They’re getting desperate. Going to try crashing the economy.
(mobile.twitter.com)
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So im thinking of investing into GME and AMC, should i go for it or hold off for now?
If you're a believer you always buy and hold. You stonkers are playing a great game, but the fundamentals of investing are buy what you believe in and hold. Look for dividends over growth (imo). Play the long game.
It makes me extremely anxious to see people playing these games with anything besides "walking around money". Not timing the market isn't a thing, and you all are NOT onto something. Just saying "Be very careful. This is a high stakes dangerous game and you're minnows amongst whales."
But as I said - everything sophisticated I know about the topic is pretty much out the window during times of such exposure of evil and panicked actions by the wealthy. All I know are the rules of the game as they allowed us to play it, before the storm.
I figure $250-$1,000 in the stock to be a part of sticking it to these hedge funds & seeing where this goes is a good thing IF an average ape can spare it.
Dumping a large quantity into it, or anything more than the amount you would spend on a skipped week long vacation at the very most, is a really bad idea.
IIRC we have seen Musk tank a couple of stocks recently. Though honestly I didn't follow that completely and may be off on this point.
Give it about 9 or 10 days. GME is tanking hard right now. AMC is slipping from a high as well.
There's no point in going in as soon as a stock drops off a precipice. This isn't Raytheon technologies we're talking about here after all.
Thanks for the heads up. Upvote because you shouldn't get slapped for warning someone. Ups and downs that's what the market does everyone!