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Apes beware: The latest popular delusion on Wall Street may not end well

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When Charles Mackay wrote about “extraordinary popular delusions and the madness of crowds” he obviously couldn’t have foreseen what’s occurred in the markets for GameStop, or AMC Entertainment, or Dogecoin but the title of his 19th century treatise on crowd psychology would appear to be applicable.
Earlier this year GameStop shares soared, and then crashed, as a horde of retail investors, motivated by internet chatrooms and facilitated by the no-fees Robinhood brokerage platform, imposed a massive short squeeze on hedge funds in an exercise that had a crusading, “stick it up Wall Street” undertone.
The AMC surge looks to be the latest example of investors taking aim at the Wall Street establishment. ....

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AMC Launches Shareholder Rewards Program After Raising Billions From Retail 'Apes'

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero ....

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The Mudrick network gets a quick return on AMC shares when the meme stock frenzy returns

Mudrick Capital Management, a hedge fund run by Jason Mudrick, made a quick profit after returning to trading the meme stock market after buying and q ....

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AMC Entertainment Holdings Stock Forecast: AMC the sequel is better than the original but RSI warns

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AMC Entertainment Holdings Stock Forecast: AMC the sequel is better than the original, but RSI warnsNEWS |
5/28/2021 9:17:35 AM GMT
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By Ivan Brian
AMC rises a staggering 35% on Thursday to a four-year high.
AMC saw a huge surge in volume as it took over the NYSE.
The cinema company now has a market cap of $11.9 billion.
Poor old Dalian Wanda selling out of nearly their entire AMC stake a tad early then. Chinese conglomerate Dalian Wanda Group had been one of the biggest shareholders in AMC, but it was reported last week that Dalian has sold virtually all of its shares, with just a tiny residual holding left. They left a bit behind them given the surge in AMC shares this week alone. The shares nearly reached the moon on Thursday, breaking all resistances on the way to a staggering 35% gain and confounding market watchers in the process. AMC took over the New York Stock Exchange on Thursday, outstripping ....

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Inversores del foro de Reddit 'asaltan' de nuevo GameStop y AMC, causando millonarias pérdidas a los bajistas en un día

Inversores del foro de Reddit 'asaltan' de nuevo GameStop y AMC, causando millonarias pérdidas a los bajistas en un día
rt.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rt.com Daily Mail and Mail on Sunday newspapers.

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