luckylotteriessuperjackpot| "Return of the King"! GME and AMC soared for the second consecutive day, and everything was like 2021 repeating itself

"King.LuckylotteriessuperjackpotThe return "! GME and AMC skyrocketed for the second day in a row, and everything seems to repeat itself in 2021

What I saw on Wall Street

GME and AMC surged 60 per cent and 32 per cent overnight, their highest levels since 2021. Headphone maker Koss rose 40 per cent, BlackBerry 12 per cent, Tupperware 17 per cent, Reddit, the retail stronghold of US stocks, 7 per cent, and online celebrity brokerage Robinhood nearly 7 per cent.

The second day after the high-profile return of the US stock "king of retail investors" Keith Gill to the social platform X, retail investors launched another onslaught on meme stocks, forcing the market to continue to be high-profile.

Among them, the shares of video game retailer GameStop (GME) and film group AMC Entertainment (AMC) continued to soar. After a staggering 73 per cent and 77 per cent gains on Monday, overnight GME and AMC continued to soar 60 per cent and 32 per cent respectively, the biggest since June 2021 and January 2021.

In addition, a number of retail stocks rose sharply overnight. Koss, a maker of headphones, rose 40 per cent, BlackBerry 12 per cent, Tupperware 17 per cent, Reddit, a retail stronghold of US stocks, 7 per cent and online celebrity brokerage Robinhood nearly 7 per cent.

GME's shares have almost tripled since Friday's close, and its market capitalization has jumped to about $18 billion. Trading volume at GME and AMC on Monday was 15 and 20 times their 20-day average, respectively.

This astonishing crackdown on bears is not insignificant. Short sellers suffered paper losses of $1.6 billion on Tuesday, bringing the total loss since Monday to $2.4 billion, according to analyst firm Ortex Technologies.

Ihor Dusaniwsky, managing director of S3 Partners Forecast Analysis, said:

Tuesday's loss will cause many bears to get out of control, and they will push GME's share price higher by buying cover.

For this crazy market trend, there is a bear that is very confused. AndrewLeft, founder of Citron, said:

It's ridiculous, but it's all part of a free market.

Some analysts believe that the market dominated by such speculation is unlikely to last for long, and the situation today is different from that of 2021, such as a significant rise in interest rates.

It is worth noting that Bill Gross, a former chief investment officer of PIMCO and an old debt king, began to choose a more "lie down and earn" approach. He sold call and put options on GME and AMC on Tuesday, betting that the stock would not move much in either direction.

Has "retail investors beat Wall Street" entered the next level?

Risk reminder and exemption clause

There are risks in the market, so you need to be careful when investing. This article does not constitute personal investment advice, nor does it take into account the special investment objectives, financial situation or needs of individual users. Users should consider whether any comments, opinions or conclusions in this article are in line with their specific circumstances. If you invest accordingly, you will be held responsible.