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Gamestop

YOLO! THE CASINO IS OPEN.You Only Live Once! That's the sort of sentiment that's driving Gamestop north like nobody's business. GME share price rocketed only because a bunch of Robinhoods pumped it. Then some guy who builds rockets tweeted about it, and it moved madly more north than ever. Billions were lost by short sellers, and they then turned long joining a load of other late comers. Price when to 'the moon' and may reach MARS next stop - some say. 🤦‍♂️ There is nothing of fundamental value matching GME's share price. Market value has hit $10 Billion for what? Nothing. Robinshoods were quite open about it that they just got onboard, driven by FOMO and YOLO. There is much to be learned in this one. How? Because similar forces are driving the DJI and Tech indices in America. DJI current value exceeds true value by about 20 times. All of this madness was played out in the Dotcom bubble years ago. We know how it ends. We don't know when it ends. The beginning of the end, is right now. This is absolutely not a recommendation to invest in this stock. There is good educational value in watching this stock. New traders would benefit from having a shot, only on Tradingview's paper trading account.
NYSE:GME
by Captain_Walker
38
Gamestop: Is It an Act of Pump & Dump ❓The Game Stop share has been in a rally since mid of January. The last two days this stock rallied from 79.30 $ to 355 $ / share, this means an increased in value by 4.5 times or 348 %. Many analysts and investors they are insisting that there is an act of " Pump & Dump " which is illegal, and if anyone is found guilty of that will end up in Jail. One of the main drive of this hype is the social media communities such as " WallstreetBets ", and " Reddit " where traders are promoting this stock to pump it. As we know in " Pump & Dump " scheme , a group of traders make a huge amount of profits in a short period of time by holding a micro or small cap stock and try to pump it by convincing other traders to buy it, and once the buyers come in, they dump their shares and cause a huge drop in the share price. Now everyone is talking about this share, and curious of what will happen next. Currently, at this price level there is no much historical data to predict what's next. All we need to rely on to predict what's the next price might be, is to use the round numbers in case the price continued the upward movement. Let's see when this fiesta will end and if there will be any bloodbath after the rally ... ❓ ------------------------------------------------------------------------------------- Please press “Like” if you appreciate the trading idea 👍 “Follow” for more trading ideas in the future 👀 “Comment” below to share your thoughts with us and other traders 👥 ------------------------------------------------------------------------------------- Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
NYSE:GME
by CollegeofPips
14
GameStop - This Is Getting Amazingly Ridiculous So if you've been paying to the news/social media for the past few days you may have come across GameStop. That's right, GameStop is trending $GME, and the reason it's trending is even better. Gamestop has been hurting for a while now, and the pandemic has done nothing but crush their brick and mortar stores. GameStop is getting the same treatment from online video game downloads and streaming that Blockbuster got from Netflix. Without a change to their business model, they'll most likely end up under water. This is almost a slam dunk dunk stock to go ahead and short to profit on as the stock price goes lower. The problem is, that it's almost too much of a slam dunk stock to short. Gamestop had 65 million shares in total, and 55 million of those shares were shorts. That's roughly just over 84% of the shares are shorts, and much of these held by large financial institutions. The problem with such a majority of these shares being short, is that if for any reason the stock starts to increase, these shorts are going to end up getting squeezed and having to buy back the shares at a higher price, causing the stock to increase even more. A few investors began to take notice of this and realized a huge risk to reward potential. Perhaps the one that has gained the most attention, was Citrons Andrew Left who publicly called for shorting the stock. He ended up gaining an angry mob of Robinhood traders off discord and wallstreet bets reddit chats uniting against the institutions and forcing the shorts to cover. This is exactly why it's dangerous to short against cult loving stocks (Tesla, apple, and in this case gamestop). The stock is now up around 700% in the matter of days. Some users in the chats are claiming to have made millions. One trader apparently went all in and turned $53,000 to $11 million. We're curious to see how the institutions fight back on this one. TA: No surprise here, but $GME is extremely overbought. I would stay away at the moment, since we don't want to get squeezed against the mob, but obviously a short play will occur once the dust begins to settle, and these traders begin to secure profits. Feel free to give us a follow and shoot us a like for more analysis updates. Cheers! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise. Feel free to give us a follow and shoot us a like for more analysis updates.
