What is going on with GME? - Stocktrades Canada

I have no idea how to ride the wave of GME. I entered at 98 a couple of weeks ago, sold at 48, bought it back at 58 when it was going back up a couple of days later, then it went down for a couple of weeks so I sold at 49 when it went back up from 40 to cut my losses. Today it just rose to 91.7. I bought in at 82 and sold at 91.7. After hours it seems to be going up to 175. What should I do in the morning? Buy, ride the wave and sell in the PM? Or should I just ignore the GME hype?

I know I am a noob stock trader. Most of my investments are in my RRSP mutual fund and my house. I just started trading the stocks with this GME non-sense. Now my portfolio is more balanced with CISQ, T.TO, FTS.TO, PLTR, ATD-B.TO, BEP-UN.TO, BFLY, BBY, and SU.TO.

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Asked on February 24, 2021 2:25 pm

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Private answer

Hi Nicholas,

To be honest, we have no idea. The action on GME and other WSB stocks are almost impossible to predict and we stay away as we are in unprecendented territory here. All I can say, is that if it were me - I would be booking profits and not holding this overnight.

Outside of that, we don't like to comment on it because there is rhyme or reason to what is happening. Pure speculation and it has nothing to do with the true spirit of investing.

Mat

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Posted by Mathieu Litalien

Answered on February 25, 2021 4:44 am

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