Wouldn't go as far as to call it a "meme stock".
Overbought on the way up and oversold on the way down but fundamentally the company is the same as it was back at the Bibendum announcement.
Investors - real investors, not those who wanted to make a quick buck on the way up - know this, have accepted the sudden change in price and are still holding.
The market has barely seen the impact of the B2B component - the core of this company - yet are quick to judge the company's future at face value.
Not saying that you are guilty of these things but calling it a "meme stock" on no basis other than sudden price sentiment is abit far-fetched.
Dogecoin is a meme, GameStop over at the US was a meme, I don't think this is a meme.
All IMHO, GLAH.
D.K.
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