Roaring Kitty's return to social media sparks meme stock rally
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- เผยแพร่เมื่อ 7 มิ.ย. 2024
- Roaring Kitty, a prominent figure in the 2021 meme stock phenomenon, returned to the social media platform X (formerly Twitter) and sparked a rally in notable meme stocks in Monday's trading session. With a single post on X, stocks such as GameStop (GME), AMC Entertainment (AMC), and BlackBerry (BB) experienced significant gains. To provide insights into this resurgence of the meme trade, tastylive Founder and CEO Tom Sosnoff joins Market Domination.
Sosnoff acknowledges that after a relatively slow period in the market (^DJI, ^IXIC, ^GSPC) over the past few weeks, this meme stock rally "was really welcomed" as "another level of excitement." However, he notes that while these meme stocks are experiencing significant upsides, he does not view the current situation as comparable to the surge that occurred in 2021, which he describes as "a transformational moment."
Addressing the potential investors behind the buying frenzy, Sosnoff told Yahoo Finance: "What happens when you have a move like what you're seeing today is that a lot of the high-frequency firms, after they learned their lessons in 2021, they tried to get ahead of it. So, a lot of the volume is high-frequency firms and market-making firms that know that there's going to be customers coming in on the buy side, so they're just trying to get in front of it so they have some inventory to lay out."
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I've dabbled in covered call trading before. It can be lucrative, but if not planned well, it could lead to significant losses, especially in a volatile market.
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The problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
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Roaring kitty sparking billions of dollars in activity my skinny arse, Apollo!
Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
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I hope this ends up being bigger than 2021. Make it look like a warning shot and this is the bomb. In 2021 they showed their hand, but the people showed their power. Unfortunately we didn’t know how rigged the game is, now we do. I would say stock jump as soon as “regulators” try to tamp down the stock move to another pump dump buy pump dump buy. They can only keep up for so long without truly showing how dirty and rigged the game is.
24% short is a completely different case than the 130% that made buying brilliant.
Its nothing to do with roaring kitty the CAT system coming. idiots shorted 112 million more AMC yesterday this is going to 300+ easy
The hubris to so confidently attribute causation of the price action to Keith Gill, let alone at all, is mind blowing. Who gives you the script? Citadel? Virtu?
it will be greater than the 2021 squeeze!! this guy is a fool
He's playing this down
Lots of people getting cutbacks to say certain things on tv
Bullish!! I wish they would stop calling it a “meme” trade since it is a real company with real employees and families. I don’t think they want to have their livelihood called a “meme”
I agree
It is called a meme because that is why the stock moves. If it was about investment it would only go down.
I am sure that the employees care far less about what the stock is called than the fact that their employer will be able to sell overpriced shares rather than lay off employees.
@@skyak4493you have no idea why the stock moves. No one does. A single tweet didn’t cause AMC and GME to trade their entire floats in a single day.
GME $278 AMC $24+
“Pretty clean fun“ while the short sellers cheat and do absolutely anything to beat retail investors
GME need to close at 34$ by Friday,💯
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FUD?
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We have not left lmao. 🚀
It's the state of modern days Stock Market, follow the hype, forget the fundamentals. Seems like the audience into Sports betting are now switching it for the Stock Market.
this has already aged like milk
I don't have any share I don't have job, and income 😭
Who the heck is this guy?! Bullish on gamestop!
How do I follow this Tom guy so I can unfollow him shortly after?!
He's an OG. He's in the GME documentary , Respect the guy!!
@@jimsmith7716
My bad. I'll check him out.
Emotions running high lol.
FOMO simple
TLRY SPCE
Roaring kitty is all outa cash. Hence the return.
It seems like a solid way to generate extra income, but I wonder how it would affect one's portfolio in the long run.