This is an update to: As noted before we lacked upward movement that could end 2nd elliott wave in a statistically popular fibo retracement level. As short squeeze against Mevlin Capital inspired detail investors we have reached a popular level of 61.8%. It seems that memes have lost their momentum for buying stocks like GME or AMC according to what can be seen on the charts I assume the same will happen CDR. Just as writing this possibly S&P500 and NDX stocks are starting to loose upward momentum for the day tomorrow might be a crucial day for CDR. Reaching MA200 cannot come unnoted.
New Fundamentals (previous are still in effect): Polish WIG20 index which CDR is part of has reached a significant barrier where bears can return.
New Speculation (previous are still in effect): Short squeeze against Melin Capital (still shorting CDR but at significantly lower level) is loosing momentum as panic movements can be observed both on GME and AMC.
wow another chartist victim here.. but yes i agree it s undervalued, heavily
greetings from zurich
dostoevsky.nd
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Why do you think CDR upward movement has something to do with WSB?
If something community could have dumped the stock since they were not satisfied with the game. Plus they were interested primarily in stocks with high put option interest in them (not really the case of CDR).
Why you ignore the fact that major patch was released? That modification tool was presented?
deejayzajac
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@dostoevsky.nd, We are seeing volumes like we never have seen before. This aligns perfectly with volumes against shorting Melvin Capital in other companies. There is no direct evidence and it is speculation. As per other questions - patch is just bad. CDR admitted it will not be possible to improve the game for old gen consoles! Modification tool does not bring $ the same as free DLC :) Fundamentally we have only bad news and the company that should be already doing paid DLCs or next games is absolutely occupied fixing their mess.
dostoevsky.nd
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@deejayzajac confirmation bias. No evidence of speculation from Reddit, but volumes are present. So what? CDR is quite popular stock after it got listed on other exchanges. Have you personally checked the patch? It improves a lot actually. The problem with the main quest has been solved within the next hours. Moreover, you miss the fact that majority of players are PC gamers, who were quite satisfied with the game. Everyone who get upset with the fact that 2020 game is not working on 2014 hardware are just insane. At last CDR was occupied with Witcher looong after its release. Implications that they are supposed to be working on something else is groundless.
dostoevsky.nd
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Am i arguing that CDR is Not overvalued? No. Am i suggesting your line of argument is wrong? Yes.
deejayzajac
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@dostoevsky.nd, Thanks for stating that clearly. Time will tell.
greetings from zurich