Reddit’s Meme Stock Mayhem Has Returned, And It’s Taking GoPro And Krispy Kreme Along For The Ride
Jordan Belfort must be proud of Reddit, where his pump-and-dump playbook is thriving again. Just days after the platform fueled 2x–5.4x surges in Opendoor and Kohl’s, the darlings plunged 20.5% and 14.2% on Wednesday. With r/WallStreetBets now targeting a fresh crop of stocks, insiders feel we’re repeating 2021’s market mania.
- Traders have specifically targeted heavily shorted companies with call options — sending GoPro soaring as much as 73% yesterday amid a post-2021 record of 56K+ call contracts.
- Krispy Kreme surged up to 25% Wednesday as Reddit comments increased by 76,800% this week — with call volumes hitting 100K contracts on Tuesday.
Short squeeze spotlight: ZeroHedge screened for potential targets with market caps between $10M and $1.5B and short interest above 25%. The most susceptible include Beeline Holdings, NeoVolta, and Skillz, with short interests of 106.8%, 81.2%, and 81%, respectively. However, hedge funds are more prepared this time, eyeing puts to capture a reversal. Belfort lost his license before he could pitch — but hopefully his disciples are making dough despite glazing over fundamentals this hard.
