Did you hear that Roar?
Prospero.Ai 5/13/24 Trading Letter
Well Roaring Kitty decided memestocks were back on the menu and boy did everyone follow. This is a bit of a savvier audience than my investing letter but I still think this disclaimer on meme stocks is important:
Memes are dangerous, much like 0 day options because robots are FAR better positioned to know when to get in and out for two big reasons.
They are analyzing WAY more price and market data than you can fathom and get better execution
They can read all social media data at the same time and you cannot (if you can then that’s good lol)
In this letter
Market Update
Sector Update
Market Cap and Value/Growth Performance Update
Portfolio Moves
Best Screener