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Investing $1 into both "meme" stocks
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Commented on a different post, but I'm genuinely curious if anyone can actually explain this to me.

If AMC hits a ceiling of 500k (significantly over estimating) investing 1 dollar into it right now will yield 18,500 if you hit the peak.

If GME hits a ceiling of 10,000,000 (significantly underestimating) and you invest 1 dollar right now, you make 40,000 hitting the peak.

From what I can tell, your money is so much better spent on GME. A 1 dollar investment in both today, even with AMCs recent surging, still doesn't even come close. Even if GME were to peak at 5,000,000 (which is won't) you still make more investing in it during a disappointing squeeze that AMC in one that's above any and all predictions.

The choice should be clear at this point. I don't understand why anyone is continuing to invest into AMC. Can someone explain it to me?

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3 years ago