BlackBerry stock is surging on short-squeeze hype again, but that doesn't mean everyone should rush out and buy shares.
The madness began again early this week with Blackberry shares up over 13% on Monday.
After the success of trades around GameStop (NYSE: GME) and AMC (NYSE: AMC), is BlackBerry stock the next meme to pop? .
Here’s what to look for before buying this lottery ticket…
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The ship has sailed on the GameStop short squeeze play – ditto the AMC Theaters trade.
But, Chris Johnson has isolated one stock with a whopping 6.2 short-interest ratio that’s primed for truly massive gains this month.
CJ is projecting at least 60% profits here by the Fourth of July… .
by Andrew Keene
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As we saw with GME.
AMC, BBBY, and others not long ago, stocks experiencing a short squeeze can experience fast, almost violent bursts of profits as hedge funds scramble for the exits.
Our Andrew Keene is watching two short squeeze stocks with extreme profit potential right now.
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by Tom Gentile
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Unless you've been camping on Mt. Everest this week, you've heard the deal with GameStop.
The company had been on deathwatch since 2019, and it didn't do as well as other pandemic-era "comebacks"… until the Internet got hold of it. The price action has been just absolutely bananas over the past week or so, as momentum has gathered. In the five minutes since I started to type this, the price has yo-yoed in a $50 range.
GameStop has been a short squeeze of massive proportions, but as of Wednesday, the two biggest short positions, run by Melvin Capital and Citron Research, have been covered and closed. Finito. Andrew Left, the CEO of Citron – which really likes to short stocks – said his traders had covered their short at $90 and taken a 100% loss.
Without the big shorts, there's just no mechanical reason for this rally to continue. It's like a car with the gas light on – you might make it a couple more miles, but one way or another, you're stopping. It could be a matter of hours before those Internet-based investors realize they've bought big into a company that, for all the hype of the past few days, is still a really troubled operation on deathwatch.
Here's the thing, though… GameStop is only the biggest, most famous of these stories right now. Reddit, TikTok, and other social media-based investors have targeted other big Wall Street shorts out there.
I've made a list I'll share with you in a second, and I'll tell you how to play them.
Like I said the other day, cooler, calmer heads have a chance to sneak in the back door, safely pocket some gains, and get out again before anyone realizes what's happened… Full Story
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There have been many boxers that entered the ring with just a punchers chance.
They weren't the best students of the sweet science, and they often took a lot of punches from more skilled opponents.
But if they made good contact during the fight, they could beat anybody.
Penny stocks are the big punchers in your portfolio.
Maybe they don't have all the flashy traits of bigger companies, but they have the chance to outgain any of them.
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The Dow Jones today will push higher after U.S. Trade Secretary Steven Mnuchin said the U.S. and China will return to the trade table in two weeks in Washington.
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The Dow Jones today could jump by triple-digits as the U.S. inches closer to a trade agreement with China.
Investors cheered after U.S. Treasury Secretary Steve Mnuchin reported a "constructive" dinner with Chinese trade officials.
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The Dow Jones Industrial Average projected a 107-point decline this morning as concerns about Italy's debt burden and NAFTA negotiations weighed on investor sentiment.
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The Dow Jones Industrial Average rose over 40 points this morning as Canadian Foreign Minister Chrystia Freeland arrived in Washington to discuss trade relations between Canada and the United States.
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The Dow Jones today traded flat in pre-market hours after Tuesday's 344 point decline.
Tech stocks underwent a broad selloff with social media giant Facebook Inc. (Nasdaq: FB) leading the pack.
Yesterday's downturn solidified the first quarterly downturn in the stock market in two years...
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