GME Breakout Day 10 - Final Test
Alright guys, confirmed amount of "normalized" voting shares released via the 8k is 55 million.
Is this the number of shares that actually voted or is outstanding?
NO. Gamestop cannot report a number higher then the issued share count.
Based on the number of mostly foreign brokers that blocked voting and brokers that allowed voting and advised only a fraction voted, we can guarantee that that number is significantly higher then the reported 55 million in the 8k.
And to be clear, Gamestop is told how many shares actually voted. I don't think they are allowed to ever directly release that information.
What does this mean?
Nothing has changed, the squeeze is still on.
Overview:
Here is the long range shot of where we stand. The After hours drop from 302 to 260 touched briefly the DEC 2020 straight line log trendline then bounced hard on 2.5 million AH volume.
260 was the price just 2 days ago.
I have a high degree of confidence that bullish trend is very much intact as this drop occurred after hours.
The only short term trend that was violated was the trend from June 7th which isn't a big deal.
Expecting pre-market 9/10/21 positive as long as the trend from DEC 2020 remains intact as well as continued increases in OBV.
Is this the number of shares that actually voted or is outstanding?
NO. Gamestop cannot report a number higher then the issued share count.
Based on the number of mostly foreign brokers that blocked voting and brokers that allowed voting and advised only a fraction voted, we can guarantee that that number is significantly higher then the reported 55 million in the 8k.
And to be clear, Gamestop is told how many shares actually voted. I don't think they are allowed to ever directly release that information.
What does this mean?
Nothing has changed, the squeeze is still on.
Overview:
Here is the long range shot of where we stand. The After hours drop from 302 to 260 touched briefly the DEC 2020 straight line log trendline then bounced hard on 2.5 million AH volume.
260 was the price just 2 days ago.
I have a high degree of confidence that bullish trend is very much intact as this drop occurred after hours.
The only short term trend that was violated was the trend from June 7th which isn't a big deal.
Expecting pre-market 9/10/21 positive as long as the trend from DEC 2020 remains intact as well as continued increases in OBV.
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