Hi 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.
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.
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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.