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$GME CFO is resigning, effective next month.GameStop’s Board Pushed CFO Out to Speed Up Strategic Shift GameStop said Chief Financial Officer Jim Bell is resigning, effective next month. The board and management pushed Bell out to make way for a new finance chief who shares their vision of transforming GameStop from a brick-and-mortar retailer into an e-commerce company, according to a person with knowledge of the situation who asked not to be identified. Bell didn’t respond to a request for comment. An executive search firm has been engaged to find a finance chief with “the capabilities and qualifications to help accelerate GameStop’s transformation,” the company said Tuesday. The Grapevine, Texas-based retailer is undertaking a strategic review, largely the result of pressure from board member Ryan Cohen, who bought about 13% of the shares and became the company’s largest individual investor. The former head of pet-supply provider Chewy has pushed GameStop to become a more direct competitor to Amazon.com Inc. He won three seats on the company’s board earlier this year. “Mr. Bell’s resignation was not because of any disagreement with the company on any matter relating to the company’s operations, policies or practices, including accounting principles and practices,” the company said in a filing. The company declined to comment.
NYSE:GME
by AlenCiken
2
GME Back To NormalI wasn't going to get involved, but I'm only seeing naysayers to Gamestop at this absolute steal of a price. I personally had a Gamestop Rewards membership, played Kongregate all the time, and shopped there semi regularly prior to even really knowing about finances. I can't express how much I enjoy gamestop as a company, from a consumer standpoint. From a trader standpoint, I can't help but notice the very natural climb up to where it was just prior to that explosion and how it has steadied out for the most part on the other side. MACD looks to have recovered and RSI is fairly low. I think it's ready to continue that more natural climb. From my estimation, I think $250 is a fair value for this company for a lot of reasons. A lot of people I hear that are holding bought in that range, I think with only 69M shares a 17b market cap is nothing for a mogul like this, the new management is a power team just to name a few. Let alone being broadcast from Congress tomorrow. To the brass tax: 172 @ 50.23 If some kind of crazy thing happens tomorrow or in the next few days I'll take whatever crazy price is offered. I'm looking for 250 as a long term investment, maybe within 1.5-2 years. I've already marked it off as a loss otherwise.
NYSE:GMELong
by LemonKing
GME H&S next target 5$Hello. We all know GME has no future and is an obsolete company that did not make the jump to modernization of the current technological era of Gaming and business. The big rise was credited merely to the manipulation of stocks and triggering the closure of Shorts from the Hedge Funds. But now that it all has settled, the real value is about to return to it's 5$ mark. Looking TA-Wise we have a big Head and Shoulders pattern. Going by that type of trading on log-chart it's bottom is to be found at the 5$ support. Wish you all luck trading! :)
NYSE:GMEShort
by TradingandNews
13
GameStop The bears are winning the fightThe GameStop company, a chain of video game and merchandising stores, has been in the news for a few days due to the spectacular rise that its shares have experienced on the stock market. But what happened? 1.- After the rise in GameStop shares are individual investors grouped in the WallStreetBets forum of Reddit 2.- Large investors were shorting GameStop and decided to take advantage of it to buy shares in the company. By investing in these stocks, the price started to rise very quickly. 3.- Began to buy back the shares they had sold to minimize losses, but that only caused the price to rise further. This is known as a short squeeze. 4.- As of today, February 5, 2021, the stock price has dropped. This has caused people who bought shares at the highest point of their value to lose a significant part of their investment due to the drop in price. If they like me, reward me with a like or coins tradingview
NYSE:GME
by Daniel_Romero
19
A Boomer's Guide To WSB's LingoI’m Markus Heitkoetter and I’ve been an active trader for over 20 years. I often see people who start trading and expect their accounts to explode, based on promises and hype they see in ads and e-mails. They start trading and realize it doesn’t work this way. The purpose of these articles is to show you the trading strategies and tools that I personally use to trade my own account so that you can grow your own account systematically. Real money…real trades. WallStreetBets Lingo I wanted to do a special episode today that’s for us, the older people. The Boomers, The Gen X, & well, basically everybody above 40. See, it has been such a crazy week. There has been insane volatility and volume on stocks like GME , AMC , BB , and then recently Silver. Most of it has been in the hands of the WallStreetBets crowd, and it’s really easy to get overwhelmed with what exactly these folks are saying on the WallStreetBets forum. I mean, they’re using terms like “tendies,” “YOLO,” and “boomers.” So today I want to help you and me to cut through the noise and define some of the terms that you might be seeing on WallStreetBets if you’ve been going to this forum. GME & WallStreet Bets Recap Now, before I do this, let’s take a minute to recap what’s been going on. You