For those unaware. Ryan Cohen CEO of GameStop announced a dividend that will be distributed to shareholders in the form of a Warrant. (Stock terms if you want to look them up)
A "Dead Cat Bounce" is when a stock / market is rapidly falling in value and appears to briefly recover with an upward trend, only to continue falling to new lows.
For those unaware. Ryan Cohen CEO of GameStop announced a dividend that will be distributed to shareholders in the form of a Warrant. (Stock terms if you want to look them up)
The Warrants will be distributed on Oct 7th.
This is going to destroy the short hedge funds.
What does that mean for my 401k?
My guess is the white hats have prepared for this. They wouldn't let everyone's 401k be destroyed.
However, it may cause the market to dip for a while.
If I (ME) had some stocks in the green with decent profits, I would sell them and then buy back in after the market goes down a bit.
(Keep in mind this is not advice, just my personal opinion, we are in uncharted territory)
Also, stocks with a lot of short interest may squeeze along with GameStop.
Another reference to rain
u/#q948
A "Dead Cat Bounce" is when a stock / market is rapidly falling in value and appears to briefly recover with an upward trend, only to continue falling to new lows.
Ohh nice catch! I saw that post but never realized the connection to the other post with "rain"
Simply brilliant anon. There's ANOTHER connection to GameStop.
Also brilliant how they made Keith Gill's name "Roaring Kitty" (dead cat bounce)
I believe he is an actor in the movie.