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Gamestop

GME Bulls never left the helm of the rocket ship!!GameStop’s chart is very interesting as of late. If we ignore the FUD, media machine spewing you know who’s rhetoric, etc, what are we left with? Glowing fundamentals (in fact, the best case scenario is/has happened and IMO, is NOT priced in yet) Technical Analysis: Bollinger bands highly compressed. This can indicate big volatility incoming. Macd poised at the same position before entering bullish territory right before January gamma squeeze. 50 day MA provided a bounce (bullish) I fully expect to test prior highs and discover new ATH very soon indeed. HODL apes!!! It’s coming!
NYSE:GMELong
by Gameonanon23
1
$GME - 13D FTD Period Incoming1) Banks/hedge funds and friends are required to have additional collateral/liquidity available via rule SEC rule 15c33. This rule has existed since 1973 but was never enforced, until 2020 where certain people said that Banks and friends have 6 months to get their shit straight... The end of those 6 months is on April 22. Source: www.reddit.com 2) I started counting the 13 day FTD delivery periods and interestingly found an obvious pattern of both pumps and dumps. Needless to say, there seems to be an incoming FTD cycle end exactly on April 22 which also happens to be the day the 'old' rule is finally enforced. 3) Several other SEC, NSCC and DTCC rules have already been enacted in the past ~1 month alone that are building up like a drumbeat to something. Likely Rule 801 or "SR-OCC-2021-801" The rules already enacted are slowly clamping down on illegal hedge fund/bank shorting activities specifically activity that violates regsho as well as regsho inadequacies like hedge fund and bank abilities to use derivative instruments like options to hide shorts and perpetually reset FTDs. Once all rules are in place, OCC 801 can also be enacted and once that's enacted, it's likely that we'll have the GO signal for Gamestop's Mother of All Short Squeezes and other stocks liberation from excessive shorting and hiding shorts in FTDs and daily-bi-daily FTD resets. I'll probably be wrong about the above again, so take it with a grain of salt. It's one part of my own thought process about Gamestop and where it's going. I'm not providing my price target for Gamestop because it's conservative and doesn't match the price target set by most individuals trading Gamestop. May Ryan Cohen shower us in tendies.
NYSE:GMELong
by leenixusu
2
$GME - 13 Day FTD possible extensionAs per my previous post, i think the 22'nd of April would be too obvious of a date and is likely to be be a whipsaw date where the price goes down too quickly and back up again within the same day. I believe the actual date where something could occur is approximately May 7 to May 10'th. This is a speculation based on the following factual information. 1) 22'nd is the date that SEC rule 15c33 is enacted at full force. Banks/Hedge Funds and friends must have buttloads of additional liquidity available otherwise they risk getting margin called and liquidated. 2) 30'th Ryan Cohen of Gamestop will delete the 2023 Senior Note Bonds e.g will wipe out 217 million remaining GameStop debt. This will allow Gamestop to re-start their quarterly dividend or to do other amazing things like stock splits or stock buyback. Only after the 30'th can any major things like stock splits or dividends occur due to the debt elimination that will happen on the 30'th. 3) Chart Technicals also show convergence/divergence near the same date/s e.g that something should happen on these dates (not necessarily). If nothing happens on these dates, the next dates to follow are between June 9'th to June 28'th. 1) June 9'th Gamestop Shareholder Vote and possibly earnings/dividend or split or something... 2) June 28'th the Russel 1000 reconstitutes itself and may add Gamestop to it. Gamestop is currently part of the Russel 2000 which has $1.9 Trillion in passive buying power whilst the Russel 1000 has $19 Trillion worth... You get what i'm saying... It's the equivalent of Tesla joining the S&P500 but for Gamestop. If the 110% - 1900% short thesis still does stand and the 20% self reported short number we're being fed is truly bs, then as you see there's still tons of catalysts to make GME go to the moon either slowly or quickly. My price targets (prepare to get triggered) is not 100 million. I think that the current actual price of Gamestop if shorts were not weighing on us, would be at $7000 - $9000. If the shorts were to cover and to re-establish themselves, i estimate that the average real prices people would be able to sell at will be between $7000 - $56000. That may not sound like a lot, but on average, it would cost the shorts $3,000,000,000,000 - $5,000,000,000,000 to cover. I don't believe in the millions per share theory because we'd be costing the banks and the shorts close to 1 Quadrillion dollars, that's about this much $1,000,000,000,000,000. Though there is a theory out there that the entire system is going to explode and will cost everyone $2.5 Quadrillion dollars, i don't believe GME is the one that's going to magically eat up all that loss. If i were to put out a theoretical bs high number for gamestop when it squeezes, i'd say something between $56,000 and $3,000,000 but i don't believe in it. The cost would be too much for anyone to handle... It might happen but... i'm going to try and stay within reality.
