Wells Fargo & Co (WFC.N)sharesjumped 2.5% after the lender said it had a prime brokerage relationship with Archegos Capital and that it no longer had any exposure and did not experience any losses. By being unaware of the high level of risk involved in these social media-led activist investment campaigns, people are playing a potentially very costly game," Nigel Green, the CEO of $12 billion advisory deVere Group, said in a note Wednesday morning of the recent retail-led rise in stocks like GameStop and Viacom. "We're in a little bit of a lull here. "It's somewhat of a leadership-less market," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. The valuations can be expected to be wildin both directionsand theres a legitimate risk that novice investors could face a financial hit."
Being unaware of the high level of risk involved in these social media-led activist investment campaigns will never happen.
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Being unaware of the high level of risk involved in these social media - led activist investment campaigns will never happen .
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