Are we ready for the show boys n girls? From the market taking a dump to the mysterious ice cream cone tweet, the GME machine is back in the house. The float is tighter I'm sure short positions have been added at the retail level, options are mind boggling and the media is warning people to stay out. Premarket is already getting some decent volume and a good percentage up from yesterdays close. Let the battle begin.
I think if we see $70, we don't make it back above $100, but that's just my opinion. At least not for a few weeks before they try again (if they try again). If the bulls lose $90 on a couple hourly candles in a row, honestly I'd expect $50's within a trading day or two after.
I think some tuna for lunch, then a nice fancy coffee with whipped cream on top. After that we will do a pizza for dinner. What about you?
Just broke below I think there is a limited amount of buyers up here. Even with 7M people reading WSB, lets say 10% are in. How much buying will they keep throwing at it? A squeeze is good to get some upside action, but once that is done, where to? I cant imagine the hedge funds keep getting caught short over and over. They have to be some real dumbasses. At some point your reach equilibrium, which for GME is in the $40-$60 range.
Honestly, I dont think this is over just yet. Still digging and trying to get a grip on some numbers that just don't make sense.
I was watching that drop. I still have my 10 shares, What the hell....might as well see what happens with this damn thing.
Sell them for a profit then watch WSB and price action closely when it holds steady around $50 and then rinse and repeat. That’s what I’d do if I was trading GME
I was thinking EXACTLY this, T0rm! Edit: But I also remember that obnoxious tax return I had that year I was practically day-trading. Ah, what the hell am I going on about? Money, baby, MONEY!!
