Forget Bitcoin and Short Squeezes: This Growth Stock Is Backed by Fundamentals
Image source: Getty Images Last week took the stock market by storm. The fundamentals went for a toss, as Redditors assembled and targeted unpopular stocks that hedge funds mostly short. These retail investors forced hedge funds to cover their losses through a short squeeze. Before January, there was the Bitcoin frenzy, as hedge funds poured in millions of dollars on this cryptocurrency. These short-term frenzies were not running on fundamentals but speculation. If you are lucky enough, you made a huge profit or suffered a huge loss. Why am I pessimistic about the short sq...
Source: fool.ca