Forget AMC Entertainment: These Stocks Will Make You Rich
Over the past two months, Wall Street has watched a new phenomenon take shape: the Reddit frenzy.
Retail investors on Reddit's WallStreetBets (WSB) chat room have essentially banded together to buy shares and out-of-the-money call options on stocks with high levels of short interest. The goal of the WSB community is to create a short squeeze that sends heavily shorted stocks rocketing higher. Since the vast majority of short-sellers are institutional investors and hedge funds, these retail investors view their actions as a way of getting back at the so-called "big money."
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Source Fool.com