NYSE:GMELong
by leenixusu
2
$GME - Launch attempt #2Hi y'all, As always i'm not a financial advisor, this is not financial advice, i'm really just an ape and this is tea leaf reading. DFV DFV has twote/tweeted whatever you wanna call it and has indicated on the 6'th of April nine GME symbols hidden in his tweet. The next day on April the 7'th he posted the Heyaaa guy with a inserted number eight on the drumset. He's counting down to something. His 500 contracts expire on the 16'th and that's exactly where the countdown leads. Incidentally all major banks have earnings next week starting from the 13'th through the 15'th. I believe this is the fiscal quarter earnings for them and if they've been really involved in heavy GME shorting, losses should be appearing in their earnings/balance sheets. Considering how stupidly high banks are trading right now, though not completely in the overbought area, are in my opinion bound for a huge correction on these earnings calls next week. GME must have absolutely ruined them this quarter. If it hasn't, then maybe they kicked the can of beans to the next quarter and we'll see then. If they do report horrific earnings as i hope they will, this should be the catalyst to the Market sell off and SPY finally coming back down from it's dizzying nonsensical $408 price... Last time prices went this parabolic was during the softbank incident last year then they sold off their bets and killed everything. I recon the same will happen this year either in the next 2 weeks or after the June 10 voteholder/chairman meeting thing for GME. I have bets in place FOR GME and against JPM, C, WFC and BAC for the impending market crash. There's the idea that GME will crash the market. Yes. Overly leveraged banks being short and naked short on GME will report losses next week unless they managed to hide them under the rug somehow. Once they do, investors sell off their bank shares, prices plummet, everything goes to poop, company market cap drops dramatically, they are suddenly over-leveraged and get margin called and the sell offs begin with their longs getting liquidated first in order to cover their shorts on GME and other stocks indiscriminately and at full force. The fallout occurs and the recovery is swift due to the new DTCC rulings and the market goes back to "Normal" except the swamp has been mostly cleaned and a lot of hedge funds have defaulted, Citadel has defaulted and been absorbed by Blackrock, rare lifetime chance to buy into a clean market undiluted with muck and actually become a long term investor... in GME! Good luck apes. My bets are big and heavy on GME 91% portfolio and 9% vs the banks.
NYSE:GMELong
by leenixusu
7
short term [CONSOLIDATION] || mid term [BULLISH]TECHNICALS Currently consolidating Volume falling, so looking for a trend reversal soon Stochastic + MACD indicators showing BULLISH ready almost Cup and handle pattern forming/formed FUNDAMENTALS Right now for me is neither a buy nor sell moment. It's a firm HOLD while things move sideways and we see what is what on Friday. They've expanded the GME team with additional Amazon + Google people, but that hasn't made a dent in movement just yet. Sales have increased by 11% in the first 9 weeks of 2021. GME also want to use their current evaluation as a leverage to sell off 3.5 million new shares (value of $1 billion). While this seems a lot, my understanding is this isn't going to affect current movement. Lowest volume since mid-january (which usually is an indicator for big moves, and the way the charts look, that big move is to the upside). Could be looking at a gamma squeeze (not THE squeeze still) this month that boosts beyond January's top of $483. With current developments, we could see Ryan Cohen - AKA Mr Chewy billionaire - become CEO. This would be a catalyst for skyrocket moves. We still don't really know the truth behind how shorted this stock is. It could be anywhere between 20% and 900%. What we do believe - as a general concensus - is the stock is definitely over shorted, and the squeeze is still a'coming... timeframe? No idea. Could be a long time based on how much GME consolidated before the January squeeze. But wont the market crashing also crash GME? No. Other securities are likely being used as collateral on leveraged GME positions. As the market melts down and those securities lose value, the GME positions will command further collateral. As the collateral requirements continue upwards, margin calls will begin going out. When that happens, GME is bought at market prices by the lender to close out the untenable positions, meaning 🚀 for us and while all the other positions used to lever GME are liquidated and continue their meltdown.
NYSE:GMELong
by ashyboywonder