I read some info on “meme stocks” to better understand some of the comments on this board. I suppose I am a “diamond hand” and not a “paper hand”—if AMSC is a meme stock about to go viral through social media. However, it seemed like the “to the moon” idea of a meme stock rests upon a high short interest by hedge funds. Granted the short interest has increased dramatically in the last week. But just three weeks ago short interest was at an all time low (around 567k). Short interest was above 3mm shares last week, and likely much higher now so perhaps meme status is not out of the question. The recent superconductor breakthru does fits the bill for indirect news used on social media for fanning the flame of a meme stock. And AMSC does fit the bill both: on the environmental/climate front as well as the decade long compelling narrative of a company overcoming an attempt to destroy them. This type of story could get a social media crowd of investors behind meme status for AMSC I suppose. Though I am still buying a more proximate cause. $American Superconductor(AMSC)$
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