GameStop and AMC Entertainment, two ailing companies that the group predicted would take off in a short squeeze for the ages.As the stocks rocketed upwards, they liquidated other positions so they could put more into both of them.
Then they celebrated by watching “The Wolf of Wall Street” together. Aiden, who asked not to use his full name, confidently predicted that his investment would shoot to $40,000. “I was definitely cocky.
We were all cocky,” he said. “I thought it was going to the moon. Everyone on Reddit said it was going to the moon.”AMC has had a brutal year, as the pandemic forced theaters to close worldwide and led to a near-total loss of revenue.
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