BBY - Whitney Tilson calls short-term top on AMC GameStop other Reddit stocks
Photo by Michael M. Santiago/Getty Images News via Getty Images Saying that the "recklessness of a segment of retail investors appears to have no bounds," former hedge fund manager Whitney Tilson says another top is in the making for meme stocks. Officially calling for a short-term top in what is "clearly a dead-cat bounce," he identifies the 10 of the biggest "turds" in his 25-stock "Short Term Bubble Basket," which has rallied since he created it in January. The stocks are: GameStop (GME) +4% AMC (AMC) +37% BlackBerry (BBY) +13% Bed Bath & Beyond (BBBY) +40% Koss (KOSS) +11% Nikola (NKLA) +7% Workhorse (WKHS) +4% Nano-X Imaging (NNOX) -1% GSX Techudu (GOTU) -8% Plug Power (PLUG) -3% "Mark my words: these stocks will fall 25% within a month (probably much sooner), 50% within three months, and 75% within a year," he writes in an e-mail. "I will be tracking them and will report back to you periodically." AMC announced earlier
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Whitney Tilson calls short-term top on AMC, GameStop, other Reddit stocks