Is TRKA Stock the Next GameStop? Why Reddit Thinks So

This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this contact go markets leading broker offering forex share cfds and more block including submitting a certain word or phrase, a SQL command or malformed data. These reasons explain why GameStop’s business has been in a state of decline for a long time now.

In early April WallStreetBets had its first significant round of zeroing in on MicroVision. While the stock had already hit its all-time high in February, you can see from the graph that comments about the company have exploded in the past week. This is probably one of the reasons that the stock has rebounded higher. Get a brief on the top business stories of the week, plus CEO interviews, market updates, tech and money news that matters to you.

In the 2000s, this winning formula propelled the company to open thousands of stores around the world and make money hand over fist. GameStop’s stock more than doubled in 2007 because investors believed the good times wouldn’t end. Critics used to dismiss the moonshots for GameStop and others as a sideshow, saying the excess was confined to a few corners of the market.

Tom Yeung is a market analyst and portfolio manager of the Omnia Portfolio, the highest-tier subscription at InvestorPlace. He is the former editor of Tom Yeung’s Profit & Protection, a free e-letter about investing to profit in good times and protecting gains during the bad. In GameStop’s case, activist investor Ryan Cohen promised a corporate overhaul to refocus the retailer on e-commerce and other non-mall-based activities.

  1. That’s even with WBX stock taking a sizable 15.4% loss in the first week of 2022.
  2. After all, crime — particularly property crime — is on the rise in the post-pandemic period, cynically boding well for CXW stock.
  3. Heck, short interest in HRTX has been above 10% since mid-2018.
  4. But it has really clamped down on pricey high-short-interest meme stocks from last year.

That would place us near the cusp of what analysts usually consider bear market territory. Frankly, it beat out every possible upside expectation I had for the rather speculative bet. Right when you’re down on your chips, the community swoops in and stops the affluently cynical dead in their tracks.

How Some Brilliant Computing Power and A Smart Algo Identified Top Short Squeeze Stocks That Surged

On the date of publication, Josh Enomoto held a LONG position in GME. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. Nevertheless,’s potential lies in the fact that gambling is popular. As well, with speculation nowadays being the only way to get ahead due to ho-hum rises in wages, the activity may remain so. If any name could be the next GameStop, it could be Workhorse, the electric vehicle (EV) manufacturer that everyone seemingly thought was a shoo-in for the U.S. Since Workhorse was the only all-electric solution in the bidding, many if not most analysts reasoned that it had the highest probability of securing the deal.

This past year, the squeezes were so amplified because of the small- to mid-cap companies selected. When a smaller company has an extraordinary trading volume, it is amplified compared to a mega-cap company. Dillard’s is also a Very Bullish quant recommendation and has the highest level of short interest at 53%. Perhaps the naysayers on the stock dislike it because it is a traditional department store retailer. However, the company looks very solid in regards to growth, value, profitability, and analysts expecting the company to do well going forward. The stock is up 75% from our Very Bullish recommendation in August 2021.

Then again, the same could be said about the very hedge funds the social media crowd targeted. The irony, though, is that committing such acts ruins the ecological balance that organically promotes harmony in nature. In the investment market, short trading is necessary, in part to weed out underperformers from accruing any more capital from unsuspecting or unsophisticated investors. Furthermore, short trading may facilitate holistic price discovery, thus potentially mitigating wild peaks and valleys. Rising interest rates amid expectations for tighter monetary policy have hit growth stocks as a whole in 2022.

Sub-$10 Stocks Poised to Triple Before 2025 Ends

Steven Cress is the Head of Quantitative Strategies and Market Data at Seeking Alpha. Steve is also the creator of the platform’s quantitative stock rating system and many of the analytical tools on Seeking Alpha. His contributions form the cornerstone of the Seeking Alpha Quant Rating system, designed to interpret data for investors and offer insights on investment directions, thereby saving valuable time for users.

What Is GameStop, the Company, Really Worth? Does It Matter?

Investors see Ryan Cohen helping GameStop’s digital transformation. But analysts still expect GameStop to keep losing money in its next fiscal year. tracks Reddit’s WallStreetBets positive and negative sentiment on stocks.

He is also the Founder and Co-Manager of Alpha Picks, a systematic stock recommendation tool designed to help long-term investors create a best-in-class portfolio. Using 2019’s revenue to remove any Covid-19 impact and the current market cap of $3.1 billion, the company’s market cap to revenue ratio is 1,077x. Though many ideas undergirding fast-moving Reddit stocks have been predictable, it’s important to remember that no one market community is a monolith.

Sharp losses for short sellers may have pushed them to sell some of their other stock holdings to raise cash, and several investors say that contributed to Wednesday’s 2.6% slide for the S&P 500. Other heavily shorted stocks have been seeing a surge of interest recently as investors look for the next GameStop. American Airlines, BlackBerry and other formerly downtrodden stocks have had extreme swings in price this week. Steve is passionate and dedicated to removing emotional biases from investment decisions.

Leave a Reply

Your email address will not be published. Required fields are marked *

Find out all about your love or business partner
A new program that will give you all the information from public sources and databases