Well looking at any shorter term charts than Monthly on GME any technicals break down for this movement. Truth be told it is pure unfiltered meme power, channeled through jokes about Chicken tenders and Pepe the frog. God damn anyone who says there is any fundamentals behind this, because no you are wrong, they will not become the next Microcenter of PC parts anytime soon ( and that's the only path I see for them going forward because EPIC and Steam have cornered online game market). I wanted to know when it will end and I had to go back to 06 on Monthly candles to draw this line. Well I guess you can say that is the final resistance to clear and ill bet my first born son it wont. End of the day I think the short sellers who got bailed out and reshorted towards the top will likely break even, Hedge funds always find a way to win at the end of the day. Many idiots on reddit have made more money in the past week than I have all year trading, and god bless them, I just couldn't bring my heart to join.
But Alas the fun has run out, that is unless it breaks that resistance in which case ill say F**K it and join them. Until then, im not going to short, when a stock or any asset has made such an insane move, up or down its best not to chase it either way. Truth is a good trader is in when it is quiet and out when it is loud. And Gamestop, well its DEAFENING, people are going to get hurt, and the Democratic 2000$ stimulus can't come soon enough. God bless the Executives at GME who likely hold ridiculous 6$ option packages, I wont say they deserve it, but I hope they enjoy their 2nd or 3rd Yachts. Am I upset I didnt join in early? Of course, anyone being salty about this would be lying if they said otherwise. But I am boarding the next train in the station on NOK, at least they have a company that isn't hemoraging cash like a bad guy Buffy the Vampire Slayer sliced at their Juggular Vein. Wall Street is broken, it always has been, the trick to getting over the potholes is to ditch the Fancy Ferrari type analysis and pick up a 1980s Group B rally car (look it up on Youtube) and spool that turbo up like no tommorow, because that cracked pavement aint nothing for you and your Co-Driver
But Alas the fun has run out, that is unless it breaks that resistance in which case ill say F**K it and join them. Until then, im not going to short, when a stock or any asset has made such an insane move, up or down its best not to chase it either way. Truth is a good trader is in when it is quiet and out when it is loud. And Gamestop, well its DEAFENING, people are going to get hurt, and the Democratic 2000$ stimulus can't come soon enough. God bless the Executives at GME who likely hold ridiculous 6$ option packages, I wont say they deserve it, but I hope they enjoy their 2nd or 3rd Yachts. Am I upset I didnt join in early? Of course, anyone being salty about this would be lying if they said otherwise. But I am boarding the next train in the station on NOK, at least they have a company that isn't hemoraging cash like a bad guy Buffy the Vampire Slayer sliced at their Juggular Vein. Wall Street is broken, it always has been, the trick to getting over the potholes is to ditch the Fancy Ferrari type analysis and pick up a 1980s Group B rally car (look it up on Youtube) and spool that turbo up like no tommorow, because that cracked pavement aint nothing for you and your Co-Driver
Comment:
Wow well like I said if it breaks that upper resistance I'll say F**k it and add a little bit. My firstborn son is long gone now, you autist really did it and because none of your dads ever told you this I will, "Im proud of you".