GameStop / Reddit News

[Stacktastic]

On 17/06/2021 at 22:29, Kraken said:

I actually believe that GameStop is a good turnaround play

When all the free hand outs stop, inflation kicks in & people are sacked, the money may flow out of stocks like this, they will get dumped to p[ay mortgages and 3x price grocery bills
Whats the holding money in this out of interest? i bet its just retail investors, many of which may be bag holding?? I cant see institutions spending much time in this stock - way too risky. 

Better meme stock businesses to put money into, but personally I am out of the market outside of gold & commodity dividend plays, although they are also short term over bought and due/are having a correction now. 

One Meme stock I think has some future value is GNUS - its a kids cartoon channel, watch it pop in a few days when they laugh kindergarten super hero. 
Its easily a $10 stock, but its been a real pain in the backside - very unpredictable & volatile. Not for me thank you. 
Im also in events so need to watch what i invest into going forward given the news last week. .

Im not repeating Harry dent, just my observations, but I can see the markets selling off by the end of the month - mid July.
Im no expert but I have been watching it everyday this year and things are changing fast. 

Edit - I was working yesterday - just seen this, this is not great LOL. I bet Elon is smiling

Edited June 19, 2021 by Stacktastic