This here forecasts that VGFC will drop another 44% in the next 3 months --
https://stockinvest.us/stock/VGFC
Not sure if I would invest in that given that they're into plant-based meat substitutes (more soy-boys?). Of course, they could really take off if they start using bugs (per Klaus Schwab) ... except they're allegedly vegan, so I think ze bugz would be out also.
Also, I don't believe that day-trading is particularly moral. You make money for doing nothing, by basically gambling. You make money; someone else loses money. None of the money is based on anything productive ... like the long-abandoned traditional notion of a stock (where the stock is actually an investment in the company and represents an actual share of the company).
I've never heard of the Church condemning the stocks and commodities markets which have been around for a few hundred years at least. The stock market has morphed into a commodities-like market. I'm not trying to excuse rampant greed in the markets but ideally the day traders (or speculators) provide a valuable service. They make the entire market more liquid and easier for everyone to buy and sell. In the worst-case scenario every transaction would need to be negotiated. But having speculators and market-makers involved makes it possible for buyers and sellers to simply purchase at the going market rate without negotiating anything. There are many perfectly moral scenarios. e.g. a soybean farmer can purchase futures contracts to sell his soybeans at a certain price. No matter what happens to the price of soybeans he is locked into the price he specified when he bought the contracts because any loss on the futures contract is offset by the gain on the actual product (soybeans) and vice versa. This reduces risk and increases predictability. The businessman is effectively offloading risk onto speculators who apparently (should be) better equipped to carry that risk. That is a valuable tool to a businessman. Speculators make it possible for the markets to operate smoothly.
https://www.investopedia.com/articles/active-trading/022415/how-use-commodity-futures-hedge.asp https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/speculation/Obviously, just like anything else, the markets can be abused by greedy people. That's immoral. And there is a line between immoral irresponsible gambling in stocks/commodities and reasonable speculation about the future direction of prices. There are people who work in the markets (the successful ones) who know how to avoid getting into a gambling mindset and who are able to make reasonable speculations about where the price of things is headed in the near future. Ideally, their income comes from producers (e.g. farmers, oil companies, etc) who are willing to pay a price to lock in a certain price for their product. As for the stock market, imagine how expensive it would be to raise cash from investors if every sale had to be negotiated privately. Speculators make it possible for companies to raise cash easily and relatively inexpensively through the stock markets. Unfortunately, some fools have gone bankrupt because they are incompetent. And some people have been ripped off by con-artists like Bernie Madoff. But those kinds of abuses don't make the entire markets immoral.