$AMC Ent Holdg
Enough is Enough. Stop fooling others to jump of a cliff in the hope they land on a mattress that saves their life and makes them rich.
If things were that easy, we will not have e
a working class slaving for the rich.
If you want to be rich, do it slowly, step by step.
The investment newbies who lost money speculating on GameStop Corp. shares made a classic mistake: They tried to push up the share price through their own purchases.
That did not work and never has, says Lasse Pedersen, a finance professor at Copenhagen Business School and a principal at AQR Capital Management, the big Greenwich, Conn.-based investment manager. He spoke in his academic capacity on Feb. 19 in a webinar hosted by Princeton University economist Markus Brunnermeier.
By buying shares to make them go up, you’re acquiring them at steadily higher prices. When you start to sell and your selling inevitably pushes the shares back down, your average sales price will be lower than your average purchase price, which is a long way of saying you will lose money, Pedersen said.
As I have and keep saying, If it is not the companies performance that is driving the stock price up, it is not worth the risk. Specifically if you are new to the market. Please be careful young people and new investors. Trust experience.
I am not saying this stock amd others like it will not go up on hype and retail investors driving the pps higher, the problem is, it is not sustainable, it will come crashing as most will want to sell to take profit.
I hope this helps.
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