Hi guys,
I know it sounds a bit crazy to those who haven't followed me before but as we know, GME runs usually happen after IEP pays it's dividends out e.g this month it would've been on the 17'th of August.
When IEP pays it's dividends, the price gaps down to appropriately mark the company's new value and this is kinda when GME starts moving.
Well, for the first time in IEP's long history, we had a HUGE opening gap.... and it's before it's dividend payout date. It just happened today on it's earnings. Historically IEP doesn't do this at all on it's earnings, so this could be attributed to the recent volatility in IEP due to those short sellers targeting IEP's practices & people having loaded up on IEP calls/puts months ago.
Regardless, my "thesis" on this is simple. All i know is that when IEP gaps down, GME runs immediately 1-2 days after. It just gapped, regardless of circumstances, i think tonight combined with what data i'm going to get from the market, we might have a green light to buy on Monday.
I'm honsetly feeling it, so i'm gonna re-buy in today. I found the IEP connection close to 1.5 years ago since today and this is the first time it does something this "different". I'm in... but a sane person would wait for tonight's data.
I know it sounds a bit crazy to those who haven't followed me before but as we know, GME runs usually happen after IEP pays it's dividends out e.g this month it would've been on the 17'th of August.
When IEP pays it's dividends, the price gaps down to appropriately mark the company's new value and this is kinda when GME starts moving.
Well, for the first time in IEP's long history, we had a HUGE opening gap.... and it's before it's dividend payout date. It just happened today on it's earnings. Historically IEP doesn't do this at all on it's earnings, so this could be attributed to the recent volatility in IEP due to those short sellers targeting IEP's practices & people having loaded up on IEP calls/puts months ago.
Regardless, my "thesis" on this is simple. All i know is that when IEP gaps down, GME runs immediately 1-2 days after. It just gapped, regardless of circumstances, i think tonight combined with what data i'm going to get from the market, we might have a green light to buy on Monday.
I'm honsetly feeling it, so i'm gonna re-buy in today. I found the IEP connection close to 1.5 years ago since today and this is the first time it does something this "different". I'm in... but a sane person would wait for tonight's data.
Trade closed: stop reached:
Yeaaaaaah.... This is gonna be a double dipper. No run any time soon...
imgur.com/a/NBRQOWT
Not only are we not going up, we're going down.
imgur.com/a/NBRQOWT
Not only are we not going up, we're going down.
imgur.com/sCXjd2T
Gotta wait a little while longer i guess.