The Return of “Roaring Kitty”
“Roaring Kitty”, as the meme stock investor Keith Gill calls himself, returned to X after an absence of three years yesterday, and posted a few memes, with no specific stock commentary. On the basis of that alone, a couple of former meme stocks spiked in price yesterday and today, at times by more than 100%.
We’re going to try betting against one of those meme stocks today, which has terrible fundamentals. On Chartmill’s scale of 0-to-10, where 0 is the worst, this stock has an overall fundamental rating of 1, a valuation rating of 1, and a health rating of 0. Our bet is that the stock will come back to earth over the next few months.
Details below.
