The Mixed Fortunes Of Meme Stocks
🌟🌟🌟Meme stocks appeal to investors who love the excitement of capturing the meteoric rise of these stocks. Meme stock traders are looking for outsized gains even though these companies may have poor financial data. The goal here is to make a large profit in a short period.
Meme stocks can rally and go sky high during the worst performing markets. The 4 main phases of Meme stocks are Early Adopter, Middle, FOMO and profit taking phase.
Early adopters are the trendsetters in the meme stock cycle and identify an opportunity before the bulk of adopters (middle phase) popularises it. Then it's FOMO or fear of missing out phase and finally profit taking phase.
Not all meme stocks are created equal.
$Palantir Technologies Inc.(PLTR)$
is up the past 5 days on securing a US Defense contract worth USD 250 million. Its share price is up a massive 148% year todate.
gets a bounce on Monday when it announced that AMC Theatres Distribution will be the global distributor of Beyoncé 's Renaissance World Tour. Earlier on, AMC also said that they will distribute Taylor Swift' s New Era Tour Concert film too.
However AMC's share price has fallen 73% year todate. The company did a reverse split on August 24 of 10 to 1. AMC also raised more than USD 325 million in shares when it sold 40 million shares on September 6.
$Faraday Future Intelligent Electric Inc.(FFIE)$
Share price dropped 10% today and is down 94% year todate. Faraday did a reverse stock split of 80 to 1 in August 28. Faraday shares are down due to a share offering program in which it will sell up to USD 90 million shares. This is an at the market offering agreement which will allow Faraday to sell shares from time to time.
Is up 10% in the past 5 days but down 21% in the past year. Roblox is a popular game platform that is considered a play on the Emerging Metaverse, the next generation version of the Internet.
However if you don't want the burden of predicting the next viral parabolic meme stock, why not buy the entire meme market with $ROUNDHILL MEME ETF(MEME)$ . This Meme ETF is down 1% today but up 26% year todate. Meme ETF consists of 25 equal weighted US stocks that exhibit a combination of elevated social media activity and high short interest. The expense ratio is 0.69%. It even pays a dividend. The dividend yield is 2.42%.
With the rise of social media, Meme stocks are here to stay. But it is not for the risk adverse investors. However if you want some excitement and seek fast profits, then Meme stocks would be a great way to supercharge your portfolio.
@Daily_Discussion @MillionaireTiger @TigerStars @Tiger_Earnings @Tiger_comments @TigerClub @Tiger_SG @CaptainTiger
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So it’s a wonderful day to be a shareholder of AMC… Taylor, Swift, and Beyoncé we about to bring in $5 billion to AMC and because of that Elon Musk is going to buy AMC and bring down his enemy Kenny Griffin. It’s a beautiful day.
I think PLTR has been a very bullish stock in 2023, and I believe PLTR will have a monster Q4 performance. My key price targets are $28.33 and $37. There is short-term resistance at $19.11, but I believe PLTR will break above $19 in Q4.
华尔街目前预计AMC今年每股净亏损2.51美元，2024年净亏损1.87美元。还是不走。拿着！改变金钱的生活。
$Palantir Technologies Inc.(PLTR)$ The overall market is crashing, EVERYTHING GOES DOWN, and wait until the panic selling hits. The retail investors will sell, and that's when I will buy more.
$Palantir Technologies Inc.(PLTR)$ Nothing has changed my opinion on this stock's potential in the long-term. Obviously, I'd love to see a run in the near future, but we have to let the timeline pan out. There's just too many good things about this company that it's hard for me to not see this thing take off. I will be sitting tight and averaging down when & if possible.
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