Gamestop On Balance Volume stays highThe price tanks hard, but the volume doesn't cover this.
This underpins the theory, that price at GameStop NYSE:GME stock is currently primarily driven down by short ladder attacks. Retailers or not selling big. They are holding the line!
You can easily see this today on daily and hourly chart.
So I think the price will recover to much higher levels, if retail selling pressure will not increase, as hedge fonds have to cover their shorts at some point and the expected shortsqueeze is about to come.
Shortsqueeze
$CMGR Clubhouse+Billion Impressions a Month PT $50-$100$CMGR has been steadily making waves following several reports of its social media influencers some of them with millions of followers on all platforms going viral. The company has several Influencer houses and manages the influencers and their content racking in revenue from ad campaigns.
The company is set to take the Social media world by storm this year and is in a good position to do so.
Personal PT $50-$100
XL: Ready to go (short float 72%)An EV play with 72% short float. ready for a breakout.
Traded yesterday above its avg volume.
We need to see more Volume to confirm the breakout.
LONG SLV Silver to ALL TIME HIGHS...and then price discovery Let this one play out all throughout 2021. Let's squeeze the bankers that have been screwing with the silver market for decades. Remember this is a weekly chart so give it some time. This one will rip to all time highs and then some while in price discovery. Hold the line boys. Target 1 is at the 1 fib retracement, Target 2 and 3 are at the 1.272 and 1.414 fib extensions respectively. These are conservative targets so once it busts through ATH you are free to judge your own targets. Feel free to de-risk and take partial profits after target 1.
Entry - $26.82
Stop Loss - $20.37
Target 1 - $48.39
Target 2 - $57.89
Target 3 - $63.67
R/R Ratio - 3.21
SLV the most short squeezed thing in the market.Silver has been shorted by everyone and currently, they don't have any actual physical shares of silver. Yet they have all these naked paper contracts that will never be backed up. The actual physical silver asset doesn't exist. The big banks will need to buy back their shorts if we push the price higher than 40. That being said this can be done if we all collectively tackle the big banks. With our winnings from GME and more support, we can get the silver value to where it belongs @100 dollars minimum.
A quick look there is strong resistance at 30 dollars mark but understand that silver has actually broken out of the 25 resistance with the current push and momentum silver will have a great month at the very least.
Short the Vix through VXXThe vix had a flare up from the mass confusion and frenzy caused by the huge short squeezes on AMC and GME. That is going to die down and continue to subside.
As this subsides, the vix, a.k.a. the Fear Index, is going to steadly decline. Short the vix. VXX is a good investment vehicle to play the vix through.
INO: the detail those who shorted the stock may have missedIn theory of technical analysis a descending triangle is a bearish pattern that completes itself when price breaks out of the triangle
in the direction of the downtrend. However, for the downward break out of the descending triangle to be true there is an all-important
assumption: this pattern is formed in a middle point of an extended downtrend. If the descending triangle is formed just under the top
of an uptrend then the pre-existing trend is upwards, the pattern is bullish and price breaks out of the triangle in the direction of the uptrend.
Perhaps the hedge funds that shorted INO missed this detail, considering the easily spotted pattern as bearish.
I can’t explain other way the fact that INO has a sort interest of 33.80%, being one of the most shorted stocks in the market.
In case I'm right, an epic shorts squeeze is about to follow.
Next are presented the Mid- and Short-term trend analysis.
Prompt
New traders should take some time and carefully read the post they will find on my profile entitled 'You can't beat the market'.
Disclaimer
The author of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only.
It is not an advice or inducement for the purchase or sale of the products mentioned. Before making any investment based on your own personal circumstances,
it is very important to do your own research and analysis and also take independent financial advice from a professional to verify any information provided here.
Silver squeeze underwayI don't want to say ''I told you so...'' but I told you so. I'm on my 6th leg of my position which I started in the 15-16$ range and bought more pre US market today. It currently isn't possible to buy physical silver at most renowned distributors and I think this week will be very interesting in this fight of the paper money versus real assets. I think it is likely that we will see the old highs in a short period of time and from there it is everyone's guess.
SILVER: THE SQUEEZE OF THE CENTURY (/ SEVERAL CENTURIES...?!?!)SILVER & XRP ... IT'S THIS EASY, PATRIOTS!!!
THE TRUTH IS... IF YOU'RE HERE FRETTING OVER CHARTS & TECHNICALS, I DON'T THINK YOU REALLY GRASP THE MAGNITUDE OF WHAT'S ABOUT TO HAPPEN & FOR THAT ALL I CAN SAY IS PLEASE FOR THE SAKE OF YOUR FUTURE SELF, FIGURE OUT A WAY TO SECURE AS MUCH PHYSICAL SILVER (AS WELL AS THE DIGITAL ASSET "XRP" WHICH I'VE LINKED A CHART TO BELOW) AS YOU POSSIBLY CAN... EVEN MAX OUT THOSE CCs (this is not financial advice, but they're going to reset all of the debt anyway sooooo may as well protect yourself with as much of the final credit ammo they're handing out haha...)
THESE THINGS ***ARE*** HAPPENING -- AND THEY'RE HAPPENING LITERALLY AS I TYPE THIS. GOD SPEED AND GOD BLESS... THESES ARE SURE TO BE BUMPY & HIGHLY VOLATILE TIME, BUT I COULDN'T BE MORE GRATEFUL OR EXCITED FOR ALL THAT'S IN STORE FOR US.
SEE YOU GUYS IN OUTER SPACE!
JACKIE GATSBY
AMC Chart Analysis, Week of 1/25- 1/29AMC Stock Analysis - Fundamental and Technical Analysis
Week of 1/25 - 1/29
Hope this helps some of you understand what happened
and why price moved a certain range/direction.
