With bad 'red flag' jokes everywhere, most meme-stock traders are only seeing green
Sometimes, you just gotta stop hatin’ and celebrate the classics.
Retail investors poured into OG meme stocks on Wednesday, as GameStop GME,
Things were primed for AMC on Wednesday morning as the hashtag #AMCSqueeze continued to trend on Twitter and the theater chain’s meme-friendly CEO Adam Aron waxed poetic on the social-media app about Marvel’s upcoming superhero blockbuster “Eternals.”
Optimism on AMC stock was further fueled by speculation that hedge funds that are naked shorting the stock will have to cover in the coming week or two, leading to a possible gain of 30% or greater.
That theory spilled over into trading on GameStop and BlackBerry, which both closed up around 5% as retail investors openly crowed about both tickers. Mentions of BlackBerry — which also announced some new software …
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