drchelsea1

GME - GameStop - The Game Is Over / Exit Time

Short
drchelsea1 Updated   
NYSE:GME   GameStop
0. Notes to follow;
Comment:
1. Head & Shoulders Completed with Break of $225/$230;

2. Next Support in the $120 to $130 Range;

3. Next Support after that in the sub $100 range - $70/$75 range;

4. Should finally settle sub-$40 and slow burn from there down over weeks and months to come;
Comment:
We have been short since $370, but Technically "This stock is completely broken now. From a sentiment perspective."
Comment:
The only play left now will be day-traders pushing it up and down like a YO-YO, and it heads back down into the lower teens.

As the volatility reduces on this, and the derivatives related to it, the incentive will be gone for traders, and it will dwindle and fade away.
Comment:
MOVIE WALL STREET AND GAME STOP LOL!!



Gordon Gekko : Fox, where the hell are you? I am losing MILLIONS! You got me into this airline and you sure as hell better get me out or the only job you'll ever have on the Street is SWEEPING IT! You hear me, Fox?

Bud Fox : You once told me, don't get emotional about stock. Don't! The bid is 16 1/2 and going down. As your broker, I advise you to take it.

Gordon Gekko : Yeah. Well you TAKE IT!



Gordon Gekko : *Right in the a%% you f%%king sc%mbag c%cks%cker!*

Bud Fox : It's two minutes to closing, Gordon. What do you want to do? Decide.

Gordon Gekko : Dump it.
Comment:
UPDATE

GAMESTOP ABOUT TO BREAK $100 - WHEEEE!!!!
Comment:
GAMESTOP $99 SPECIAL COMING RIGHT UP FOLKS!

Wow. 50+ Percent Loss in less than 1 hour of Trading.

Isn't this fun? I would think it would make you sick. Really sick. Body, mind, emotion and spiritually sick to watch your money disappear.

Wow. Sad. Really Sad.
Comment:
UPDATE $95 and Still Dropping

"As your broker, I advise you to take it."!

Actually eating Popcorn, making a ton, and watching this thing implode. Wowser.

Tendies and Champagne tonight folks.

WINNER WINNER CHICKEN DINNER

LOL
Comment:
Hey WashGuy @washguy,

"As your broker, I advise you to take it."

"Right in the A$$" As Gordon Gekko says :)

I LOVE IT
Comment:
The BID is $89 and Falling. Wowser. More Popcorn Please!!
Comment:
This reminds me of the song, "Thrift Shop". Instead of .99c for a T-Shirt it will be .99c for a GameStonk Share. Who sings that? We need Mackelmore up in here LOL.
Comment:
Holy CRAP

We sold the $200 Feb 5 CALL for $180 the other day.

It is worth $6.00 right now. That is $174 per contract profit.

We will be leaving TradingView and retiring shortly.

Wait, we have been retired for years, just making bank against bad retail bets.

You know "a fool and their money are luck to get together in the first place."
Comment:
UPDATE - OUR CHART TARGET OF $69.90 IS ABOUT TO BE REACHED.
Comment:
Where is Wash? In the back of an ambulance with a Cardiac Arrest?

Only your life savings my friend. No worries. You can make it back! LOL
Comment:
HALTED 02/02/2021 11:18:24 GME GameStop Corporation Common Stock NYSE
REASON: M (Volatility and Stock Completely Worthless)
Comment:
UPDATE - GET YOUR OVERPRICED GAMESTOP, $97.50, What a joke.

Don't do it. Please don't buy this. Please, please, please.

We need to cover, as Wash says. As if. We don't need to cover anything folks.
Comment:
UPDATE

2:28PM EST

We just put a BUY order in for 1,000,000,000 shares at $0.01.

We are going to buy GameStonk for Peanuts, as that is all it is worth, and for about $1200, we are buying the NAME, just the NAME. Worth about that.
Comment:
WHY IS HE CALLED WASHGUY?

I was wondering why he calls himself WashGuy? So we took a poll around the office and here is what I got:

TOP 10 REASONS That @WashGuy calls himself WashGuy.

Number 10

He washes cars at the local car Handy-Wash, and can be found there 7 days a week, with Sham-Wow(c) in hand, and will polish your shifter KNOB until it shines like the morning sun;

Number 9

He works at the local golf course. He is that lackey that you see, mal-dressed, Rain-Man type, picking up golf balls with an ice scooper on a stick with a stunned look on his crooked face. He then proceeds back to the Men's Club House, where he hand washes all the men's "golf" balls, one at a time ;)

Number 8

He is just that guy. You know, completely washed up in every way. You take a look at such an unaccomplished and deficient individual, and you realize that he never was going to be anything anyways, so he is just "wash", that washguy.

