If I haven’t said it before, I’m saying it now. I have a huge disdain for meme stocks mostly because they are a result of improper market behavior. Translation: I can’t get rich off them, so I hate it when other people do.

The whole idea of a free market structure is that the price at any time should, theoretically, represent the sum total of all known public information to arrive at a true valuation for a security. As is usually the case with mathematical or economic theorems, however, reality is often much messier. The meme stock craze was possible because these companies were heavily shorted (as they were fairly unprofitable and seemed worthy of a large decrease in stock price).