Meme Stock Mania: Can it rival 2021's frenzy?

Hey, mooers! How's it going?

Spoilers: Reward points giveaways at the end of this post! Don't miss it!

The meme stock universe surged again, with $GameStop(GME.US)$ and $AMC Entertainment(AMC.US)$ taking center stage. From May 8 to 15, GME has catapulted a mind-blowing 373%, and AMC has spiked 115% in just five days! However, the meme-stock $Faraday Future Intelligent Electric Inc.(FFIE.US)$ was on a solid uptrend amid the fading meme rally.

Meme Stock Mania: Can it rival 2021's frenzy?

Images provided are not current and any securities are shown for illustrative purposes only and is not a recommendation.

Images provided are not current and any securities are shown for illustrative purposes only and is not a recommendation.

💥Why is meme soaring again?
The legendary "Roaring Kitty" Keith Gill is back! He made a comeback by posting a meme on the X platform on May 13, which spurred an uptick in GME stock prices. Traders were all talking about it, sensing that he might be up to something big again!🔍

🧐 Why the Buzz Around Keith Gill?
Gill's 2021 GameStop advocacy sparked a legendary short squeeze, making him a retail investor icon. Since Gill's post, GME and AMC shooting up. His influence has keenly interested traders, and substantial capital has flowed into these stocks.

As the trading community breathes, the big question is: Are we in another wild ride like 2021? 🎢

Regarding the recent meme-stock rally, mooers have shared their investment perspectives and differing views. Here are their voices:

@whqqq thinks that on May 13, the short-selling volume reached 26.8 million shares, accounting for 14% of the day's total trading volume. This activity suggests that some investors continue to bet against the stock, expecting its price to fall. View more>>

@AkLi suggests that there is other underlying indicators which could support the potential purchase of the stock from a technical standpoint and company fundamentals. View more>>

@Novice Trades mentions that trading strategy is a 'buy low, hold tight' strategy with stopping losses to manage risks, recommending that meme stocks stay at 10-15% of your portfolio. View more>>

While @Carter West observes notes looking at the current short interest ratio, it may not be easy to replicate the frantic speculation of that year. View more>>

@jake Nho considers meme stock will be shorter-lived, and we will see a market crash soon after. View more>>

@StrykerAce considers that this price action is due to gme surging, and might rapidly trend down shortly. View more>>

🎁 Your Stories, Your Rewards

Share your journey with meme stocks! Tell us about your investment strategy and unique investment perspectives！

Here's what you can earn:

-Voice Your Opinion: Share your meme stock trades with moomoo tools (like short sale analysis, etc.) on the discussion page for 300 points. And if you throw in your P/L orders for added credibility.

-Top Insights: We will select the top 5 posts and reward them with an extra 188 points.

*Top posts will be chosen for their authenticity, clarity, engagement, and informativeness

⏳ Event Timing
The event starts NOW, and will expire at 12 PM ET on May 24, 2024. Don't miss out on this opportunity to share, learn, and earn!

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We appreciate your active participation and look forward to your insightful views. Stay tuned to the meme stock discussions and have a blast interacting with fellow investors. Let's celebrate our shared passion for the markets together!

All investing involves risk. Volatility trends to be higher with meme stocks and may involve the potential of losing the entire investment in a relatively short period of time.

Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more