Quote:
Originally Posted by sa226
If you're good at trading, I think there's still money to be made. If you're late to the show, I think you're going to be disappointed.
Average day to day volume on GME last week, 3/4 of a billion dollars. Today? 27 million.
AMC might still have some legs. But one analyst came out today and set a price target under a dollar. Read into that what you will.
I think the notion of "sticking it to the man" was flawed anyway. Even among retail investors, if you leave the morons as outliers, the wealthier you are, the more you could risk on these plays. The rich just get richer.
As far as silver goes. SLV I think is a bit of a distraction. With the attention, the funds were probably actively trading it today. Physical silver or silver mining are still decent long plays in my opinion.
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It's 27M shares, not dollars. That's still about $7B dollars which is still more money than has traded on AMC today