Vatican financial crime charges are due to lack of experience
Thomas Yeung, 09 June 2021
Early investors in AMC (NYSE:AMC) got their payday last week when the stock jumped from low double-digits to $72. Anyone who bought $20 options before the Memorial Day weekend would have turned $1,000 into $116,000.
But Wall Street still seems to get one thing wrong: it’s not about an investment story. If it were, Cinemark (NYSE:CNK) and Imax (NYSE:IMAX) would have also gone up; they were both down for the week.
Instead, stocks like AMC rise because Main Street sees Wall Street as “The Man.” If regular investors can make Wall Street look dumb (and have a couple insiders lose their jobs in the process), so much the better.
Finding the next AMC, however, is brutal. No one — not even yours truly — can predict the next meme. Anyone who claims they can is either lying or is Elon Musk.
But there are some clues. As I outlined last Friday, Twitter’s (NYSE:TWTR) growing importance means meme stocks will have:
