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Joe Moglia, former CEO of online trading platform TD Ameritrade, issued a stern warning Thursday against using leverage to try to outperform meme stocks.

“My biggest concern is what’s going on with the individual investor who is using borrowed money to trade more than they did,” Moglia told CNBC’s “Squawk Box” when AMC Entertainment stocks early on Trades plummeted, falling as much as 30%. In the afternoon, stocks turned positive before falling again, closing nearly 18%.

The stock’s annual earnings were more than 2,300% despite the previous sharp decline on Thursday. AMC shares nearly doubled in the previous session.

Another Reddit favorite, BlackBerry, soared Thursday before slashing those gains after closing nearly 32% in the previous session. In the afternoon, stocks returned to positive territory and ended the day up 4.1%.

Bed Bath & Beyond, also embroiled in the meme stock mania, closed 27.8% on Thursday. On Wednesday it rose 62%.

“You need to understand when you use leverage what that really means. Leverage on the way up is a great thing. Leverage your way down can knock your arms off, ”added Moglia, currently chairman of Capital Wealth Advisors.

AMC’s wild swings began Thursday after the cinema chain “from time to time” sold 11.55 million shares. As a disclosure, the company said, “We caution you not to invest in our Class A common stock unless you are willing to take the risk of losing all or a significant portion of your investment.”

On Thursday afternoon, the cinema operator announced that it had completed the stock offering and raised $ 587.4 million.

AMC announced in a securities filing on Tuesday that it raised $ 230.5 million through a stock sale to depressed debtor firm Mudrick Capital Management, which reportedly sold these new AMC shares immediately for a profit.

Given the meme stock prices and headlines about how fast businesses’ businesses are doing, brokers – especially those targeting individual investors – need to better educate their clients about the risks of a seemingly easy way to make money and when to sell, Moglia said .

“For example, if you bought AMC for $ 10 and it goes up to $ 20, isn’t that enough profit? If it goes up to $ 30, $ 40, at what point do you start doing it Trimming or actually getting rid of position? We need to do a better job with the day traders, “he added.

Disclosure: The $ 22 billion merger of Charles Schwab and TD Ameritrade was completed in October 2020.

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SpaceX sent the latest cargo mission for NASA to the space station on Thursday, with Elon Musk’s company completing its 17th launch this year.

The company’s Falcon 9 rocket took off at 1:29 p.m. EDT from Kennedy Space Center in Florida. The mission, called CRS-22, has SpaceX’s Cargo Dragon spacecraft carrying more than 7,300 pounds of research and supplies to the International Space Station.

A few minutes after the launch, SpaceX landed the Falcon 9 booster — the largest, bottom portion of the rocket — on an autonomous ship in the Atlantic Ocean. The Cargo Dragon capsule separated from the rocket about 12 minutes after liftoff, with the spacecraft expected to dock with the ISS on Saturday.

During a pre-launch press conference, SpaceX director of Dragon mission management Sarah Walker noted that CRS-22 is the fifth Dragon capsule the company has sent to the International Space Station in the past 12 months. The company has launched multiple crew and cargo missions in the past year, with a full slate in the year ahead as well.

Additionally, CRS-22 is SpaceX’s 17th mission of 2021. The company is on a blistering launch pace, as missions are going up an average of every nine days since 2021 began.

SpaceX’s current pace puts it on track to conduct about 40 launches this year, which would easily top its annual record of 26 launches set last year. It has launched 119 of its Falcon 9 rockets to date, landed 79 of the Falcon 9’s boosters, and reused boosters for 61 missions.

The company’s Cargo Dragon spacecraft rolls out to the launchpad in Florida atop a Falcon 9 rocket.

SpaceX

Walker also pointed out that CRS-22 is the first mission of this year to launch on a new Falcon 9 rocket booster, as the company has been reusing boosters for all its recent missions.

“We’re actually surprised when we get to a mission [where we’re] flying a new booster,” Walker said.

CRS-22 carries dozens of research investigations for the astronauts on the ISS, including experiments about the survival of tardigrades in space, a portable ultrasound device, robotic operations demonstrations and more. Cargo Dragon is also bringing the first two of six new solar arrays called iROSA, built through Boeing and space infrastructure conglomerate Redwire Space. The new solar arrays are expected to improve the ISS’ power generation by 20% to 30%.

This Cargo Dragon spacecraft is expected to return to Earth in July, splashing down in the Atlantic Ocean off the coast of Florida with 5,300 pounds of experiments and cargo.

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Denmark’s Orsted said Thursday it would “reuse, recycle, or recover” all turbine blades in its worldwide portfolio of wind farms once they’re decommissioned.  

The world’s largest offshore wind farm developer said it had “a clear responsibility to help find solutions to the challenge of recycling blades.”

The issue of what to do with wind turbine blades when they’re no longer needed is a headache for the industry. This is because the composite materials blades are made from can be difficult to recycle, with Orsted noting that “most” blades, once decommissioned, were landfilled.

As governments around the world attempt to ramp up their renewable energy capacity, the number of wind turbines globally looks set to increase.

