Reported 4 months ago
The meme stock frenzy reignited as meme trader 'Roaring Kitty' disclosed a $175 million position in GameStop, prompting discussion on the impact of meme stock rallies on investors and the market. RapidRatings International Executive Chair James Gellert highlighted the frothy market phenomena, warning that not all investors will profit from such trading scenarios and emphasizing that someone loses in this high-momentum environment. While acknowledging profit potential, Gellert cautioned that investors need to be cautious in meme stock trading as not everyone can make gains.
Source: YAHOO