$GEO OutlookNearing resistance. Watch for rejection and falling back down below. Breakout out above could live to a large upswing towards $20. Consider that unlikely and rejection much more probable.
GEO trade ideas
Michael Burry buying GEO - Chart reviewToday you can review the technical analysis idea on a 1D linear scale chart for Geo Group Inc (GEO).
Michael Burry's investment in Geo Group Inc seems to be paying off. Price may be headed towards $11. Keeping a close eye on this one. Falling channel breakout and above the 200 SMA. Resistance around $11.
fortune.com
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
Sustainable Breakout?Break out from resistance, not sure if Michael burry still holding on to this company.
GEO daily bearish hammerOrder SELL GEO NYSE Stop 8.18 LMT 8.18 will be automatically canceled at 20230401 01:00:00 EST
GEO daily bearish hammer at short term downtrend line. Stop loss above local high, take profit at MA 100.
Long GEO Group niche REIT - cool ticker, book valueThe cliche about prison life is that I am actually integrated into it, ruined by it,
when my accommodation to it is so overwhelming that I can no longer stand or even imagine freedom, life outside prison, so that my release brings about a total psychic breakdown, or at least gives rise to a longing for the lost safety of prison life.
The actual dialectic of prison life, however, is somewhat more refined. Prison in effect destroys me, attains a total hold over me, precisely when I do not fully consent to the fact that I am in prison but maintain a kind of inner distance towards it,
stick to the illusion that "real life is elsewhere" and indulge all the time in daydreaming about life outside, about nice things that are waiting for me after my release or escape.
I thereby get caught in the vicious cycle of fantasy, so that when, eventually, I am released, the grotesque discord between fantasy and reality breaks me down.
The only true solution is therefore fully to accept the rules of prison life and then,
within the universe governed by these rules, to work out a way to beat them.
In short, inner distance and daydreaming about Life Elsewhere in effect enchain me to prison, whereas full acceptance of the fact that I am really there, bound by prison rules, opens up a space for true hope.
if there ever was such a thing as no-brainer easy money
this is it.
Republican sweep up in the November Primary is what the market will begin to front-run this summer
targets are potentially conservative.
Real Estate and Construction costs are already massively inflated, the market has not yet revalued the enterprises like GEO Group
short squeeze can happen here if the retail cohort swarms it
GEO - Weekly - Exited Down Trend.This seems trend changing.
Whats the best action to do for this? :) ??
GEO daily beginning of wave 5 uptrendGEO daily beginning of wave 5 uptrend. Stop loss under local low pivot.
$GEO SHORT ANALYSISPt 2Im expecting this short if price breaks this level on the daily TF (Time Frame)
It may or may not hit all the targets
so keep ur targets to yourself
SENNA SEASON
$GEO LONG SCALPBeen a while since i intraday on stocks swinging been more insightful
im looking at Michael Burrys all in gamble $GEO
declining volume seems to be picking up and the profile is sho
GEO: Shorts are showing weaknessLast weak Tuesday GEO was shorted, 8/22, then bounced back up on Thursday 8/25 the day before the need to cover positions, Friday. What appears to be happening is shorts opening new shorts early into the weak on Tuesday and then covering their old shorts on Thursday which results in the price raise. The issue with that is the fact that we are closing at higher price levels, and especially, where I place an arrow, we are going into Friday with way more momentum (as you can see from the MACD indicator) which tells me shorts are losing control on holding this stock down.
There are more shares shorted than in free float. That indicates a squeeze. Days to cover increased from 9 to 9.5 which also indicates that shorts have only exposed themselves even more than actually covering and eating the small loss, now they will eat a HUGE loss for being greedy and stubborn. Institutional shorts are the dumbest beings I have ever seen.
According to Barrons.com, on 8/15, which would underestimate the short exposure being these shorts have no brain and think shorting more will fix their problem.
Short Interest 18.6M (08/15/22)
Percent of Float 15.82%
Shares Outstanding 124.09Million
Float 116.51M
124.04-116.51 = 7.53 Million shares at a minimum created for the purpose solely created to dilute share prices.
If the short interest is 15.82% of the float, this means 18.431882 Million (Barrons 18.6M) shares are shorted and these positions need to be covered.
