GME - 3 Stocks I Would Avoid at All Costs
AMC Entertainment Holdings (NYSE: AMC) , GameStop (NYSE: GME) , and Koss (NASDAQ: KOSS) have become some of the more popular meme stocks in recent months. Traders monitoring Reddit's WallStreetBets online forum and other investors driven by social media have enjoyed some success trying to force short squeezes . But when the dust clears and momentum traders move on, investors could find themselves stuck holding stock in struggling companies with weak competitive advantages.
Let's find out a bit more about why these are three stocks I would avoid at all costs.
Thanks mainly to traders looking to force short sellers to cover their bets, AMC has risen nearly 2,700% since the beginning of the year. This outsized interest in the stock has made it possible for the international theater chain to issue additional shares and raise sorely needed funds.
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3 Stocks I Would Avoid at All Costs