Holy cow, it’s Friday again! Smell the weekend?
🎵Tune in to feel the weekend mood🎵
Just when you thought the meme stock mania is a tale from the past, GME and AMC came back from the dead with a double-digit rally this week.🚀
AMC shares closed up 36% yesterday (its highest close since May 12, 2017), while GameStop was up only by 4.9%. And that’s how short-selling rocks the market. Literally.
Speaking of which - the more the meme stocks grow, the more money is sucked out of the short squeezers - they’ve already lost $754 million after Tuesday’s rally!😲
Take Melvin Capital, an American investment management firm. It’s now on the verge of total collapse after doubling down on their $GME shot.💥
The lesson? Short selling is really risky.😏
Some investors are panicking, others are anticipating big gains, AMC continues soaring… Meanwhile:
Anyway, we bet there are two things you don’t know about Elon Musk😏:
1) That he’s almost finished building a neon-lit tunnel in Vegas. The official launch is in June🚀.
2) He heads The Boring Company that now gives free rides through that neon tunnel.🤑 Cool, huh?
Guess Elon Musk’s another plan, which is to shut down BTC, is coming to life - Iran bans bitcoin mining as its cities suffer blackouts and power shortages.
That’s it for today, Fantasy Warriors!
Visit Disneyland, refrain from short-selling, and have a terrific end of the week!
Always-rallying yours,
Fantasy Invest Team