|Day Low/High||167.80 / 179.49|
|52 Wk Low/High||10.36 / 483.00|
As the market appeared ho-hum on the surface, much was shaking underneath and traders got a jolt.
With few exceptions, there isn't a stock that could bring down this market.
The core business and secular prospects for GameStop are terribly weak. The real pain will likely reside at some bank/broker. Note the weakness in bank stocks.
Let's look at how to play the frothy action on AMC Entertainment holdings.
Today's hot market conjures up thoughts of two decades ago, and approaches to trading then could prove invaluable in the current environment.
Comments about how unsustainable the current market action is are hitting all-time highs, but strong, speculative trading is winning out for now.
It's just a question of how high or low the stock can go.
Let's look at signs of excess in the market and how they compare with past action.
Short and sweet: This is based on the high running emotions of the markets. There's little to it beyond that.
What happened after Citron Research posted a video about GameStop is very troubling.
The charts of GME still look risky to me, and here's the price I'm watching.
My trading strategy? Figure out who is the favorite and calculate the 'line.' Here's how that works out today.
Let's check and see what clues we can glean from the charts and indicators.
Next week we are likely to see some shift in the focus of the market as we move back to macro and big picture issues.
The deep-value Tax-Loss Selling Recovery Portfolio of a dozen stocks handsomely outperformed the S&P 500 and Russell 2000 indices.
I expect the indices will jump around again soon on news about fiscal stimulus.
Opportunity flowed like honey as bad news came out about the pandemic, stimulus and stocks like Fastly, but still no traction for the bears.
Thanks to big gains by Tupperware Brands and GameStop these dozen stocks that languished in 2019 collectively are now up nicely since the portfolio's inception.
GME will be able to standardize business operations through MSFT's cloud-based solutions and expand its video game offerings.
Let's see if this is just another head fake, or the real thing, like that of my personal fave A-Treat.
The idea behind this annual 'experiment' is to identify potentially 'cheap' names with 3 attributes.
There's progress for sure, but still a long way to go. Things could be worse.
Clipping this to my notebook as I think about the gaming market ahead of new console arrivals later this year as well as streaming gaming offerings from Apple , Alphabet , Amazon , and others. "The number of gamers around the globe will top 3 billi...
GME is nothing like a 'White Grizzly' sighting in Montana.
Fossil Group, Michaels Companies and GameStop surged higher on Monday, likely for their own unique reasons.
GME has had a rough run in recent years due to declining revenue and changes in the gaming markets.
This experiment in trying to identify stocks that could come back after dismal year-ago performance isn't going well five months since its inception.
This is likely to be a big retail loser, but here's how you can win with buying puts in M.