) short squeeze of 2021. The Kobeissi Letter Editor-in-Chief Adam Kobeissi and IG North America CEO JJ Kinahan join Catalysts to discuss what to expect from the meme stock surge.
For more on the meme stock rally, we have two experts joining to give us their take on Game Stop A MC and others.I want to start with you JJ because I'm curious, the legs that you see to the movement that we're seeing here.Well, it's really interesting, Madison, you know, uh uh through our tasty trade brokerage, we didn't really see as much participation yesterday to be quite honest with you.And so today, we're seeing a lot more interest in, in both of those names.
And why or why not starting to feel like it is, I think uh yesterday, you know, everyone was a bit skeptical if this was gonna last or not today, it's clearly lasting. And I think that's why it's kind of the same cycle again, but maybe the, the skepticism this time around got more, got more people into that short trade.I mean, in the pre market, you saw a gamestop go from up 50% up 100 and 30% back to up 80% in a matter of 20 minutes.A lot of these funds are trying to say maybe we should just stay away to both directions JJ.Probably not.You know, Adam talked about the pre market moves there.
So, the biggest thing I would say is if you go in and play this stock and it's not one that you normally do, please do it in a very small manner because the movements are happening so very quickly overall.
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