[UPDATED] CDPROJEKT short position changes and insider tradingThis chart shows recent changes in short positions by 5 funds currently shorting GPW:CDR and how these changes likely affect the stock price.
GPW:CDR short positions in KNF Short Selling Register stand at 3.37% as of June 2nd 2021.
The significant stock price increase despite raising short positions possibly indicate a start of a short squeeze. It's also worth to note that Short Borrow Fee Rate (%) on OTC:OTGLY spiked to 8.09% on 4th June from 4.78% on 6th June, currently high at around 7.74%.
Volume Accumulation Percentage Indicator (VAPI) also gives a BUY signal.
Note: This chart is based on the KNF data and ESPI reports. KNF short selling register reporting requirement starts from short selling position of minimum 0.50%.
Sources:
- rss.knf.gov.pl
Note: The information is not intended to be and do not constitute financial advice, investment advice, trading advice or any other advice or recommendation of any sort.
OTGLY trade ideas
Recent CDPROJEKT short position changes and insider trading
This chart shows recent changes in short positions by 5 funds that currently short GPW:CDR and how these changes likely affect the stock price. Arrows indicate the period (day from start until the end of the arrow), they don't point the actual event.
GPW:CDR reported short positions in KNF Short Selling Register stand at 3.04% as of 27 May 2021 and this chart is based on the same KNF data and ESPI reports. KNF short selling register reporting requirement starts from short selling position of minimum 0.50%.
OFE Aviva Santander also recently purchased 115,329 shares, but I'm not sure exactly when. If you have more information, please share.
Sources:
- rss.knf.gov.pl
- stooq.pl
- www.bankier.pl
OTC:OTGLY
Note: The information is not intended to be and do not constitute financial advice, investment advice, trading advice or any other advice or recommendation of any sort.
CDR is moving in 160-day cycleAfter bad earnings we gapped down by 7%, I'm not expecting that this is the end of fall due to momentum. If cycle will react once again we can expect low between 14'th of June and 5'th of July. Basing on previous structure level 87-125 seems to be good level to go long and wait until next game release. ;)
Disparity index (13) on level -0.30 should be nice confirmation for long.
Recent CDPROJEKT short position changes and insider tradingGPW:CDR short positions in KNF Short Selling Register equal 3.04% as of 27 May 2021.
OFE Aviva Santander also recently purchased 115,329 shares, but I'm not sure exactly when. If you have more information, please share.
Note: KNF short selling register reporting requirement starts at 0.50%
Source: rss.knf.gov.pl
OTC:OTGLY
Hitting support line soon. Bounce back possible.CD Projekt Red was trading perfectly in the downwards channel.
Interesting spot will be at ~141 PLN. Intersection + Support Level.
Major bounce back possible:
Earnings at 22nd April will be best earnings of company's history
Short Interest is currently very high (51%). When shorts get covered there will be a big impulse.
Cyberpunk DLCs and addons in the making
Possible Multiplayer of Cyberpunk
Witcher Franchise gets extended
Earnings at 22nd April will be best earnings of company's history
$CDR EWT Analysis - The dip has bottomed?$CDR making it hard for traders with its recent price action. The most obvious would be to call the 5-wave down from B an ending diagonal, but $CDR could potentially face more downside in the coming months since they have a Class-Action Lawsuit on their hands (and maybe other lawsuits on the way). The earnings report coming out in March might also be a flop because of the refunds and removal of CP2077 digital copies from online stores.
Consider the following chart as an alternate EWT wave count before buying the dip.
CDPROJEKT is still getting shorted but it's a great dealThe company reported solid results including high sales of Witcher 3 in 2020, likely related to the popularity of Netflix series and more Witcher games will be released in 2021 (The Witcher Monster Slayer, Next-Gen Update). The company continues to very actively release patches for Cyberpunk 2077, where HOTFIX 1.21 fixed most of the major outstanding issues (source: www.cyberpunk.net).
Lack of rebound of the CDPROJEKT stock price after dividend announcement is likely result of short positions by:
1 Egerton Capital (UK) LLP
2 Marshall Wace LLP
3 Eminence Capital, LP
4 Citadel Advisors LLC
Source: rss.knf.gov.pl
Commencement of buyback of company shares will probably soon follow.
Given the solid 2020 results with fantastic net profitability, solid pipeline of game releases in 2021, great progress in fixing Cyberpunk 2077, this stock look like a great bargain.
CD Projekt - Long + 45%Is CD Project the Phoenix among stocks?
CD Project (the Polish game developer) has become known in the past especially for The Witcher games. But since December 2020, the share has been falling steadily further and further. This is mainly due to the release debacle of cyberpunk 2077. Actually, this game was supposed to be revolutionary and break all records. The hype within the community was almost boundless. However, the game has been struggling with partly serious technical problems since its release. In addition, the company was also the victim of a hacker attack. Despite the many complaints, CD Project has already made a considerable amount of money with CP2077. Especially the figures of the Annual Report of 2020 anything but bad. Nevertheless, the damage to the company's image seems devastating. The share price doesn't seem to find a bottom at the moment, making it difficult to locate a suitable entry point. In the short term, I would therefore advise against an entry. In the long term, however, a suitable entry point for a first purchase could come soon. The Witcher games, in particular, are still selling particularly well years after release and are steadily bringing in money. Potential investors should therefore continue to follow the development of the game and accordingly wait for a suitable entry point.
