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GAMESTOP CORPGAMESTOP CORPGAMESTOP CORP

GAMESTOP CORP

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GS2C trade ideas

GME TRENDS AND PRICE TARGETS, WE LOVE MEMESIf you've been following GME with me, you bought at 12.5 and below last month. Sell target 1 was 16.9, we came close but lost a tiny bit on the first topside pump. We bought the dip around 14.02 and below, and we were looking for 18, 21, and 25 with small retracements in between. I'm not sure, but per indicators, it seems we might see the higher targets of 21 and 25 before we see the retracement targets of 10 and 8. Faster and steeper we go up, the faster and steeper we drop, so remember, the time to be flinging money in without much worry was under 12.5. Now, you'll want to be trimming profits and compounding. How much should you sell and when? Only you can make that decision. However, feel free to use some my price targets if you're struggling to set your own. If you're new to trading or my charts. We usually buy and sell on the major trends, and use the breakouts as a chance to compound profits, or simply wait for the right trade to present itself, whether bull or bear. Just because we are selling at these levels in a longer term trade doesn't mean there aren't chances to jump into shorter term trades. However, USE caution at these levels. If you're bearish on this stock, you want to see it wedge down, and if bullish you want the breakout to the topside. I tried to make this chart as simple as possible. Squeeze targets included, but be REAL, it's unlikely, and it will be fast up and fast down should it occur. However, bears need to be real as well and realize that some of those topside numbers are very possible. Options get a little wild around the 26 and 32 dollar marks I believe. You only wanna play with weekly options if you know how they move in relation to the price or you'll get killed from theta. Good luck!
NYSE:GME
by nicktussing77
6
GameStop's Crypto Rollercoaster: The Rise and Fall GameStop ( NYSE:GME ), the once-famed video game retailer that captured the financial world's attention during the WallStreet Bets saga, has decided to shut down its NFT marketplace. After a year and a half of foraying into the crypto space, GameStop ( NYSE:GME ) cites persistent regulatory uncertainties as the primary reason for discontinuing its NFT platform effective February 2, 2024. The Rise to Crypto Prominence: GameStop ( NYSE:GME ) first hinted at its venture into the NFT space in 2021, a strategic move that raised eyebrows in the gaming and financial communities alike. By January 2022, the company had assembled a dedicated team of 20 individuals to manage its gaming NFT marketplace and disclosed a partnership with Immutable, signaling its intention to utilize Immutable X's blockchain. A $100 million fund, denominated in Immutable's IMX token, further solidified GameStop's commitment to the crypto realm. However, the excitement was short-lived, as the retailer promptly liquidated a significant portion of the acquired IMX tokens, offloading $47 million onto the market. This move raised questions about GameStop's long-term strategy in the volatile crypto landscape. Challenges and Layoffs: By July 2022, GameStop faced internal challenges, leading to undisclosed employee layoffs. Despite these setbacks, the company went ahead with the public launch of its NFT marketplace. However, the inclusion of Immutable X gaming NFTs didn't materialize until several months later, coinciding with the ousting of GameStop's CEO, who had overseen the company's initial foray into the crypto space. The Unraveling of Crypto Ambitions: Fast forward to the present, GameStop ( NYSE:GME ) has decided to bid farewell to its NFT platform, leaving traders and enthusiasts with questions about the company's abrupt exit from the crypto space. Notably, the discontinuation of its NFT wallet was declared approximately four months ago, raising eyebrows about the company's decision to stagger its departure rather than shutting down both products simultaneously. Regulatory Scrutiny and Uncertainties: GameStop ( NYSE:GME ) points to ongoing regulatory uncertainties in the crypto space as the primary driver behind its decision to cease NFT marketplace operations. The move comes amid a broader global conversation about the regulatory framework surrounding cryptocurrencies and NFTs. The absence of clear guidelines has left companies like GameStop grappling with the risks and challenges associated with navigating this rapidly evolving landscape. Conclusion: GameStop's rollercoaster journey into the crypto space, marked by ambitious plans, strategic partnerships, and subsequent exits, reflects the broader challenges faced by traditional companies venturing into the volatile world of digital assets.
