Can I just admit something?
I love the whole idea of MEME stocks…
A bunch of “average Joe” Millennials coming together to stick it to Wall Street’s big hedge funds and fat cats – especially when it comes the companies that hit on the nostalgia of their youth.
It’s the ultimate push back against authority…
And there’s something beautiful about that.
For those that don’t know – MEME stocks are stocks of companies that are generally going the way of the dodo, and these Millennial traders get together to buy up the shares and hold them, so they don’t get shorted out of existence.
They use terms like “diamond hands” and “to the moon” – and it’s fun to watch…
Both their youthful exuberance – as well as the way it makes stuffy investors tremble with fear.
After grabbing some headlines though, these stories fade into the background of our ever-changing news cycle – and we forget about them…
Until something happens to change that.
We just witnessed another MEME Stock event – and it was glorious…
Keep reading to find out what that was.
So, what’s going on?
Oh, just the usual antics from “The Roaring Kitty” – the man, the myth, the meme stock legend whose government name is Keith Gill. Known for turning the stock market into his personal playground – Gill has once again catapulted GameStop (GME) shares into the stratosphere…
Because why not?
How does this happen? What’s the process of sending a MEME stock to the moon?
Well, on a lazy Sunday – The Roaring Kitty – casually dropped a screenshot on Reddit…
This little gem revealed that he had scooped up $116 million worth of shares in the beleaguered video game retailer, GameStop, along with $66 million in options.
Naturally, this bombshell sent shares soaring by 105% – inflating the company’s value by a cool $8 billion. No biggie, right?
This spectacle also set off a chain reaction – pumping up other MEME stocks like AMC (AMC), SunPower (SPWR), Beyond Meat (BYND), BlackBerry (BB), and, of course, Reddit (RDDT) itself…
Because when one MEME stock goes to the moon – they all do.
This flashy drama (and GameStop’s encore performance in just two months) is yet another dazzling display of the market’s frothy excesses – but it’s not just the MEME stocks basking in irrational glory…
Penny stocks, too, have been enjoying their moment in the sun.
Last month, seven of the top ten most traded US shares were priced at less than $1 – and, surprise, surprise… none of them were profitable.
Like their MEME stock siblings – penny stocks are the wild, unpredictable toddlers of the market.
The surge in trading volume for these obscure assets suggests that some traders are treating the market like a high-stakes casino: spin the wheel, place your bets, and hope for a big win.
In the grand scheme of markets – slow and steady often wins the race, no matter how loud your FOMO screams.
Building wealth isn’t about chasing the adrenaline rush of quick wins…
It’s about the boring, reliable returns that inch higher – year after year – powered by the slow magic of compound interest.
Take a cue from Warren Buffett – the ultimate investing grandmaster. The man made approximately $131 billion of his total $132 billion net worth after his 50th birthday.
That’s right – the bulk of his fortune came from DECADES of patient, disciplined investing.
So, while the MEME stock circus provides great entertainment, remember – the real wealth is built quietly, over time – with much less drama and a lot more patience, OR…
You find a trading service who doesn’t follow Reddit chats – but data.
GorillaTrades is designed to make fast gains – however, instead of a bunch of Millennials manipulating price – our trading matrix following the numbers behind companies to sift the winners from the losers.
Because our recommendations are triggered by data and not by rumors or momentum…
We’ve earned the trust of our members because we’ve given them the chance to make a lot of money over the years.
Which is why I’m inviting you to become a member today…
With years of experience and countless satisfied customers – GorillaTrades can help you get the most out of your investing dollar.
We’d love to have you along for our next drop of recommendations – so please… consider becoming a member today.
That said, we understand that we’re not everybody’s cup of tea…
But just know, when you get tired of doing all the work yourself – we’re here to help shoulder the load.
We may not have “diamond hands” …
But we’ll help you find companies that have the potential to go “to the moon”.
Until next time…
“Successful contrarian investing requires us to live with discomfort, for being “wrong” and alone. But bargains do not exist in the absence of fear.” – Robert D. Arnott
