5 Supercharged Stocks That Are Going to the Moon
Although the year isn't even halfway over, it'll almost certainly be remembered as the year retail investors firmly asserted themselves on Wall Street.
Since January, retail investors have effectively banded together to buy shares and out-of-the-money call options in stocks with very high levels of short interest. The intent of these retail groups is to effect a short squeeze -- a short-term event that sees pessimists (short-sellers) run for the exit at once, causing a company's share price to skyrocket -- and send these stocks "to the moon."
Unfortunately, nearly all of the companies retail traders have targeted have poor fundamental track records and/or frightening balance sheets. In short, these gains aren't going to be sustainable.
Source Fool.com
