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Is WallStreetBets Winning the War Against GME Shorts?I’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. I want to do a follow-up video on GameStop GME , because this stock is just going absolutely bonkers. On January 26th, two days ago, I did a video explaining exactly what’s happening on GME stock. And it looks like the madness for GME stock isn’t stopping just yet. On the 26, the day everything started, the stock closed yesterday up almost 93% at $147.98, and today, it rose as high as $380! I’ve seen crazy things in this market, but a Reddit crowd squeezing shorts to this extent? It’s just crazy. And the WallStreetBets group on Reddit — the one whose purpose is “making money and being amused by it,” their words, not mine — is growing by leaps and bounds. Tuesday, it had 2.3 million users, but looking at it yesterday, there were 3.2 million users! Even Elon Musk is chiming in: Musk, who has clashed with Tesla shorts in the past, tweeted a link to the Reddit thread, saying “Gamestonk!” This has caused such crazy trading volume that a bunch of online brokers crashed yesterday. TD Ameritrade is actually restricting trading on GME and AMC stocks because of this insane volume! They said they’re doing this out of an “abundance of caution amid unprecedented market conditions and other factors.” It will be interesting to see if other online brokers do the same. It seems like the Reddit crowd may have won the battle. I saw lots of headlines today that GameStop’s biggest shorts — Melvin Capital and Citron — said they covered most or all of their positions. And yes, that’s what they said… but did they? It will be interesting to see when short interest data is updated at the end of the month whether this is true or not. Other Stocks To Look At This Reddit crowd is targeting some other highly shorted stocks, too, so I want to take a quick look at their charts. First up is AMC . On Tuesday, the 26th, they closed at $4.96, and hit a high of $20.36 earlier. Yesterday they were up 229% at $16.27. Next is Bed Bath & Beyond BBBY . It traded as high as $53.90 yesterday — its highest level since 2015! Right now, BBBY closed up 24% at $45.79. And finally, there’s BlackBerry BB . BB hit a nine-year high of $23.94 yesterday, and was last seen up 23.4% at $23.31. Summary Now, I’m personally not trading any of these stocks, it’s too risky, but I’m certainly watching! And before we go, I want to make a correction. In my previous article on GameStop, I mentioned that this was a similar situation to Kodak’s KODK volatility last summer. That was not the case. Kodak moved because it was awarded a government contract to make generic drug ingredients. The deal was later halted pending an investigation. You guys were right, and I was wrong. Thank you for correcting me.
NYSE:GME
by rockwelltrading
21
GameStop $440 in premarket GameStop GME, the video-game retailer that is closing shops because of Covid and became famous now with it's association with the Reddit message board-fueled retail attack on institutional short sellers has just touched $440 in premarket trade. The loss-making retailer was priced at around $19 heading a few weeks ago and $60 last week before storming higher. GameStop has become the poster child for the 2021 stock market and its incredible volatility and speculation. The stock has gained 1,700% in January, causing pain to short-sellers. A trade like none we have seen before. The huge moves in GameStop (GME) stock have been, very clearly, the result of a short squeeze. A squeeze is a phenomenon that can occur after big gains happen in a stock that, in turn, cause mounting losses for short sellers who are forced to cover their positions. Even Investopedia had to rewrite their short squeeze articles. WHAT'S NEXT? People hunting for the next Short-squeezes will be a new hobby to many. Especially young traders, normally those who are currently on Instgram and Telegram groups about cryptos. What I would also expect is the SEC coming out with some new circulars. ps. I heard about this on Youtube but for sure there will be a film about all this in a few years. Title ' The Big Squeeze' 🙈
NYSE:GME
by FX_Professor
5
$GME gamestop rallyHere are some of the stocks getting pumped right now. Enter at your own risk because this is super super risky. $GME, $BB, $BBBY, $AMC, $PLTR, $NOK, $NAKD $GME gamestop has been getting pump for a long time now. Individual investors — particularly on the Reddit chat forum “WallStreetBets” — began buying GameStop shares and encouraging others to do so. GameStop's shares are now up nearly 1,700% so far in 2021 -- and it's still January. An epic short squeeze is believed to be fueling the rally -- one led by an army of individual traders that are using social media sites like Reddit and Twitter to coordinate their strikes against short-sellers. By buying heavily shorted stocks en masse, these bear slayers are driving up their price. Short-sellers, in turn, are suffering staggering losses. To stem the bleeding, many short-sellers including multibillion-dollar hedge fund Melvin Capital have been forced to exit their positions. This requires that they buy back the stock they sold short, which has likely helped to drive GameStop's price even higher.
