AMC is up because of the holiday weekend and people seeing movies again. It was predicted months ago that it would go up if vaccination went well and covid restrictions were removed. Reagal reached all-time high recently, but has dropped a little since the beginning of May. It's a more expensive stock (~$150) and hasn't been memed all spring. But, at least where I am at, Cinemark closed down their theaters for good. That leaves AMC and Regal to split the market. If people keep going to the movies and the box office blueballs gets released into record-setting opening weekends, it'll probably go up more. I don't think it has anything to do with a short squeeze though.

GME is up because r/superstonk has been hitting r/all several times a week for a while now. No doubt that when people buy up a stock in bulk and few sell, the price will rise. I still think a lot of r/superstonk's DD is dubious though. Everything isn't a squeeze, which is the problem that has arisen out of the GME thing. Every new retail investor thinks everything is a squeeze. And every time the price falls it's shorts manipulating the market. Stocks go up, stocks go down, lots of things are always shorted to some amount. When buyers are in control, price goes up. When sellers are in control, price goes down. It's not a conspiracy.

No idea why BB is up, I haven't looked into it. I thought everyone dipped out on it in April. Though BBBY is up too so I guess the old memes are still around.

People are finding stocks that are shorted, hyping them up, buying massive amounts, and then not selling. Regardless of the shorts, that alone is enough to raise the price. You can do that with unshorted stocks as well. You have to ask why this "short squeeze" thing works on everything from a company shorted less than 10% to one over 100%. It turns out that when thousands of people jump on a stock and then refuse to sell, the price goes up. It's almost like when buyers dominate the market, the price rises.

The market as a whole should do better in the next two months. We're still hitting all-time highs in the Dow and S&P. Hospitality and any in-person entertainment should do well. I'll be curious to see how long it lasts. It would be funny for everyone to anticipate the moment when thing are back to normal and then the boost from that only lasts a week or two.