Camber Energy (CEI) is now the #1 meme stock in America, taking out living legends like AMC (AMC), GameStop (GME), and SmileDirectClub (SDC).
(obviously we’re not talking about which stocks will go where…)
Look at this Twitter poll we did where AMC took on CEI:
Yes yes, small sample size… but in all the polls we’ve ever done, AMC has dominated.
So for CEI to even come close says a lot.
Remember, CEI is a tiny energy company with a $400 million market cap. Nobody’s ever heard of it.
Yet, look at the stock chart:
It went from 33 cents to $4.85 in a month!
And on September 28, it traded 988 million shares!
So what does CEI mean for you?
Well, the first thing is that we are going to get MORE meme stocks as time goes. on.
This is NOT just about AMC and Gamestop.
Because #wallstreetbets traders are going to scan stocks to find names with these attributes:
- Low priced
- Small floats
- Small market caps
- High short interest.
And they’re going to big the stocks up so they get mainstream attention the way CEI is.
This cycle will repeat itself over and over again.
CEI was not the first meme stock champion in this era, and it won’t be the last.
Trust us. Everyone’s saying CEI is the new AMC. A month from now you’ll be reading “XYZ is the new CEI.”
It’s just the circle of life.
So let’s talk about who else might benefit from the meme stock crazy.
It might be names like:
- Robinhood (HOOD)
- Interactive Brokers (IBKR)
- Charles Schwab (SCHW)
- Nasdaq (NDAQ)
- CBOE Global Markets (CBOE):
Meme stock volumes are going to the roof so these companies can make money through the following:
- More payment for order flow money
- Higher trading volumes overall