Thanks for input all. Anyway. Regarding the meme stocks lately. I can’t see what gme or amc can do to make their current valuation valid. Gme doesn’t produce anything and most people are moving to digital. Why would developers need gme for distribution at all. Doesn’t make sense. Even if they go e-commerce digital route. How do they compete with the likes of Amazon bestbuy even Newegg. I mean there’s a cdkeys.come already. 😂. I’m just trying to think of what people think gme can do to possibly turn things around.
The debate over the value of GME and AMC is never ending, so I dont waste time to try and figure them out. But they are fun to keep an eye on. I now watch several stocks broken down in categories -
1) The QQQ top 10 holdings so I can get the heartbeat of the Nasdaq 100, and place a bet on either the index stock or options.
2) The Banks/Financial group and has the biggest national banks and some regional names. You cant have a tradable intraday turnaround in the QQQs unless the financials participate.
3) The Crypto group - coin miners and holders / marketplaces - 11 stocks
4) The EV stock group - 14 stocks
5) Metals and mining stocks along with GLD/SLV trusts and NUGT/GDX - 10 stocks
6) Solars - 8 stocks including TAN
7) Travel stocks - cruise lines, airlines and Virgin Galactic - 8 stocks
8) REIT stocks and Exchange Traded Notes based on OIL/SILVER and QQQ covered call notes QYLD - 15 stocks
9) Weed stocks - 7 stocks, only the biggest names. No BB or penny stocks.
10) Biotechs - 9 stocks, constantly updating
11) Oil / Energy - 10 stocks. You cant have a great rally on Wall Street unless energy participates.
12) Hoopla stocks - 7 stocks. These names change all the time. One hit wonders, news makers and short termers go here. Includes AMC, GME and NEGG.
13) Small cap Advertising / Media stocks - 7 stocks