GameStopLong
$GME - Finally, but...
Updated
I have 7 variations of these showing the same spike for GME and many other names in the market whilst only 1 other chart (the one i typically use to detect runs) shows that this is going back to 11-12.
imgur.com/a/SkA8dej
Based on the above screenshot being so nicely parabolic looking, i think we're looking at a price in the early or mid $20's for now. Will keep you updated if it looks like it's going higher.
GME looks good to buy as there's likely even more of a pump after this not only for GME but for many other names showing similar and even larger spikes (e.g ABSI and many others imgur.com/a/ltX1VUO)
Looks like i was a week early on trying to catch the initial spike of the run. I had
1K of calls expiring on the 24'th of Nov knowing that it could've easily skipped that week and gone for the next one as it has done many times before and ther we go... it did just that.
Anyway, GME's IV is extremely high ever since my last post, so i'm not touching it neither in terms of options nor in terms of shares. I've chosen to get burnt on SPY puts instead with a decent amount of theta this time.
I have positions in SPY, ABSI and a bunch of other stocks that i won't mention as ya'll will crowd up in them and kill em.
Decided i'll give you this one since i'm out of this one due to high IV, so i'm throwing this one to the dogs. RC gave a beautiful signal on his tweet signifying there would be a run so i guess the data is confirmation (Or the opposite)
Be careful of the upcoming COST earnings after SPY's dividends next week, if the retailer pumps, the sector stocks e.g GME and others will pump to and will vice versa. COST could be the reason we pump or we might pump before COST earnings and then dump on it's earnings.
imgur.com/a/SkA8dej
Based on the above screenshot being so nicely parabolic looking, i think we're looking at a price in the early or mid $20's for now. Will keep you updated if it looks like it's going higher.
GME looks good to buy as there's likely even more of a pump after this not only for GME but for many other names showing similar and even larger spikes (e.g ABSI and many others imgur.com/a/ltX1VUO)
Looks like i was a week early on trying to catch the initial spike of the run. I had
1K of calls expiring on the 24'th of Nov knowing that it could've easily skipped that week and gone for the next one as it has done many times before and ther we go... it did just that.Anyway, GME's IV is extremely high ever since my last post, so i'm not touching it neither in terms of options nor in terms of shares. I've chosen to get burnt on SPY puts instead with a decent amount of theta this time.
I have positions in SPY, ABSI and a bunch of other stocks that i won't mention as ya'll will crowd up in them and kill em.
Decided i'll give you this one since i'm out of this one due to high IV, so i'm throwing this one to the dogs. RC gave a beautiful signal on his tweet signifying there would be a run so i guess the data is confirmation (Or the opposite)
Be careful of the upcoming COST earnings after SPY's dividends next week, if the retailer pumps, the sector stocks e.g GME and others will pump to and will vice versa. COST could be the reason we pump or we might pump before COST earnings and then dump on it's earnings.
Note
1) So far we're still heading upwards overall.imgur.com/a/rLHsneN
2) According to this one, something could happen in approximately 2 weeks
imgur.com/a/LaXYEUp
3) According to other data i have there's a very small chance something happens tomorrow.
Overall it still looks good. I still have my SPY puts and no position in GME.
Note
Yesterday's data has shown a larger than normal slump in the uptrend.Now only 3 out of 9 charts are now showing an uptrend of some sort whilst the other 6 are showing a downtrend or slump of some sort.
Whilst i need one more day's worth of data to verify that we've entered a downtrend, on a personal note i'd say that any weakness in these charts = Weakness that almost always translates into price movement.
Based on these latest slumps i'm seeing, it's possible that before the slump in price, there might be a tiny hurrah (but nothing big) of 1-2 dollars max, then again there might be no hurrah at all.
Conclusion:
Tomorrow's data may confirm us having entered a downtrend in price. Lets see. If the overall current charts are correct, we're going to be seeing $10 within 4-12 weeks.
Will update you on this tomorrow.
imgur.com/a/D0pDFaz
Note
Most of the charts are showing a continuation of the uptrend as of yesterday.The charts that were previously bearish turned bullish yesterday.
And with that, i'm out, good luck. Last update.
Order cancelled
Order cancelled
Giga drop on GME's signal data. Some Russels also equally affected. I'd say the party will be over soon.
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