Re:Day trader army loses all the money it made in meme-stock...
by zmgsabst on Monday May 09, 2022 @06:49PM
(#31320887)
AMC is up 3x if you bought it before the meme frenzy (Dec 20) — and 20% from where I bought it during the meme frenzy (Apr 21).
S&P500 is up 25% if you bought it before the meme frenzy and 33% if you bought in April, like I did.
People who spotted it early are still well ahead of S&P500 — and honestly, I wouldn’t be mad at 20% vs 33% returns… because that meme frenzy saved AMC.
Of course, I sold when it was 5-6x what I paid… so that’s far and away my best performing stock of 2021.
S&P500 is up 25% if you bought it before the meme frenzy and 33% if you bought in April, like I did.
People who spotted it early are still well ahead of S&P500 — and honestly, I wouldn’t be mad at 20% vs 33% returns… because that meme frenzy saved AMC.
Of course, I sold when it was 5-6x what I paid… so that’s far and away my best performing stock of 2021.