PLUG the Next GameStop..PLUG added to Reddit YOLO Favorites!! So we saw GameStop and Blackberry go on crazy runs on trader platforms like Robinhood and Reddit influenced Bill Boards. Now they are talking about Plug Power being the next GameStop.
I say.... bring it on boys and girls!!! Retails investors have gathered on online forums, most notably Reddit’s r/wallstreetbets, to exchange tips and target stocks that hedge funds have bet against, hoping to drive share price higher in the short term and push short sellers to reverse their positions and buy back shares—which will drive share price even higher.
Despite its struggling business and plans to close thousands of stores across the U.S., GameStop shares surged over 700 percent in the past two weeks thanks to frenzied buying of retail investors. And as GameStop’s surge continued on Wednesday, AMC emerged as the next Reddit darling, with shares more than tripling overnight on Tuesday.
So, what’s next? According to The Wall Street Journal‘s analysis of trading volume data from FactSet, other stocks that have attracted strong amateur trader attention recently include Blackberry, Bed Bath & Beyond, hydrogen battery maker Plug Power, and Chinese electric vehicle startup Nio.
Load up before the run