Naked Brand Group, Inc. (NAKD)

[JOHNNIEBG]

How come when the reddit boys pump a stock up for no apparent reason, everyone is cheering, but when it comes back down to NORMAL levels everyone is pissed off: go figure!!!

From motley crew posing yesterday:
Naked was essentially flat on Monday, but jumped 13% yesterday, and was adding another 8% onto its gains today. Being a penny stock trading below $1 per share, however, will make it more volatile than otherwise.

Now what:
Without an actual catalyst specific to their own businesses, expect all meme stock to bounce up and down considerably until something actually connects, especially those of the penny stock sort. Until then, treat it as background noise and stay focused on the fundamentals of the company.

Rich Duprey has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.