GME Super Bullish For a Friday, that was one hell of a effort to push up,
Even with the news of Ryan Cohens dump, GME pushed up and closed above resistance!
Killing on the 4hr chart!!! Monday I’m All in on GME
In anticipation of APE which will blow HKD out the water!!!
Fintel data looks primed to squeeze
Short Interest 59,908,446 shares
Short Interest Ratio 5.74 Days to Cover
Short Interest % Float 23.63% - source: NYSE (short interest), Capital IQ (float)
Off-Exchange Short Volume 2,241,572 shares - source: FINRA (inc. Dark Pool volume)
Off-Exchange Short Volume Ratio 67.61% -
900,000 shares available at 19% interest
GME
Will it hit $10? Looks prime to hit at least $10 in next week or two weeks. If it closes above $10 then next target is $18 which is rare but not impossible. Will sell if it closes below $7.50 on any given day. Not a financial advice and please do your own DD.
AMC Could hit $14? Naw its AMC DayWe Fell Back below resistance before close, but IDC
Tomorrow Who Ever is Holding AMC will receive an APE on the 22nd!!!
This Will be Monumental!
Even if they don't close?
1. The Buying and Holding Pressure tomorrow will be Extreme!!
2. We will have holders from baby and game piling into AMC
3.For the First Time Ever we could finally expose Synthetic Shares in the Market!!!
4. I would think the 90 million short shares, would at the least have to be covered!!!
$33 with Ease
Win Win Win Win!!! We are Making History & showing the whole world things can change!!!! See you on the Moon.
This is not financial advice
Short Interest 95,091,742 shares
Short Interest Ratio 1.43 Days to Cover
Short Interest % Float 18.45%
Off-Exchange Short Volume 17,363,626 shares
Off-Exchange Short Volume Ratio 59.90%
GME RED DAY Bearish Short Term Pushed Back under resistance, very familiar move with #GME
GME has been in a channel between $47.50 & $19.50
GME is still in a #Bearish Trend now that we have pushed back under resistance.
My first price target is $33.66 hit in the after market
Next $32 OPEN
Next $30.99
Monday $28.99
Possible $26 by Monday
Also Possible we tap $19.60 for the third time and totally break down around earnings, without any critical news
Ryan Cohen 's attempt failed to make an effective dent with the 1 for 4 split. Shorts were still able to hide their position and continue to hold.
There are currently no shares to short, but with the news of BBBY Ryan is feeling suspicious to a group of apes.
Any how remember Stocks fall sharper then they rise!
Ill Reposition Monday or Tuesday after the Storm!
Short Interest 59,908,446 shares
Short Interest Ratio 6.37 Days to Cover
Short Interest % Float 23.63%
Off-Exchange Short Volume 2,247,179 shares
Off-Exchange Short Volume Ratio 47.94%
Bed Bath and Beyond - Don't BTFD - Bye Bye, BBBYI heard on Reddit that BBBY is prime for a major pump because Ryan Cohen talked about spinning Buy Buy Baby off into a separate company, which would in effect create an airdrop of new stocks for holders.
I heard on Reddit that BBBY is due for a pump because Ryan Cohen bought Jan '23 calls @ a $50 strike.
I heard on Reddit that BBBY is due for a pump because 45%~ of the float is short sold.
All of the above are true. However, what I would like to point out to you is a few key considerations:
1) The July - August bottom of ~$4.50 was both extended and precariously close to the 2020 COVID bottom. But they didn't break.
2) BBBY is already at this pump's top at sub $14. What comes after a pump?
3) If BBBY is going to spin a second stock in a few months, there's going to be proper accumulation. A proper accumulation requires you bag holders to capitulate.
4) Jan. '23 is four months away. That's a lot of time for you to hold $10 and $13 bags when this thing dumps to its 1993 low and you need to pay $12 a gallon for gas.
Reddit is not a normal social media site. It's a social marketing and social influencing platform, and one with a heavy Marxist-Leninist influence, to boot.
You think you are reading organic comments from other young people, but you are reading the written vomit of a combination of a botnet and a professional public relations firm that front runs the moves.
