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The Thrill Is SO Gone

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

No, this isn’t me griping about being bored. I am, but you’ve had enough of that, I’m sure. I am simply pointing out that all the absurd fixation the world had on /wsb and GME is absolutely dying. Need proof? Take a look at GME volume. It is literally down about 98% from its January insanity. The stock has become totally boring.

Naturally, the IV Rank has crashed from about 100 to about 0. Dreams of GME going to quadruple-digits are clearly laughable now. All this “ape strong” nonsense will die out once all those call options expire worthless.

And it isn’t just GME. Take a look at the other fanboy favorite, AMC, which was the topic of the genius below who made “a little bit of a hobby” of what she referred to as “day trading”, which evidently means placing a trade during the daytime. In any case, as the stock has dropped from her $15 purchase down to the single digits, let’s just all agree her price target (oh, sorry, let’s be hip………..her PT) of $2,000 is a fantasy.

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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