$GameStop (GME.US)$ stock — the next pick on this list of me...

$GameStop (GME.US)$ stock — the next pick on this list of meme stocks — I’m going to start by borrowing some words from fellow InvestorPlace contributor David Moadel. In his piece, Moadel gives a thorough account of the beginning of the meme stock movement, back when retail traders beat Wall Street at their own game.

“In late February […] short sellers who bet against GME stock lost $1.9 billion in two days. By late May […] those shorting Gamestop had sustained a staggering $6.7 billion of losses in 2021 […] Fast-forward to mid-November 2021, and the share price is hovering near $200. GME stock defies technical analysis, just as the Reddit users defy traditional investment principles. The stock goes wherever it wants to, so predicting its path is neither possible nor relevant.”

Moadel has a point; GME stock continues to move unpredictably. There isn’t much else to say here. If you already own shares, it makes sense to hold this pick because it could easily spike again.