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$GME - Launch attempt #2Hi y'all, As always i'm not a financial advisor, this is not financial advice, i'm really just an ape and this is tea leaf reading. DFV DFV has twote/tweeted whatever you wanna call it and has indicated on the 6'th of April nine GME symbols hidden in his tweet. The next day on April the 7'th he posted the Heyaaa guy with a inserted number eight on the drumset. He's counting down to something. His 500 contracts expire on the 16'th and that's exactly where the countdown leads. Incidentally all major banks have earnings next week starting from the 13'th through the 15'th. I believe this is the fiscal quarter earnings for them and if they've been really involved in heavy GME shorting, losses should be appearing in their earnings/balance sheets. Considering how stupidly high banks are trading right now, though not completely in the overbought area, are in my opinion bound for a huge correction on these earnings calls next week. GME must have absolutely ruined them this quarter. If it hasn't, then maybe they kicked the can of beans to the next quarter and we'll see then. If they do report horrific earnings as i hope they will, this should be the catalyst to the Market sell off and SPY finally coming back down from it's dizzying nonsensical $408 price... Last time prices went this parabolic was during the softbank incident last year then they sold off their bets and killed everything. I recon the same will happen this year either in the next 2 weeks or after the June 10 voteholder/chairman meeting thing for GME. I have bets in place FOR GME and against JPM, C, WFC and BAC for the impending market crash. There's the idea that GME will crash the market. Yes. Overly leveraged banks being short and naked short on GME will report losses next week unless they managed to hide them under the rug somehow. Once they do, investors sell off their bank shares, prices plummet, everything goes to poop, company market cap drops dramatically, they are suddenly over-leveraged and get margin called and the sell offs begin with their longs getting liquidated first in order to cover their shorts on GME and other stocks indiscriminately and at full force. The fallout occurs and the recovery is swift due to the new DTCC rulings and the market goes back to "Normal" except the swamp has been mostly cleaned and a lot of hedge funds have defaulted, Citadel has defaulted and been absorbed by Blackrock, rare lifetime chance to buy into a clean market undiluted with muck and actually become a long term investor... in GME! Good luck apes. My bets are big and heavy on GME 91% portfolio and 9% vs the banks.
NYSE:GMELong
by leenixusu
7
short term [CONSOLIDATION] || mid term [BULLISH]TECHNICALS Currently consolidating Volume falling, so looking for a trend reversal soon Stochastic + MACD indicators showing BULLISH ready almost Cup and handle pattern forming/formed FUNDAMENTALS Right now for me is neither a buy nor sell moment. It's a firm HOLD while things move sideways and we see what is what on Friday. They've expanded the GME team with additional Amazon + Google people, but that hasn't made a dent in movement just yet. Sales have increased by 11% in the first 9 weeks of 2021. GME also want to use their current evaluation as a leverage to sell off 3.5 million new shares (value of $1 billion). While this seems a lot, my understanding is this isn't going to affect current movement. Lowest volume since mid-january (which usually is an indicator for big moves, and the way the charts look, that big move is to the upside). Could be looking at a gamma squeeze (not THE squeeze still) this month that boosts beyond January's top of $483. With current developments, we could see Ryan Cohen - AKA Mr Chewy billionaire - become CEO. This would be a catalyst for skyrocket moves. We still don't really know the truth behind how shorted this stock is. It could be anywhere between 20% and 900%. What we do believe - as a general concensus - is the stock is definitely over shorted, and the squeeze is still a'coming... timeframe? No idea. Could be a long time based on how much GME consolidated before the January squeeze. But wont the market crashing also crash GME? No. Other securities are likely being used as collateral on leveraged GME positions. As the market melts down and those securities lose value, the GME positions will command further collateral. As the collateral requirements continue upwards, margin calls will begin going out. When that happens, GME is bought at market prices by the lender to close out the untenable positions, meaning 🚀 for us and while all the other positions used to lever GME are liquidated and continue their meltdown.
