First Time Investors Could Be Ultimate Casualties Of Gamestop Gamble
The warnings come as Robinhood, the trading app many individual investors used to buy the company’s stock in a bid to inflate its price and thwart the hedge funds in their bid to profit from its demise, came in for renewed scrutiny from regulators and criticism from a number of sides. Peter Hanks, a DailyFX Strategist, said the GameStop (GME) share price will likely continue its downward trajectory, in response to Robinhood and other apps delisting it yesterday, and warned that first-time investors may be left learning “harsh truths” about investing....