GMS Gamestop Trade Idea and Update (previous video)We can see that GME Gamestop has rallied. If you haven't already it's time to move your stop loss to break even from my last video trade idea. In this video we look at price action and discuss a new trade idea. But ways this is for educational purposes only and not to be construed as financial advice.
Gmepumpanddump
GME Breakout Day 7 - Stage 1 Separation in 6 daysYesterday 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 breakout, I have been rolling over my call options to shares, as options are currently very expensive.
I will be buying the whole time though and have not sold any shares, just been rolling in option profits to more shares.
Short term technical:
GME currently on a run since the 24th and todays close is sitting on the trendline. A hold tomorrow should be a close of at least 265.
I have moved my "moon" target to June 9th and 351 dollars which was the March high,
The gap up is still not filled (217-222) and I believe there is currently zero chance of that happening.
There was a gap down today which should also put pressure on GME to keep rising up.
Good luck and hang in there.
DFV SOLD 300 OPTIONS - and you HOLD?If you don't believe me check this:
On 26/01 he had 800 options still holding but on 27/01 he has 500.
He sold 300 options on the highest point making him and additional 9million.
His previous trades before that made him 4 million but this trade above is the worst.
WHY?
Since he and WBS were telling others to HOLD - why did he then sell?
He is now owning millions - more then 13 million.
Where are you?
Check the different below - 26/01 & 27/01
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