Gmelong
DFV SOLD 300 OPTIONS - and you HOLD?If you don't believe me check this:
On 26/01 he had 800 options still holding but on 27/01 he has 500.
He sold 300 options on the highest point making him and additional 9million.
His previous trades before that made him 4 million but this trade above is the worst.
WHY?
Since he and WBS were telling others to HOLD - why did he then sell?
He is now owning millions - more then 13 million.
Where are you?
Check the different below - 26/01 & 27/01
www.reddit.com
GME - Potential ABC & Elliot Wave ContinuationPotential ABC after the Elliot completion is forming -» ABC correction still needs to be confirmed and potential price are to reach is the 138 dollar area.
The gap will need to closed if further upside movement has a chance to continue - if not than potential ABC wave will be validated.
According the Elliot wave theory - after an ABC corrective Wave we will see another continuation to the downside.
Price dictates the potential scenarios - in the end it's up to us to make an educational guess.
GME long TP 2000$ and much more up. The reason why stock plumbed, why I think is going to go up so much and more find below:
After some stocks weren't able to buy from retail traders, AMC,GME dropped. The reason is that the fund sold their shares to other funds, which made the stock algorithm think the stock is being sold —> price goes down —> the found that bought sells those shares again to the fund that sold them in the first place —> price drops even more —> they keep doing that —> price drops lower every time —> but as long as the retailers hold them buys they weren’t able to exit any positions!!!
Shorts are still up 120% percent. As long as we hold the squeeze is inevitable!! And if you don’t believe me, look at the GME after hour stock price!Furthermore don’t sell at 1000$ tomorrow or next week!!! It can be way fucking higher! I‘m talking about numbers around 10/20k per share! Compared to the VW squeeze in 2008 GME would need to be valued at 34000$ per share!!!
First, we need to understand what is "Days to Cover" or "Short Ratio" .Official definition (Days to cover, also called short ratio, measures the expected number of days to close out a company's issued shares that have been shorted. Days to cover is calculated by taking the number of currently shorted shares and dividing that amount by the average daily trading volume for the company in question). A high 'days to cover' ratio can often signal a potential short squeeze.Imagine you're Melvin Capital and you have 1 million shorts up. How long will it take to get all those shorts out of your portfolio? If the volume of short removing is 1 per day, then it'll take 1 million days to remove 1 million short from your hands. If it's 50,000 shorts a day, then it's 20 days.
Same thing with covering short positions. How long will it take Melvin Capital and other shorters to cover their short positions?
You take alllll the shorted shares, divided by the average volume of share movement per day, and you get something called "Days to Cover" Now you know what day's to cover means, you can check many websites to see what is the days to cover for GME. So you can see, even if Melvin Capital wants to cover their shorts, it's gonna take them DAYS, and right now it's gonna take them an entire trading week to cover their position.So what does that mean for us?
Well, we're just waiting for the day when Melvin Capital starts covering their position. When is that day? VERY VERY VERY SOON.
They're are bleeding out with the insane interest rate they're paying for their position, and a lot of puts are expiring on Friday, plus a lot of ITM (in the money) calls expire Friday and can be exercised to get shares. Friday might be the day where Melvin Capital have no choice BUT to start covering. Now, IF this happens, then it's not gonna take Melvin Capital 1 hour to cover all their shorts, but DAYS.
Meaning if Melvin capital starts covering FRIDAY, it will take them at LEAST 5 DAYS to fully cover, which means ALL of next week, the price will keep increasing and increasing! So realistically I'd say Wednesday or Thursday next week might be peak sell time, IF the covering starts Friday. No need to panic sell. No need to worry about a top that lasts for minutes. It will LAST FOR DAYS!!!!!Now, CNBC and all of the MM's and corrupt media will fool you into thinking Melvin Capital has already covered their positions...
Don't be fooled.
GME vs VW Short Squeeze - NOT LOOKING GOODHi everyone,
As some of you spotted out very well. the previous analysis/comparison didn't use the same timeframes - sorry for that, wasn't intentional.
In this case we compared the 2 short squeezes on the same timeframe - Daily time frame.
Why? Because bigger time frames don't have the same date. -» GME is quite "fresh/new" versus Volkswagen so we have to use the best time frame that shows not too much noise but gives us the best info.
As we can see, prices always tells us what might happen.
Yes the 2 short squeezes are different but fundamentally very similar -» a short squeeze happens in the same way but the corrections itself occur differently.
GME shows 2 bigger short squeezes and VW actually one since the first bull candle could be seen as the run up towards the spike.
My theory is the following on the GME short squeeze:
1. Run up -» before the run up anyone who catch the trend is safe, you made the least riskiest investment.
2. Everyone get's hyped up and thus pushing up prices and creating the first squeeze.
3. The first bearish candle indicates that everyone who made nice gains is collecting profits & maybe Wall street closed some of their short positions.
4. The hype is still there and more people come in -» these are the late to the party ones creating another squeeze.
5. Second bearish candle -» anyone who made for the second time nice gains, sell their positions + anyone who panicked + Wall street closing short positions.
6. Hype and mass hysteria is fading away and price is seeking it's fundamental price -» all who bought the top is trapped.
It's very sad to see this because even when attacking Wall Street and beating them on their own game, many traders lost.
Why?
WBS, Reddit, Roaring Kitty especially used the same exact tactics to beat Wall street and making nice gains by using the retailers to pump up the price.
Why?
DFK's last statement showed 22million in total profit of which he cashed out 13 million -» he made his millions, there's no loss for this guy.
You see the point?
Others already gained, and the rest is to be seen.
Thank you and I'm looking forward to read and reply to your comments!
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 !
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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!
🏓Game is ON 🍿So the game is ON, again.
The people of 'Occupy Wallstreet', Reddit, Wallstreetbets and evey single one of us 'renegade revolutionaries' (there is one in all of us, including myself and you), against the machine.
Time for some music to get inspired before today's new episode of 'Squeeze wars' at the GME GAMESTOP Battleground.
Personally: I am just watching this show. Neutral
Want to trade it? Sell high, Buy low, gamble between market closing tonight and not knowing where it will open tomorrow. And off course don't risk your savings, play with money you can REALLY afford to lose. Have fun people.🍿
ps. OCCUPY WALLSTREET, I'm all up for THAT! 🦍