This is crazy.
Last Friday, a stock trading above $10 per share pulled off one of the most beautiful panic and bounce patterns we’ve seen in a while.
How?
3 words…
Meme. Stock. Hype.
Check it out…
This is a POET TECHNOLOGIES (NASDAQ: $POET) chart from Friday…
That’s a CLASSIC morning panic and bounce.
By itself it’s nothing new, right?
I’ve been trading and teaching this pattern for years.
But most of the time, this pattern happens on lower-priced stocks.
I think of it as a penny stock pattern.
I’d even go so far as to say that a clean morning panic and bounce pattern is far more common with OTCs than listed stocks. (May OTCs get hot again soon!)
So why did POET bounce?
Check it out…
Table of Contents
The Setup: Is Meme Stock Mania Back?
You already know that the markets move in cycles.
So, it seems obvious that a few years after GameStop Corp. (NYSE: $GME) and AMC Entertainment Holdings, Inc. (NYSE: $AMC), we’d have another meme stock run, right?
The idea of meme stocks didn’t go away after GME and AMC. It just slowed down (for a while).
Last summer meme stocks started to heat up again with the likes of Krispy Kreme, Inc. (NASDAQ: $DNUT), and GoPro, Inc. (NASDAQ: $GPRO) running on hype from meme stock degens.
Then something interesting happened…
In October 2025, Roundhill Investments revived its Meme Stock ETF (MEME)…
But this time there was one big difference: the ETF is actively managed (before, it was a passive fund).
Now that it’s actively managed, they can add and drop stocks quickly based on what the degenerates on Reddit are hyping.
That brings us to…
How POET Became a Meme Stock
On October 7, 2025 POET announced a $75 million private placement from a single institutional investor.
At the time, it was the largest investment in the company’s history.
There’s also the AI angle. Something about “semiconductorization of photonics” for AI (whatever that means).
It sounds cool and the degens on Reddit LOVED it.
Traders piled in.
Roundhill quickly added POET to its MEME ETF. Which means the ETF had to buy shares, right?
THAT creates even more frenzy. Then…
Last week, a short report on POET by Wolfpack Research backfired. The POET CFO even called the short sellers “maggots.”
The degens stepped in again…
Pretty crazy, right?
But here’s where it gets even better. Check out this 5-day chart…
Every one of those yellow arrows points to a dip buy opportunity. They weren’t very big at the start of the week, but they happened every day.
And the range increased every day.
Remember, it doesn’t really matter if it’s the “POETards” as they call themselves…
Or if it’s just shorts getting squeezed (or more likely, a combination of both).
When you see that happen again and again, it tells you something about the price action.
Keep this in mind as you study and trade this week.
One more thing…
Ride the Hype But Don’t Believe It
POET is super speculative. I’m not recommending you invest and I didn’t even trade it.
For me, it’s just another shoulda, coulda, woulda…
Beautifulllllllll cup & handle now on $POET up $2.50/share off those $12.50ish lows, I shoulda taken that classic http://tim≥ly/sykesmorning panic and bounce patter, its crazy its working on higher price delays now too like $CAR aye ye aye aye, RIP to my sleep here in Asia pic.twitter.com/lxQw9fmBkV
— Timothy Sykes (@timothysykes) April 24, 2026
But I wanted to share with you WHY it’s a good idea to watch stocks like POET for several days.
Stalk them and be ready. The best dip buy opportunity of the week was on Friday.
Millionaire Moves
This Friday and Saturday (May 1st – 2nd) I’m hosting a LIVE 2-Day Bootcamp teaching setups, strategies, and patterns (like the morning panic dip buy) that have been working in 2026.
Several people have already asked me “Tim, who is this bootcamp for?”
I think you’re going to love this…
If you’re NEW, this week’s bootcamp will help you get started the right way.
If you’re already trading and you want MORE, the bootcamp will help you level-up your knowledge account.
And if you are already profitable but want to be GREAT, this bootcamp is perfect for you.
And the best part is…
It’s FREE.
But… you have to preregister.
Yes Tim, Let’s DO THIS!
Join the Millionionaire Formula Conference Now
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On My Radar
I only want to leave you with one thing to think about today (other than registering for the bootcamp), and that is this…
We live in the most amazing time in history. Promise me (and yourself) that you will work HARD to build your dream life…
10:55pm study check, no matter where you are right now tell me you’re studying and hustling hard to build your dream life because you realize for the guest time in history it’s possible to achieve all within a few years even if you’re not that smart, good at math or have very… pic.twitter.com/m4NrPN7SMy
— Timothy Sykes (@timothysykes) April 24, 2026
Have a great week and I’ll see you on Friday!
Cheers,
– Tim Sykes
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