I think the meme stock frenzy may continue a little more, but overall its not going to be as big as 2021.
I think the meme stock frenzy is near the end of its run. My main reasoning behind this is due to the fact that its simply not as funny as it used to be, and with GME dropping over 50% the past two days, I think its losing steam. I mean, when Jim Cramer is right about something you know that is a bad sign. With that being said congrats to those who bagged from this recent uptrend and whether you agree with me or not, I hope you at least took profits near the top so you could buy back at a lower price again.
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I am a student of computer science and finance with 5 years of experience in investing in both stocks and cryptocurrency
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Parkway_Drive21 : They said it was over last time, yet here we are - time and time again. It's not even remotely over just because they did their usual suppression tactics. This wasn't even fueled by retail, so it doesn't matter what steam we do or do not have.
Aaron Invests (AI) : Bruh at least those who played it have some fun. Hope they don't get burn along the way. Yes I took profit and double down at the dip. It may be Able to roar again. Probably not as fast as they (the regulators) won't make the same mistake and is getting tighter.
Still bullish.
We might be wrong.
Mike Livingston OP Parkway_Drive21 : Well see where the price is one month from now and if its higher than 58 dollars I will admit I was wrong.
Mike Livingston OP Aaron Invests (AI) : Yeah it definitely is fun, which is what investing is all about lol.
Mike Livingston OP Parkway_Drive21 : Damn hows that steam doing?
Parkway_Drive21 Mike Livingston OP : ? What steam? Did you not understand there was no retail steam? This whole thing was institutions. I've been here for 3 years, you think this bothers me? Lmao