As social media has stoked interest in an assortment of stocks that recently were being shorted by hedge funds, Robinhood and similar, low-cost trading and investing platforms have served as an important tool. On Reddit, in particular, a community of day traders has organized to send the price of multiple …
Read More »Michael Sincere’s Long-Term Trader: It’s safe to buy stocks when the S&P 500 is above this level, but now is not the time
I’ve been getting a flood of emails from acquaintances eager to buy digital currencies, calendar spreads (a complex options strategy), foreign currencies, penny stocks, and any company that claims to cure the virus. In a bear market environment, when investors are understandably nervous, get-rich-quick investments will be peddled on the …
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