NYSE:GME
by MannyLo
2
AMC -this is the next GME this weekAMC released incredible earnings! and the stock si being played by short-sellers with a short interest of almost 39M. WSB with the retail investors army is going to go big on this stock today and its already up 50% pre-market! we estimate that if this stock will get 15% traction of what GME got in the last few days, AMC will reach the second level of resistance at 15$. We are bullish on the stock regardless to the short interest and we are taking it high today !! The point of control on the volume is on 6$. Volume on the stock in average 3m: 53M current volume: Apx 160M trade safe ! Be safe
NYSE:AMCLong
by FDGT_academy
3
Can Stop? Will Stop? GameStop.story time: back in da day ur pal coinholio took some of da bix bugs ($5.00) profits from $NLS and shorted a lil company called game stop. needless to say, dem puts are now $0.01 on robinhood!!! wtf! i ask google what happen, how come i didnt make magic money time buying thems puts at $4.00 to $1.00? well it turn out dat lotta peeps had da same idea, see, when blockbusta went out of bidness, everyone be came an expert on things going out of bidness. so a buncha resmarted peeps who already knew this knew dat deems peep were gunna gunna buy da puts. big brain 4d chest. now we are at that time where peoples are expert again in the other way, tha stock went upps, so peeps think it go higher. i really was gonna become short again, but then i read some smart dd by soyboys on wall streets bets. they said that gamespot was gonna make their stores into COMPUTER SHOPS AND HAVE BUILD YOUR OWN PC !!!! =0 =0 =0 =0 needless to say, knowing dat gamestop was pivoting to da bidness model of radio shack and circuit city made me change my view, and now i am 100% bull. wahooo! after i become rich off this idea, im gonna find more cool advice on reddit by going to r/tinder and asking for profile tips!
NYSE:GME
by coinhoIio
3
GameStop (GME) doesn’t want to stop ! where is the next target?So the stock went PARABOLIC in the last weeks – starting with full ignition on the 13th of January. Stock needed to correct down which shows the motive wave is healthy and it is less likely to tumble down as we got a correction almost to the 50% line, so let's break it into targets : 1. Finish retracement at 31.50$ -the lowest we want to see the stock goes, below that means we broke to the 38 line – the red square in the chart. IF we get to the 38% line that means the motive wave is NOT an impulse wave ( strongest wave) and that the stock price can fall even further. 2. After accumulation has accord between 31.5$ to 35$, the stock needs to continue to the third stage of the motive wave and go up above the previous highest high breaking the 43$ price target. There we will see some correction happening and accumulation again – if it’s a healthy trend, and we will aim for the next target. 3. This target is a bit presumptuous but if our last target gets hit we are looking at big gains on Gamestop – the target is above 50 towards the 52$ mark. If the stock reaches this target we believe this will be a great exit point, as the price will need to correct a minimum of 30% down and we do not want to be there for that correction. Please keep in mind we analyze the market according to Eliot wave theory along with market cycle on something we call ‘Market Cycle Based Analysis’ which can be a bit aggressive at times but in this bullish market, we believe this analysis is more valid than ever! Be safe and trade safe!