NYSE:GMELong
by ashyboywonder
Short sell when others are fearfulI posted an idea on GME yesterday where I did not even mention the price going down, I was very neutral and did not give reasons for the price going down 90%. Still some bagholders that bought at the top got angry and started insulting me, maybe they think they can cyber bully me into silence? Lol. Oh boy, here we go. How I wish I could buy a put on GME here from Europe. But I can't, what I can do though is paper trade. If I could I'd buy a put expiring DEC 2021 with a strike price of 100. The Gamestop story is similar to the Blockbuster story, it's always the same story all over again, history repeats itself but this time it's REALLY the same story, to the details. Their model just is not working. And if they were going to magically change they would have gone it long ago. I am not saying a hobo has better odds that GME management, don't worry about them I'm sure they can bounce back if they want to, with another project. Simpliest solution is to use the US government+FED trick: - Sell some shares, use all the money from the sales to keep the business running - Keep your entire salary and company profits in your pocket - Start talking to people are you ==> "Monetize" the shares to have a starting capital for a new business and use the people you know and trust and can rely on to be part of it You can compare GME to Bitcoin & Tesla, that went way up, but not before going way down: I would buy a put and target $10, I would not sell it before the price drops below 100 in any case. I could add to it on the way down, give it another kick while it's down. Once the price gets to 10 bucks thought I'm not sure it's worth it. Or maybe it goes like HMNY & BLIA & SEARS & LHHM (kek) & ENE & RSH & TOY (Toys R Us) & Remington Arms Company, LLC (after 200 years damn) & Vanity (private) & MCDIF & SSI (Stage Stores, Gordmans) & Southeastern Grocers & SNH (I bought at 9 cents or so because I think bigger fools will buy btw :p nah honestly they still have over 100k employees and billions in revenues...but the price did go down 100%) & CHUC & WM/WAMU (the comeback! oh wait no haha) & Worldcom (funny one) & INTE & JCP & PCG & Chrysler LLC/Chrysler Group LLC/FCA US LLC/bought by the dutch & HTZ & (Chuck E Cheese) & Diesel & BONT & Claire’s (bought by vultures at Elliott mngmt the guys that tried to seize a warhip from Argentina trust me it's not to save the business) & 24 Hour Fitness & PYX (a "new era of hemp products you just don't get it") & XL & RIDE & SUNE & DRYS (congratulations to those that bought at 2000 and held but to be fair those that bought "cheap" at 20 and held also lost everything) & MNKD & VRX (awww ticker is gone from tradingview good thing I saved some screenshots) & CXRXF & GEVO & PVCT & GBSN & MGTI & EBIO & ANY & NWBO & What was that company where trading was halted and held at zero? & LINE & SDRL (Well I guess the gap got filled - 100% good job fomo buyer & diamond hands This chart wow 🤣) & INSY & ANTH & NSE:DHFL & NSE:JPPOWER & PC Jeweller (very famous Indian scam) & Monsanto & Mory Group (thousands of lost jobs, 6 years later 1500 workers sue the company that bought the bag) & LSE: TCG. If you want to find a dead company in the US you scan bagholding forums, if you want to find one in France & around you look for "lost jobs" & Lufthansa & GLE (I worked for them - not as a trader. Their management said blockchain was the guarenteed future. Does it feel good watching others fail? Yes ^^) & URW (France) & DELGIA (Belgian stock up 250% in 2 days then went to zero) & Every single stock that is ever trending on stocktwits that I didn't already mention & Many many many more & GME soon I doubt any GME bagholder will come explain to me why these companies, 1 by 1, are different from GME :) I am sure for 1000 shares that went to zero there is 1 or 2 that survived. GME price is higher today than when it was making money. Surviving would mean staying around $20. Or less, entirely new business from ground up as I said. Not everyone is a casino gambler, some people even despise gambling with a passion (🙋‍♂️). Some people actually buy companies based on their fair value, and these people tend to have a lot of money. And other people buy & sell for all sort of reason, for example if an employee gets a few dozen shares as bonus, and he thinks the price is very high, he is mor elikely to sell. Linear chart: Log chart: Ending words I have been trying to look more at stocks, expand the number of instruments I trade rather than look for mediocre setups in my comfort zone, and how much frustration and regret I am getting not being able to short GME... But nothing I can do about it. GME is a pump and dump. It's going to zero. This is my paper trade.
