Meme stocks like GameStop (GME) and AMC Entertainment (AMC) are surging in interest after Keith Gill, who goes by "Roaring Kitty" on X (formerly Twitter), posted on social media for the first time in three years. Gill was in part responsible for the meme stock frenzy perpetuated by retail traders in 2021.
Head Moderator of r/WallStreetBets Noor Al joins Market Domination Overtime to give insight into the renewed interest in meme stocks and a potential influx of retail trading.
When asked if this is just a fad, Al responds: "I think we've actually seen the build-up for today's activity over the past two weeks, and even just three days ago when we were talking about DFV [Keith Gill aka Roaring Kitty] liking a tweet for the first time in three years. So there's precedence and there's been a lot of build-up to this moment to today."
#youtube #stocks #news
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12 май 2024