NYSE:GMELong
by FDGT_academy
3
Will AMC do what GME did?One of the largest theater chains in the world took a beating with their financials due to this pandemic. If you are optimistic and enjoy the cinemas, you could think that with vaccines and a possible healthier post-pandemic world, where everything goes back to normal... that AMC can recover. Which is certainly why I have this in my long term investing portfolio. However this is very risky as they are on the brink of bankruptcy, a major business plan revision would be needed. Now... recently it was up nearly 7% Friday with no related news to the business... over 100 million volume came in (3-4x avg vol), this could be the pump situation that happened with GME and we could see a big move coming shortly so this gives couple lotto options that i would consider 1) Buy shares here, sell at the possible resistance I have on the chart or ride it up to my pt (medium risk: low reward) 2) $1C for 1/2023 now around 200$ (I'm already in, low risk: high reward leap) 3) $3C 1/29 .42 lotto or $5C 1/29 .23 (low risk: high reward) Disclaimer: Im not a financial advisor
NYSE:AMCLong
by jUiCE_Trades
17
A quick lesson about crowded shortsInteresting short squeeze on GME, and it could keep going. Up 90% in a single day that was something. I don't know what % float short number should start worrying bears, it depends, perhaps typically start paying attention above 10%, what is sure is that everyone mindlessly doing the same thing does not work out ever. 138% seriously? These guys are crazy. Asking for it. Perhaps they mostly use options so they don't care? I don't spend a whole lot of time on stocks but when short squeezes happen the % float goes down, this is how it was for Tesla, so clearly some people are covering, or not re-rolling, something is happening, not just MM adjusting. The Board of Directors had a change, and the price started dangerously going up, bears held the bag, and then got hit hard as happens so often, no one wants to cut losses quickly and miss out a winner, maybe they're under pressure from their clients, or just bad. Not missing winners doesn't make money, I don't get it it's obvious, "emotional" reptilian brains I guess... Also the price bottomed, then starts making higher highs and higher lows and S&P goes to ath, they don't care they just pile into the short. You don't do this you'll miss out but also you won't lose big as often. They'll find ridiculous ways to rationalize this "it's ok I had small position size" or whatever. Nah it's just bad. Shorting like a sheep and holding the bag. It's entirely possible WSB started pumping the stock to create a short squeeze. There won't be any investigation of course as price went up, investigations only happen when price go down. This business seems really bad, and going to zero, but till then people will throw money into the furnace for a while longer.
NYSE:GME
by MrRenev
9
[WSB] How To Trade The Actual GME Short-Squeeze #2Friends, as you already know, the GameStop Stock (GME) was recently picked up by the subreddit r/wallstreetbets. The theory and technicals, which led to our entry at ~$17, are explained in the previous idea i shared with you guys (linked below). The price respected the trendline (black) three times during this uptrend. We saw a retracement in the shape of a cup each time, followed by another breakout. The same thing happend before, while the price was moving in a parallel ascending channel (red). For whatever reason, the price pumped 57.17% each time. So we can say that the price of GME tends to move in some sort of patterns. Let's try to apply these patterns to the current situation and find the best possible entry for those who missed to pump or for those want to increase their position size. From a technical point of view, we would like to see the price re-testing the trendline. This usually happens during a pullback. Pullbacks occure after a strong breakout. Those who previously bought (f.e. in the past months) take their profit and new traders emerge on the market - the journey continues. We can see a new trend emerging, which might be moving more aggressive. Please be aware that during an actual short-squeeze, we see insane price-jumps and huge sell-off later. Please manage your risk accordingly. Let me know what you think about this idea! I would love to hear your feedback. cheers, Ares
NYSE:GMELong
by Anton_XBT
14
GME 1hour - WSB pump in actionPlease dont enter positions on this. Please. If you follow Gamestop, people have been pumping this for months, they've been loading calls and shares, and there is absolutely ZERO reason that this stock should be up 68% (at time of post) today on ZERO news. NONE. There is no catalysts except for new board members? You mean to tell me THAT causes a company that is actively closing stores to go up 68% on a random Wednesday in January???? This is a prime example of what it means when a group of traders (a large group) gets together and causes a stock to run). No. Im not buying it. Literally not buying it. NO OPEN POSITIONS and staying away entirely. I suggest you do the same. $GME $SPY
NYSE:GME
by BradWeber82
40