Get started
GameStopGameStopGameStop

GameStop

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Options

GME trade ideas

The Boulevard of Broken Dreams. Pump and Dump Part IIRecently we watched in the news the resurrection of the "Meme Stocks" frenzy and the "Roaring Kitty" username. Those who witnessed the first surge in stocks like NYSE:AMC , NYSE:GME , NYSE:BB , etc., remember those were basically a "Make me Rich quick" kind of event, they were known as "Meme Stocks" because it all started as memes by a group of traders in internet forums who allegedly went against the Wall St. Hedge Funds who were heavily invested in shorting these stocks, by buying all at the same time and triggering a strong short squeeze. Well, this event was the hope for this group of traders who saw the opportunity to pocket huge profits in a short time frame, and it gave them the sense of power against Wall St. That time these stocks were heavily shortened, and they were prone to an aggressive short squeeze, not only from these member of the meme stock traders, but by professional traders. At the end of the day this group of stocks spiked, the people took profits, they left the market, some richer, some poorer, and others as bag holders. All these stocks faded along the time and some even went bankrupt. This event was imprinted in the memory of those hoping that this could happen again, but most amateur traders don't take the time to actually learn to trade, they ran with the rumor again after a fuzzy post by the "Roaring Kitty" and they just grabbed whatever was being mentioned in the forums. This time however it was very different. Their behavior was predictable and the professional traders already had a plan in advance, to short the spike. The small buying power of the meme stock traders plus their inexperience in swimming with professional sharks just turned them into an easy morning lunch. The rumor, action and shorting cycle was very fast. In the chart we can see outstanding profits in the order of hundreds of percentual points. But if we take a look at the short sale volume, we notice that the spike was immediately extinguished. The #VolumeCandles feature of Trading View is an excellent tool to visually pinpoint the development of this pump and dump event. In the chart I added some more stocks which were rumored in the forums, NYSE:GME , NYSE:AMC , NASDAQ:KOSS , NYSE:OKLO , NASDAQ:FFIE , NASDAQ:GWAV , $CRKN. The symbols used to display the short volume were: FINRA:GME_SHORT_VOLUME FINRA:AMC_SHORT_VOLUME FINRA:KOSS_SHORT_VOLUME FINRA:OKLO_SHORT_VOLUME FINRA:FFIE_SHORT_VOLUME FINRA:GWAV_SHORT_VOLUME FINRA:CRKN_SHORT_VOLUME All of them have the same pattern, Rumor in the meme stock forums Frenzy buying Immediate huge short volume The takeaway of this presentation is, never fall for what others "rumor" in forums, trade following your own system, your money and your profit/loses are just yours, so the responsibility to plan your trade. Buying and selling shares in the stock market is very easy, trading is not, and they're definitely not the same. #LearnToEarn.
NYSE:GMEEducation
by Madrid
4
GameStop Stock Evokes Dreams of Rocket Ships and Diamond HandsShares of the video game store tested retail traders’ survival skills. But the meme stock madness also bamboozled the pros. In the span of just a few regular trading sessions, with some stomach-churning pre-market action in between, GameStop once again made headlines. Roughly three years ago, Keith Gill — known as “Roaring Kitty” on the internet (mostly Reddit) — triggered a huge rally in the shares of a little known video game retailer called GameStop NYSE:GME . The Hidden Gem Roaring Kitty took a big long position in GameStop for his belief that it was a company with a lot of potential. And at the same time, he blamed the big bad hedge funds for keeping a lid on share-price growth by shorting the living thing out of it. Mr Kitty’s thesis caught the attention of fellow retail traders on Reddit’s r/WallStreetBets chat board, a place where self-described “degens” exchange fast-churning trading ideas. Soon after, shares were flying high, riding on gains of more than 2,000%. GameStop was set free and institutional investors got smoked. These were the good old days of speculative pumps and the absolute power of like-minded individuals seeking the thrill of quick profit and adrenaline rush. And — it seems — we’re back at it again with the meme stock corner going fully bananas. Roaring Comeback Roaring Kitty’s X account switched the lights on after three years of silence. In a rather vague post, he published a drawing of a man leaning forward . Boy, did that get understood in all the possible ways. Shares took off by as much as 75% a day after that post went live. A breakneck rally went on for a few more days, evoking dreams of rocket ships and diamond hands. A week later, none of that is there anymore. Shares are not only back where they were before the surge — they’re doing worse. The rollercoaster ride lifted the stock from $20 on Monday to $80 on Tuesday, a 300% pop per share. By Friday, shares had briefly dipped below $20, pulling off a boomerang move and erasing 75% from the stock’s weekly peak. And, this is how GameStop tricked retail investors into believing that this the GameStop rally 2.0. But, before that, it smacked professionals with huge losses on the way up. Same Old, Same Old Professional money managers had borrowed about 30% of all shares outstanding for — you guessed it — shorting purposes. The thing with shorting a stock, i.e. profiting from its decline, is that if you’re wrong, you can be wrong until your account is wiped out because shares could rise indefinitely. GameStop short sellers were ironed out. They lost more than $2 billion in just two days, according to data analytics firm S3 Partners. “After being down $862 million in mark-to-market losses yesterday, NYSE:GME shorts are down another $1.36 billion in mark-to-market losses today,” S3 Partners’ Managing Director Ihor Dusaniwsky commented on X . If only there was some similar experience in recent history that would inform hedge funds: Not to bet on a red-hot stock, popular among the retail crowds, because you’ll get burned if they come after you with a short squeeze. Not to bet on a red-hot stock that’s thinly traded, because you won’t be able to easily get rid of your short position that’s draining your funds. After all, they did make a movie ( “Dumb Money” ) about shorting GameStop. Yet, “smart money” did it again. Professional hedge funders weren’t the only ones to get knocked. What Goes Up Must Come Down The retail trading army on Reddit and X lost some serious cash, too. Just when shares were going in the other direction. Redditors on r/WallStreetBets initially cheered the first rays of the powerful upside swing. This sparked hopes of a revival before these same guys started flooding the board with screenshots of mounting losses as shares were nosediving. What Happened and Why the Fast About-Face? Other than the super frothy state of the highly inflated stock, what helped shares come back to earth was GameStop’s securities filing to sell some equity. Apparently, the C-suite of the video game store figured they could ride out the surge and issue up to 45 million shares that would dilute the number of existing shares by as much as 15%. In another price-damaging filing , GameStop said that it expects net sales for the current quarter to land between $872 million and $892 million. The forecast is well below last year’s $1.237 billion and the consensus views for $1.045 billion. With that said, GameStop shares are still in the green for the year, following the head-spinning trip to the moon and back. So, until next time? We Want to Hear from You! Let us know about your experience with that volatile beast! Do you own shares, when did you buy, and are you optimistic about the future of GameStop?
Editors' picks
NYSE:GME
by TradingView
30
GameStop adds $800+ million in fresh capitalAt one point this week, GameStop was up some 265% from Monday to Wednesday. That's 48 hours of trading, up 265%, and on rather large sums of volume at a $10+ billion market cap. This is real money, fast money and that's why it's hard to ignore such price action. While many traders made and lost money on this hype trade, there is one group that played it brilliantly: GameStop itself. Once the dust had settled, GameStop announced a new shelf offering to sell some its share to add cash to its balance sheet. How much cash? They now have the right to sell up to 45 million shares and at $20 per share, that's $800,000,000 in new capital to shore up its balance sheet. $800 million. If the shares go back on the move, that number could easy go back above $1 billion. So who won after the frenzy was over? GameStop. Their balance sheet is about to get that much stronger with the latest cash infusion.
NYSE:GME
by scheplick
2
GME The Bull Case it's starting to feel a little Squeeze!There exists a short term and long term bullish case for GameStop. Fuelled by the last short squeeze this company has a strong cash position thanks to investors buying up new share issues and is poised to begin turning a profit in its retail division thanks to store closures. Patience may be required to see these consolidations begin to take effect and the company is likely to post another loss during earnings season. Potentially 70% of the float are currently being held by insiders, institutions and a community of angry APES who refused to go away. One source says this community of Apes has switched shares to the Direct Ownership category effectively blocking 28% of the float from the hands of the short sellers. Yet, for some reason as of the end of April short interest was 27.73% of the float. This development if true is unbelievable. What we might be witnessing with substantial increases in volume the past few weeks is the beginning of round 2 of this David vs Goliath battle. Unable to yield to the power of the community these brazen hedge fund managers have set themselves up to be taken down yet again. If the bullish falling wedge breakout indicated by the circle plays out we’re about to see a spike higher soon. I’m in and it’s on like Donkey Kong!
