by Recyclersteve » Tue Oct 03, 2023 3:48 am
This trending stuff also happens big time in the stock market. For anyone interested, there is a movie coming out soon about stocks like AMC, Bed Bath & Beyond, etc. It is called Dumb Money and I have vowed to watch it at least twice. I absolutely can’t wait to see it, and I’m quite certain that representatives from various hedge funds will be there taking notes and devising counter-strategies for when a stock goes up 500-1,000% in, say, 2-4 weeks.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.