Long Term min. 60% profit opportunity in CDPROJEKTDO YOU OWN RESEACH, THIS IS NOT FINANCIAL ADVICE ONLY MY OPINIONS: Price of CDR has significantly dropped since launch of Cyberpunk ~64%. Financial status of company is very good, they have GOG.com as cashcow and even sold Witcher again after Netflix serial so many years witcher will continue to sell (new RTX version is coming) I am sure they are already working on Witcher 4 You can see in their last presentation about how they will improve project magement and quality management that they will share the same works (sharing resources, game mechanics, core assets, work flows, algoritms etc.) btw Witcher and Cyberpunk. In my opinon this is a good long term signal as for me their mistake in cyberpunk is bad project and quality management for such huge scope of work and improper allocation of resources and prioritization (they allocated too much for art work instead of core mechanics) among so many features it looks like they are searching for "root causes" and implementing long term solutions)They don't hide they are working on witcher but only announced the enchanced graphics version for RTX. Everyone was worried about Cyberpunk refunds it looks like 500k copy (cdprojekt claim less but they count only their own, you should add xbox and other pratform refunds). But compared to 14M copy sold, 0.5 M refund is ok for me :) They have allocated 51M $ for all refunds in their budget, for a undervaluated 5B company 50M is nothing in my opinion. It looks like cyberpunk did not financial hurt the company but lost huge reputation. So the price driving factor will be not technicals but rumors and news. Cyberpunk news are contnuing and it looks like PR is very active, soon a good news can break the price upwards. They dont give up the game, they are fixing and releasing new DLCs, I believe the next price breakout will be when cyberpunk will be accepted back to playstore and there are rumors about offering dividend (a lot of selling disappointed polish people are in goverments old people with less technology knowledge and dividend yield can be a good carrot for them, for me dividend is not an attactive (5% profit divident profit compared to potential 64% price increase). As soon as rumors about witcher 4 price will skyrocket. But in their last presentation they said Cyberpunk hype was their mistake to increase expectations too much so next time they will not announce games too early. Means better buy now at the dip sell when playstore accepts cyberpunk back and then repeat the next dip and sell when witcher 3 RTX and 4 is announced :) But eventually current price point is good ffor long term investment and even some short term "buy the rumor sell the news" possibilities. (look at recent price jump to 240 :) people are waiting for a small sparkle of hope :) They also have some other games coming (VR, gwent card game etc.) but they will not have such dramatic impact like Witcher and Cyberpunk (they are already and will be cult titles like lord of the rings, dragonlance, dungean and dragons, warhammer and live many many years to come). Ok, cyberpunk player numbers look declining but in their latest patch people noticed in game files some potential new content for new dlcs (CDR already announced but no dates and names given), they already support mods (like GTA 5 so players will continue to experiment the game and amazing nightcity content) and there is a core player base from Cyberpunk lore.
Possible Bounce Back at Support LineSupport Line will be hit soon.
Major bounce back possible:
Earnings at 22nd April will be best earnings of company's history
Short Interest is currently very high (51%). When shorts get covered there will be a big impulse.
Cyberpunk DLCs and addons in the making
Possible Multiplayer of Cyberpunk
Witcher Franchise gets extended
CD PROJEKT RED - Long-term analysisHi everyone, I did some research about CDR, lets talk about current situation with this company
As you know, dump is caused by:
-Cyberpunk 2077 fail
-Hacker attack
Why do i think this stock will be bullish in (distant) future:
1) CDR bought Digital Scapes - gives possibility to work better with Americans
2) Respected by many famous people like Elon Musk (CDR has also 1M followers on twitter )
3) Good marketing - trailers etc.
4) It cant be worse - in my opinion there cant be next dump, this company had too many fails in a short term.
With each announcement of an upcoming game, the stock price goes up
I think its a good investment if you want to earn around 80% more without stress
CD Projekt hits support and trails backCD Projekt hits support after bearish sentiment about the strategy for upcoming year and starts to trail back.
1.2 patch release was welcomed warmly on PC. The patch release on Stadia and Sony will be a turning point in Sony's decision whether to allow Cyberpunk back on their game store.
In conjunction with t he upcoming Earnings Call, free add-ons to Cyberpunk and plans about Witcher 3 should help revert the downward trend.
I am bullish long term in company's ability to regain trust of shareholders (6 months +)
Entertainment purposes only.
CD Project - MID / LONG term Bullish scenario Hi traders,
Please consider this analysis as pure speculation (as always) :D .
Using elliot wave theory, it seems loke we are wery close to řth wave of A corrective wave ? So retracement could take as to Point of COntrol (Blue line around 21 USD).
Also we can see positive konvergence of RSI and MACD.
Trade safe, always consider risks and use stop-loss (unless other strategy work for you).
Enjoy ;)
CDR longAfter series of screw ups (botched Cyberpunk release, hacker attack, delayed patch) we might get a double bottom and bounce off 200W EMA (which conveniently also happens to be the area of W support). Also, we are still under long term monthly support. I have a feeling this might be the bottom for CDR's very poor performance and only way from the bottom is UP. And if I am mistaken, well... there is pretty clear SL which is very tight. I like this R:R.