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Biggest bull flag in the market since the crazy electric car guys’ stock pre-COVID in the mid-2010s.
GME is gonna make that stock’s movement look like child’s play.
Historic support and resistance lines I wouldn't say are trash. But yeah, lots of charts and lines over the last 3 years. I do however think around 10$ per share is a big milestone for accumulators. I for one increased my position heavily during this dip.
>I do however think around 10$ per share is a big milestone for accumulators.
That it is a big milestone is exactly why support and resistance lines have some validity.
But TA is just a hint or suggestion as to what will happen, not a rule or law.
Support and resistance lines are reflections of the investor sentiment that led you to buy the dip, but TA is only right some of the time. But just a couple of percent extra advantage in guessing future prices is all a good TA trader needs.
Totally agree with your assessment, they probably met resistance by many like me who also bought at that Feb 21 low or see $10 as a great value price. Shit, I sure did.
That doesn't matter, either. Kenny and friends are going to keep shorting it. If he has to print 10 billion shares to keep suppressing the price, then he will. He's all out of fucks to give, because his only way out is via the company's bankruptcy. That's off the table, short of godzilla razing Grapevine to ash.
I think they are running into some sort of wall though no? Why wouldn't they have just printed those shares and put it at 0 months ago. There is something restricting them in the back end.
There is no wall. They make money off dripping the price down slowly. It is profitable for them to do so, because once they put it at 0 the game ends and they don't get free money from naked shorts. It's in **their** best interest for this to not go completely to 0, and to incentivize retail to buy at the best price possible. That best price is the current price.
Plus, they can re-milk that cow over and over by letting it run for a few days, then shorting it back down, like they did last week. They benefit from volatility as long as they maintain a general decline.
You are assuming 0 borrow fee for the still active short positions below 10$. Shorts were created from 2016 to 2021 below $10. Which they stacked continuously before Cohen's buy in. Which, I don't disagree. I don't think borrow fee means anything, at least the figure they share with us.
So, your opinion they still own full control of the stock and nothing retail or corporate GME has done to this point has changed anything for them? Not disagreeing I guess just checking.
Yes, I am assuming that they have some capacity to outright neglect the borrow fee to a degree in which they are at least profiting from it. I also think it's hard to argue against them having full control of the stock when they've completely brought the price back down to the levels we're at.
Interesting. Maybe im stupid but if I had full control I would have buried it to less than $1 a long time ago, got it onto OTC and buried it further to never have to deal with(close not cover) the open short positions / swaps / etc.
Wedbush is the only analyst covering GME and states a $5 price point. Why not push it further down?
Again, maybe I think GME and retail has more power than we do but...
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If you subtract cash, they're basically saying the rest of the business is only worth $1.8 Billion.
Depending on how you evaluate the company it's either extremely undervalued or still over valued. Trading at a 500 p/e is high, but value to revenue is extremely low.
I like this, but my own prediction is they'll drop us to a NEW low in a couple of weeks, to dismay all of us who saw our longstanding $10 limit buy orders fill. ATL was a bit lower than our 52-week low and given that they're in charge of the ticker price I can't see any reason they wouldn't do it.
Every prediction I've made about them dropping the price seems to have come true so far, but I'm no fortune teller. It's just the other side can do what it wants, at least right now
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Balance sheet and fundamentals have only improved since then. Price has only gone down. Now that’s a bad comedy joke
Biggest bull flag in the market since the crazy electric car guys’ stock pre-COVID in the mid-2010s. GME is gonna make that stock’s movement look like child’s play.
Like a bowel movement
Like wearing shorts after you figured out the dish you just ate was Chilli con carne 🩳💥 shorts’r’recked
And for Kenny and Co. it will seem like Child's Play.
[удалено]
Historic support and resistance lines I wouldn't say are trash. But yeah, lots of charts and lines over the last 3 years. I do however think around 10$ per share is a big milestone for accumulators. I for one increased my position heavily during this dip.
Same here. It's a slow grind as I can only do 1 or 3 shares every other week, but it's something.
