Genuine question, do you guys think AMC is done? Is it finally done pumping? Looks like its slowly going back to its original value.
Thoughts?
Personally, I think its over. These stocks are two runs usually and then fade. I would look for new opportunities as your money is just sitting there while the market as whole is on a huge melt up (SPY/SPX has been straight up since Jan/Feb and QQQ is catching up). I personally think QQQ or large cap tech is going to have a big run this fall/Christmas. There is normally a seasonal correction/downturn for 1-2 months in August/Sept/Oct but its hard to see what catalyst will bring down this market. The next Fed meeting is mid September (FOMC).
For meme stocks, I like BB given the stable chart and lack of huge second run but I don't place a huge amount there (I put 1K of 2023 options which I am ok to lose and can run up huge compared to shares).
What is your portfolio composed of? If you have a breakdown it will help see where you are at.