A great way to play contrarian is by selling or shorting stocks that are perpetually bleeding and have little chance of making a recovery. There are many companies like Bed Bath & Beyond (OTCMKTS:BBBYQ) that are delaying their inevitable bankruptcy through share dilution and betting against these stocks can be extremely profitable if you choose the right ones. Some stocks you should never buy — and we’ll be discussing three such stocks today.
However, I would note that if you want to go short, I will remain very cautious. It can be dangerous to short volatile stocks, even if it’s a falling knife. Short squeezes are rare, but they are trendy nowadays and can lead to substantial losses if you are caught up in the wrong place at the wrong time.
With that in mind, let’s explore the three stocks to never buy.
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