In Tuesday’s Blitz Daily, we’ll take a look at online gaming company Skillz as bullish meme investors put pressure on short sellers.
Just when the bears and the media thought the ape army had left Skillz for dead in the Meme Stonk Wars of 2021, the bulls came back Tuesday afternoon to squeeze the stock and bleed the hedgies.
While other highly shorted meme stocks like AMC and GameStop largely maintained or grew their new valuations in 2021, SKLZ was not as fortunate. Share prices for the esports company declined steadily from its record highs in February. But retail investors and their short-busting institutional allies are hoping that might change, starting Tuesday.
And as fun as all of the meme trading shenanigans are to discuss, I have two more names seeing massive order flow that traders need to put their eyes on — including one of the strongest charts I’ve seen this year so far…
Disclaimer & Disclosures The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our Terms and Conditions for more information.
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