NYSE:GMELong
by Trader_hao
Gamestop: Is It an Act of Pump & Dump ❓The Game Stop share has been in a rally since mid of January. The last two days this stock rallied from 79.30 $ to 355 $ / share, this means an increased in value by 4.5 times or 348 %. Many analysts and investors they are insisting that there is an act of " Pump & Dump " which is illegal, and if anyone is found guilty of that will end up in Jail. One of the main drive of this hype is the social media communities such as " WallstreetBets ", and " Reddit " where traders are promoting this stock to pump it. As we know in " Pump & Dump " scheme , a group of traders make a huge amount of profits in a short period of time by holding a micro or small cap stock and try to pump it by convincing other traders to buy it, and once the buyers come in, they dump their shares and cause a huge drop in the share price. Now everyone is talking about this share, and curious of what will happen next. Currently, at this price level there is no much historical data to predict what's next. All we need to rely on to predict what's the next price might be, is to use the round numbers in case the price continued the upward movement. Let's see when this fiesta will end and if there will be any bloodbath after the rally ... ❓ ------------------------------------------------------------------------------------- Please press “Like” if you appreciate the trading idea 👍 “Follow” for more trading ideas in the future 👀 “Comment” below to share your thoughts with us and other traders 👥 ------------------------------------------------------------------------------------- Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
NYSE:GME
by CollegeofPips
14
AMC -this is the next GME this weekAMC released incredible earnings! and the stock si being played by short-sellers with a short interest of almost 39M. WSB with the retail investors army is going to go big on this stock today and its already up 50% pre-market! we estimate that if this stock will get 15% traction of what GME got in the last few days, AMC will reach the second level of resistance at 15$. We are bullish on the stock regardless to the short interest and we are taking it high today !! The point of control on the volume is on 6$. Volume on the stock in average 3m: 53M current volume: Apx 160M trade safe ! Be safe
NYSE:AMCLong
by FDGT_academy
3
GameStop (GME) doesn’t want to stop ! where is the next target?So the stock went PARABOLIC in the last weeks – starting with full ignition on the 13th of January. Stock needed to correct down which shows the motive wave is healthy and it is less likely to tumble down as we got a correction almost to the 50% line, so let's break it into targets : 1. Finish retracement at 31.50$ -the lowest we want to see the stock goes, below that means we broke to the 38 line – the red square in the chart. IF we get to the 38% line that means the motive wave is NOT an impulse wave ( strongest wave) and that the stock price can fall even further. 2. After accumulation has accord between 31.5$ to 35$, the stock needs to continue to the third stage of the motive wave and go up above the previous highest high breaking the 43$ price target. There we will see some correction happening and accumulation again – if it’s a healthy trend, and we will aim for the next target. 3. This target is a bit presumptuous but if our last target gets hit we are looking at big gains on Gamestop – the target is above 50 towards the 52$ mark. If the stock reaches this target we believe this will be a great exit point, as the price will need to correct a minimum of 30% down and we do not want to be there for that correction. Please keep in mind we analyze the market according to Eliot wave theory along with market cycle on something we call ‘Market Cycle Based Analysis’ which can be a bit aggressive at times but in this bullish market, we believe this analysis is more valid than ever! Be safe and trade safe!
NYSE:GMELong
by FDGT_academy
3