Pattern Repeating As long as 13 holds we should see a good bounce, if 13 fails then it might be jover for a short term squeeze. Next week should prove interesting if it does hold, should see at least 16 and possibly new ATH. 84%+ short(mostly below 12 dollars) , very low float.
GME remains above the upper trend line has has tested it twice so far. Volume remains low and liquidity is tight. Its also becoming increasingly clear that the DTCC did not provide shares per the stock dividend to all brokers. Particularly overseas brokers. This is a problem because as soon as this runs the there is a question on if the DTCC will honor...
It popped just above the 300 DMA which is currently also the upper trendline of the Jan 21st 2021 doom dorito. No targets, just up.
Bull Case remains, I am hopeful the Doom Dorito will finally break up First full week after the split next week. Multiple brokers from around the world have yet to deliver all shares saying that shares could take up to another 4-5 days to be delivered. FTDs have been increasing from June that are coming due now, will be interesting in seeing the next release on...
Very bullish with the 4 to 1 stock split along with 2-3 million in FTD's coming due this week after t+35, and very high borrowing costs. This might be the perfect storm to break the Doom Dorito for the first time ever.
Timeline is now set to July 22nd. Who will be the first to give in and buy back their shorts? They might survive. All shorts to be called in. 200 MA is at 145 above 160 is where it gets nutty. Would like to see a full 1-2 closes over 160 and after that we should start seeing large margin calls come in.
My very simple analysis. Above the 420(nice) looking like further bounce Below 404, base not found. free fall.
Up 25 dollars after hours. Its time 4+ million shares for tomorrows expiry alone after 200 dollars. these are not hedged much at this point.
We finally closed above the June 10th Downtrend on 2 days of the lowest volume in the last 12 months. No one is selling. Last time we closed below 200 was May 24th, a full month of 200+ price action. NFT news release soon? Some people seem to think so.
Very promising to see a green day after moving to the Russell 1000, normally stocks drop as has been repeatedly by MSM for the past 2-3 weeks. Large violation of the June 10th downtrend, closed lower but tomorrow it opens above the downtrend. A further sign of a large uptrend is a sustained push over 230 and especially a close over 230. Russell monitoring's...
Daily RSI is showing that its about ready to bounce off its own trendline. Russell rebalance at end of day. T-21 pushed to today due to holiday. NFT release date July 14th(speculation) 200 is strong support Possibility that GME regains log trendline in next few weeks? Sorry haven't posted for a bit, was waiting for GME to settle down for a good place to...
Major Price action today, drop (with gap down) hitting a low of 211, and closing today at 220. After hours is up slightly to 230 which is pretty interesting. The thought is with the higher volume day at 22.7 million is that Gamestop sold all or most of the 5 million shares they announced they could sell yesterday. The last time GameStop completed selling 3.5...
Alright guys, confirmed amount of "normalized" voting shares released via the 8k is 55 million. Is this the number of shares that actually voted or is outstanding? NO. Gamestop cannot report a number higher then the issued share count. Based on the number of mostly foreign brokers that blocked voting and brokers that allowed voting and advised only a fraction...
Tomorrow is the the shareholder meeting Further tomorrow is 10 trading days from the initial spike from 180 to 210+ from May 25th The previous spikes were> January 13th we had the spike to 25 dollars~, then 10 trading days later we had the spike from 150 to 483 February 24th we had the spike from 38 to 80 dollars, then 10 trading days later we had the spike from...
Just a quick update with some notes. Long trendlines are holding, log scale remains intact and gap up fills before 2 gap downs. we gucci Good luck and hang in there.
Yesterday was the highest close since January 29th with today being a second close in a row over 250. At this point being so close to the 9th, there is a large portion of people waiting for that all important answer to the only question that matters. How many shares voted in the shareholder meeting? We will find out next week and while I have enjoyed this...
OBV confirms move upward Next major step in the breakout is 300 and 350 which was the previous high before the death drop to 170. Large amounts of calls are coming ITM is only going to push this stock further up. Get ready for those margin calls that should start happening Friday/Tuesday. PS, if you see news that "shorts" have lost 6 billion dollars or...
Broke 196! GME highest it has been in 3 months! AH higher then close! This is GME with zero momentum, just wait until it gets going. Woe to any shorting GameStop at this point.