Interactive Brokers founder and chairman Thomas Peterffy says that meme stocks such as AMC can reach “unimaginable highs.”
Warning short sellers to resist temptation, Peterffy told CNBC in a recent interview that the value of meme stocks could easily soar. “It is extremely tempting to short these stocks, please try to resist the temptation because these prices can go to unimaginable highs before they settle down to a reasonable valuation, and you may have to cover on the high point,” the chairman of Interactive Broker says.
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