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$GME - $540 in the next couple of months maybe, then back down.Hi Ya'll, I'm not a financial advisor, nor is this financial advice. I'm just an ape that likes to munch on crayons. Technican Analysis Woke up at 18:00PM after 14 hours of glorious sleep and a Friday day off work and took a look at the GME chart and decided it's time for some fresh crayon drawings. A fresh theory based on all the knowledge i have on GME based on my daily readings in /r/GME for the past 3 months where i've obsessively read everything... I have a hypothesis and i don't like it because it happens to be the same as the one of a redditor i dislike for no good reason. Regardless i think there's an above average chance that this hypothesis could be exactly how GME's next 4 months play out... The new crayondrawings indicate that it's possible we're doing one of those arcs all the way up to $540 ish and this will play out over the next couple of weeks. This would make what's going on now the start of arc #2. I believe that there could be a total of 3 arcs before the Moass. To be clear, i've come up with this hypothesis myself, but realized that someone else (in fact 2 people) might have the exact same hypothesis as mine... (or vice versa lol). I believe after we reach the $540 area, in a few weeks that we'll start declining all the way back to $150-$200 again. Yes there is more of this type of business to come and you're going to need to be strong for longer... So, after we reach tis $150-$200 area, we're likely to accumulate a bit and then go for Arc #3 and END sometime late May or the start of June. In June there's all kinds of weird events happening like the Russel Index reconstitutions and the possibility of GME joining the Russel 1000 Index. This is the bigger brother of the Russel 2000 index that GME is already part of. Heck GME can even join the S&P 500 but i have huuuge doubts that will happen. My bet is on them joining the Russel 1000 and this join will be final on the 28'th of June and we'll all know at least 1-2 weeks before that. Also in June there's the next earnings event for Gamestop and the shareholder meeting where Ryan Cohen might become CEO. I believe that within June, there will be no #4'th arc but a MOASS. To recap: To make all of this more digestable... Arc # Feb - March Arc #2 March - April Arc #3 April - June start Upon the completion of the 3'rd arc, this is in my predicting abilities where the MOASS starts to happen. Why? Because again, in June, GME will in my opinion announce a forward split, Ryan will become CEO and kick out all the old blood from the company and GME will then join the Russel 1000. I DONT believe that GME will give out a dividend. I believe they are going the TESLA way where they do a forward split and increase the shorts liabilities making them bleed more thus forcing a big scary (for the shorts) MOASS. Lots of pants are to be discarded on that day due to soiling. At the completion of that final event of GME joining the Russel 1000, that will be the nail in the coffin as it will likely also be the date where the stock split takes effect. GME execs likely already know all of this and are being silent. Why do i think we're going to have arcs? Where do those even fit in? Well, keep in mind that the likes of XRT and IWM (Russel 2000) have paid out a dividend in the past week or two with at least one of those having rebalanced. This means that we've had a lot of shares dumped/sold due to ETF redemptions and from people who were holding XRT and Russel 2000 IWM to get those dividends. Once they got paid their dividends, they sold those shares. Combine this with the XRT rebalance where they also shed some shares thus causing more of a price dip... yeah i think this is why we've been dropping for the past weeks now. But now, we're onto a new bullish run for the IWM Russel 2000 and generally the market... that is unless the hedgies really think they can go AGAINST the market. I don't believe they are this stupid and that they can no longer short the Russel and that their only options are to continue shorting via XRT & co. Due to that the Russel 2000 e.g 'market' will be on a bull run starting now, we're only going to be going up and up and up until $540 where investors start cycling into other things and the Russel starts to tumble down again in an arc-like manner. The hedgies will help this downwards arc to happen thanks to their next batch of IWM shorting in some months from now once IWM is back at the peak of it's bullish run. Basically they have around 3 months to shake GME holders off until the inevitable happens and i bet ya even they don't know that a split e.g a liability multiplier is coming to them. This is basically a draw x 4 card for hedge funds that will make the NSCC / DTCC margin call every hedge fund instantly. Even if GME's price is sub $100, the shorts that were never closed at sub $20 dollar prices are going to sting... so... no matter how low we drop, i'm pretty sure it's worth holding GME...
NYSE:GMELong
by leenixusu
3
$NIO - Bottomed outYeah well with what's going on with the market, everything Russel Micro Cap related is equally down and also disconnected from the IWM Russel 2000 price... I know WHO is doing this, but i don't understand the WHY they are doing this. Something very weird is afoot and i don't understand it myself... Technica Analysis There's not much to say. Look at the chart... Should be glaringly obvious what you should be doing. Be careful with options trades. This might not be a sudden trampoline jump upwards, and the price may stick around at this level for a while before going on it's next trip.