*can not predict short-term price
due to lack of data on 1/28-1/29
across the channels on
real time
volume
market cap
shares outstanding
bid/ask
limited # of shares purchasable changing
and fundamentals such as
company's outlook
economical outlook
future growth rate
current revenue
debt (significant changes)
Ratio of short-term traders (without long-term investment interest in AMC)
vs. Long-term traders (with long-term investment interest in AMC)
that will determine next week's buy/sell volume and interest.
$SPCE short runs prices up to $70 to $80 target before Feb. end.We are on a logarithmic growth pattern with $SPCE. Great prospects, rumors of test flights, and incredible meme value. Plus any heavily shorted stock is under attack by retail right now.
However, unless this thing picks up mainstream appeal, like $GME levels, it's got to retreat at some point. Therefore I'm into some Jan 2023 calls, but only plan to hold them until the end of Feb, unless the momentum on social media of the stock changes. At that point I think it has to retreat to the logarithmic trend line for a while before it continues growing (ie being acquired by someone large).
Retail Investors HELD THE LINE 1/29/21 Gamma Squeeze GMEWe are making History here!
Big Hedge Funds have shorted this company beyond the number of shares even available!
When we called them on it they tried every trick in the book and when that failed they threw the book away and shut down the game!
They tried to shut down our communications. They tried to discredit us. They tried to spread misinformation. They tried to cause panic selling.
When that didnt work they even stopped us from buying publicly traded stock on retail platforms!
But not only did we hold for every dip caused by more shady practices we bought the dip. Volume is critically low.
They have nowhere to go and mountains of debt that is increasing exponentially!
We have won the battle today and now the war has begun!
Here is my analysis for GME for the coming week. We have a huge Short Squeeze we are about to enter.
Not financial advice. I'm not a professional. Just a regular rocket scientist that likes this stock. I like it A LOT!!!
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.
Short squeeze mini series # 23What Is a Short Squeeze?
A short squeeze occurs when a stock or other
asset jumps sharply higher, forcing traders who
had bet that its price would fall, to buy it in
order to forestall even greater losses. Their
scramble to buy only adds to the upward
pressure on the stock's price
KEY TAKEAWAYS
*A short squeeze accelerates a stock's price rise
as short-sellers bail out to cut their losses.
*Contrarian investors try to anticipate a short
squeeze and buy stocks that demonstrate a
strong short interest.
*Both short-sellers and contrarians are making
risky moves. A wise investor has additional
reasons for shorting or buying that stock.
GME scandal: Some explanations & why trading got halted.Citadel & Point72 bailed out Melvin Capital which was the GME short selling bagholder, but it does not end here.
There are other short sellers. And these stocks, not just GME, but others too, became extremely volatile and on giant volume.
So first there is the issue of liquidated funds that do not have immediate cash.
They hold positions and would have to unwind them to get cash to cover their margin calls.
Melvin Capital I read was down 30% and got bailed out, so they still have assets, just not liquid, no immediately available cash.
Trust me, if they had a gun to their head they'd have immediately available cash, they'd manage.
Second, even after what happened in 2007-2009, financial institutions with systemic risk are not THAT capitalized.
It's not new and never gets solved: in 1987 NYSE specialists had to bed big banks to provide them with more cash or the whole world would collapse.
And I think bureaucrats do not understand how this all works very well. No one does honestly. But bureaucrats are really clueless and under or overreact. Always.
It gets scary for the clearing firms when you have GME making $35 billion volume and going up 400% in 2 days, AMC making $20 billion and gap 300%, higher volumes than Apple and Amazon that are already higher than usual and on 100 times the volatility.
Interactive Broker CEO was the most honest in my eyes and in an interview with CNBC said they halted trading to protect their clients, the clearing houses, the market, and themselves. He said if they had not done it the short squeeze would have kept "going and going", so regulators & brokers agreed to stop it all to "stop the losses".
Robinhood decided to re-open trading and the CEO pretended he halted trading of the very volatile stocks as routine like "oh didn't notice anything special was going on" 🤡.
Webull CEO said in an interview their clearing house told them they could not take trades anymore. I think they use another entity than Robinhood does.
Not sure why Robinhood halted buying (and not selling). There's really the need for an investigation here. I can't tell you what happened because we do not know.
My 2 cents:
Short sellers are still very strong on this stock, I think they might even have added, I don't know if they are friends with the clearing house but either way they (ch) get stuck in this game, and retail investors are understandably angry at getting blocked like this.
Brokers don't have billions to my knowledge with which they can cover counterparty risk and they have no contractual obligation to do so and I mean they're not santa claus.
My personal opinion is short sellers refusing to liquidate and take the L is the source of all risks and problems (most of it might be options that they can just hold? Not sure how this gets counted in short interest).
Maybe already the counterparty clearing firms got wiped clean, but regardless of this if the price skyrockets further and the bagholding shorts that refuse to close while they can end up being liquidated and margin called, it's truly over for the market. Everyone is going bankrupt, WSB crashed the world.
The counterparty providers risk is real, but I am not their accountant, I do not know how bad things are, and we don't know what actors (if any) are of good faith. It could be (it probably is) shorties refusing to take the L, putting the whole market at risk.
I think they are really worried the price gets to 5000. From the Peterffy (IBKR) interview they really expected this. And it might still happen.
Lehman Brothers, James Cordier, Melvin, same story. They get greedy, they refuse to get out, they get rekt.
And sometimes they get an unfair bailout, and are so deluded they actually think they got unlucky when they really messed up.