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!!!
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!!!