NYSE:NIOLong
by leenixusu
$GME - Bullishness UpdateHi Ya'll Gonna keep this one short (this pun though...) Multiple patterns and indications that GME is way too oversold and that the pressure is not coming from inside GME itself but from externals like ETFs containing GME like the IWF or GAMR or XRT as well as SWAPS and other trickery. Everyone is shorting GME more and more... i think they are going on the 'official' short interest numbers being posted by the likes of S3 and others and they're forgetting that those numbers are self reported with tiny reprecussions to naked shorters... Reminder that 250% and likely more of GME's float has been bought. Hedge funds aren't interested in covering their shorts, only increasing them and kicking the can on failures to deliver on shares down the road. About this technical analysis: The OBV On Balance Volume indicator shows that no one is actually selling GME and that if anything, more people are buying. This also indicates that GME's price is dropping due to external factors e.g shorting ETFs (IWM, XRT and others). There's a decently sized bullish wedge almost ending, as expected, hedge funds want to milk this as much as possible and will settle with nothing less other than GME at the ABSOLUTE bottom of the range of this bullish wedge. I have doubts they can drop it below the range of the bullish wedge, but i don't put it past them. Regardless, now would be the absolute worst time to sell if you were thinking of paperhanding but it the absolute best time to buy in my opinion. (If you haven't yolo'd everything in GME already lol) RSI basically showing that GME is oversold e.g it's time for it to reverse upwards. Is it going to rocket up? No one knows. Maybe. Or maybe it'll just go up a bit. Again no one knows. I recon it's gonna rocket, but that's just my dumbass opinion based on nothing. The facts are that RSI says it is indeed oversold, so there. There's some common historic support between GME and the ETF that tracks it (IWM) the Russel 2000. We're exactly at that support right now. This is where we either consolidate for a week before launch or this is where we simply just reverse upwards. There's always the small chance of breaking slightly below this range, but as with all fake breakouts downwards to shake more weak hands, it'll be a fake shakeout that won't last long and is more likely to be a dip buy. I would say that whoever is shorting this so much is putting the financial system at risk, but i know better lol. There's definitely enough money out there for them to fix this infinite short squeeze when it happens and when multiple brokers and clearing houses start defaulting once this pops off. Several tens of thousands can be paid easily, i cannot speak for anything beyond that, but theoretically, it can go to infinity, but nobody truly knows where this can go. My personal bet is anywhere between 12k - 100k +. Again theoretically with the amount of shares they shorted and the amount of times they need to buy the entire float over ( anywhere between 4 and 12 times over), the price of this can go very very very very very very very high. As usual and as with all volatile stocks, GME will swing wildly UP and DOWN. If you can't handle her at her worst, you don't deserve her at her best. If you're in for a quick buck, get out before you get burned. If you're here to get your character hardened and to make money, welcome fellow ape.
NYSE:GMELong
by leenixusu
9
$GME - Bullish wedge ending & Reversal pointHi ya'll I'm not a financial advisor nor is this financial advice. I'm just an ape that likes drawing with crayons. That having been said, i believe that GME is on the verge of bullish reversal plainly based on chart technical analysis and patterns. As you see there's a nice ~1 month bullish wedge that is almost at it's end e.g breakout could be imminent. In addition to this, i've found a divergence point or a reversal point that i believe is where bullish reversal will occur. How i find these point is by using either flexible trendlines or just normal trendlines and compare their converging points with where bullish wedges end. If they are close enough together and there are other patterns to support them, then i consider them to be reversal points. In the example in the screenshot you'll see there is 1 such convergence point based on the flexible trendlines & based on the ending point of the bullish wedge, you see that they are super close to each other. Based on this, i believe that bullish reversal is imminent. I'm invested in GME for several hundred thousand dollars. Not revealing my position to prevent mining and hedging by the big boys or others. Last Night Last night ~50k GME shares and a few hundred thousand ETF shares were borrowed to short GME with. Source: gme.crazyawesomecompany.com It is in my opinion that last night's drop was a mix of the following: Fabricated by the hedge funds to created FUD / Fear Uncertainty and Doubt to shake people off GME. Some weak pathetic paperhands who sold as soon as they saw red. NSCC taking over some hedge fund's or other instution's positions due to the failure of one or more entities to provide their SLD (Supplementary Liquidity) when they were margin called after Friday's Quadruple Witching Day (T+2 settlement from Friday). Other unknown factors What does the above mean? Last night there was a single $637 MILLION order showing up in the books after hours. This was likely the NSCC having taken over someone's short/long positions since that entity failed to post their margin SLD. I think soon we're going to see a liquidation of these assets to cover that entity's short overly naked short position on GME. Last night GME's 10k report also showed that GME is likely headed for a short squeeze as it's been mentioned in the 10k report itself as legally required by law to do so if your stock is experiencing this type of