The meme stock chronicles part 2: What do it meme?

Grab your popcorn and have a read.

Also, no math, I still don't have my keyboard.
(1/?)

(2/?) Hilarity and celebrity endorsement:

Doge started a pump a couple months ago, where it climbed from less than $.01 to $.07, only to settle around the $.03 range for a while. It traded around that range for a few days, and then the Elon pump started.

(3/?) Now to examine GME.

It rose from a steady growth level of ~$36, nearing $500 at one point, and found a nice floor for itself around $50, and most likely will trade in that range for a while.

(4/?) Let’s take a look at PLTR.

It meme’d itself up to $29 before it settled in a range of around $24-26, and recently established new highs for itself at just short of $40 a share.

(5/?) What these 3 stocks had, like many others you’d consider memes, is that they had no hard catalyst. For GME, it was the potential of a short squeeze (pre-cohen); for PLTR, it was the potential of more government contracts, and for DOGE’s initial pump, it just happened.

(6/?) Yet, if you look back to when these started moving, it was unadulterated hype on social media. There is a slight parallel here with the prisoner’s dilemma; that the “cooperation of both prisoners” ended up being the herd-mentality choice, and generated news, and volume.

(7/?) But when the dust settled, why did they settle at a higher share price than before? You may arrive on this conclusion on your own, but it's FOMO, in my opinion.
Investors now feel that it's a fair-ish price. Where is this range at? No idea, it's different for all memes.

(8/?) But they all settle higher.

Yes, people who were apprehensive to buy on the huge rise have now turned to liking the stock/coin/whatever, and feel it’s at a fair price.

(9/?) One of @nope_its_lily’s thoughts is that when something memes, it’s more likely to meme again. A lot of investors never heard about DOGE until it erupted randomly, then I bet that’s when Elon heard about it and started the slow pump on twitter.

(10/?) These stocks are now in the news cycle, and they’re on everyone’s watch lists, so when there is minor movement, you will most likely see huge volume spikes.

(11/?) From this article on http://thestreet.com , there is a snippet that says “Just because you sold a stock at a lower price yesterday doesn't mean you can't rebuy it today. https://realmoney.thestreet.com/investing/stocks/the-art-and-psychology-of-selling-stocks-15489100

(12/?) Investors are more likely to sell the big gainers/losers at a higher rate, but that's just to secure buying power.

But again, nothing has really changed about the stock.

(13/?) My hunch for this has to do with some level of game theory. People finally think they’re getting the best deal on the stock, for what its “fair value” is, along with the potential upside in watching this happen again.

(14/?) Tl;dr, After something memes, there is a permanent uptick in volume + more news circulating around the company. Minor catalysts start yet another feedback loop, and make something more likely to meme again.

(15/15) They settle higher due to investor addiction, and people want to feel the dopamine rush again, and don’t want to miss the second time around.

If you have any thoughts on the logic behind this, please let me know! These are all just my thoughts from reading/observing throughout the meme cycles, so I could be very off in some areas, but I'd love to talk about it.