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Gamestop

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
GME [GameStop] Possible Short SqueezeFor the last few weeks, GME has been on both retail and institutional investors' minds, but for different reasons. Today, the pre-market price has broken through a very important resistance line, signaling a further increase in the stock's price. Institutional investors are overall net short on GameStop, rightfully so. In the age of digital distribution of software, there's little room for physical distribution. However, GME has come in the picture for retail investors on the hopes of a short-squeeze happening soon. A short-squeeze occurs when the market, which is short, has to buy back their shares to cover their losses, thus increasing demand/price of that particular stock. See investopedia for more info. It might be a self-fulfilling prophecy, since retail investors hope to catch the ride early and therefore increasing the stocks price, which in turn leads to institutional investors buying shares to cover their short positions. The main resistances on the mid-term are located at Resistance 1 and Resistance 2, around $32.50 and 47.50 respectfully. Consider taking some profits around there.
NYSE:GMELong
by FieryTrading
5
Wait until Friday before $GME RiskFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I expect GameStop to have a negative earnings call tomorrow. This will lead to a bearish dip, which makes me inclined to say, wait until Friday (probably around the hours people shorten) or afterwards to buy this stock. Don't try getting it before the potential dip if you want to profit off GameStop. I could be wrong, but many many people are objectively expecting a bad earnings call.
NYSE:GMEShort
by gamer456148
2
Long Gamestop Inverse Head and Shoulders GME Fail Neckline BreakGamestop is set to rally ahead of earnings . Gamestop has never been this cheap since 2003 and it is has a much stronger brand name recognition than before. Earning estimate is -.35, but Gamestop $GME was one last non essential stores set to close in March. With gaming stocks on a rampage, Gamestop is expected to beat expectations. It is a quarantine stock and a economy re-opening stock since it has generate huge revenues through its online sales. Inverse head and shoulder with a strong bounce off of the throwback. Smart bears closed shorts at the inverse head. Bears looking to short this under $4 will help with the short squeeze when $eBay breaks to all time highs. This has the same setup as Zoom $ZM.
NYSE:GMELong
by BTCinQQQ
2
GME long, Gamestop ready to fill the gap and explode upward!NYSE:GME Gamestop is ready to go Long. In Q4 they turned in actual earnings of +0.32, at the end of May they will be turning in Q1 earnings, which the entire world estimates are horrid for every industry except bio techs. BUT my theory is that Gaming increased with school being out, work being canceled, people being laid off. People often forget the online digital sales of gamestop and the by mail sales. With less money being dished out for "trade in" games or systems, gamestop SHOULD be in a decent position to weather the COVID19 storm and squeak by with posting a much smaller negative earnings than estimated (-0.35 estimated) and post something along the lines of -0.15 or even a small profit of +0.10. My point is the market and analyst have way overacted to a company that functions in a hot space, with increased tute support and an product delivery system that was better prepared to handle this storm than other retailers such as clothing or sporting goods. additionally, this stock is trading at a much decreased relative volume headed into jaded earnings estimates, its MACD is trending upwards into earnings date, and the RSI looks to have stabilized more than post partum mother on beta blockers, red wine and Xanax. I have circled some price targets that should hit in accordance to their dates and it is technically trading into a channel and its also deciding if its going to be a triple top or a double bottom if you zoom further out,, a break to the positive side has so many stacked catalyst that it will speed GME from 5.50 to 7.00 in less than a weeks time once the ball gets rolling. Worst case scenario, it fails the channel, earnings suck as bad as estimates think they do, and GME has to wait til Q2 and Q3 to post a nice profit on some Console war action and climb back to 9 before Xmas.. I like the odds. going HEAVY here.
NYSE:GMELong
by TheStockMarketSniper
2