GME crumbles to $153 after brokerages kneecap meme stocks

News

The squeeze might be over

It’s a rush to the exits in shares of GameStop in what could be the end of a legendary market episode.

I hate to see something like this end because of brokerages and regulators, rather than the natural moves in markets.

As I often say though: There’s always another trade.

The community at WallStreetBets has doubled this week alone and they’ll move onto something else.

Update: In the time it took me to write this, shares are down to $126.

For bank trade ideas, check out eFX Plus

Articles You May Like

Gold Technical Analysis – It’s a make it or break it moment for gold
US Dollar closes a winning week on strong UoM data
​Breakout Stocks: How to trade CDSL, Indian Hotels and Page Industries on Monday?​
Forex Market Pauses Ahead of US Retail Sales, UK GDP
US Dollar goes in search of sixth consecutive days of wins in volatile trading Friday

Leave a Reply

Your email address will not be published. Required fields are marked *