Something about this Reddit Frenzy doesn't sit right with me. They say never make emotional decisions when it come to purchasing stocks. This 'jump on the bandwagon' approach is causing the plebs to pump billions of dollars into the market. People who know nothing about buy or selling stocks are for the first time buying because everybody else is doing it and there is money to be made. Did you know that AMC theaters was on the verge of bankruptcy because of the pandemic? Because of the Reddit frenzy they were able, this week, to erase a $600 million dollar debt from their books. This frenzy has become a tax on the poor to rescue the rich. Most people are refusing to sell their stocks. Remember money is never lost in the market, it is merely transferred from one side to the other side.
