The situation was straight out of George Orwell’s Animal Farm. Last year, I penned an article for TipRanks where I described the clear contradiction between the original ethos of meme trading - getting back at Wall Street hedge funds who destroyed regular households without accountability in 2008 - and the very idea of profiteering from private-prison institutions like Geo or CoreCivic. For me, the inclusion of GEO stock on Reddit traders’ radar was a curious one. I’m cheating a bit with CoreCivic as a potential idea for top Reddit stocks in 2022 as its rival, Geo Group (NYSE: GEO) generated significant buzz across various social media channels. Third, I do not own the featured securities and therefore, I don’t care whether they move higher or not. Second, I am just presenting ideas - this is for entertainment purposes, not investment advice. First, speculating on the next big Reddit stocks is extremely speculative. With that in mind, here are other possible ideas for Reddit stocks that could be the next big thing.īefore we move forward, let’s discuss a few disclosures. Still, the meme-trading phenomenon that started with GameStop may continue throughout the new year, even if GME stock itself is starting to look long in the tooth. Furthermore, short trading may facilitate holistic price discovery, thus potentially mitigating wild peaks and valleys. In the investment market, short trading is necessary, in part to weed out underperformers from accruing any more capital from unsuspecting or unsophisticated investors. The irony, though, is that committing such acts ruins the ecological balance that organically promotes harmony in nature. That is, Reddit traders may see themselves as the righteous hunter, blowing away birds of prey just as they swoop in for the kill.
Well, those who are adamant about supporting Reddit stocks to buy may demonstrate reverse psychopathy. Hermann Ph.D., a researcher in human behavior and criminality. Right when you’re down on your chips, the community swoops in and stops the affluently cynical dead in their tracks.Īs many of you may know, cruelty to animals is “symptomatic of a deep mental disturbance,” per Henry R. Before the madness of now casually referred to as Reddit stocks, I bought (and still hold some) shares of GME.įrankly, it beat out every possible upside expectation I had for the rather speculative bet. Sharing information under the social media platform’s r/WallStreetBets community, an intrepid few noted that major hedge funds were well-overleveraged in their bearish position on GameStop (NYSE: GME), a struggling video games and accessories retailer that was increasingly becoming irrelevant as gaming transactions increasingly occurred online. However, for a glorious year in 2021, the burgeoning concept of Reddit stocks proved that, sometimes, the market can defy gravity. Under the commonly accepted paradigm of Wall Street, many investors are able to thrive on the way the market is set up.
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