was justified. Old world valuation concepts are redundant! we said.
While everyone is celebrating retail traders winning over a large hedge fund, it rarely ever plays out this way. Mostly, retail ends up losing money when there is excessive speculation, says Kamath.