Meme stocks marked their unofficial first birthday on Saturday, and then spent Monday celebrating in a variety of ways.
On Monday, retail investors marked the occasion by putting GameStop and AMC in the green for another day in what has been a red-hot August for the meme group, while cementing the membership of some new stocks in the club. Some meme stocks have struggled, though, like Koss KOSS, +1.89%, down more than 3% in August, and Bed Bath & Beyond BBBY, -3.16%, essentially flat for the month, as the meme spotlight has widened to include new tickers. The best evidence of this is the recent and meteoric rise of shares in Support.com SPRT, -13.82%, a technical-support software company that closed up more than 38% on Monday, adding to its almost 227% weekly gain.
Retail traders appear to have noticed the short interest in Support.com. Social-media mentions of the stock were up by a factor of thousands on Aug. 27, according to data for HypeEquity, with more than 12% of the total comments mentioning “short.”
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Y’all some funny people
Next support level for $BTC is at $49k. Hope we don’t see that level. Hoping to see a bounce back this week above $50k I’ve been following xavieremtrades tweets and predictions seriously and I’ve been holding firmly he’s a super underrated specialist in crypto Follow him
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