volatility. Nothing special, but nothing to cough at either. This first liquidation is likely the first one to occur in a series of liquidations. More are likely to occur as we go forward in time and failures to deliver increase as it slowly becomes harder and harder for failures to deliver to be hidden in SWAPS on other assets like ETFs or treasury bonds. The clock is ticking in my opinion and it's just a matter of time until whoever is on the hook for 200+ million short GME shares out of the 45 million available (not really available anymore lol) share trading pool... Once these 200 million shares (400% of the share float) start to get covered as some hedge fund positions are liquidated and forced bought in on market price by the NSCC more and more naked shorters are expected to get burned causing a cascade margin call by the NSCC due to the new DTCC rules that require the NSCC and others to margin call brokers and brokers of brokers ON THE SPOT INTRADAY and asking them for an extra SLD to prove their ability to function. Once this cascade starts, you can expect GME to skyrocket. Until then it's all going to be fun and games between retail and these very ballsy big short position owners and their ever growing short positions. I bet you some of these 'clever' suits are just small firms and even retail people selling naked calls and shorts and just generally having naked positions not knowing that 250% of the entire share float is bought out. They are going to get horribly burned WHEN this blows up in their faces. Reminder, naked shorting by firms/institutions is illegal. tldr: Buy, Hold. Be insane. Red is just a number. GME's price doesn't matter, it'll go up and down, enjoy it like a rollercoaster. Any price is a bargain right now... it really is. Once this blows up into a short squeeze into the multiple thousands, tens of thousands, or just generally an infinite short squeeze due to the 250% float overboughtness..... Yeah you're going to wish you were a part of it. I DON'T believe they will get out of this whole ordeal unscathed. This is history in the making.
NYSE:GMELong
by leenixusu
2
$GME - Possible breakout 24'th - 25'th MarchHi ya'll I'm not a financial advisor nor an oracle. That having been said, here's my 'thesis' (more of a dumbass opinion based on nothing substantial). I suggest you don't take it seriously. Regardless, here it is. Last month on the 24'th - 25'th, we saw a big surge in GME's price. This month on the 24'th - 25'th i believe we will see the same uptick in GME's price (probably bigger) What i base this on is that last month's move up was due to Jim Bell having been removed from Gamestop. This month on the same/similar date/s Gamestop has gone ahead and removed their CCO (Chief Customer Office) who only did a good job in running the company into the ground. In addition to this pattern, today is GME's earnings 1 hour after market close. Earnings are expected to be beyond stellar especially because of the new console Cycle that GME was able to take advantage of. Of course it supposedly won't excuse the current price of GME some will say, especially anal-systs with interests in driving this stock below $10 for 'reasons'. Currently GME has ~45 million shares available to trade as a public float. Of these 45 million shares, everyone currently owns around 250 million shares based on publically available data. Yes you heard that right. GME is also the most shorted stock out there. Short interest and short ratios given by S3 and other professionals in my opinion cannot be trusted as the formula used to make up this short interest number is not industry wide accepted. It's been changed just for GME to include synthetic shares e.g the 200 million extra shares that have been created by the shorts or naked shorts. If you don't believe this, you just need to go online and see how much Gamestop shares are owned by institutions, retail and others and add it all up together and try to come up with a good excuse on why this supposedly not true. I've followed GME for the past 3 months. It's been shorted to heck daily by using a method called ETF stripping. Specifically shorters used the XRT ETF that until 2 days ago was ~15-20% GME weighted because they wanted to avoid created more FTD's / Failures to Deliver e.g shares that never arrived because they either never existed or were created out of thin air or simply could not be located. I'm in on GME for several hundred thousand dollars. Not going to reveal my position as it can easily be mined and hedged against. The GME short squeeze never ended despite what the Motley Fool, Bloomberg or other MM say. Them saying those are in fact a part of a disinformation campaign paid by big hedge funds and institutions who have a short stake in GME and don't want more people to pile on. GME is and has been more alive than ever. And no $200 is not expensive. When the hedge funds or whoever has this short stake runs out of steam, the GME bubble will likely pop to several thousands of dollars if not tens or hundreds (Not kidding). This is because of the amount of shares shorted and the amount of shares owned out of the 45 million share pool (250 million shares or more owned by people.......). So next time you go and read how much GME is shorted and someone tells you it's a meager 20-30-40%, try and find out how they come up with that number. Scrutinize it. If you won't then you should happily walk away from GME. Also GME is not for the faint of heart or swing traders. Make no mistake. It's super volatile and will swing up a lot and down a lot. If you can't handle her, don't buy her. Please also beware of bots on other social platforms with pre-written messages just saying: "I sold my GME!!!!!1!!" or basic easy to spot stuff like that. There's a lot of bots hired both on reddit, twitter and Facebook that are spreading this type of bs. Thank you for your time.
