Reported about 1 year ago
Quattro Securities Trader and 'Einstein of Wall Street' Peter Tuchman expressed concern about meme stock investors, such as those trading GameStop (GME), stating that a majority of them are losing money. He emphasized that investing in such stocks is irresponsible and akin to gambling. Tuchman advised against following influencers on social media who promote these investments, highlighting the risks and losses many inexperienced traders face. He believes that such irresponsible trading behavior may lead to financial ruin for many individuals.
Source: YAHOO