Shares in Elon Musk s Tesla are still among the most popular despite their value dropping 60% this year, while investors also favoured beaten-up UK financial firms.
In January, Cohen joined the Gamestop board which helped to boost its share price from $19.95 to $39.12 in just 9 days.
An army of novice Reddit traders then flocked to Gamestop lifting its share price to nearly $350 after Elon Musk s Gamestonk tweet.
Attention then turned to other stocks that had fallen out of favour, like cinema chain AMC Entertainment and even Nokia at one point.
Investors are still backing meme stocks
Now the dust has settled, it seems those who bought at the peak in mid-January are nursing losses.
Gamestop is trading down nearly 50 per cent from its January highs, although it has soared 880 per cent in the year-to-date.