Cash continues to pour out of cryptocurrencies and again into meme shares similar to AMC Leisure (NYSE: AMC). Just lately, institutional investor Mudrick Capital purchased 8.5 million shares of AMC solely to promote them shortly after.
That’s no coincidence.
In at the moment’s video, Chartered Market Technician Clint Lee breaks down what’s behind this newest rotation … and why these sorts of trades may be harmful for buyers.
Extra importantly, he reveals why the chance in vitality storage can supply excessive returns with out all of the loopy danger.
Don’t Fall for FOMO
Clint explains how FOMO, or the “concern of lacking out,” performs a job within the meme inventory rally that you simply’re seeing at the moment.
It doesn’t matter what indicators or charts you have a look at, it’s laborious to foretell the proper time to promote with regards to a majority of these shares. The chance can result in a devastating blow to your brokerage account.
Watch at the moment’s video to find:
- The connection between crypto costs and meme shares — is it a coincidence that bitcoin went down whereas AMC went up?
- Three key components that led to the surge in value for GameStop and AMC.
- Why investing in these dangerous shares is on par with playing your cash away, irrespective of if you happen to’re a short-term or long-term investor.
- How this vitality storage exchange-traded fund (ETF) will produce larger features and be a safer funding than any meme inventory.
- And extra.
Click on right here to look at this week’s video or click on on the picture beneath:
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Writer, The Bauman Letter