Reported 4 months ago
GameStop's shares are rising due to Roaring Kitty's post revealing a $175 million position in the stock, with Interactive Brokers Chief Markets Strategist Steve Sosnick commenting on the meme stock phenomenon. Sosnick sees meme stocks as market froth and questions the motives behind such posts, preferring value-oriented investments. He suggests considering whose best interest is being served by these accounts, emphasizing the need for caution amidst the meme stock rally.
Source: YAHOO