What I totally forgot to mention is that the ''Meme stock of the year'' award goes to MicroStrategy, holy crap, what the heck is going on? Last week it was up about $500 (from $900 to $1400) and today it's up almost $200 again, I totally missed out on this. This is a software company with a yearly revenue (2023) of about $400 million and a net income of about $40 million, so nothing special. But they bought a lot of bitcoins which apparently justifies the ridiculously high stockprice? How is this even posisble, shouldn't this stuff be regulated by the SEC? I mean bitcoin is not their main business. I believe Musk also tried this with Tesla years ago, but then he had to sell all of the bitcoins, because Tesla is all about clean energy. But Wall Street truly is a casino which barely makes any sense LOL. https://finance.yahoo.com/quote/MSTR/
Congrats with Robinhood, I saw it touched $19 last week. But you see what I mean with pump and dump? Bitcoin took a massive nosedive (-$5000) and I hope Coinbase won't do the same coming week. MicroStrategy is still out of control, apparently they now sit on bitcoins worth $5 billion, and they keep buying it with lent money, now what can go possibly wrong?
