RE:RE:RE:RE:Gatekeepers New memberI would agree with your comments. There are always MOMO players out there who will trade for a quck profit, perhaps exaggeratated by first time "Robin Hood" traders who opened accounts during COVID to try something new.
retiredcf wrote: You have to bear in mind that covid has resulted in about half a million people opening new trading accounts. They are mostly bored youth who are looking to make a fast buck. As such, they are not investors but gamblers who are drawn to stocks purely on momentum. Forget fundamentals, they will ride the wave and then if they're lucky, jump off as soon as it crests.
As mentioned, volume has decreased as there haven't been any NRs for a few weeks so many of these gamblers have moved on. None of that changes the long term potential of GSI. GLTA