NYSE:GMEShort
by MrRenev
13
$GME - Poised For Another Squeeze Towards $324Looking at the 30 minute chart, we can see that $GME is forming an inverse head and shoulders pattern. However please note that prices are yet to break above the confirmation line which is right around the 220.00 area. An important factor to note here is that the right shoulder is forming above the 5DMA and the slope of the MA is positive. I therefore expect prices to find support at the 5DMA and continue higher and retest the confirmation line and complete the right shoulder. Thereafter is about breaking above it and I expect a strong burst in volume if prices do so. A good way to confirm a valid break is to wait for prices to close above the confirmation line before getting in. A pattern failure will happen if prices close below the low of the right shoulder which is around the 160.00 area and thus becomes a good level to place a mental stop loss at. Provided prices confirm the pattern, I expect prices to retest the highs of 324.00
CAPITALCOM:GMELong
by Globalmarketssk
Another 100% increase for the GameStop Stock?Hello everyone, while i was going though my previous analysis, i've made a very interesting discovery on the GMEUSD Chart. We are looking at the previous month on the 15m chart with a momentum indicator (MACD), Moving Averages (50 & 100), Volume and the relative strength index (RSI). Every price tends to move in patterns, even if the market behaves irrationally (like in this case). We see heavy spikes and high volatility in between the trading session - nontheless we can see an uptrend playing out. Please keep in mind that this stock was worth ~$5 during 2020. The current price level is supported by media coverage, reddit and many other "retail investor" plattforms. From a technical point of view, the price is currently moving above the Moving Averages with a Golden Cross playing out. The last time we saw this scenario was one month ago. Please have a look at the similiarities in the price action. Buyers and sellers are pushing the price within a symmetrical triangle (lower highs, higher lows). The accumulation previously took an end at the end of the month and on a friday. We finally saw the price breaking out of this patterns on a monday, with the price opening ~$15 above the closing price on friday. That's where buyers join the market and the volume is increasing. We saw the price peaking at ~$350, followed by the sideways movement we are currently in. While the price is moving below the resistance, we can see another accumulation happening with exactly the same patterns as in march. According to my trading idea, we will see an open price above the ~$190 level at the beginning of the upcoming trading week. I will definitely have an eye on this. Please let me know what you think about this idea and feel free to check out my previous GME analysis below
NYSE:GMELong
by Anton_XBT
9
Gamestop, is a New rally coming?Gamestop has been at the center of attention for months now. The company that seemed on the verge of bankruptcy has recovered strongly, with prices going from $15 to $400 in just a few months. Now we are only at $180, but is the stock still interesting? The company that, as you probably know, sells videogames is rapidly digitalizing, starting a transition that involves closing many brick and mortar retail stores, to focus on online sales. Even if the videogames physical sector is in a crisis, with consumers who are now downloading videogames from the internet, we remember that the demand for consoles is on the rise and sets new records every month. Let’s keep in mind that Gamestop is the leader in console sales. Current prices are a bit high to buy right now, but there may soon be an opportunity at a certain price level. I'll trade GME, as usual, with my platform which allows my operate with a 10% initial margin. This means that if i want to buy $10.000 worth of GME shares i can do it investing only $1.000. For more information on how to follow me, click on the links below.
NYSE:GMELong
by UnknownUnicorn8050589
6
The Technicals Behind GameStop #4In this idea we are looking at the price of the GameStop stock. Just like in the previous trading ideas, we are going to focus on momentum and breakouts (because that's what we are looking for). It's pretty hard to apply technicals on this stock because we are moving along with emotions and irrationality. Nontheless, we can see the price moving above the MA50 & MA200 with an upcoming Golden Cross. The last time we saw a Golden Cross appearing on the 15m chart was before the previous breakout at the end of february. I'm expecting a similar reaction from the buyers within the next days. We can also see a Divergence which basically tells us that the buyers were present at the market while the price was moving down. This is a great indication of who is "stronger" and will actually takeover the trend. Let's see what happens here. A possible scenario from my side: Entry: 180.00 Stop Loss: 140.00 Take Profit: 280.00 Cheers, Ares _ Disclaimer: I am not a financial advisor. Everything I share in this channel is how i trade personally. This is a simplistic approach to educate you in using technical analysis on financial markets.
