Business
‘Don’t be that sucker:’ traders warn against joining AMC rally – The Australian Financial Review
The chances of getting badly burned and losing money on this trade are now very high.
Heres what market players are saying about the risks and outlook for AMCs shares:
Joachim Klement, a strategist at Liberum:
By now many studies have been done on the GameStop frenzy in January and they all point to the fact that retail traders can distort prices for a short while, but they on average dont make money with it and in fact lose money doing that.
Institutional investors should ignore these meme stocks and wait until the share price has settled down. Like in every bubble, the retail investors…
-
Noosa News12 hours agoWoman dead and man rushed to hospital with gunshot wound following crash near Aussie World on Queensland’s Sunshine Coast
-
General18 hours agoBoy dies after being trapped between rocks off NSW beach
-
Noosa News19 hours agoFarmer Fred Perry’s 30-year conservation project creates bird haven after years of ‘bashing and burning’
-
Noosa News19 hours agoDetectives continue to search for answers on Crystal Beale’s death