see, WallStreetBets is a popular forum on Reddit with millions of followers. At the time of this writing, they have now about 8.2 million followers. That’s up from around 2 million at the beginning of the week. They decided to go after hedge funds, especially short-sellers, and chose a few heavily shorted stocks as targets and drove prices up. Now, ultimately, these short-sellers are the ones who are mocking the small account traders, had to close their positions at a massive, massive loss. Now the most famous being talked about is (GME) which is GameStop. Wow! It went from around $40 all the way up to $418, but then the stock went down, mainly because of the extreme limitations that online brokers put on the stock. Robinhood, for example, was only allowing traders to buy 20 shares of (GME). I mean, come on, that’s a joke. WallStreetBets Lingo Now back to why I’m writing this article. You might have been peeking into the WallStreetBets forum to see what’s going on, and you may have been confused by all the terms they’re using. This is why I want to show you the ten most common terms that you’ll see on this forum, and I’ll explain to you what they mean. 1. STONKS Now, “stonks” started as a meme a few years back and was used in reaction to what others thought were bad trading stock choices. Now on WallStreetBets, it is used as a more general term for stocks that they might be trading. 2. NEWBIE The term “newbie” is an easy one, and it refers to a rookie trader who is new to trading. 3. BOOMER Now, we are talking again about boomers and a “boomer” is what the WallStreetBets crowd used to describe an older person. Somebody actually called me a boomer. I thought that being 51 years old made me apart of Gen X, but I guess boomer has become more of a generic term for anyone over 40 or so, at least in the WallStreetBets forums. 4. BAGHOLDER Now, another popular term being thrown around is “bagholder.” What are bagholders here? Bagholders are traders who have taken a heavy loss in a stock. In other words, they’re left holding the bag. In the WSB's forum somebody said, “Glad I found a WSB, I like the stock, and all of you guys and I don’t mind being the bagholder now or in the end.” This is a person was suffering a pretty massive loss, and this is what would be referred to as a “bagholder.” 5. TENDIES You may have also seen “tendies” being used quite a bit, and tendies refer to the profits a trader makes off a stock. Traders like to use that chicken or drumstick emoji when they’re talking about tendies. There was an awesome individual, on the forum who posted that they were using some of their GME tendies to buy Nintendo switches from GameStop and then donated them to a children’s hospital, which I think is amazing. 6. YOLO One that you may have already heard is “YOLO,” and it’s an acronym for You Only Live Once. Someone in the forum said, “Just YOLO’d 330k dollars to keep this party going to the moon.” We’ll talk about “to the moon” here in a moment. I’ve also seen it used like, “Hey, I just wired it, I yolo’d it.” You only live once, right? 7. DIAMOND HANDS Number 7 on this list is “Diamond Hands.” When somebody mentions diamond hands, it means that they’re holding their position no matter what. Even when they are suffering through some massive drawdowns, so the diamond and the hand emojis are also used in reference for diamond hands. One of the most famous diamond hands on WallStreetBets, is someone who posted a $5,000,000 loss, but overall, he still nicely up. But, hey, look, that is a big loss. This is where you need diamond hands, right? 8. PAPER HANDS So now, on the other hand, and this is where we go to term number eight, which is the term “paper hands.” So what are paper hands? It’s the opposite of diamond hands, meaning if someone has paper hands, they’re nervous, and they sell their position instead of holding it. So these are the people who are selling GameStop right now. All right. 9. APES So now, on the other hand, and this is where we go to term number eight, which is the term “paper hands.” So what are paper hands? It’s the opposite of diamond hands, meaning if someone has paper hands, they’re nervous, and they sell their position instead of holding it. So these are the people who are selling GameStop right now. All right. 9. APES So you’ll see things like “apes stay strong” or also sometimes you’ll see “I’m happy that I’m with you degenerates” because this is what they are referring to themselves in this community. So it basically means that this is a community, and they’re in this together. 10. TO THE MOON Now, the last one here is “to the moon.” that already mentioned. So to the moon is their profit target, right? “Volume is low. Don’t believe the news. GME is going to the moon.” and this profit target is fairly wide open. For GME at some point, the target was defined at a thousand. This is a very, very high-profit target, which seems to be “the moon” they’re referring to, and traders are also using the Rocketship emoji to reference to the moon. So these are the top 10. Summary Me personally, I am staying away from these crazy stocks, or stonks, right? They’re fun to watch, but I personally prefer SRC profits. So what does this mean? It means profits that are Systematic, Repeatable, and Consistent. I know sounds super boring, but you see, it works very well for me. I’m getting too old for the YOLO mentality, you only live once. And you see, just yesterday I wired my January profits from my trading account into my checking account. It was a little bit over $21,000. Boring? Yes, but it pays the bills, right?