NYSE:GMELong
by leenixusu
3
$PLTR - Mega Wedge UpdateHi ya all, Yesterday i posted about 1 possible Mega Wedge, today i realized i may have made a mistake and that the wedge i posted yesterday could be completely wrong. Yesterday's Mega Wedge is based on the trendlines drawn from the Jan 26 PLTR spike and this is likely very very WRONG. Why? Because i just realized that the reason why PLTR spiked on the ~26'th of January was only due to Gamestop. Hear me out before you click off... Gamestop rallied insanely during the 26'th-28'th of January. This has a big effect on the Russel 2000 (IWM) ETF it's part of. PLTR whilst not truly part of any index as said by themselves in their own prospectus ACTUALLY does track the Russel 2000 (IWM) quite perfectly. Now because Gamestop rallied insanely during those dates, it dragged up the whole index up as a whole which also dragged up PLTR as well along with it. This means that the spike that i based yesterday's technical analysis on is an anomaly, e.g i based my mega wedge based on an anomaly hence why yesterday's mega wedge is possibly WRONG . After realizing this mistake, i went and took a second look at the PLTR chart and realized that there still IS a wedge, a symmetrical one showing endless consolidation and accumulation at the $22-$29 area. Really, if you exclude the Jan 26-28 spikes, PLTR has truly actually traded only within this range for a very long time accumulating. Lots of institutions DID drop Palantir on earnings last month with new ones picking it up e.g Kathy Woods (Who despite Rumours is continuing to buy PLTR daily and has made big buys recently proof here: cathiesark.com ) The symmetric wedge ends on around May the 26'th. A breakout could come before or after this date or even not at all. My bet is that a breakout will come at the end of this wedge and that the next price target should be a big one, but this is just my own opinion based on nothing and you shouldn't listen to me. I am invested in Gamestop and PLTR and i think the only reason PLTR will do so well in the near future is only due to Gamestop's big incoming gamma to short squeeze. No one knows when it's going to happen or whether it's going to be a singular event or a slow squeeze like Tesla. If it's a big event, it's going to make the Russel 2000 (IWM) and PLTR go up A LOT making PLTR a big winner for momentum and volatility traders. I have an appetite for risk and volatility so i'm in... Regardless, i have a boatload of calls for May for Palantir that i'm likely going to roll over to a later date now that i've realized that nothing might happen by the end of May other than small ups and downs e.g theta-gang-ing for PLTR. Heck, i might sell some contracts for it and theta gang this thing.
PLong
by leenixusu
3
$PLTR - Mega bullish wedge about to end...Hi ya all, This is all my opinion and my own strategy. I'm not a financial advisor, just an ape that threw a bunch of money into PLTR based on this trade idea. The 'Thesis' See the mega bullish wedge that's been forming on GME for ages now. It also intersects with previous MEGA support possibly making the upswing date tomorrow or within this week. The idea is that the bullish wedge has possible ending points, one is tomorrow (within this week) and the other one ends on the 14'th of April, though it's possible for a breakout to start sooner and it often does (not with PLTR though, PLTR is always exactly on time). Depending on your risk appetite, you can grab some PLTR shares now, or calls from now. Chances are, this is the bottom. If this is NOT the bottom, and in fact we have 20 more days to go to the end of the bullish wedge (i absolutely doubt it), then the bottom is ~$20-$21. A solid strat is to buy some now so you can be strapped onto the possible rocket and buy some later if it dips. Personally i've thrown a lot at it at $24.12 because i feel like we're not going to have a fakeout to $21 to shake some weak hands (pretty sure i'm going to be wrong on this one and i'm going to have to BTFD at $21 ish). Basically pick one of the bullish wedges on the chart or both and make your bets. Shares are as always safer than calls. Don't forget PLTR's float is ~1.5 billion-ish shares and only a small fraction of those are bought. I think this will ride to at least $39 with a max to $72 if market conditions during the next 30 days are not windy and with perfectly sunny weather. If weather is not great, we could see a simple run up to $35 and maybe max out at $39 and that'll be that. I like to dream big, so i'm gonna say the range is $39 - $72 by sometime late April or maybe all the way into June, who bloody knows. As usual i might be a chump and this could all be wrong. I'm literally trying to predict the future. Let's see how that works out for the boatload of super super far OTM contracts and 0 shares i bought. Not revealing my positions not to expose them to bots and data miners. Sorry, but cry all you want. Believe it or not, there's lots of eyes watching.
