If you’ve been following the news at all this week, then you’ve likely seen the meteoric rise in GameStop’s share price in a short squeeze.
And when it comes to the next GameStop, there are plenty more stocks out there if you spend some time looking. Watching one stock run up hundreds of percentage points in a day is rare, but the opportunity for a short squeeze is always there if you have a handful of important ingredients.
WealthPress trader Jeff Yastine mentioned one such stock in an inauguration play video he did recently. And it could be the next GameStop in terms of its share price rocketing upward in a short squeeze.
Jeff has never recommended shares of GameStop Corp. (NYSE: GME), but he has always thought there was more value in it than short sellers gave it credit for. And for a variety of reasons we’ve covered in-depth here at WealthPress, a lot of people have piled into it, forcing a massive short squeeze.
And the question many people are asking now is, what’s the next GameStop?
The Next GameStop Stock Could Be My Recent Pick
Jeff picked this stock back around the election in early November, long before the GameStop mania. And at the time he thought the shares would do well under either a Trump or Biden administration.
This company offers a profitable software platform that allows insurance companies to sell their policies. People visiting the site can browse among them and comparison shop. Since the election, the stock had gone mostly sideways. And suddenly, the day before the inauguration, it exploded!
But what makes this company potentially the next GameStop stock?
Last year, a famous and respected short seller and research firm called Muddy Waters recommended shorting this company. The shares then dropped 45% after the short report before recovering to the current price level.
But to this day, the company remains a favorite for short sellers, and it could be the next GameStop stock. Check out Jeff’s short video and let’s dive into this potential short squeeze home run. Did you get in on the GameStop mania this week, or are you shorting any stocks right now? Share your thoughts and comments below.
And as always, send your investing questions to [email protected]. Be sure to subscribe to his new YouTube channel. You can also follow him on Twitter and Facebook.