If shorts were to cover their entire position, they couldn't without a MAJOR spike in price levels, as even if they chose to cover, not only would price levels increase due to demand, but also SUPPLY of shares would be reduced, those 7.53 million extra shares would be gone, individually making every share that much more "rare" and additionally due to current price levels, a huge influx of forced buying will occur at these high prices. Minimum price target 16-18
THIS IS A FUNDAMENTAL PLAY. INTEREST RATES HAVE GONE UP. GEO GROUP HAS RESTRUCTURED ITS DEBT, CHEAP DEBT FROM PREVIOUS LOW-INTEREST RATE YEARS, AND SPREAD IT OUT OVER THE LONG RUN TO BETTER MATCH ITS NET INCOME CASH FLOW. IT IS BECOMING INCREASINGLY MORE EXPENSIVE TO SHORT (borrow naked) DUE TO THE INTEREST RATE SPIKE AND WE ARE IN FOR A SQUEEEEEEEZE. THIS COMPANY HOLDS PUBLIC CONTRACTS FROM THE GOV FOR HANDLING HIGH-LEVEL SECURITY FACILITIES, UNLIKE AMC WHICH HAS ACTUAL FUNDAMENTAL LONG-TERM VALUE, I WAS IN AMC AT 3$ AND SOLD AT 22 BECAUSE COME ON ITS A MOVIE THEATER COMPANY WITH ZERO FUNDAMENTALS, I JUST IMAGINE WHAT THIS COULD DO HONESTLY.
Michael Burry/Scion Asset Management All In Bet on GEOI select beyond technical analysis because I am not speaking to the hairsplitters. A friend of mine once said, "Theres a chart in the floor of every sunken ship" So
while technicals are to be respected, we have to keep in mind that all trailing indicators are just that.
Having said that
GEO This showed up on the whalewisdom radar 13F , Michael Burry all in on this one. Makes sense, prisons and intake facilities,so gonna trade this one to the upside.
All in on GEO
GEO - Double Bottom RepeatingGEO has repeated a double bottom seen previously in price action history In prior incredibly bullish results were seen Likely that these bullish results will be repeated
GEO: HEAVILY SHORTED, SQUEEEZE COMINGZero resistance until $21 per share, shorts will have to buy back, 85% of shares are owned, and 15% are shorted. Do the math.
GEO Group: BullishThe War on Fraud
People Will go to Jail
Government Expenditures are being reduced, however, by giving contracts to the GEO group, the government is bullish on this company.
Fundamentally, net income and net revenue increase, bullish, especially in a time when the US dollar is increasing in value.
Michael Burry's only stock position is GEO group
I see no resistance or walls until at least $20 price levels, easy 100% return on investment. By buying shares, I do not need extra exposure which I typically use option plays for. I will sit on this play. I typically am never this long on something, but I truly believe that in this age of BTC and fraud from people who think the IRS are fools, will be surprised when the feds come knocking for the money. If the fed needs to reduce the money supply, it will do so by any means necessary. Also, like fundamentals, and financials, fully agree with this being way too undervalued.
Just for the record I think EV cars will fail because they have zero towing capacity, likely will look into Hydrogen power instead.
BREAKOUTInteresting breakout over daily time frame, interesting business for this particular moment in the economic cycle...
GEOThe crash from ATH's looks about finished, HTF ABC bullish correction. I would think we now impulse 5 up. If that turns into an A wave then there is much more pain. If we do 3 up here and only hit $10 then this would be an X wave and the price action did a fib extension 1 to 1 and would expect much more downside.
GEO - DAILY ----- Outlook = BULLISHShort term target is $9 and then likely a retrace back down to $7.50 and then continue to $13.00
$13.00 is going to be big resistance so will need to re-evaluate once it is reached.
Chart looks great for a fast move up though
GEO - WEEKLY ----- Outlook = BULLISHSeems like the bottom is in for a couple years on this. Not sure the catalyst is going to be more people imprisoned or getting contracts to deal with homelessness, but this is not an industry that is just going to go away. Not a fun one to think about, but it is a heavily shorted stock so it has a lot of potential to run.
Targets and rebuys in shaded boxes
Easy Money Buy The Geo Group at Book/ Sharedon't even need to worry about drawing lines
this one looks like a 100% gain in the next year
fundamental strong
Biden administration openly acknowledges nothing will change
GEO INC - DOUBLE BOTTOMSeeing that War is here and many are voluntary putting their lives at risk. I would only assume that the U.S will go into full war deploying their troops or possibly some event to happen where it would need GEO's services in time of need - of course funded by the govt.
Please do your own research before investing.
trade safe all.
Clear BreakoutHi,
Breakout on 8th june didn't happen but huge amount of buying took place.
As on the chart, we can see clear breakout at the moment.
Personally I am taking $17 long term options for this ticker and wait.
Let's see how far it can run xD
#DYOR
~CHEERS
Falling Wedge BreakoutThis is a huge falling wedge dating back to 2017 on the monthly. This will be a long term wedge breakout play.
