5 Reddit Stocks to Avoid Like the Plague
Buckle up and hold on -- 2021 might be just as volatile as its predecessor.
Over the past month, retail investors on Reddit's WallStreetBets (WSB) chatroom have created unprecedented volatility in some of the most obscure stocks on Wall Street. WSB members have effectively agreed to band together to purchase shares and out-of-the-money calls on stocks that are either heavily short-sold or very low-priced. Dozens of momentum-based short-sold or penny stocks have been whipsawed as a result.
While some of these momentum stocks are still significantly higher than where they were before the Reddit frenzy began, the fact is that many have detached from their underlying (and often poor) fundamentals.
Source Fool.com
