The Mixed Fortunes Of Meme Stocks
@koolgal:
🌟🌟🌟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