The purpose is to drag you in and have you donate your life savings so that someone who looks like Sam Bankman-Fried can pay some creditors and then buy another apartment and a new car after you trade your money for their bags.
Monday could go two ways. One is a gap up over $14 and then a dump and the other is just a gap down that doesn't bounce.
Either way, you're now on the wrong side of history to be buying the dip. Don't buy the dip. Your risk is a ~70% wipeout from the nearest gap. If you bought at $13, well, cut your losses and stop gambling.
Be patient and wait a month or two when everything is scary and the Reddit brigade is telling you that BBBY is a total piece of trash that nobody would ever want.
And remember, Redditors are not your friend. They are Fabians.
GME Cup & Handle Moon MobileGME Cup & Handle Moon Mobile
Is this the Calm before the storm?
Tea Anyone? Its hot!!! #Boiling
Short Interest 59,908,446 shares
Short Interest Ratio 6.37 Days to Cover
Short Interest % Float 23.63%
Off-Exchange Short Volume 2,247,179 shares
Off-Exchange Short Volume Ratio 47.94%
GME I Wonder? Squeeze?GME DOWN BIG, but setup perfectly for a Cup and Handle formation on the 4hr chart
Short Interest 59,908,446 shares
Short Interest Ratio 6.3 Days to Cover
Short Interest % Float 23.63%
Off-Exchange Short Volume 2,247,179 shares (inc. Dark Pool volume)
OffExchange Short Volume Ratio 47.94%
AMC MOASS enough said.Expecting a big bounce in the morning from heavy buying pressure, we are nearing #APE #checkmate
We are trading in an ascending triangle looking to be headed towards $34
Short Interest 95,091,742 shares - source: NYSE
Short Interest Ratio 1.43 Days to Cover
Short Interest % Float 18.45% - source: NYSE (short interest), Capital IQ (float)
Off-Exchange Short Volume 17,363,626 shares - source: FINRA (inc. Dark Pool volume)
Off-Exchange Short Volume Ratio 59.90%
$GME & SPY: Things are not looking goodI previously mentioned a run for GME and BBBY on August 23. Whilst some other retail meme stocks like BBIG or NEGG may pump until the 23'rd, the rest of the market is showing big signs of a correction. Typically during a correction, the entire market follows suite. In rare occasions just a handful of stocks may squeeze during a correction and this may be one of those occasions, but it's more likely that all stocks will follow suite and correct.
The timing of this correction is PERFECT to drag meme stocks down. The whole market showed a huge and unusual super powerful rally over the past 30 days which is indicative of de-rirsking or liquidation auctions in my opinion. RSI's have become overbought on the 1 year and 5 year timeframes (Daily and Weekly Candles). Such a fast rally indicates that there's a big "want" to bring everything down very very fast e.g a "correction".
I'm out of my GME/BBBY bets with some profit as i believe that the next market correction/crash has started and i've bought SPY puts along with some puts on other companies (not meme stocks). The IV on GME and BBBY has been overpumped to stupid levels yesterday and it will take at least 2 months for this to cool down to tradeable levels and i think that's the whole point of why they pumped so much yesterday. Don't be caught bag holding or hodling because other bagholders who bought the top told you to do so otherwise you might be hurt. It took a month of rallying in everything EXCEPT meme stocks only for them to pump on the last few days before the market correction. GME and BBBY were the LAST to pump and i think this is intentional as the market is now dying.
There's no fundamental reason for the market to rally this much other than to create another bigger correction to go much much lower and BBBY GME were the last to rally. GME and BBBY are going to "crash" starting from the top thanks to the whole market correcting.
The run was supposed to be on the 23'rd.
-TSLA is splitting on the 24'th. Big splits of this kind tend to drag the whole market down a LOT around their splits and these corrections last around 15 during the splits before the market rallies again.
-AMC's Ape Coin which is in it's own a technical split is happening on the 22'nd.
I believe this is all perfectly timed and GME's run is perfectly sandwiched between the 22'nd and 24'th splits for the reasons i mentioned above. Due to this i'd suggest not holding long calls on GME/BBBY or shares |(unless you're DRS'ing and don't care about the price because current prices don't matter if you're DRS'ing). If you're trading GME actively like me, i think this is the best course of action.
