The emergence of a swarm of Reddit traders wearing Wall Street shorts and forcing short squeeze is certainly one of the hottest topics on the market this year.
But perhaps this method is still relatively new, if not the goal, and its influence may be exaggerated.
It’s at least from TheStreet Jim Cramer’s claim When you see a stock that shows a big movement based on something more concrete than a tweet or emoticon.
Cramer quotes Cleveland Cliffs (CLF)- Get the report As a best example. No other company is as old as this steel maker. In the past, ships carrying ore from Minnesota to steelworks in Michigan and Ohio were navigating the Great Lakes.
Read more about what Kramer calls false memeplay, like Clean Energy Fuels Corp, in real money. (CLNE)- Get the report.. You can also benefit from his insights into Plug Power PLUG and Amazon AMZN.
Cleveland Cliffs’ share price reached a 52-week high of $ 24.77 on Thursday, as it was actually revealed in this week’s Redditt discussion. However, it fell below $ 5 less than a year ago, suggesting that the latest surge is above the more fundamental.
Cramer is poised to reestablish Cleveland Cliffs’ position as a fully vertically integrated steelmaker, benefiting from a fast-growing economy and President Biden’s continued anti-dumping efforts by the Trump administration focused on China. Is in place. He also says that commodity-type companies tend to work well during periods of inflation.
Bruce Kamich of Real Money talks about the technicals of the Cleveland Cliff show. The pedal is pressed against the metal And it is likely to continue.
If you flip the script a little, Real Money Stephen Gilfoil Claims Meme stock grandfather, there is a legitimate indicator to justify watching GameStop (GME)- Get the reportWell, for the time being It is a solvent..
https://www.thestreet.com/investing/some-stocks-move-regardless-of-reddit Cramer: Some stocks work regardless of Reddit