7 Stocks to Watch Like $GME
Yesterday was a turning point in stock market history when Robinhood restricted trading on several stock tickers including $GME & $AMC to stop retail traders from buying stock.
Robinhood even went far enough to force traders to liquidate Gamestop shares at the intraday low without their permission.
Watch the full video here:
I deleted the Robinhood app and now do all of my trading on Fidelity & Webull.
Robinhood’s biggest customer is Citadel who is heavily linked to Melvin Capital and other short sellers. I suggest using a Robinhood alternative like Webull or a full service brokerage like Fidelity, TD Ameritrade, or Vanguard.
Here are the stocks I’m watching today:
Gamestop (GME) - I spent the whole night reading up on the Gamestop fiasco and I think there are many reasons other than fighting short sellers to buy the stock. Activist investor Ryan Cohen sold Chewy (CHWY) for $3 billion in 2017 and has taken a major role in the company. Gamestop can crush the e-gaming niche if they focus on e-commerce sales like Amazon. GME is a great long term hold and a smart way to burn the short sellers at their own game.,
Genius Brands (GNUS) - Another heavily shorted stock is Genius Brands with around 27 million shares short as of late. We get a sneak peak of the Superhero Kindergarten cartoon today and I expect an epic short squeeze as retail investors rush in to buy the hype. Not to mention the company has turned itself around and should hit $18+ in the next couple of months
AMC Theatres (AMC) - After Gamestop, AMC Theatres is the next biggest short squeeze candidate for Friday. AMC will survive this COVID-10 pandemic and hopefully come out a stronger, more digital friendly business. Buying up AMC stock is a good idea because the short squeeze could take it to $25 or higher.
Bitcoin stocks - Elon Musk posted the bitcoin hashtag on his Twitter profile and now Bitcoin is soaring as I type this email. BTC is at $36,000 and could smash through $40k once everybody wakes up on the west coast. That puts bitcoin stocks like Microstrategy (MSTR), Riot Blockchain (RIOT), and Marathon Patent Group (MARA) in play. Both Microstrategy and Marathon hold bitcoin in its reserves, 70k and 4.8k respectively.
Koss (KOSS) - Koss is a low foat, short squeeze play that could run much higher today. Koss reported earnings of 7 cents per share in the most recent quarter on increased sales driven by the “work from home” trend. It looks like a good target to run much higher if you’re looking for another popular short squeeze play other than $GME or $AMC.
That’s it for today. Follow me on Twitter to get more real time updates from me throughout the day.
I’ll be available in our private discord chat if you have any questions to ask me.
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