The point is to be safe during trading as things are not looking good in general. We'll see if this month's run has been postponed to September 20 by using Net Capital rules. I think this is the case. What is uncertain about all of this is that maybe this is the kind of crash where the whole market crashes and some stocks mega squeeze. This might be that, but i don't know... So i'm personally out and i'm not hodling through such a big event. You do you.
Not Financial Advice. I'm not a financial advisor.
$GME - August dump then runLooks like August might be a repeat of March 23 ish but possibly with a lot more upside even at these prices.. Not sharing too much details on this and why. Up to you if you're goiing to follow it. This is not financial advice. Also i can be wrong, but i don't think i am in this case.
Warning: Read the text below very carefully. Do not skim it. It contains several very important warnings about this run up or down.
What i estimate to be the August Opex into SLD settlement week: Aug 9-19 GME retraces down to $36, the whole market dumps, Vix pumps a little bit and MSM scares everyone with war and inflation and the next big crash etc, then suddenly around the 24'th of August everything goes green and suddenly war and inflation are over and markets pump. That's it in a nutshell.
Now that i'm done dunking on hedge stock, back to the play.
-Aug 9 to 19 the entire market dumps including GME and BBBY and the rest as it always does.
-Things start to go a bit bullish at around the 19'th give or take a few days. The timing here is up to you.
-The main run is expected to be at around the 24'th give or take a day or two.
-The direction is unknown. I only know there is a big price event on this day. It may be big downs or big ups.
-I would personally get pretty OTM options here at +25% spot price or more as this run looks like it might be the biggest one yet.
(Remember, nothing is guaranteed in life, none of this may happen, maybe get some near the money calls instead and be safe before you lose money and start swearing???)
If you're a degenerate, you basically know the drill. If you're new to all this, best close this page now and consider investing in an index or ETF as this is an extremely risky play as you're likely to lose money here. I'm serious.
Reminder:
-The market is likely to be down starting on the 9'th of August till around the 19'th of August give or take a day or two at most.
-GME, BBBY and most other meme stocks like EXPR and all the 2021 runners like VUZI and FCEL and all those weird tickers that went nuts are likely to pump a bit, some will pump more some will pump extremely little. The ones that are expected to move the most are GME/BBBY and unfortunately AMC but for different reasons.
-The actual price target is unknown and the numbers on the chart are a vague estimate based on swaps and resistances.
Info:
-All i can say is that if March was a x1, then August is a x27. The notional amounts traded in swaps is absolutely bonkers and indicates that this is either another March run or a January 28 run.
-There's also the chance that everything has been derisked on the 8'th of August and there may be no run after Opex in August. This is extremely important. We may see action similar to November 23 where everything crashed as there are similarities with August and November. Be EXTREMELY careful. The data on this is still being reviewed, but preliminarily it looks very good. This may change without notice upon discovering something new.
About the whole meme stock thing:
Basically any meme stock you buy you're gonna be fine. GME, BBBY, AMC etc. I don't like AMC and i wouldn't suggest touching it as it's used as a hedge against the entire meme basket. Pumping it helps end the GME/BBBY and general meme pump quicker. AMC pumps because it's being bought to be posted as collateral to the OCC's stock loan hedging program where you can post another security part of a short pair like GME/AMC to hedge against the other part of the short pair. In this case, AMC is being bought whenever GME/BBBY go up and is delivered to the OCC's loan hedging program. This is why AMC pumps for no reason on other stock's dividends or splits or whatever, it's hedging, just not the kind anyone expected.
Updates to this play:
-I typically post updates to my trade and regarding the play itself almost live due to how important it is to keep everyone updated for this kind of trade. I will be posting comments and updates to this post when the play is live and in progress. You need to be dilligent in reading those notes and updates in time and acting accordingly and correctly reacting to them otherwise you may exit or enter a position late and lose or even make more money than expected.
-I sometimes exit positions early. I've lost plenty of extra gains due to this. Others have ignored my advice are have for the most part made a lot more money than i have. Keep this in mind.
