Roaring Kitty's return to social media sparks meme stock rally
Roaring Kitty, a prominent figure in the 2021 meme stock phenomenon, returned to the social media platform X (formerly Twitter) and sparked a rally in notable meme stocks in Monday's trading session. With a single post on X, stocks such as GameStop (GME), AMC Entertainment (AMC), and BlackBerry (BB) experienced significant gains. To provide insights into this resurgence of the meme trade, tastylive Founder and CEO Tom Sosnoff joins Market Domination.
Sosnoff acknowledges that after a relatively slow period in the market (^DJI, ^IXIC, ^GSPC) over the past few weeks, this meme stock rally "was really welcomed" as "another level of excitement." However, he notes that while these meme stocks are experiencing significant upsides, he does not view the current situation as comparable to the surge that occurred in 2021, which he describes as "a transformational moment."
Addressing the potential investors behind the buying frenzy, Sosnoff told Yahoo Finance: "What happens when you have a move like what you're seeing today is that a lot of the high-frequency firms, after they learned their lessons in 2021, they tried to get ahead of it. So, a lot of the volume is high-frequency firms and market-making firms that know that there's going to be customers coming in on the buy side, so they're just trying to get in front of it so they have some inventory to lay out."
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Пікірлер: 58
It seems like a solid way to generate extra income, but I wonder how it would affect one's portfolio in the long run.
@JimRex-sf8bt
11 күн бұрын
I've dabbled in covered call trading before. It can be lucrative, but if not planned well, it could lead to significant losses, especially in a volatile market.
@Stevierockie
11 күн бұрын
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@SantosCliff
11 күн бұрын
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@RockRex-lx7lg
11 күн бұрын
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@Stevierockie
11 күн бұрын
I just googled the name you mentioned, I am quite impressed with her credentials. I will get in touch because I need all the help I can get, and consequently schedule a phone call. Thanks.
Roaring kitty sparking billions of dollars in activity my skinny arse, Apollo!
Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.
@Stephine-un5zs
16 күн бұрын
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
@Manselus-mn1mn
16 күн бұрын
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@SirBenjamin-oq1wd
16 күн бұрын
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@Manselus-mn1mn
16 күн бұрын
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@SirBenjamin-oq1wd
16 күн бұрын
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I hope this ends up being bigger than 2021. Make it look like a warning shot and this is the bomb. In 2021 they showed their hand, but the people showed their power. Unfortunately we didn’t know how rigged the game is, now we do. I would say stock jump as soon as “regulators” try to tamp down the stock move to another pump dump buy pump dump buy. They can only keep up for so long without truly showing how dirty and rigged the game is.
Its nothing to do with roaring kitty the CAT system coming. idiots shorted 112 million more AMC yesterday this is going to 300+ easy
24% short is a completely different case than the 130% that made buying brilliant.
The hubris to so confidently attribute causation of the price action to Keith Gill, let alone at all, is mind blowing. Who gives you the script? Citadel? Virtu?
it will be greater than the 2021 squeeze!! this guy is a fool
He's playing this down
@jjshow8572
15 күн бұрын
Lots of people getting cutbacks to say certain things on tv
Its FFIE monday was 4 cents today $1.96. 95% is shorted
“Pretty clean fun“ while the short sellers cheat and do absolutely anything to beat retail investors
GME $278 AMC $24+
Just increased my holdings in Revux. Feeling confident about this one!
If you're looking for a solid x100, Revux should be on your radar.
Revux team is top-notch. Expecting big developments soon!
Presale investments have been my go-to, and Revux is my latest pick. Early birds catch the worm!
Bullish!! I wish they would stop calling it a “meme” trade since it is a real company with real employees and families. I don’t think they want to have their livelihood called a “meme”
@ShaolinWulf
16 күн бұрын
I agree
@skyak4493
16 күн бұрын
It is called a meme because that is why the stock moves. If it was about investment it would only go down. I am sure that the employees care far less about what the stock is called than the fact that their employer will be able to sell overpriced shares rather than lay off employees.
@Luke-ih1oc
16 күн бұрын
@@skyak4493you have no idea why the stock moves. No one does. A single tweet didn’t cause AMC and GME to trade their entire floats in a single day.
Been tracking Revux development. Impressed with the progress!
Revux whitepaper blew me away. RVX is the future of crypto!
Revux low presale price is a steal. Time to load up!
GME need to close at 34$ by Friday,💯
Revux roadmap looks promising; exciting times ahead!
In the next bull run, keep an eye on DOT, VRA, and SOL, but don't overlook Revux RVX.
AMC stock is the new Bitcoin!
Lock In
FUD?
Revux use case is exactly what the crypto world needs.
LCID?
We have not left lmao. 🚀
this has already aged like milk
I don't have any share I don't have job, and income 😭
It's the state of modern days Stock Market, follow the hype, forget the fundamentals. Seems like the audience into Sports betting are now switching it for the Stock Market.
Who the heck is this guy?! Bullish on gamestop! How do I follow this Tom guy so I can unfollow him shortly after?!
@jimsmith7716
16 күн бұрын
He's an OG. He's in the GME documentary , Respect the guy!!
@ShaolinWulf
16 күн бұрын
@@jimsmith7716 My bad. I'll check him out. Emotions running high lol.
FOMO simple
TLRY SPCE
Roaring kitty is all outa cash. Hence the return.
It seems like a solid way to generate extra income, but I wonder how it would affect one's portfolio in the long run.