Did you know that Michael Burry is long on GME? Of course, that is not a reason for us to also pres a buy button, but if we look at redline which has a price value from 2003 lows, and on H1 MA200 which stand as a support line together with redline (RSI is at 50 levels here) we can wait for some price reverse and then take under consideration to go-ahead. I...
If you were short Gamestop last week they chances are you may have got a little nervous when a famed short seller decided to long the stock. We think it may be worth a little long trade to see just how many of the 60% short interest decide to cover.
Look, the truth is no one buys games from Gamestop anymore like we use to. We can easily download games via our console or we go to stores like Best Buy, use Amazon or buy used games or consoles through Craigslist or Facebook Market. There is nothing special about Gamestop, anyone can do what they do. What they should focus on is selling classic old vintage games....
Ok so this stock has a price to book of 0.28, would have been a 40% div yield ( had they not cut the dividend). Did this stock only drop since they cut the dividend? Do investors not care that the Assets - Liab's of the company are worth much more than the company's stock? Seems stilly. Buffet often suggests buying at a discount to book value, which we definitely...
GME has been beaten down most of the year. It's great to see positive news but unfortunate that they had to do fat trimming at the expense of employees. Either way, the news that Michael Burry is invested hasn't hurt (yet). We'll have to see if it has a lasting impact still. Overall, the chart looks interesting. Video game retailer GameStop Corp. (GME Stock...
GME (GameStop) Support at 3 because it is the nearest whole number support! Whole numbers will act as psychological price levels. Resistance at 4.7 because of previous support and resistance. Price action is looking to be trading into an area of tight consolidation until it hits the upper down trend line and sell off just like the first time. History...
Michael Burry, whose prescient bet against subprime mortgages before the financial crisis was depicted in the book and movie The Big Short, is making another contrarian call: going long shares of GameStop. We believe the low of $3.15 will hold and can go long off a stop just below. As always, trade with caution and use protective stops. Good luck to all!
hella risky but im going for it
I love when markets create irrational sentiment, this run down reminds me of the people that thought gold stocks were going to go under and gold was useless now we in the digital age, during this sentiment I was accumulating gold stocks like mad, even had a broker call me one day to try and manage my funds, in the small talk he asked me what I was buying, when I...
$GME creates a buy-back scheme to keep share price propped up, is not going to work. IMO It appears they are using the Simply Mac money to buy back shares in hopes to manage the price, instead of paying the normal dividend. To me, this is the nail in the coffin. In this 1hr chart, we see an indecision Doji at the open and then descending volume as SPY was...
The last EIGHT times GME tagged the 3.2 standard deviation of the 50 band on the daily, it reversed 15 to 35% every time. The profit ratio is fantastic.
****THERE IS NO LIGHT AT THE END OF THE TUNNEL FOR NYSE:GME EXPECTATIONS FOR TOMORROWS EARNINGS ARE ZERO. THE ONLY HOPE FOR GME IN THE FUTURE IS A TAKEOVER, BUT IT IS HARD TO SEE WHY ANYONE WOULD WANT IT AT$7.50 WHEN THEY COULD GET IT AT $2.50. SHORT INTEREST 39% AVERAGE ANALYSTS PRICE TARGET $9.90 AVERAGE ANALYSTS RECOMMENDATION HOLD COMPANY...
We are sorry we did not get into this earlier, big mistake on our behalf to not short this years ago on the explosion of online gaming. Sometimes the most obvious things are missed , this should have been the automatic short the moment XBOX etc were using downloaded games. On the positive side there is still plenty of room to run in the downside.
hella FUD around gamestop, bulls really need to step in ASAP to paint this BULLISH divergence on the daily so it can be clear on the weekly. New CEO coming in has raised concerns but im hoping that they can make a turn around and prove the bears wrong!
Gamestop is and has been a obvious short for some time. Recently rumors circulated that the company was contemplating a sale, this was later quashed by the board, thus a massive sell volume spike. When seeing this you must ask yourself who would buy GAMESTOP ? We suggest no one in their right mind. As we state on the chart, this is the Blockbuster of gaming. Sell...
Gamestop seems to have a lot going against it these days. They report earnings on Tuesday. Q4 is always their biggest quarter. If they miss, I think it's going to hurt. Even if they don't miss, how rosy can the outlook be? $10 April 18 long puts can be bought for .57.
Dying at at faster pace. Google trends is bleak. Earning is near. Play is PUTS.