PLong
by leenixusu
2
$GME - Support TimeAnd again the shorter whale has used 1 million XRT shares and 100k to dump on GME longs. Doesn't matter. Trend: -Check out the trendlines and see the obvious support at the red line. -Check the resistance at the top blue line. Where are we going next? That's right, $350 is the new bottom, ~$600 could be the new range. New Range: Going into the new $350-600 range has implications of it's own though, this is the area the hedgies will feel the most pain. We've seen this from their attempt to unpin the price from $350 last week (close to getting margin called) and their further attempt this week with the attack today on the 15'th to further unpin the price from $260. The first unpinning must have been a 100% attack. The second unpinning may have been a friendly whale (or not) putting us in the oversold RSI area and giving reddit apes their much wanted juicy dip (Not that they'd need a dip to buy GME) especially with their stimmy check arriving in 2 days. It's estimated that ~3 billion worth of stimulus money will be going into GME and you can bet the other side of the trade is doing their damn best in both legal and illegal ways to make people think that their stimulus has no effect. HODL Don't be fooled by cheap HF tactics. If you're buying GME, you're not buying a normal stock. Adding a stop loss is a guaranteed way to get burned with the wild "volatility" swings (really just HF doing very illegal stuff because retail doesn't just all dump 10 mil shares on the exact same 1 minute on the 10'th of March) GME will swing wildly up and down. Don't buy it if you expect only ups and can't handle 50% loss or can't buy the dips. Don't try and swing trade GME, you'll get burned. If you're ready to make big bucks with GME, the only strat is to buy, hold and buy the dips. Get ready to be shaken by the insane HF tactics, Fear Uncertainty and Doubt (FUD) being spready by all media like Yahoo Finance, Barrons, Market Watch, CNBC, E-Toro Social and tons of other places. Don't ingest media regarding GME from normal news outlets as they're all blatantly lying and misreporting on the truth. I suggest visiting: www.reddit.com This is where real research is being done.
NYSE:GMELong
by leenixusu
6
ENDGAME - GAMESTOP - $GME - PT: 2000I believe that with GME... We are witnessing a complete failure of the MM to control the SP... A true free market. It appears that the squeeze has not been squoze... Retail Impulse Wave 3 is coming.. You must hedge in the "real" market. I have forecasted that SPY will correct in Mar-Apr. and institutional liquidation due to another impulse wave in the BANG stocks will cause this... Vlad Tenev admitted that they were about to have a liquidity issue during Wave 1. The sharks smell blood in the water and they will pounce again... even harder this time. Do not underestimate this... traditional investors. TECHNICAL VIEW: - The beauty is that without algorithmic pressure... it is possible to have PERFECT Elliot Motive Waves... See my previous forecasts on the BANG Stocks. - Wave 3 PT: 765 - Wave 5 PT: 2000
NYSE:GMELong
by UnknownUnicorn1043646
12
$GME - Ramblings of a madman 3000% - 6000% gainsNot financial advice. I'm all in for 300k on GME at a not great but not terrible price in the triple digits. According to my calculations (i made none), the floor for GME is 3000% from the current $200 price and a max could be beyond %6000 realistic targets. That's just my opinion though based on nothing other than me trying to find chart patterns based on nothing other than retarded technical analysis. Would be fun if i was right though. Also we should be touching those prices within the next 30 days unless a split is announced which will take +2-3 months to happen. Hoping we get a mega dividend to force the shorts to cover.
NYSE:GMELong
by leenixusu
5