Is 2024 Seeing the Resurgence of Meme Stock Mania?
If you woke up this morning feeling like it was 2021 instead of 2024, you weren't alone.
The frenzy surrounding meme stocks has returned, with $GameStop(GME)$ and $AMC Entertainment(AMC)$, and other heavily shorted stocks skyrocketing, fueling traders' hopes for another surge reminiscent of the pandemic era.
Some investors seized the opportunity to make significant gains intraday.
How did they achieve it? Let's delve deeper.
Congratulations to @Lord Tan for achieving a remarkable $1743 return with $GameStop(GME)$. [Applaud][Applaud][Applaud]
Congratulations to @Bibou for achieving an impressive 81.11% return with $GameStop(GME)$. [Applaud][Applaud][Applaud]
The man known as "Deep Fucking Value" and/or "Roaring Kitty" - Keith Gill, has resurfaced.
And just yesterday, he posted for the first time in three years.
GameStop shares surged by 75% in a single day, with visits to GME reaching their highest levels since 2021.
In addition to GameStop's rise, shares of other meme stocks like $AMC Entertainment(AMC)$ and $Tupperware(TUP)$, and others also saw significant gains.
If you missed out on the meme stock rally in 2020/2021, you're not going to let it slip by again...
Meme stocks are volatile. It's crucial to exercise caution and manage your positions carefully.
Meanwhile, management teams at companies like GameStop and AMC are likely considering leveraging this newfound fortune to issue more equity and raise capital to sustain their struggling businesses. They did it before, and they'll likely do it again; it's just a matter of timing.
But for now, traders are capitalizing on the momentum.
What do you think the peak price for these stocks will be?
Are you YOLOing it, or experiencing FOMO?
🎁Rewards：
Feel free to share your GME & AMC positions in the comment section to win Tiger Coins! Don't miss out on sharing your tactics, give us a lesson!
Large or high-win-rate positions also stand a chance to win stock vouchers and official interview invitations! Let's uncover who the guru is!
If you've achieved profits from other potential stocks we don’t know, kindly share your trading strategies in your post, and remember to include the topic "Winning Trades". Hope you'll be the next one to make it onto the leaderboard~
🧭 Share positions:
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.
- Bibou·05-15TOPClosed at 76$ near todays peak with nearly $40k profits, timing the top was pure luck but i was here during 2021 so i’m quite familiar with the timeline, this honestly feels like 2021 again. Good luck to all and hope you guys made some gains in this rally. Currently looking for re entry and some other plays like $BB 🚀🚀🚀🚀3Report
- Optionspuppy·05-14Gme is a old old company that uses discs and sell those 90s toys . Like power ranger and transformer and old games .2Report
- MasterStonker·05-14if you have locked in your position in any then good for you. Time to sell man 🤑🤑🤑🤑LikeReport