One of the ones I had fun with over the last two weeks is SNDL. I think have spotted one of the main paid pumpers on twitter. He is very successful. His stocks go up. Until they don’t. And they usually end up with a shelf offering and other sorts of dilutions.
Dave Portnoy got burned on SNDL. Blamed it on Robinhood, etc. Got back in. Don’t know if he got out before the shelf offering was announced.
And for those people that think that the SEC has all these rules and regulations and everything is on the up and up...you haven’t watched it close enough. Yeah, some people go to jail. Most don’t.
btw, the wallstreetbet guys kept talking about Gamma Squeeze.
It can happen in reverse.
I am convinced that is what happened with Tesla.
Someone spent some money..dont remember how much...maybe about $80k on puts that are so far out of the money that it makes no sense to buy them. When I saw Will Meade alert it I didn’t pay close enough attention. Sure enough..down Tesla went. I think it was an action to facilitate a move.
I am retired and stick mainly with dividend mutual funds now. But those of us in our generation and even the generation before that saved 20% or so a year and invested had quite an opportunity.
Even during the Obama years and in spite of Obama the markets did well. It may still run a while longer but Biden and the socialists will be strangling the economy by the neck. It is just a matter of time. Even so I remain 30-40% invested and will likely stay that way.
