Steinhoff, GameStop, SKRR Exploration: This is how you gamble today!

Steinhoff: When justice and the stock market come together

Steinhoff's stock has been heavy for weeks. The stock has only been a household name to many investors since the accounting scandal of 2017. The Company used numerous subsidiaries to present earnings more positively. Since then, the furniture and household goods retailers' stock has crashed and a legal battle over the EUR 7 billion fraud has erupted. There is repeated speculation that a settlement could be reached. Since Steinhoff has its own investments and also earns money, such a step could be a liberating blow for the Company.

Most recently, the insurance companies gave the go-ahead to pay at least USD 93 million in damages. Although this is out of proportion to the billion-dollar sum in question, the cash could at least be an additional argument. If Steinhoff adds to this and, for example, throws shares in associated companies into the balance, the crippling legal dispute could get moving. In the last three months, the share has already gained around 100%. Hopes of a liberating blow are justified, but anything is possible when the judiciary and the stock market come together. Considering the fall height, the Steinhoff share is only something for hard-core gamblers.

GameStop: Who can trust the stock

When it comes to gambling, GameStop's stock is not to be missed. The retail chain for computer games, which seems to have fallen out of time even at second glance, exerts an attraction on the market for many private investors. The reason lies in the high short-selling ratio. Professional market participants, in particular, have recognized the Company's real value and are speculating on falling prices. Gamblers from Reddit forums oppose this and drive GameStop's share price up again and again. As a result, short sellers have to stock up and the share price rises steeply. In the last three months, this has happened three times. Currently, the share price is rising again.

Because of the previous history, it is a better choice to be long than short with GameStop - after all, the losses on long trades are limited to 100%, while they can theoretically be infinite on short sales. Practically, they end up in total loss with one's financial possibilities. Although the share is just picking up speed, inexperienced private investors, in particular, should keep their hands off GameStop. Only those who are used to volatile stocks with rapid swing trades can take hold here. However, the risk is exceptionally high.

SKRR Exploration: EUR 6.5 million market capitalization and gold in the ground

Another hot gamble, but less known and therefore lower risk, is the share of SKRR Exploration. The Company is valued at EUR 6.5 million on the stock exchange and explores for gold in the Canadian province of Saskatchewan. Most recently, they reported good drill results from a 2,981-meter drill program completed last fall. Highlights included 2.85 grams of gold per tonne over a distance of 1.12 meters within a previously unknown zone. Results also revealed gold occurrences near the surface, which may indicate easy mining.

While SKRR's plans are still at an early stage, the Company offers everything that gamblers could want - the only thing missing is the hype. However, given the stock's extremely low market capitalization and existence as a penny stock, just a rising gold price and more positive results from SKRR could cause the stock to be kissed awake. Although SKRR is not the talk of the town, the stock offers the chance to be in on the next hype, possibly right from the start. As recently as last fall, the stock was trading around 100% higher. If you have patience and like speculative stocks, you can take a closer look at SKRR Exploration.