Could This Tiny Stock Be the Next GameStop? By Luke Lango and the InvestorPlace Research Staff Meme stocks are back – and they're not going away anytime soon. Over the past month, retail traders have banded together once again to send shares of otherwise forgotten stocks significantly higher. Bed Bath & Beyond is up 33% over the past month. Koss and GameStop are both up over 60%. BlackBerry is up over 85%. AMC has surged a jaw-dropping 475%. Fundamental, long-term investors may want to ignore this meme stock mania. But they shouldn't. They should, at the very least, acknowledge it – because it's a phenomenon that will keep happening. You see… this is about more than GameStop stock, or AMC stock, or the WallStreetBets forum on Reddit. This is about retail investors discovering the power of the internet to coordinate buying efforts and dramatically influence stock prices. They used this power on GameStop in January. And again on AMC in June. Both times, it worked better than anyone could've imagined. They will use this power again. And again. And again. And again. Retail investors coordinating buying efforts through social media forums will increasingly become more and more normal, because they now see that – when done correctly – it can work. Not just once. But many times over. Not to mention, commission-free trading platforms with leverage capability are giving a new generation of "Robinhood" traders the tools they need to move stocks. In other words, what happened to GameStop stock in January and AMC stock in June will happen again. Indeed, it will happen many, many more times. And, as history bears out, there is no quicker way to score 10X gains in the market than jumping on a meme stock before it blows up. That's why, in today's edition of The Daily 10X, we are going to tell you about a small-cap stock that no one has ever heard of, but which we feel could turn into the next big meme stock to blow up – the next GameStop, or AMC, if you will. This stock is not for the faint of heart. Nor is it a long-term investment. But, a rightly timed trade here could score huge returns in record time. Caution is warranted – so is excitement. The Next Big Meme Stock Meme stocks may appear random. But they are anything but – because, after all, it takes certain set of characteristics for the "let's all band together and drive the stock price to the moon" strategy to work. You need a low stock price, to enable retail investors to buy a lot of it. You need a small float, so that a small group of investors can impact a big change. You need a high short interest, so that buying pressure eventually leads to a short squeeze. You need lots of momentum, to attract mainstream interest. Given these characteristics, we think a tiny, $120 million company by the name of Vinco Ventures (BBIG) will be the next big meme stock. Vinco Ventures is basically blank-check company that is looking to acquire digital media and content companies. That's not the important part. As stated previously, we are highlighting Vinco Ventures stock today not because the long-term fundamental bull thesis is compelling – rather, because this stock has what is to takes to turn into the next big meme stock. Low stock price? Check. As of this writing, Vinco Ventures trades below $5. Great price for a meme stock. Small float? Only 19 million shares. That's tiny. A small group of investors could really move the price very quickly. High short interest? You bet. 20% of that 19-million-share float is sold short. That sets up the stock for a huge short squeeze, especially since a lot of those shorts will be forced to cover if the stock breaks $5. Tons of momentum? Yup. On both the social and stock price sides. Socially, Vinco Ventures is trending all over Twitter and Reddit, with volume of mentions swinging sharply higher. On a technical basis, the stock has more than doubled over the past month and is breaking out of a multi-month downtrend in a powerful fashion. This tiny, completely off-the-radar stock has what is takes to be the next big meme stock. To be sure, the risks here are enormous. This is not a long-term investment opportunity. This is not for your lunch money. But, as a service that seeks out 10X investment opportunities, we wouldn't be doing our job if we didn't highlight potential meme stock breakouts for you, as that has been proven to be a solid way to score 10X returns in the market at record speed. And so, if you're in the mood to chase some meme stocks and see what happens, you may want to consider placing a short-term trade on Vinco Ventures stock. Small-cap stocks that can rise 10X over the long run are often volatile. If you are interested in this stock, buy it like a pro by setting strict limit prices. Learn more about how to use limit orders here. | Key Company Details | | Company Name | Vinco Ventures, Inc. | | Ticker Symbol | BBIG | | Yesterday's Close | $4.41 | | Current Market Value | $123 Million | | Annual Revenue | $16 Million | | Catalyst | Meme Stock Opportunity |
Today's Investor Education Focus: | | | The small cap market gives rise to many stocks that soar hundreds— even thousands of percent—in short time frames. But buying your stake in these potential winners isn't like buying a stake in a giant company like Google or Apple or Home Depot. There's a right way to buy your stake in a small cap and a wrong way to buy your stake in a small cap. | Click here to visit The Daily 10X Stock Report Education Center
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