NYSE:GMEEducation
by rockwelltrading
9
GME possible targets, 95% reached Wave 2Hi everyone, this retracement has been hard but in reality Wave had already retraced 95% of W1. Here a some potential minimum targets for the next impulsive. 161.8% : 216.20$ 261.8% : 259.75$ 361.8% : 374.58$ Minimum possible target for W5 will be IMO around 322.34$ Which you the best everyone, it's always easier to climb a mountain with the wind on your back ! *The material in this post has no regard to the specific investment objectives, financial situation or particular needs of any viewer. This post is presented solely for informational and entertainment purposes and is not to be construed as a recommendation, solicitation or an offer to buy or sell / long or short any securities, commodities, cryptocurrencies or any related financial instruments. Nor should any of its content be taken as investment advice. Crypto Kirby is not a financial advisor. The views expressed in this video are completely speculative opinions and do not guarantee any specific result or profit. Trading and investing is extremely high risk and can result in the loss of all of your capital. Any opinions expressed in this post are subject to change without notice. Crypto_Mercy is not under any obligation to update or keep current the information contained herein. Crypto_Mercy may have an interest in the securities, commodities, cryptocurrencies and/or derivatives of any entities referred to in this material. Crypto_Mercy accepts no liability whatsoever for any loss or damage of any kind arising out of the use of all or any part of this material. Crypto_Mercy recommends that you consult with a licensed and qualified professional before making any investment or trading decisions.
NYSE:GMELong
by Crypto_Mercy
2
GME under siege by a "short ladder attack".I SUPPORT THE WSB CAUSE, BUT this will end badly. Can you not see the amount of BS being posted on the WSB subreddit? People who have no experience trading (and admit it) are being upvoted to top comment. This is like the sheep leading the sheep, the same way the bitcoin subreddit was at 20k, all the while miners were dumping on their faces. (Source: CQ data) Retail traders have weak hands. Smart money uses retail traders to exit their position at current prices. Retail sells the bottom and buys the tops. This never changes. On the GME reddit you see traders bragging about their 200s entry price, their 300s entry price. Reminder that each time people buy something it creates a potential seller. Lots of buying into an ask wall and price dumps = traders get stopped out, they get margin called, their options become worthless, etc. It always ends badly. Retail traders do not have infinite money. GME down = hands get weaker. Short term I think there is a bounce but price will be unable to get past 415. If you are long GME, make your own choices but gamble responsibly. FEEL FREE TO ARGUE WITH ME IN THE COMMENTS but keep things respectful.
NYSE:GMEShort
by HD1184K
15
WE LIKE THE STOCK (GME END GAME)Okay, on a more serious note, if you have made life changing money from holding on to GME, for the love of god please take some profits. Pay your bills, mortgage, help out your family or someone in need. I am saying, nobody really knows where the top can be, or if the squeeze is even completed. For all we know Melvin/Citadel already drove the price into sub $100 range closed their positions. You've already done well, you've held and gave wall street the middle finger. Don't let them fuck you again by letting huge amounts of money go down the drain. This TA is simply based on fibs and EW, and is a total crap shoot. I'll pat myself on the back if it actually plays out :D
NYSE:GMELong
by chillingeffects
2
How to profit from the next WallstreetBets Gamma SqueezePraise Wallstreetbets How to profit from the next gamma squeeze? Diversify into Stocks with strong short interest (Short Ratio) and watch WSB Discord + Reddit. Why? Because GME had about 120% short interest and after further investigation from WSB they found out that one of the major market participants who was shorting was Melvin Capital. What helps is to just ask yourself which garbage company everybody knows but nobody understands how they stay afloat.
