VivienWilcox
2023-08-02

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. $American Superconductor(AMSC)$

How long will AMSC frenzy last?
The emergence of the superconductor revolution alongside the growth of AI represents a significant market-driving narrative in the technology and scientific communities. ---------- What is superconductivity? Will you bet on the new meme stock?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment