Wallstreetbets

Our top NFT pick WKEY pulled back 30% after doubling on Wednesday on more great news on the digital security and NFT front. It announced the introduction of WISe.Art, a digital certificate of authenticity — a “non-fungible token” (NFT) — that lives forever on the blockchain, unchanged and unchallengeable, as proof of buyer’s ownership. This is the company's fifth NR in eight days, and second one it released during market hours, killing shorts. Traders should be aware of the likelihood of great news releases during market hours, usually around 1pm Eastern. The stock could see buying pressure tomorrow and every day going forward during lunch hour in expectation of another big release. Today's pullback makes for a great loading up opportunity in our opinion. WKEY's market cap is $271 million, far less than TKAT's $445 million market cap even though WKEY clearly has the better and more important news in the NFT space and is based in Switzerland, an important financial hub a...

Our top NFT pick WKEY doubled today after more great news on the digital security and NFT front. It announced the introduction of WISe.Art, a digital certificate of authenticity — a “non-fungible token” (NFT) — that lives forever on the blockchain, unchanged and unchallengeable, as proof of buyer’s ownership. This is the company's fifth NR in eight days, and second one it released during market hours, killing shorts. Even after the double, WKEY's market cap is only $390 million at close on Wednesday. This is still less than TKAT's market cap of $414 million even though WKEY clearly has the better and more important news in the NFT space and is based in Switzerland, an important financial hub and more trusted jurisdiction than China. TKAT's market cap topped out at over $800 million on this run. WKEY could do the same. DPLN and HOFV announced a partnership and both stocks opened up strongly, but gave up most of their gains by the end of the day. Comparing this trading to...

Non-Fungible Tokens mania is lifting stocks. The leader to this movement is TKAT, an online platform for art dealers in China. In response, other Chinese-listed companies have increased on rumors of also participating in the NFT trend. OCG, another arts and collectibles platform and JFIN, a financial marketplace. KBSF is one to look closely at as well, as it has recently combined with a company that owns Luxventure, a social media platform offering cross border merchandise through online and off-line channels and luxury tourism experiences to its members. WKEY is our top NFT pick. It's trading at about one-third of TKAT's market cap at less than $200 million, but has substantially better NFT developments. It announced NFT for Digital Identity Verification of Valuable Objects and Proof of Ownership of Digital and Tangible Assets a few days ago and also signed a deal for remote document signing last night. It's based out of Switzerland, a much more trusted jurisdiction of ope...

On Friday it's the monthly triple witching day, where the most extensive list of options hit their expiry. On February 19, it signaled the bottom for GME and near the bottom for most of the meme stocks. While put option holders won that round. these stocks have done nothing but rise since. We expect this Friday to be a big win for the call option holders and bulls, as the rising market and rising prices of these stocks in particular are putting pressure on them. This is a chart of the share float and short interest of the top meme stocks and short squeeze candidates. These stats are posted exactly as is from Yahoo Finance and we're aware that the short % doesn't equate to the short interest divided by float: GME remains the top target with a short % of 52%. OTRK comes in at #2 with 32% and remains our prime target for a massive short squeeze based on this high short interest and gap in the chart currently attempting to be filled:   OTRK had a huge gap down from the $50'...

Breaking news. Top meme stock short squeeze candidate OTRK announced a new CEO Jonathan Mayhew. The stock is up in the $37 range pre-market but with short interest numbers and a gap fill in the chart as demonstrated in our previous blogs and posted below, it has potential to make a major move in the coming days. According to the SEC filing , Mayhew most recently served as Executive Vice President and Chief Transformation Officer of CVS Health, where he had enterprise-wide oversight of the entire portfolio of CVS business transformation initiatives and played a key role in shaping CVS Health’s integrated value story. Previously, he was President of U.S. Markets for the Aetna Health Care Business. This is important because OTRK recently tanked on news of losing Aetna as a client. Now it has a chance at gaining it back.  Short interest data pulled from Yahoo Finance was updated for numbers up to the end of February: These stats are posted exactly as is from Yahoo Finance and we'r...

Meme stocks and short squeeze candidates remain bullish after today. The star of the show today was OTRK which went up 17% to $35.18. This was the highest close it has had since its big gap down on March 1. Short interest data pulled from Yahoo Finance was updated for numbers up to the end of February: These stats are posted exactly as is from Yahoo Finance and we're aware that the short % doesn't equate to the short interest divided by float. GME remains the top target, though its short interest as a percentage of the float did decrease from 60% to 52%. OTRK's increased slightly to 32% from 30% and remains the second highest shorted stock of the six. KOSS' short interest doubled to 21% so that's another one to watch.  A chart of OTRK's recent performance really outlines its short squeeze and gap fill potential:   The stock has a white candlestick extending well above the highs of the gap down made on March 1. This is really important because now it's in the...

Meme stocks had another good day with round 2 of the short squeeze in full force. GME increased 27% and OTRK increased 13% to $28.49 with an additional 10% rise to $31.40 after hours after the company released a financial update.  Here's a chart of the hottest meme stocks and short squeezes: Data was grabbed from Yahoo Finance. We see that short interest as a percentage of the float remains high for GME at 60.35%, highlighting its continued potential to squeeze. Next highest on the list is OTRK with 30.21%. It's actually much higher than other meme stocks like AMC and EXPR. With the strong positive reaction to the financial update, we expect this to compound the short squeeze potential. WSB is currently restricting posts on OTRK due to the $1 billion market cap rule, but other stocks with smaller market caps like EXPR get mentioned all the time. We think that the mods behind the group are trying to downplay OTRK so it doesn't run so much and they can load up cheaply before ...

Meme stocks are back in play with round 2 of the short squeeze. GME breached $200 for the first time since February 1. All the other major meme stocks rose, and we are on the watch for more short squeeze potential. Here's a chart of the hottest meme stocks and short squeezes: Data was grabbed from Yahoo Finance. We see that short interest as a percentage of the float remains high for GME at 60.35%, highlighting its continued potential to squeeze. Next highest on the list is OTRK with 30.21%. It's actually much higher than other meme stocks that moved today like AMC and EXPR. WSB is currently restricting posts on OTRK due to the $1 billion market cap rule, but other stocks with smaller market caps like EXPR get mentioned all the time. We think that the mods behind the group are trying to downplay OTRK so it doesn't run so much and they can load up cheaply before they let OTRK turn into a meme stock like the others.  LIVE remains a dark horse play. The short interest is low, ...

OTRK is the next short squeeze target. The hedge funds are shorting this one heavily. The stock has dropped from $60 to under $25 in the last few days. A big deal is being made of the company losing their largest client but even with that loss, they still expect revenue to grow next year. Another thing you'll notice is a ton of news releases from ambulance chasing lawyers that are trying to create negative headlines. We think that some of these firms might be in bed with the hedge funds to try to put more negative sentiment on the stock and doubt into buyers' minds. This is a telltale sign of Wall Street trying to push it down to maximize short gains. After several red days in a row, it actually bounced quite nicely mid-day from less than $23, a sign that a bottom has been hit.   OTRK has a similar short interest as RKT, which has done very well on the back of a short squeeze lately. Look at the stats from Yahoo: 30.68% short interest. There is 7.23 million share float and 2.5...

Meme stocks are back. GME, AMC, BB, EXPR and KOSS all had positive days today. One meme stock that also rose a little bit is Live Ventures. But what makes LIVE so special is that it's pulling in big profit and EPS figures.  LIVE owns Vintage Stock. Vintage Stock is a retailer like GameStop that sells Music, Movies, Video Games, Comic Books, Posters, Toys and Sports Cards. It has about 60 locations across the southern United States.  https://vintagestock.com/ LIVE also has really good financials, it has only a 5 PE ratio and $4.54 EPS. Most companies have a PE ratio of 20 or more.  Can this one go to $1,000? Or at least $100. We think so.  LIVE is like KOSS in that it has a very small float, and we saw how KOSS ran from $10 to over $100 in a couple of days in the last meme stock run.  This is KOSS's share stats from Yahoo: This is LIVE's share stats from Yahoo: LIVE's float is actually much less than KOSS, 1.27 million versus 4.71 million. Both companies hav...