NYSE:GME
by UnknownUnicorn5507594
Is GME trading in another GIANT Ascending Triangle???It appears as though another Ascending Triangle is forming for GME, notice the series of higher lows at the upward green sloping line of support, it's interesting to see a bounce off of the old resistance of the previous Ascending Triangle in blue, inherently bullish. There's merit for an inverted H&S pattern as well, the green human icon is the head of the pattern. The RSI is displaying higher lows coinciding with the price action, and there's noticeably a bearish divergence that started Jan 25th, 2021. There has been a slight deviation where I've placed the blue sideways pointing finger, but their downward sloping resistance creating a series of lower highs has been pretty accurate, despite the price increase and choppy sideways price movement. The RSI has cooled off a little potentially indicating further upside action.... On the KST it's pretty neutral and I wouldn't be surprised to see a bullish cross next week where I've placed the blue finger.
NYSE:GME
by ScotianBot
GME Looking Lunar?I couldn't help myself, so I did a little TA on GME. It looks like we could consolidate and attempt to breakout of some sort of structure soon. It looks to be forming a descending triangle, which is typically bearish, but my whiskers are telling me there are too many factors and forces involved here for any amount of certainty. The Fib levels give us an idea of a reversal zone on a pullback, and I generally consider the .5 to .618 area the reversal zone. I'll be hiding in the bushes and waiting to see if the top green support zone holds. Here is the 30min chart for a little more detail. This is an unprecedented situation, and I wanted to find as much objective reality as I could. It's what werewolves do. Owhooooo!
NYSE:GME
by Akamer-the-Werewolf
16
Where is Gamestop Going Next?As I have spoke about before this is a blow off top, wave 5, and evening star formation. The price target is $17. Let me define a few things to put it in perspective. 1. Blow off top definition; Blow-off top patterns are common in securities where there is a lot of speculative interest. Prices rise, usually on positive news or on the prospect of good future news, such as future growth or the release of a positive drug trial, for example. As the price rises, more and more people get excited. More people also start to feel they are missing out, and they don't want to miss out anymore, so they buy. The higher the price goes, the number of people lured in to buy increases, and thus the higher the price and volume go. Blow-off top patterns are common in securities where there is a lot of speculative interest. Prices rise, usually on positive news or on the prospect of good future news, such as future growth or the release of a positive drug trial, for example. As the price rises, more and more people get excited. More people also start to feel they are missing out, and they don't want to miss out anymore, so they buy. The higher the price goes, the number of people lured in to buy increases, and thus the higher the price and volume go. 2. Wave five is the final leg in the direction of the dominant trend. The news is almost universally positive and everyone is bullish. Unfortunately, this is when many average investors finally buy in, right before the top. Volume is often lower in wave five than in wave three, and many momentum indicators start to show divergences (prices reach a new high but the indicators do not reach a new peak). At the end of a major bull market, bears may very well be ridiculed. 3. Evening Star; The Evening Star is a bearish, top trend reversal pattern that warns of a potential reversal of an uptrend. It is the opposite of the Morning Star and, like the morning star, consists of three candlesticks, with the middle candlestick being a star. The first candlestick in the evening star must be light in color and must have a relatively large real body. The second candlestick is the star, which is a candlestick with a short real body that does not touch the real body of the preceding candlestick. The gap between the real bodies of the two candlesticks is what makes a doji or a spinning top a star. The star can also form within the upper shadow of the first candlestick. The star is the first indication of weakness as it indicates that the buyers were unable to push the price up to close much higher than the close of the previous period. This weakness is confirmed by the candlestick that follows the star. This candlestick must be a dark candlestick that closes well into the body of the first candlestick. The reliability of the evening star is enhanced if the third candlestick opens below the real body of the star leaving a gap between the real bodies of the star and the third candlestick. This, however, occurs very rarely. Reliability is also enhanced by the extent to which the real body of the third candlestick penetrates the real body of the first candlestick, and if the third candlestick has very little or no lower shadow. Finally, volume should also be considered as the pattern is more reliable if the volume on the first candlestick is lower and the volume on the third candlestick is higher. Sound familiar? If it walks and talks like a duck it's probably a duck. Not shown is multiple similar bubble situations TLRY, SPCE, Bitcoin in 2017, etc. All bubbles burst. My advice is to get out immediately.
NYSE:GMEShort
by adriel.arrasmith
11