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GME tumbled after uneventful annual meeting: Is the hype fading?
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Winners announced! Who is the best US stock investor?

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Moomoo AU joined discussion · Jun 4, 2024 18:40
After weeks of intense competition, we are thrilled to announce the winner of our US Stock Paper Trading Competition!  
The competition received enthusiastic participation from mooers, with a total of 1117 mooers signing up!
The most exciting moment has arrived! Let us congratulate the top three finishers of this competition!
Winners announced! Who is the best US stock investor?
The Champion: @Surf At Risk
The champion earned from $GameStop (GME.US)$.
He made a wise decision and purchased GME stocks on May 10th, ahead of many other investors, and has been repeatedly trading in the short term, adopting a day trading strategy.
After a few quiet days, WSB concept stocks rebounded again today. On June 2nd, Keith Gill (nickname DeepF—Value) on Reddit posted a screenshot showing the purchase of 5 million shares of GME for $21.27 per share, totaling $106 million. This is the account's first post in three years, but the authenticity of the screenshot has yet to be verified. However, the stock price of GameStop has risen significantly before the opening on June 3rd.
Assuming no unexpected events occur, market sentiment is expected to continue to ferment. Since Meme stocks are more driven by emotions than fundamentals, the stock price will likely fall after the hype ends and market sentiment decreases. Adopting a day trading strategy to obtain arbitrage opportunities and avoid blindly chasing after high prices is more stable.
TOP2: @VijayG
VijayG's largest holding was $AST SpaceMobile (ASTS.US)$.
This trader closely monitored market trends and news and has made multiple short-term trades on the ASTS stock. The earliest purchase was on May 18th. For investors, tracking investment opportunities through observing abnormal stock price fluctuations can be a good way to follow news and market trends.
On May 16th, ASTS rose 68%, driven primarily by the news that AST SpaceMobile had entered into a definitive commercial agreement with AT&T to provide a space-based broadband network directly to everyday cell phones. Similar news occurred again on May 29th, when the companies announced plans to target 100% geographical coverage of the continental U.S. from space on premium 850 MHz cellular spectrum, which drove the stock price up by 69%.
It should be noted that this strategy requires investors to have a high degree of market sensitivity and quick response ability, as market reactions to news are often short-lived and unpredictable.
The third-ranked user's profit came from $NVIDIA (NVDA.US)$.
This mooer held stocks for a longer period compared to the first and second-ranked traders. This user bought NVIDIA on May 8th and has patiently held it. Patience paid off as the stock price experienced a significant increase after NVIDIA announced its quarterly earnings report.
NVIDIA's first-quarter sales and profits exceeded expectations, and the company made robust predictions for the second fiscal quarter. It also announced a 1-for-10 stock split effective June 7, 2024, and raised the quarterly cash dividend from 4 cents per share to 10 cents per share.
This investor had a good grasp of the buying opportunity for NVIDIA, which has been experiencing a decline in stock price since March. Warren Buffett once said, "Our goal is to find an outstanding business at a sensible price, not a mediocre business at a bargain price."For investors, having patience and waiting for the right buying opportunity is crucial.
And congratulations to the top 10 mooers who topped the leaderboard!
@DrunKieRo0⁰ @151189775   @Blizzard Strom @Stoobs @Chris 151317597 @151143763 @炒股败家
Winners announced! Who is the best US stock investor?
Once again, thank you to all mooers for making the paper trading competition such a memorable experience!
If you haven’t won yet, don’t despair! Our Papertrading Competition Season2 is coming up on 17 June! And the champion of the competition will be awarded Ten NVidia (NVDA) shares, you still have a chance to win big prizes! Stay tuned!
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Winners announced! Who is the best US stock investor?
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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NVIDIA
-- 140.110
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Rigetti Computing
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IonQ Inc
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