The Gamestop (GME) episode will forever have its place in stock market lore – but that moment is over. GME reported 4Q22 earnings Tuesday afternoon and – unsurprisingly – no turnaround is in sight and the business remains in terminal…
When we see money piling into stocks or sectors strictly because they are going up, because speculative traders see the possibility of profit by jumping on a trend. This is momentum investment on steroids, when speculators see a trend and…
Monday after the close I suggested that the NASDAQ’s rally off last week’s lows might be petering out due to rising interest rates and resistance at the 50 DMA. Tuesday’s 1.95% rise in the NASDAQ combined with the continued rise…
Gamestop (GME) reported 4Q21 earnings Thursday after the close. The holiday quarter is their strongest but it was not a good one. Revenue was up only 6% year over year and they lost $1.86/share. For the full year, GME lost…
Meme stock AMC Entertainment (AMC) reported 4Q21 earnings Tuesday afternoon. Gamestop (GME) will report later this month. Both stocks surged higher last year on massive short squeezes. Hedge fund Melvin Capital lost more than 50% and almost $7 billion shorting…
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