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Billionaire Ray Dalio Just Bet on GameStop Stock.
$GameStop (GME.US)$ $AMC Entertainment (AMC.US)$ Recent 13F filings show that Ray Dalio’s Bridgewater Associates purchased a position in GameStop stock.The hedge fund also purchased a sizable position in rival meme stock AMC.This could signal to the market that the hedge fund is advocating for a risk-on approach to equities
GME stock and AMC stock are two of the highest risk equities in the market, so this move is interesting. Perhaps Bridgewater is viewing these companies as high-leverage “option-like” stocks to buy to gain exposure to upside rallies.
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Anonymous Investor : Trying to put AMC & GME against each other. Both the same play we're all a team
notWarren : I’m an independent investor who is not part of any coordinated “team,” and I love the fundamentals of GME!
JulianMackie OP notWarren : You can always keep your attitude.
JulianMackie OP Anonymous Investor : Great!