Investing

Meme stock frenzy, ’90s day trading

0


The market conditions and technology in the mania over current meme stock AMC Entertainment are vastly different from day trading during the dot-com bubble of the late 1990s, online brokerage pioneer and former options trader Tom Sosnoff told CNBC on Friday.

“There’s no comparison between the day traders of 1999-2000, and that first transition into online trading, than what we’re seeing today,” said Sosnoff, who in 1991 co-founded Thinkorswim.

“It’s completely different” from the far superior trading technology offered by the online brokerage industry nowadays to commission-free trading, he said on “Squawk Box.” “Remember back then, you basically got chopped alive with the bid-ask…



Source cnbc.com

Mudrick Capital no longer owns debt or equity in AMC, sources say

Previous article

Walmart says stores will be closed on Thanksgiving Day

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Investing