The European Commission, the EU’s executive arm, said that in the offshore sector alone it wants capacity to hit at least 60 gigawatts by 2030 and 300 GW by the middle of the century.

The U.K., which left the EU at the end of January 2020, wants its offshore wind capacity to reach 40 GW by 2030. The U.S. is also looking to significantly increase its offshore wind capacity this decade.

Given the above, the problem of what to do with turbine blades will become even more pressing going forward. For its part, Orsted explained it would “temporarily store” decommissioned blades if finding a solution to recycling them took “longer to solve than anticipated.”

A number of companies involved in the sector have attempted to find solutions to the issue in recent years. In January 2020, wind energy giant Vestas said it was aiming to produce “zero-waste” wind turbines by the year 2040.

Last December, GE Renewable Energy and Veolia North America signed a “multi-year agreement” to recycle blades removed from onshore wind turbines in the United States.

More recently, it was announced that a collaboration between academia and industry would focus on the recycling of glass fiber products, a move that could eventually help to reduce the waste produced by wind turbine blades.

Orsted, Vestas and LM Wind Power — which is part of GE Renewable Energy — are also part of the DecomBlades consortium, an initiative focused on blade recycling.

AMC Entertainment announced Thursday that it plans to sell more than 11 million shares amid the trading frenzy in its stock.

“Subject to the terms of the distribution agreement, we may from time to time offer and sell through our sales agents up to a total of 11,550,000 shares of our Class A common stock,” AMC said in an SEC filing.

AMC stock reversed its price in early trading and fell slightly after plummeting more than 20% in early trading.

AMC Entertainment has drawn the attention of WallStreetBets audiences for the past few weeks, propelling the stock nearly 140% this week to an all-time high of $ 62.55 on Wednesday. AMC is up 512% this quarter and a whopping 2,850% this year. The market value has risen to over $ 31 billion.

“We believe that recent volatility and our current market prices reflect market and trade dynamics that are unrelated to our underlying business or macro or industry fundamentals, and we do not know how long those dynamics will last,” that said Company in filing. “In these circumstances, we caution you not to invest in our Class A common stock unless you are willing to take the risk of losing all or a substantial part of your investment.”

In parallel with GameStop’s epic short squeeze in January, short sellers have increased their stakes against AMC stocks last month, potentially fueling the uptrend. According to S3 Partners, around 18% of the AMC shares available for trading will still be sold short by Wednesday.

AMC has adopted its new status as a meme stock. On Wednesday, the company launched AMC Investor Connect for its retail investors, offering them exclusive promotions such as a free tub of popcorn and direct communication with CEO Adam Aron, who is known as “Silverback”.

AMC said it plans to use the cash from the stock sale for “general corporate purposes,” which could include paying off existing debts and acquiring theater assets, among other things.

B. Riley Securities and Citigroup Global Markets are AMC’s sales agents for the sale of stocks.

Regardless, on Tuesday, AMC announced a sale of 8.5 million shares in Mudrick Capital at about $ 27.12 per share – worth about $ 230.5 million. Despite this share sale, the stock rose as private investors cheered the capital increase.

Bed Bath & Beyond shares rose more than 60% on Wednesday as a number of so-called meme stocks rose.

The stock was in positive territory after the retailer announced it would launch three own brands this quarter, which was a key element of its turnaround strategy ahead of schedule. However, the stock continued to gain momentum, caught in a frenzy that also skyrocketed the value of companies like AMC Entertainment and BlackBerry.

Bed Bath & Beyond shares closed at $ 44.19, up $ 16.93, or 62%. The stock is up 134% that year, reaching a market value of more than $ 4.7 billion. Some of the gains were supported by retail investors placing speculative bets on a number of heavily short stocks.

More than 106.8 million shares changed hands on Wednesday. For the past 10 days, Bed Bath shares have traded an average of 5.65 million shares per day.

The retailer is trying to turn its performance around. It has left non-core stores, closed underperforming stores, and is using its own brands to attract shoppers with products that can only be bought at Bed Bath & Beyond. Private labels were a key revenue driver at Target, where Mark Tritton, CEO of Bed Bath & Beyond, previously served as chief merchandising officer.

Bed Bath & Beyond announced on Wednesday that it will have launched six new brands in the past five months – and one month earlier than expected. In particular, products will be in stores in time for the back-to-school shopping season, which is the second largest time for consumer spending after the Christmas break.

“What we’re seeing is a transition phase as we’re leaving legacy products … and preparing to introduce these new items,” Tritton said Wednesday in an interview with CNBC’s Courtney Reagan on Squawk on the Street. He expects the majority of the new products to hit stores in the next few months.

Bed Bath & Beyond’s new brands include: Our Table, a range of kitchen and dining ware; Wild Sage, a home collection aimed at younger consumers with diverse tastes; and Squared Away, a line of storage, organization, and cleaning products.

Although there will be a transition period when the new products hit store shelves, Tritton expects shoppers who replenish their supplies to go back to college to see many of the new items.

“You will find six new brands of their own that have great prices, great quality and great style that they didn’t have last year,” said Tritton.