I’ve said many times before that it is characteristic of this market that no matter what the indexes are doing there is always something interesting, sometimes actionable, sometimes not, going on in individual stocks. Occasionally, that “something interesting” borders on the bizarre, and 2021 has seen more than its share of bizarre action.
I tweeted on New Year’s Eve that I was looking for 2021 to produce even more fireworks than 2020 did, and so far, the New Year has done its best to accommodate me. Last week we had the great silver squeeze, and the week prior the craziness in GameStop (GME), AMC Entertainment (AMC), and other heavily shorted stocks that were allegedly run up by Reddit-enabled mob investing.
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