AlphaOmega Advisors founder Peter Cecchini, the former chief market strategist at Cantor Fitzgerald, expects “the fantasy narrative” surrounding GameStop’s (GME) surge “reverts to reality” at some point.
Cecchini, who points out that Gamestop’s “fundamentals under no circumstances justify the valuation,” believes that the retail traders who feel they’re up against the hedge funds are going to be the ones “left holding the bag.”
“The only way the stock can go up in value is…
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