A random post of mine on Reddit about this, old and not updated. It's a DD about this cycle. I've been following the GME/Meme cycles for over a year and a half now and have been reading regulations, market mechanics, gathering data from FOIAs or other sources like equity swaps, options, etc and this is the culmination of my research e.g the ability to predict certain dates where there will be movement up or down on meme stocks and generally the market as a whole. I cannot predict precise price targets nor price direction. I can predict dates on which events will happen that cause either upwards price movement or downwards price movement. I do not know which of the two it will be.
www.reddit.com
None of this is financial advice. I am not a financial advisor. This play is extremely risky.
MEGL Magic Empire Global Limited ultra-speculative bet!MEGL Magic Empire Global Limited was an IPO that went to $249.94 in the first day of trading.
It reminded me of HKD and AMTD!
but what if it still has juice in it???
Looks like a high risk, high reward situation.
Looking forward to read your opinion about it!
Would you invest in MEGL??
GME Retesting BreakoutSimple chart, downward channel for GME has slightly broke out this week, retesting the top of the channel to see if this can act as support now. A daily close above this channel with continued volume would potentially mean a continuation of a breakout.
When breakouts from channels occur, we often see a retest of the breakout area which I refer to as "basing". See related idea for example of basing on a breakout.
ALF READY FOR TAKE OR HARD LANDING?All,
This is technical play looks like it might be building here and take the parabolic curve up. Also could drop and essentially double bottom. I think it's worth setting alerts at the all time low double bottom and several near breakout area. Obviously this is a 8M low float technical play here.
AMC Next stop @ $33 APE STRONGAMC Next stop @ $33 APE STRONG
Think were headed up to $33 with Ease...
Might have a pitstop, probably due to a halt @ $33 where afterwards we form the handle and curve to the moon for crayons! IMO Not Financial advice If Everybody bought in, what could the hedgies do? ABSOLUTELY NOTHING HUUU LOL GOOD LUCK SEE YOU ON THE MOON FOR MOASS
Game can't be stopped!GameStop
Short Term
We look to Buy at 39.54 (stop at 35.95)
Preferred trade is to buy on dips. There is scope for mild selling at the open but losses should be limited. This stock has recently been in the news headlines. Further upside is expected although we prefer to set longs at our bespoke support levels at 40.00, resulting in improved risk/reward.
Our profit targets will be 49.69 and 51.17
Resistance: 50.00 / 57.00 / 86.00
Support: 40.00 / 32.25 / 21.67
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The Bulls Are Back Baby! : PT 69NYSE:GME
Hello,
On the daily timeframe, there is a potential golden cross formation, and on top of that closing above the 200MA. The last time this happened was Sept 2020 and we all know what happened to this stock. The RSI is very telling -- Bullish -- as every time it crossed we saw at least a 153% increase (March 2022 RC Buy), 62.79% in May, 17% in June, and 42% in July. Today, it crossed again! I have priced in a minimum 20% move up and we'll probably retest the 0.786($43.45 - $173 pre-split). Aug 2nd was part of the T+69 theory and I have no idea what happened because I ate too many crayons. Fibs point to 69 good luck all!
Not financial or sexual advice.
GME Long Term Mega FlagWe have before us an ordeal of the most grievous kind. We have before us many many long months of struggle and of suffering. You ask, what is our goal? I can say: It is to wage war, by buying, holding, and then buying again with all our might and with all the strength that God can give us; to wage war against the shill and suits that bend us over everyday, never surpassed in the dark, lamentable catalog of human crime. That is our goal...
GME has been the most frustrating, Challenging, and possibly the biggest trade I've ever been in. That being said my conviction has never been stronger going into the rest of the year (Especially the short term outlook)... NFT market place, Stock Split Dividend. I'm adding to my position every week because I can. Nothing but time costs me to hold my shares, we will be on Banana Planet sooner than you think.
I currently expect a continuance of bullish price action going into the split dat of the 21st, then a slight dump back down into support right before we make our final ascent into the atmosphere on the journey to Banana Planet :Price target $420 (Post Split) $1700 (Pre Split)
Good luck to all my Apes, and to the Shill Shorts...I hope you get out before we burn your positions to the ground.