1 February 2021
The GameStop WallstreetBets party is OVER -( - $GME $AMC
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Summary
Believing the GameStop/AMC mania is ending, he sold half his 400 AMC shares and roughly 70% of his GameStop holdings. AMC gains fell from about £11,000 to roughly $5,000–$6,000; he keeps 200 shares and six GameStop shares around $222. He criticizes WallStreetBets’ YOLO culture, noting growth from 1.8 to 8 million members and preferring conventional long-term investing in established companies.
Insight
Caution replaces excitement: despite regret over earlier sales, he prioritizes preserving gains.