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Momentum Trading vs. Greater Fool Theory

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The recent meme-stock mini-craze got much attention, but the volumes and activity in a wide range of small-cap stocks have seen a marked upsurge as well.  We know that many of you are participating because we have seen an upsurge of customer orders in names like GME, AMC, FFIE, and a slew of other idiosyncratic stocks.  If so, ask yourself whether you’re relying on momentum trading or the “greater fool theory”.

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