GME โThe GME event is in fact the result of a process that is hyper-rational. It is based on highly-accurate calculations of specific outcomes which possess a much higher degree of certainty than is the case for normal investment decisions. There is no โmadness of crowdsโ here. It is a premeditated, predatory take-down of a cornered and defenseless counterparty.โ - Forbes March 5, 2021.
GME In the simplest form imaginable The more they Fvck around, the more they will find out. They can name call whine and delay, but the truth is they are Fvcked beyond all fvcking, and nothing is gonna un-fAHQ them now๐ ๐๐คฃ๐๐๐๐๐๐๐Its like the people who got the vaccine and learned it was possibly killing people... then they go and get a booster shot... Thats the level we are at
GME Do what you want with your money folks. The setup stands, if anything the Wall St Mafia has only dug deeper graves... I laugh and troll while manipulative thieves are having mental breakdowns and are bleeding out their butts... We have held and bought for 4 years, there is just delay, This is a re-iteration of "The Big Short" the setup hasn't changed at all. These whiny crying shills only gloat on red days, when its pumping they look like the supreme paid turds they really are. Back to the Final countdown wedge play of the century. Only Big D energy can handle this type of Sheiyt, Life changing Money LFG ๐๐จโ๐๐ช
GME pretty much the same story as 2 days ago, just with different lies from Pumper and Dumper. after walking back from the edge, GME went right back there today, only this time it didn't hold the line - though it was close enough that I don't personally consider the break of support #1 a SUPER red flag. but if you're long, that plus really low market and short volume and the fact that it was a new lower low and almost 4 month low should be concerning, at the very least. the overall market had a lot to do with that, but this was the first day in almost a week where GME underperformed the market. doing that while breaking support and setting that new low isn't great news.
Until there's a break of one of those 2 trend lines, though, there's not much to say that I haven't already said. I'd be noncommittal with a negative bias, given the closing price's proximity to that lower trend line and the factors I already mentioned from today. But the picture all could change in a day, just like it did yesterday. Again, market sentiment will matter a lot tomorrow, especially since it's Friday.
It does look to me, though, like shorts are biding their time patiently. And why wouldn't they? Current short positions just keep printing due to low buy side demand. I expect when they do enter the fray, it will be in a decisive way. I'm just struggling to decide when I think that will be. I know when the bulls will, but the shorts are tougher to figure.
Could be the first break of the downtrend line, could be after a run up after a break of the upper one. I honestly think the likeliest play is for them to wait for earnings and if there's a spike or a collapse as a result, they go in hard then. Hitting hard after spikes occur has been a very quick, profitable trade for shorts since 2021. I know there are people here who have been caught on the wrong side of those and are still fighting to get back to even. That's the risk you take when you go MOASS hunting with diamond hands.
Short term, bulls should be focusing on volume returning, because there will be no serious extended rally until that happens. 10+ million shares in a single day volume is when i'd start to believe a rally is real. ACTUAL volume, though - not fake "Computershare buy" promises that are "definitely" gonna happen and give the power back to the people. real, verified volume that shows real buyer interest.
obviously bears are looking for that lower trend line break. and if they get the dreaded 100% pop in short volume, so much the better for them. Who gets what they want is anybody's guess right now, so be careful whichever side you are playing. While you're waiting for that resolution, maybe learn to fact check so you don't fall for whatever tomorrow's scam of the day will be.