NYSE:GMELong
by Anton_XBT
3
$GME - $540 in the next couple of months maybe, then back down.Hi Ya'll, I'm not a financial advisor, nor is this financial advice. I'm just an ape that likes to munch on crayons. Technican Analysis Woke up at 18:00PM after 14 hours of glorious sleep and a Friday day off work and took a look at the GME chart and decided it's time for some fresh crayon drawings. A fresh theory based on all the knowledge i have on GME based on my daily readings in /r/GME for the past 3 months where i've obsessively read everything... I have a hypothesis and i don't like it because it happens to be the same as the one of a redditor i dislike for no good reason. Regardless i think there's an above average chance that this hypothesis could be exactly how GME's next 4 months play out... The new crayondrawings indicate that it's possible we're doing one of those arcs all the way up to $540 ish and this will play out over the next couple of weeks. This would make what's going on now the start of arc #2. I believe that there could be a total of 3 arcs before the Moass. To be clear, i've come up with this hypothesis myself, but realized that someone else (in fact 2 people) might have the exact same hypothesis as mine... (or vice versa lol). I believe after we reach the $540 area, in a few weeks that we'll start declining all the way back to $150-$200 again. Yes there is more of this type of business to come and you're going to need to be strong for longer... So, after we reach tis $150-$200 area, we're likely to accumulate a bit and then go for Arc #3 and END sometime late May or the start of June. In June there's all kinds of weird events happening like the Russel Index reconstitutions and the possibility of GME joining the Russel 1000 Index. This is the bigger brother of the Russel 2000 index that GME is already part of. Heck GME can even join the S&P 500 but i have huuuge doubts that will happen. My bet is on them joining the Russel 1000 and this join will be final on the 28'th of June and we'll all know at least 1-2 weeks before that. Also in June there's the next earnings event for Gamestop and the shareholder meeting where Ryan Cohen might become CEO. I believe that within June, there will be no #4'th arc but a MOASS. To recap: To make all of this more digestable... Arc # Feb - March Arc #2 March - April Arc #3 April - June start Upon the completion of the 3'rd arc, this is in my predicting abilities where the MOASS starts to happen. Why? Because again, in June, GME will in my opinion announce a forward split, Ryan will become CEO and kick out all the old blood from the company and GME will then join the Russel 1000. I DONT believe that GME will give out a dividend. I believe they are going the TESLA way where they do a forward split and increase the shorts liabilities making them bleed more thus forcing a big scary (for the shorts) MOASS. Lots of pants are to be discarded on that day due to soiling. At the completion of that final event of GME joining the Russel 1000, that will be the nail in the coffin as it will likely also be the date where the stock split takes effect. GME execs likely already know all of this and are being silent. Why do i think we're going to have arcs? Where do those even fit in? Well, keep in mind that the likes of XRT and IWM (Russel 2000) have paid out a dividend in the past week or two with at least one of those having rebalanced. This means that we've had a lot of shares dumped/sold due to ETF redemptions and from people who were holding XRT and Russel 2000 IWM to get those dividends. Once they got paid their dividends, they sold those shares. Combine this with the XRT rebalance where they also shed some shares thus causing more of a price dip... yeah i think this is why we've been dropping for the past weeks now. But now, we're onto a new bullish run for the IWM Russel 2000 and generally the market... that is unless the hedgies really think they can go AGAINST the market. I don't believe they are this stupid and that they can no longer short the Russel and that their only options are to continue shorting via XRT & co. Due to that the Russel 2000 e.g 'market' will be on a bull run starting now, we're only going to be going up and up and up until $540 where investors start cycling into other things and the Russel starts to tumble down again in an arc-like manner. The hedgies will help this downwards arc to happen thanks to their next batch of IWM shorting in some months from now once IWM is back at the peak of it's bullish run. Basically they have around 3 months to shake GME holders off until the inevitable happens and i bet ya even they don't know that a split e.g a liability multiplier is coming to them. This is basically a draw x 4 card for hedge funds that will make the NSCC / DTCC margin call every hedge fund instantly. Even if GME's price is sub $100, the shorts that were never closed at sub $20 dollar prices are going to sting... so... no matter how low we drop, i'm pretty sure it's worth holding GME...
