5 Stocks to Watch Like $GCT
The APE dividend tanked AMC stock yesterday and now I don’t know exactly how to approach either stock.
Let’s see how things play out. Right now, I’m holding a few shares of GCT and hope it bounces back in Tuesday’s trading session.
5 Stocks to Watch for Tuesday August 23rd 2022
GigaCloud Technology (NASDAQ: GCT)
AMC Preferred Shares (NYSE: APE)
MicroStrategy (NASDAQ: MSTR)
Bright Minds Biosciences (DRUG)
Blue Apron (APRN)
GigaCloud Technology (GCT)
I’m betting on a HKD like move in the stock although the recent news about a Chinese economic collapse doesn’t help GCT shares one bit. The good news is the stock trades at a super low float. Yesterday, it bounced off of $30 and soared to as high as $46 before collapsing again. This will be a stock to watch for the rest of the week at least.
AMC Preferred Shares (APE)
APE is nothing more than a lotto ticket to me right now. The stock is trading pretty volatile and we won’t know how AMC CEO Adam Aron plans to use these preferred shares in the future. It’s worth a gamble in my opinion.
MicroStrategy (MSTR)
When Bitcoin bounced off of 21k support, I bought a bunch of MSTR stock due to its high short interest and 129k BTC stash. You are probably better off trading MSTR options if you expect a big BTC move in the near future.
Bright Minds Biosciences (DRUG)
I don’t mention many biotech stocks in this newsletter but DRUG has some tasty price action lately. More information on this one coming soon. I’m adding it to watchlist today.
Blue Apron (APRN)
APRN stock is getting squeezed and is up 13% premarket. The company deliver prepared meals and looks like another potential WSB play.
What’s Next?
I’m feeling much better now and have calmed down since the whole BBBY scam. I’m looking forward to finding more growth stocks and potential short squeeze plays but will tread with caution in the future. Hope everyone is feeling better too.
That’s all for now. Thanks for reading and check out my site, InvestorTrip.com, for more articles and insights.