Somehow to me, it seems to me he is just trying to jack up the price to maximise his options. The die hard fans are screaming diamond hands but how long can you actually hold if despite the company raising funds through the sale of shares, their fundamentals may continue to fail them. the share price is always gonna to be under pressure. At the end of the day, you need more and more new 'investors' partaking in continual purchases for the upward momentum to continue. Great short term reward if you have luck by your side. But if you don't, possibly you will lose out to those who have entered earlier like Roaring Kitty himself.
The meme madness serves mostly for profits. While astronomical gains is possible, it is likely going to happen for a minority of the investors/traders. Invest in companies you believe in with proper research in the fundamentals and financials. That is what I aim to do. Of course, not feeling good if I can't get the gains in the meme madness but will sleep more easily if my investment is in the red but in companies I believe in.
Riding the Roaring Kitty Roller Coaster: Why GameStop and AMC Meme Madness Is an "Outlier Event"