NYSE:GMELong
by leenixusu
3
Gann Fann Appreciation Post, plus a word on CharityI just started messing around with this little tool in the last month or so, and it's really interesting what it shows. Kind of incredible, really. There's an amazing amount of shadiness happening in the background with $gme, so predicting price action in the short term is going to be difficult. All I can say is that this isn't going to be comfortable for individuals or institutions with over-leveraged short positions. How long it might take is hard to say, but this is going to be historic one way or the other. For all apes hodling with diamond hands, I'm really impressed with you all. You're really doing an amazing thing and your fortitude commands a lot of respect. I love that you're adopting gorillas, buying game consoles for kids in hospitals, and all the other good things I see you doing. If I have the good fortune to realize the returns we seem to have coming to us, I'm going to donate to three charities. If you are looking for good ones to give to you might consider these: innocenceproject.org : This is an organization of attorneys pushing for wrongly convicted people to have their cases reviewed and get them released. It's an expensive undertaking, and they need help. Fight Malaria through www.givewell.org : The cost of saving a human life has been discovered. You can do it, too. Nowhere near as expensive as you'd think. For more info, this article is pretty good medium.com www.stjude.org : This one is pretty famous, but their work is crucially important for research into the prevention and treatment of pediatric cancers. Hats off to you, apes. Hold the line. We go moon.
NYSE:GMELong
by Incogniteaux
$GME - Bullishness UpdateHi Ya'll Gonna keep this one short (this pun though...) Multiple patterns and indications that GME is way too oversold and that the pressure is not coming from inside GME itself but from externals like ETFs containing GME like the IWF or GAMR or XRT as well as SWAPS and other trickery. Everyone is shorting GME more and more... i think they are going on the 'official' short interest numbers being posted by the likes of S3 and others and they're forgetting that those numbers are self reported with tiny reprecussions to naked shorters... Reminder that 250% and likely more of GME's float has been bought. Hedge funds aren't interested in covering their shorts, only increasing them and kicking the can on failures to deliver on shares down the road. About this technical analysis: The OBV On Balance Volume indicator shows that no one is actually selling GME and that if anything, more people are buying. This also indicates that GME's price is dropping due to external factors e.g shorting ETFs (IWM, XRT and others). There's a decently sized bullish wedge almost ending, as expected, hedge funds want to milk this as much as possible and will settle with nothing less other than GME at the ABSOLUTE bottom of the range of this bullish wedge. I have doubts they can drop it below the range of the bullish wedge, but i don't put it past them. Regardless, now would be the absolute worst time to sell if you were thinking of paperhanding but it the absolute best time to buy in my opinion. (If you haven't yolo'd everything in GME already lol) RSI basically showing that GME is oversold e.g it's time for it to reverse upwards. Is it going to rocket up? No one knows. Maybe. Or maybe it'll just go up a bit. Again no one knows. I recon it's gonna rocket, but that's just my dumbass opinion based on nothing. The facts are that RSI says it is indeed oversold, so there. There's some common historic support between GME and the ETF that tracks it (IWM) the Russel 2000. We're exactly at that support right now. This is where we either consolidate for a week before launch or this is where we simply just reverse upwards. There's always the small chance of breaking slightly below this range, but as with all fake breakouts downwards to shake more weak hands, it'll be a fake shakeout that won't last long and is more likely to be a dip buy. I would say that whoever is shorting this so much is putting the financial system at risk, but i know better lol. There's definitely enough money out there for them to fix this infinite short squeeze when it happens and when multiple brokers and clearing houses start defaulting once this pops off. Several tens of thousands can be paid easily, i cannot speak for anything beyond that, but theoretically, it can go to infinity, but nobody truly knows where this can go. My personal bet is anywhere between 12k - 100k +. Again theoretically with the amount of shares they shorted and the amount of times they need to buy the entire float over ( anywhere between 4 and 12 times over), the price of this can go very very very very very very very high. As usual and as with all volatile stocks, GME will swing wildly UP and DOWN. If you can't handle her at her worst, you don't deserve her at her best. If you're in for a quick buck, get out before you get burned. If you're here to get your character hardened and to make money, welcome fellow ape.
NYSE:GMELong
by leenixusu
9