Meme stocks followed their old pattern to start the week, and by “old pattern” we mean total idiosyncrasy involving renewables and faded smiles.
Shares in GameStop GME,
AMC Entertainment AMC,
A big recent trend for retail investors has been playing in the shorted and ever-deeper pool of green-energy stocks.
One new meme stock that is really enjoying the week so far is Clean Energy Fuels Corp. CLNE,
Adding to the retail fervor was the fact that the CEO and president of the renewable-energy company, Andrew J. Littlefair, would be doing an “Ask Me Anything” interview with Redditors after the closing bell.
In announcing the event last week, Littlefair took a page from the allegorical management book of AMC CEO-turned-“King Silverback” Adam Aron, posting on a subreddit dedicated to CLNE stock that “I’ve really grown to appreciate this community. I read many of your posts and it’s obvious that you do your homework.”
On the flip side of that clean-energy equation was Canoo GOEV,
But why not end Monday with a smile?
Smile Direct Club SDC,
While action on the stock was up again, and there remained murmurs of an investment case that people stuck looking at themselves on Zoom meetings in their own homes are more eager than ever to get their teeth whitened, it appeared to many on Reddit that Smile Direct was up in large part due to spammers inundating the board with mentions and artificially boosting the stock price.
That thesis was backed up by a series of eerily similar posts boosting Smile Direct stock touting a bull case for the teledentistry outfit predicated mostly on buying into the stock now or “sucking a fat chode.”
In either case, there’s always Tuesday.