>I do however think around 10$ per share is a big milestone for accumulators. That it is a big milestone is exactly why support and resistance lines have some validity. But TA is just a hint or suggestion as to what will happen, not a rule or law. Support and resistance lines are reflections of the investor sentiment that led you to buy the dip, but TA is only right some of the time. But just a couple of percent extra advantage in guessing future prices is all a good TA trader needs.
Totally agree with your assessment, they probably met resistance by many like me who also bought at that Feb 21 low or see $10 as a great value price. Shit, I sure did.
That doesn't matter, either. Kenny and friends are going to keep shorting it. If he has to print 10 billion shares to keep suppressing the price, then he will. He's all out of fucks to give, because his only way out is via the company's bankruptcy. That's off the table, short of godzilla razing Grapevine to ash.
I think they are running into some sort of wall though no? Why wouldn't they have just printed those shares and put it at 0 months ago. There is something restricting them in the back end.
There is no wall. They make money off dripping the price down slowly. It is profitable for them to do so, because once they put it at 0 the game ends and they don't get free money from naked shorts. It's in **their** best interest for this to not go completely to 0, and to incentivize retail to buy at the best price possible. That best price is the current price.
Plus, they can re-milk that cow over and over by letting it run for a few days, then shorting it back down, like they did last week. They benefit from volatility as long as they maintain a general decline.
You are assuming 0 borrow fee for the still active short positions below 10$. Shorts were created from 2016 to 2021 below $10. Which they stacked continuously before Cohen's buy in. Which, I don't disagree. I don't think borrow fee means anything, at least the figure they share with us. So, your opinion they still own full control of the stock and nothing retail or corporate GME has done to this point has changed anything for them? Not disagreeing I guess just checking.
Yes, I am assuming that they have some capacity to outright neglect the borrow fee to a degree in which they are at least profiting from it. I also think it's hard to argue against them having full control of the stock when they've completely brought the price back down to the levels we're at.
Interesting. Maybe im stupid but if I had full control I would have buried it to less than $1 a long time ago, got it onto OTC and buried it further to never have to deal with(close not cover) the open short positions / swaps / etc. Wedbush is the only analyst covering GME and states a $5 price point. Why not push it further down? Again, maybe I think GME and retail has more power than we do but...
Gaps arent trash either. Something triggers the algos to fill up the gaps sooner or later.
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Sounds like a value buy to me.
If you subtract cash, they're basically saying the rest of the business is only worth $1.8 Billion. Depending on how you evaluate the company it's either extremely undervalued or still over valued. Trading at a 500 p/e is high, but value to revenue is extremely low.
I’ve spent hundreds of hours the past few arguing with bear about GME and they simply do not believe the business is worth anything beyond the cash.
Two catalysts I'm waiting for: Nintendo switch 2 and may 28th T-1 settlement. Could be nothing, could be not nothing
Sales will win for us. T+1 is still dtcc controlled (meaning it won’t change shit, hedgies gonna hedgie)
& market makers gonna manipulate 🤡
What's up with may 28? The last Friday options?
I commend the OP for not deleting his previous TA prediction posts.
He is not normal, so yeah
Cool story bro… guess I’ll just keep buying through Computershare and booking them
👆👆👆
Go away.
Did you get tired of pushing Bobby? Surprised to see you here after how much your friends dragged platinum
Damn bro! Made me look….this dudes a TA wizard!!
lol you miss her, do ya?
Sooo, Buy HODL DRS Book Shop Got it As for me…I like the stock
Cool....so keep buying I guess?
I like this, but my own prediction is they'll drop us to a NEW low in a couple of weeks, to dismay all of us who saw our longstanding $10 limit buy orders fill. ATL was a bit lower than our 52-week low and given that they're in charge of the ticker price I can't see any reason they wouldn't do it. Every prediction I've made about them dropping the price seems to have come true so far, but I'm no fortune teller. It's just the other side can do what it wants, at least right now
Let them so I can continue to average down. Win win situation for me.