NYSE:GMEShort
by DEXWireNews
GME positive accumulation by institutionsMy Force Accumulation indicator is showing that institutions began massive shares-accumulation since the pop-off from $12 to $17s. Have a short-term target price of low $20s. However, based on the amount of accumulation, it's possible that institutions on the long side of the trade are prepping for an actual squeeze (possibly a gamma squeeze?) and we blow past resistance on the way up. Short interest also seems to be increasing to make it look like GME falls when the SPY falls. In my opinion, they are trying to hide GME's launch within the general market's volatility. GME made a +50% this month, and media didn't bat an eye. One more +50% takeoff and we could be reaching close to the $30s. Strap in boys!!
NYSE:GMELong
by frosty4321
6
GME 50 EMA DefenseGME came alive in December and is currently retracing back to the 50 EMA. Things to consider, volume has been drying up since the initial move in late November, $15.41 is a strong level of support, but below that there's the gap all the way down to $13.55. January is usually a great month for this stock, but I'd love to see it defend the 50 EMA and the $15.41 level before going long. A bounce off support and a reclaim of the 50 EMA would be very bullish in my opinion
NYSE:GMELong
by SWRLS
2
$GME - Finally, but...I have 7 variations of these showing the same spike for GME and many other names in the market whilst only 1 other chart (the one i typically use to detect runs) shows that this is going back to 11-12. imgur.com Based on the above screenshot being so nicely parabolic looking, i think we're looking at a price in the early or mid $20's for now. Will keep you updated if it looks like it's going higher. GME looks good to buy as there's likely even more of a pump after this not only for GME but for many other names showing similar and even larger spikes (e.g ABSI and many others imgur.com) Looks like i was a week early on trying to catch the initial spike of the run. I had MIL:1K of calls expiring on the 24'th of Nov knowing that it could've easily skipped that week and gone for the next one as it has done many times before and ther we go... it did just that. Anyway, GME's IV is extremely high ever since my last post, so i'm not touching it neither in terms of options nor in terms of shares. I've chosen to get burnt on SPY puts instead with a decent amount of theta this time. I have positions in SPY, ABSI and a bunch of other stocks that i won't mention as ya'll will crowd up in them and kill em. Decided i'll give you this one since i'm out of this one due to high IV, so i'm throwing this one to the dogs. RC gave a beautiful signal on his tweet signifying there would be a run so i guess the data is confirmation (Or the opposite) Be careful of the upcoming COST earnings after SPY's dividends next week, if the retailer pumps, the sector stocks e.g GME and others will pump to and will vice versa. COST could be the reason we pump or we might pump before COST earnings and then dump on it's earnings.
NYSE:GMELong
by leenixusu
3
Waiting to see how this head and shoulder plays outShort Squeeze is unlikely to happen again NYSE:GME GameStop's Split Will Be a Stock Dividend Dividend stock split isn't likely to affect short sellers. While shorts would be required to pay a cash dividend if GameStop issued one, a stock dividend works pretty much the same for all investors regardless of whether you're short or long. The effect is to increase the share count and lower the share price using the split ratio and there are no extra shares to pay back
NYSE:GME
by RealizeTrades
3
Game stop at the 3 years low made a "Morning Star"?Hello to everyone! After 3 years of down trend Gamestop has shown to us in the month chart a bullish candle pattern.A Morning Star is going to be established after this year's end. In my opinion to reverse the down trend we will have to see the price to reach the level of 19$-19.20$. Is that possible? I think it is! My analysis says yes. My positions also. You all know how difficult is to analyze Gamestop cause the theory and the DD show us something different than the price action. The price is being depressed for a very long time. Even after the positive reports. That show us that some investors try hard to push the price as low as they can. Sometime they will have to buy back all this short positions,and I think this is the time. The Morning Star candle pattern is there. Now we all have to wait a dit to see an other big move up to the levels of the breakout. I opened new position at the price of 12,10$ and I'm waiting for the break out. Ps. Excuse me for my poor English cause I'm Greek and my English is not that good.
NYSE:GMELong
by jumpall44