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GAMESTOP CORPGAMESTOP CORPGAMESTOP CORP

GAMESTOP CORP

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GS2C trade ideas

GME - A local Higher High is LikelyHello all, just a man following those pennies. The structure I am seeing on GME hints at a likely higher low to form Thursday (6/13/24). I do believe that there's a significant likelihood we see a bullish sweep, and looking at this overall structure I do believe a higher local high (above $34) will be made. However, the long-term picture of this, suggests a likely fall in price after this next move. Will be watching to see how this pans out, but I plan on taking a low risk trade in the Morning given pre-market isn't a slaughter below $22.85 range. Who knows, sometimes GME moves so fast and with such volatility we could gap up with insane momentum within the first few trading hours leaving me unable to take this trade. Even if I were to go short via puts/stock on the rise, the risk and gamma squeeze would leave me disinterested. Let's see how tomorrow opens. The pennies suggest a higher low. have a good one :)
NYSE:GME
by ThePennyMan
4
GMEideas about the movement of the GME stock for the year 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
NYSE:GME
by vip3rgr
GME - Week of June 17, 2024NYSE:GME - Thesis - Management is Ryan Cohen; the buffet approach - With over $4 billion in cash, Game Stop has a better Price-to-Cash valuation than plenty of companies inside NQ. - RK comes back after a three year hiatus, with transparency of his portfolio. - Market structure is forming a moon landing to $120+ per share. - And with a cultist group of degenerates (like myself); Hedgies Getting Wedgies - Dumb Money 2 will be made. Despite all of this.... I can be totally wrong & management could rug pull everyone and it goes straight down to zero. Nothing I post is financial advice nor investment advice.... I simply like this stock!
NYSE:GMELong
by AnthonyGarciaEth
I look at this chart and feel bullishMy gut instinct is to long here (just from the pure chart itself). There is nothing fundamental about this idea, aside from the fact that GME has a market cap of 10 billion, which is low enough to be pumped. The overall liquidity cycle reverted and is rising. In this stage of the cycle, memecoins and stocks rising just from belief / attention alone is very possible, in fact it is more likely to happen than not. "Tap into the heart and soul of the increasingly desperate, degenerate, jobless, lonely, addicted - generation moonshot" All it takes is a spark to light the fuse.
NYSE:GMELong
by r90000
$GME AlgoTradeAlert Momentum Algorithm IndicatorNYSE:GME AlgoTradeAlert Momentum Algorithm Indicator We never short growth stocks or stocks with a lot of volatility. If we were short, we would have covered our short position and gone long. Instead, our strategy is to wait for the large green dot to enter a long position. On June 10, we got that large green dot and we entered into a long position. Yesterday at 13:20, we exited our long position with a fantastic profit. Today we are going to repeat the process and do it all over again. Wait for our algorithm to give us a buy alert to go long.
NYSE:GMELong
by AlgoTradeAlert
4
Did You See What GameStop Just Accomplished?I must say, and as I wrote the other week ( see here ), the winners of the GameStop resurgence was GameStop itself. They now have $4 BILLION in cash on their balance sheet. That's right – a strong community can do wonders for a brand, its backing, and the company itself. Between Roaring Kitty, Ryan Cohen, and everyone on Reddit, they just created a viable business with an entirely new fundamental outlook. Let me explain: - They eliminated all of their debt, thus zero debt! - They now have about $4 billion in cash. - Market cap is nearing $10 billion. - They do about $3.2 billion per year in revenue. - They have 3x PS ratio, but many startups for for 5x or even 10x. But keep in mind that a majority of that is in cash. If we back out the cash from the market cap, the PS ratio is more like 1.5. If you think they are on the verge of rebuilding and recreating their story, they have the revenue and balance sheet to do it. Well worth watching… By the way, I still can’t believe some 25%+ of the float is still short and public about it in available data. I currently do not have a position, but as someone who appreciates fundamentals, a sound business, it surely has me watching it more closely than I have in prior years. The road will be long and difficult, and they have to execute flawlessly, but if they can, the vision is to become a gaming giant that'll be a value add to the gaming world.
NYSE:GME
by scheplick
2
GME Trade PlanA look at Gamestop. This has been getting attention again! Wall Street vs. Retail Traders battle. There is a LOT of Short volume on GME and AMC, and the big Analysts say the buying is nothing and that everyone should sell. BUT, the technicals don't lie and in our opinion, this is going to take off again. Jim Cramer says it's nothing and that it will flop, so it's definitely a buy! LOL !! We first got the buy signal at ~$17 week BEFORE the news of this big push up...all from the technical analysis. So...If you're following this with us, it is time to buy again at $26. Target is $45, then $68. If this holds...a retest of previous highs is likely coming
NYSE:GMELong
by bigkid803
1
GAMESTOP: The Party Is OverRemember when Elon used to tweet about Dogecoin, causing the entire market to react wildly? Market cycles repeat, and this one is no different. What we've learned is that driving up prices through tweets, Saturday Night Live appearances, or YouTube livestreams is unsustainable, and the positive effects are diminishing. Yesterday, expectations for the livestreams were high. Despite multiple market halts, the disappointment was evident as GME's price retraced to its pre-pump level from the start of the week.
NYSE:GMEShort
by Anton_XBT
8