They say there’s no free lunch in the sharemarket, but sometimes you just can’t look a gift horse in the mouth.
Last week Spheria Asset Management fundie Gino Rossi found one of his global microcap fund’s holdings, Petmed Express, had become the target of an organised Reddit-pump by members of the meme-infused chat forum.
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
