EliteTrader's resident trailer park stock expert, TrailerParkTed, alerted me to TKAT. This has been spiking HUGELY, I mean like hundreds and hundreds of percents recently. Apparently its a reddit wallstreetbets meme stock or whatever, they are pumping it. So that means I want to battle them. To the death. What does everyone know about this stock? Is it hot garbage, just like GME, with little value, that will surely come back down when the pump inevitability runs out of steam? What would your strategy be to short it? I'm thinking every time it spikes I'll just short $1,000 worth. I know, its small, but I want to build SLOWLY so I don't get caught in some dumb short squeeze. But I'm all open to ideas. Thanks!!!
The WAR against TKAT ---> Day traders trading TKAT what an excellent stock for day trading. such stock is not garbage. it is a treasure (at least for a few hours/days)! don't bother to check how lousy the company or CEO is. Just focus on the chart. The time to long it was 6 days ago (!!!!!) on 17 Mar 2021, 1130am ET when there was a sudden increase in volume. have a stock screener to detect a significant change in volume.
GME is not hot garbage. It might be hot but it's not garbage. Even if it is, one man's trash is another man's treasure! If you short it, you will be caught in a short squeeze.
Damn thing is down over 30% today. I could have cleaned house. Guess I got to wait for another spike!