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It seems the BB stock also popped last week, I wonder what happened there. Was there some WSB induced sort squeeze, or just a simple pump and dump, or did anyth
by ant6n 6y ago
It seems the BB stock also popped last week, I wonder what happened there. Was there some WSB induced sort squeeze, or just a simple pump and dump, or did anything positive actually happen with the company itself?
- skinnymuch 6y agoYeah. Not a short squeeze. But still meme stocks. Nostalgic stocks that feel not too highly valued with potential got some love. The two prominent ones are Blackberry and Nokia. Besides neither being shorted too much, the other major difference vs meme stocks is how both have rather high market caps already. I think they are the only meme stocks with market caps above $5B before they got pushed up. Nokia being far bigger still. I think Ericsson got a bit of side love too. Palantir was the most immediate meme stock before GME and short squeezing became a world wide news and cultural event. That also always had a high market cap and is now imo trading at a high valuation, even for the current high valuation times.