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GME trade ideas

$GME - Another oneHi guys, Seeing a ton of short covering in the last 2-3 weeks for GME in my data. What i expect to happen: To keep things simple, i estimate that there will be about 30 days of $22-27 on GME, more likely on the lower end of those prices, then a 11% price increase around early early to mid march, a small drop from profit taking and possibly another 12% price pump mid-end March. The reasonable thing to do is to wait for you guys to drop it to $22-$23 range before buying in. imgur.com The trade: Not entirely sure from where the +11% pump will start, it could be from 22, 25 or even 27. Due to that i'm buying at $25 call expiring in around 45 days from today and then another one once you drop it to $22 ish. Basically ATM calls expiring before GME earnings as that seems to be the timeframe for what i see in my data. Will update this if the data changes excessively due to strange and excessive buying/selling caused by this post that may skew this play. Other: My AI training on this is still in progress. Will announce my website that uses my strategy on trading GME and a lot of other tickers soon.
NYSE:GMELong
by leenixusu
6
GME - Bearish outlook.GME had its day in the sun, im nothing but certain that that entire escapade was institutional orderflow and capitulation on the back of retail hype. smart move! Current structure looks bearish on the HTF's, M showing possible failed swing pattern in play, with an unmitigated BISI residing below current ITL formed after the sharp reversal in May '24. (that, may i add, swept buyside liquidity of pretty much the entire past 3 year bear trend!). On a HTF basis, im anticipating price to run the unmitigated BISI by the close of the year, i could be wrong and we could see liquidity tapped below/inside current internal range liquidity and then price move into consolidation, but, eventually finding its way lower to the M FVG residing below. Happy trading!
NYSE:GMEShort
by TuataraW20
5
GME - MOASS Still applicable This is not a financial advice, this just testing my code that I have developed… Company has more than 4.5B $ in cash and its business have value today and in the future , with no bad news yesterday it went to from 32$ to 27.9$ !! That’s mean the short squeeze has something hidden and more than what we expect. The code that I am testing did not gives a sell value until today…. So let us watch what will happen for this stock in the coming days. Note: The shorts squeeze always need more stocks with less value !! Good luck.
NYSE:GMELong
by sharbi68790
I can't believe I'm doing this - Long GME at 27.47I feel icky and dirty doing this because I hate everything about meme stocks. But the truth is, it is the best chart available right now. Everything else that is on sale according to my algo either has a chart that looks like the inside of a dirty diaper, has too little liquidity, or it's in an area I'm already exposed / overexposed to (shipping is on sale across the board). I can't remember a time when so little of any quality has been on sale. It makes me a little worried, actually. I'd have used NYSE:FRO for this idea, but I feel like it's a conflict of interest since I'm already in it (I have been for a while) and I am SOLIDLY in the red on it. That said, if meme stocks aren't your thing and you think oil is gonna rally any time soon, it's currently paying an 11% dividend for you to wait for it to turn around. Tankers are notorious for frequent, large and unexpected dividend cuts, so buyer beware on that. Anyway, back to the meme stock that started it all. It's been on a typically ridiculous bull run, going from 20 to 34 in 2 months for absolutely no good reason. Now, it's pulling back and all the NYSE:GME fanboys are wailing and gnashing their teeth and giving up hope, which is usually a bullish indicator in and of itself for a short term rally. They all start buying puts and then get squeezed out when it turns around. Besides its uptrend, it did respect support from the most recent Dec 3 low and formed a hammer candle, both bullish signs. But in the end it's a meme stock and meme stocks can do just about anything any time. Unless Roaring Kitty dies or gets arrested, a huge nonsensical pop in this one is always possible, too. Historically, my algo has been just as good on this stock as others (728-4 the 4 being in this past week so far), though it doesn't pay off as well as you'd expect, but I just hate it so much that it's hard for me to trade - especially right after a 75% run up. Up until the recent correction/fanboy panic, it had actually been producing really good, fast paying trade signals this year. It's been on my algo's buy list for several days now, and I've bought nothing rather than GME, but the price action today gave me a little hope that the worst MAY be over, short term anyway. Plus it has already pulled back 20% so my patience/resistance is getting me in at a better relative price than most of my buys do. But still...EW. Hopefully I can be out of this with a profit tomorrow and never look back. So as I hang my head in shame, as a matter of professionalism and good conscience, I can't recommend that anyone follow me on this trade. No sense dragging any of you through the muck and mire of the original meme stock. Keep your hands and your conscience clean, my friends...but if you must, be careful. Use protection and take a shower afterward. Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit. As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
NYSE:GMELong
by redwingcoach