Bloomberg Businessweek Meme Stock Fever Is Spreading Like It’s 2021 With Kohl's Soaring
Jul 22, 2025
In this discussion, Eric Jackson, founder of EMJ Capital, and Leo Kelly, CEO of Verdence Capital Advisors, dive into the current resurgence of meme stocks, notably Kohl's and Opendoor Technologies. They explore how retail traders are once again igniting market excitement reminiscent of 2021, driving shares of heavily shorted stocks. The conversation highlights the emotional rollercoaster of investing, the impact of social media on trading behavior, and the intricate relationship between market trends and Federal Reserve actions.
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Addressing Pump and Dumper Claims
- Eric Jackson suggests anyone annoyed by his frequent posts on Opendoor can simply unfollow or mute him.
- He embraces his open engagement with a global community excited about Opendoor, despite critics calling him a "pump and dumper."
Watch Earnings and Management Closely
- Monitor earnings reports to decide whether to hold or exit Opendoor; poor management could trigger exit.
- Expect volatility but watch for profitable quarters signaling the stock's rise.
Investing in Bitcoin Miners and BTQ
- Eric Jackson bought shares in Bitcoin miners Iron and Cipher, seeing them as bigger and with more energy capacity than Core Scientific.
- He also invested in BTQ Technologies, which has grown thirtyfold and has potential for 100 times gains.