NYSE:GMELong
by WavesPatternsCandlesIndicators
2
GameStop’s Stock Price Plunges About 20% After Meme Stock Surge GameStop's stock ( NYSE:GME ) price dropped about 20% after a meme stock surge by investor Keith Gill. The company announced plans to sell new shares and lower its sales forecasts, causing the stock to fall back to Earth. GameStop ( NYSE:GME ) now expects first-quarter sales to range between $872 million to $892 million, significantly lower than the $1.24 billion it made in the same quarter last year and below analyst estimates of $1 billion. The video game sector has lost steam since the start of the pandemic, and there are no near-term catalysts in sight for GameStop ( NYSE:GME ). Analysts believe that the issuance of new shares makes sense, as it raises the company's cash reserves while sales continue to fall. However, they remain pessimistic about its long-term future. Michael Pachter of Wedbush believes that GameStop ( NYSE:GME ) cannot "save its way to prosperity" and expects the mix of software sales to continue to shift to digital and away from physical. He believes that GameStop ( NYSE:GME ) will see continuing sales declines next year as well, and the company must deploy its cash productively or hope to issue more shares at elevated levels to forestall the inevitable. The surge in GameStop shares ( NYSE:GME ) came after Gill resurfaced online, posting an image of a man sitting forward in his chair, a meme that gamers often use when things get serious. Since the earnings preannouncement by GameStop ( NYSE:GME ) and the company's decision to sell additional shares, he has posted 17 additional memes, indicating he plans to continue supporting the company.
NYSE:GME
by DEXWireNews
6
$GME: Where to Next? $100? 🚀Hi everyone, Here's a quick update on $GME. We started yesterday at $64.74 and dropped sharply to $31.11 but managed to hold the 0.382 Fibonacci level. If GME can break above the 0.236 level at $41.72, we could quickly rise to $64, potentially closing the gap at $74 and even reaching as high as $100+. Our MTTSA indicator predicts a significant upward movement, as the daily is about to cross the monthly. Downside targets: If we lose the 0.382 level, the next target is the 0.5 Fibonacci level. If the price falls and closes below the hourly on the MTTSA indicator, expect it to seek support at $25.42. There's also very strong support at the monthly level alongside the 0.618 Fibonacci level. Conclusion: GME has been making higher highs and higher lows. As long as it stays above the $31.72 level (0.382 Fib), this uptrend should continue. With the daily set to cross above the monthly, we anticipate a significant rally—similar to the impact seen when the hourly crossed the monthly.
NYSE:GMELong
by SierrasTrades
GME: Continues To Hold the Bullish 0.886 Position and 200-SMAThis is a little bit of an update and reminder that GME is still holding above the 0.886 retrace and the 200-month Simple Moving Average with Hidden Bullish Divergence within a Falling Wedge. We've held this level for months and it still appears that it can Bullishly Breakout of the wedge at any time, which should lead to some extreme upside between $60, all the way up to 134.77. But given how long it's been I'd say on a shorter term timeframe basis, just to be safe, $25 would be the first profit taking target. It is also worth noting that on the monthly GME confirmed a Bullish Morning Star after the test of the 200-Month Moving Average.
NYSE:GMELong
by RizeSenpai
1
#GAMESTOP IS NOT GOING TO STOP!GameStop Corp (#GameStop) video game store chain shares soared by 46% during Monday's trading on the New York Stock Exchange (NYSE), reaching $25 . The surge didn't stop there, as on Tuesday the price reached up to $60 per share! Wednesday opened with a sudden downward gap, but by the end of the session, the price confidently recovered to $40. What will happen today? The rollercoaster ride repeats itself with this stock after the sudden return to social media by YouTube streamer Keith Gill, known as Roaring Kitty. He posted a mysterious message on the X service (formerly Twitter), showing that he's always in the know. Gill's post garnered over 8 million views within hours of its late Sunday posting, marking his first post on the account since June 2021. The surge in stock prices led to a so-called "short squeeze" - a situation where investors betting against the stock and opening short positions are forced to buy stocks as their prices unexpectedly rise, contrary to their expectations. This situation further fueled the rise in shares, which appreciated by hundreds of percent. As a result, funds betting against the company's stocks lost billions of dollars. Giacomo Pierantoni, Head of Data at Vanda Research, stated that the overwhelming majority of demand for shares now comes from retail investors. It seems that, as in January 2021, investors are betting against those shorting GameStop Corp (#GameStop) shares, notes MarketWatch.
NYSE:GME
by Fresh-Forexcast2004
1
GameStop short squeeze again?There’s a potential gap fill at the open on Monday below, but there’s also 2 gaps above current levels. A head and shoulders top breakout suggests the PTB are likely to quickly mount a pullback to pre Monday gap levels… with 20% short interest if enough retail players get onboard again we could see another round of squeeze and hedge fund blow ups. The falling wedge seen needs to breakout for the squeeze scenario to have a shot at playing out. It’s unbelievable that the shorts are back on this stock and have been called out again by Roaring Kitty.
NYSE:GMELong
by WavesPatternsCandlesIndicators
6