TranceaddicT66

Rinse and Repeat ... at EVER HIGHER LEVEL

Long
NYSE:GME   GameStop
Note how this is an exact repeat of late-March. Seriously, E-X-A-C-T.

Earnings => Price Collapse => Recovery. (Yes, doubters, recovery has already started.)

Let's review the steps:


  • Earnings
    How it went: March was okay (not good, not bad) news.
    How its going: This time the news was decidedly positive and promising - fundamentals improved, L/T debt retired, turnaround plan in place, board REplaced, RC established as King/Chair, outlook very positive.

  • Price Collapse
    How it went: HFs chopped ~40% off price.
    How it's going: F-ers shaved ~35% off price. Just. Like. Last. Time.

  • Recovery
    How it went: Have you not been paying attention Apes?
    How it's going (to go): Do you really think it's going to be different this time ... WHEN THEY STILL HAVEN'T COVERED?

What is different between these two events?
  • Apes start $100+ above (80% higher).
  • Apes learn much in three months.
  • Apes developed wrinkles.

What's not different? It remains that ...

Ape Together Strong.
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