I wouldn’t advise regularly listening to Papa Ball about financial strategies. This is the same man who lost two of his own sons from his own company, when Lonzo and LaMelo decided to part ways with Big Baller Brand.
Yet, Ball might have a point here. This is a historic event that could go down as one of the most successful takedowns of the 1 percent. Professional investors, who had been betting on the demise of Gamestop and AMC, have lost billions of dollars in the last few days as retail investors banded together and pumped up the price.
No one knows when Wall Street and the 1 percent will end their revenge tour on the poor and middle class. But if retail investors can hold on to their head of steam, It could cause a major shift in the power dynamic between the super wealthy and middle class America.
And now we have LaVar Ball trying to help lead the revolution.
Article Appeared @https://deadspin.com/lavar-ball-says-never-sell-amc-stock-but-proceed-wit-1846151488