As someone who proudly wears their ’GME 2021 Short Squeeze’ service medal, I am beginning to think there are similarities between GameStop then and Archer Aviation now.
ACHR’s 52 week high has just been achieved on the back of a number of potentially unexpected events; e.g. US election results, $500m in new funding, Anduril Industries partnership (Palmer Luckey et al), potential support from Donald Trump for the ‘flying car’ industry as well as potential connections to the incoming administration within ACHR*.
All in all, I think we are in for a very interesting January and 2025!
* See my recent ‘Connecting some dots’ blog post.
