"was really welcomed" as"another level of excitement." However, he notes that while these meme stocks are experiencing significant upsides, he does not view the current situation as comparable to the surge that occurred in 2021, which he describes as"a transformational moment."
Like I said, the last two weeks were kind of slow and this rally has been kind of a grind to the upside and balls been crashing. This is kind of like the old days on the trading floor when there was a lot of noise in one in one pit, everybody would run to that pit.Well, Tom, there was another aspect of this whole phenomenon in 2021 which was like the narrative of the little guys trying to stick it to the big guy, right to trying to stick it to hedge funds.What's fascinating to me is today is that there's still a short squeeze that 24% of the company's float was still shorted going into today.
And so that is one of the, there's been a couple of splits, there's been, you know, a lot of stock that's been, that's been issued.And you also have to remember that, that those numbers are really misleading because there are huge index fund positions right now.There's, there is a lot of short stock out there that is just tied into different index arbitrage positions.
It's, it's mostly just kind of, it feels like play money, but I feel like that's, we're seeing more of that than we've seen in a long time.
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