Just among the stocks I sort of keep track of, but do not hold any of, in today’s performance:
- MicroCloud Hologram is +61.5%.
- GameStop is +60.1%.
- FuelCell is +23.95%.
- MicroVision is +24.4%
That’s a lot of stocks up over 20%, in my small list of watch stocks, and with two capital letters in their single word names. Kidding on that last one. Maybe not.
The point is that two at least, and maybe all of them, are members of a new class of stocks: meme stocks. When I was a young investor, I might have called them the over the wall stocks, as scouring for ideas for investment required more creativity, as there was no Web to use for research.
I don’t think any of those above are a good idea, as the ripples in the web of prices of meme stocks are inevitably open to manipulation and positive feedback loops. The Web has introduced computers into the investing world’s retail segment, and suddenly things are going to move faster. Try not to get caught in the traffic with anything beyond pocket change.
But if you’re a young investor, keep an eye on them. Learn how the dark side of the investing world operates. And, who knows, maybe not all of these are the result of dark forces.
