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Learning & News => News related to Crypto => Topic started by: sirty143 on May 16, 2024, 04:40:11 AM

Title: Gamestop, AMC Shares Plunge as 'Roaring Kitty' Keeps Posting Video Clips, Memes
Post by: sirty143 on May 16, 2024, 04:40:11 AM
Gamestop, AMC Shares Plunge as 'Roaring Kitty' Keeps Posting Video Clips and Memes

On Wednesday, while equity markets experienced a rise following the release of the consumer price index (CPI) report, Gamestop’s stock GME tumbled 34%, and AMC’s shares fell more than 25%... See more for yourself here (https://news.bitcoin.com/gamestop-amc-shares-plunge-as-roaring-kitty-keeps-posting-video-clips-and-memes/).

Your opinion is greatly appreciated.
Title: Re: Gamestop, AMC Shares Plunge as 'Roaring Kitty' Keeps Posting Video Clips, Memes
Post by: TomPluz on May 16, 2024, 03:05:22 PM

The surge of GME and AMC (as well as some copy-cat memecoins) for no reason at all aside from the resurrection of Roaring Kitty is telling us something: when something rise for no big and solid reason at all, it can plunge anytime for no reason at all. At any rate, I am sure this short run is a big blessing for those who immediately take advantage of the opportunity to sell at a hefty price and then maybe buy again the same asset later for a good profitable difference. Now, let's see if there can be developments and updates from this Roaring Kitty guy that can influence the market so we can really say that he has a solid god-like cult following.
Title: Re: Gamestop, AMC Shares Plunge as 'Roaring Kitty' Keeps Posting Video Clips, Memes
Post by: NotATether on May 16, 2024, 03:08:52 PM
Quote from: TomPluz on May 16, 2024, 03:05:22 PM

The surge of GME and AMC (as well as some copy-cat memecoins) for no reason at all aside from the resurrection of Roaring Kitty is telling us something: when something rise for no big and solid reason at all, it can plunge anytime for no reason at all. At any rate, I am sure this short run is a big blessing for those who immediately take advantage of the opportunity to sell at a hefty price and then maybe buy again the same asset later for a good profitable difference. Now, let's see if there can be developments and updates from this Roaring Kitty guy that can influence the market so we can really say that he has a solid god-like cult following.

Actually, don't expect anything different any time soon.

I wonder how companies like Gamestop and AMC are even in a business at this point - they need to declare bankruptcy and close all their locations since their actual businesses are failing. I was thinking that this guy had made a memecoin out of these stocks from what the title read. Ironically that would also take capital away from the real companies but who cares? They're already dead.

Title: Re: Gamestop, AMC Shares Plunge as 'Roaring Kitty' Keeps Posting Video Clips, Memes
Post by: Stompix on May 16, 2024, 04:17:58 PM
Quote from: NotATether on May 16, 2024, 03:08:52 PM
I wonder how companies like Gamestop and AMC are even in a business at this point

I don't know how they can still keep those stores, they still have a ton of them even in Europe but those damn things are nearly always empty despite being mostly in malls with high traffic, pretty sure judging from their revenue n Europe they make like 99% sells online and the rest from in-store, probably more pick-up in store orders than sell directly in store.
They need to let it go and keep the online business running, the physical ones will get them bankrupt, with all memes and roaring kitty tweets in the world.