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...
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...
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...
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.