GME Breakout Day 10 - Throttle Up Flight Check
Updated
Tomorrow is the the shareholder meeting
Further tomorrow is 10 trading days from the initial spike from 180 to 210+ from May 25th
The previous spikes were>
January 13th we had the spike to 25 dollars~, then 10 trading days later we had the spike from 150 to 483
February 24th we had the spike from 38 to 80 dollars, then 10 trading days later we had the spike from 250~ to 351.
June 9th is 10 trading days after May 25th.
We have a much higher starting base, 180 as opposed to 6 dollars in January and 38 dollars in February.
This means massive installed retail base, much of it is willing to hold to high amounts.
Today was also the highest LOW ever for GME. the lowest recorded was 281 today. Even in January the swings were massive but the lows were lower than today.
3rd highest close ever, the only other 2 days were in January.
I sit here trying to not confirm my bias too much but with the amount of tested unfilled gap ups in the last 10 days I think we will be in uncharted territory soon.
Good luck, and hang in there.
Further tomorrow is 10 trading days from the initial spike from 180 to 210+ from May 25th
The previous spikes were>
January 13th we had the spike to 25 dollars~, then 10 trading days later we had the spike from 150 to 483
February 24th we had the spike from 38 to 80 dollars, then 10 trading days later we had the spike from 250~ to 351.
June 9th is 10 trading days after May 25th.
We have a much higher starting base, 180 as opposed to 6 dollars in January and 38 dollars in February.
This means massive installed retail base, much of it is willing to hold to high amounts.
Today was also the highest LOW ever for GME. the lowest recorded was 281 today. Even in January the swings were massive but the lows were lower than today.
3rd highest close ever, the only other 2 days were in January.
I sit here trying to not confirm my bias too much but with the amount of tested unfilled gap ups in the last 10 days I think we will be in uncharted territory soon.
Good luck, and hang in there.
Note
"There are present at this meeting in person or by proxy more than the majority of all shares that are entitled to cast votes"Note
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.
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