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“GameStop stock surges over 70%—but investors should still be wary of ‘meme stocks’”

“And in 2024, it appears that meme stocks are rallying again. On Monday, GameStop’s share price soared by around 70% throughout the day and trading was paused multiple times due to volatility. On top of that, short sellers lost $1 billion due to GameStop’s sudden price rise, according to data from S3 Partner…”

https://www.cnbc.com/2024/05/13/gamestop-stock-surge-why-investors-should-be-wary-of-meme-stocks.html

Meme stock rallies are for day traders. A random person trying to catch the wave will most likely fail unless they’re in early. Personally I think if you see a rally is already to late. It’s impossible to predict how long any rally will last.

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