Number 7

His pal at work standing next to him on the fryer and cook line turned to him one day and yelled, "Hey! You need a frigging wash! You hear me guy!" And the name just stick.

Number 6

It was a mix up about 10 years ago. Somebody was looking in a room for a man of distinction, a man with class. When he saw no one that fit the bill, he said, "Which Guy, Which Guy?". Wash was in the room at the time, busing tables for spare change, and thought someone said , "Wash Guy, Wash Guy." He believes that is his name ever since;

Number 5

He works at the local laundromat. You know that guy. "Clean and press 5 dollar? Me love you long time."

Number 4

He was in the military, and washed out hard and fast. At least he saved us the money on cost of the court-martial for incompetence.

Number 3

He owns a Bath House, and likes to Wash other Guys. He enjoys it. No charge.

Number 2

Apparently he knows how to work a pressure washer.

AND NUMBER 1

He got completed Washed Out of the Stock Market, when he bought Game Stop and thought it was going "To the Moon"!
Comment:
UPDATE

Bud Fox: The bid is $71 and Going Down Hard Gordon. As your broker, I advise to to take it!

Gordon: Dump it. Dump it all.
Comment:
UPDATE

This is a song by Morrissey (Formerly of The Smiths) that describes what is happening now:

It's Over

Morrissey

Your baby doesn't love you any more
Golden days before they end
Whisper secrets to the wind
Your baby won't be near you any more
Tender nights before they fly
Send falling stars that seem to cry
Your baby doesn't want you any more

It's over

And it breaks your heart in two
To know she's been untrue
But oh, what will you do?
When she says to you
There's someone new
We're through, we're through
We're through

It's over
It's over
It's over

All the rainbows in the sky
Start to even say goodbye
You won't be seeing rainbows any more
Setting suns before they fall
Echo to you that's all, that's all
But you'll see lonely sunset after all

It's over, it's over, it's over
It's over
Comment:
UPDATE

THE BID IS $55. WE SUGGEST YOU TAKE IT.
Comment:
UPDATE STOCK AT $51.50 AFTER HOURS.

We continue to make money on our PUTS. We are very happy watching this, and we have 6 more weeks on our PUT Contracts. It is a good thing we are NOT an institution, but used to be one, before we defied them all and quit. We DO have institutional trading abilities and lots of capital. We could actually SHORT physical GameStop shares. We didn't bother. The Margin wasn't even that bad. They are giving incentives to help drive it down. Those with deep pockets only need apply.

Where to we go tomorrow? Sub $40 might be a good guess.
Comment:
Where are they getting the shares to short from? When the price drops, it is because people are selling. Those shares are IMMEDIATELY AVAILABLE TO INSTITUTIONS ARE THOSE WITH NINJA SKILLS AS WELL.

Then the price does exactly the opposite. As the volatility goes down the PUTS get cheaper, and this thing WILL DO THE REVERSE OF WHAT IT DID GOING UP.

Might go way below the price where this all started. No joke. Went to $500? Could it go to $1.25? Of course. If it can go up 2000 percent in 3 days, it can go down 3000 percent in 4 days no? Gravity. It sucks.
Comment:
UPDATE

We were watching this for a Dead Cat Bounce off of $50 or $40. Wowser, the DCB off of $50 went to $75.

Day-traders having a lot of fun with this baby.
Comment:
UPDATE

We are holding NAKED $200 PUTS that expire today. Those will be "pocketed by us" at the close. Probably see the full amount, in the account, by 8pm.

Thank you very much :)
Comment:
And then the "release of a Massive Amount of Margin" that they froze the day after we bought them.

How can you allow us to sell NAKED PUTS on one day, with small margin, then the next day with it in the account, say the margin is 100x that? Well you cover and get bent over, or you liquidate to hold margin, or in this case, you tell them to use account B that is loaded to the max. Then you hold the course and wait until today. Those are Diamond Hands. They are hold millions in margin right now. Millions. We are risking a lot.

If Gamestop closes over $374.50 today, we break even.

Do you think that will happen? We sold the $200 call for $174.50.

Have a great one.
Comment:
One day that CALL is $22.50, Margin is like $10,0000US per contract;
The Margin Requirements the next day were $10000US per contract x 10;

- We SHORT HERE

The Margin Requirements the next day were x 10 that;
The Priced the Maximum TOP of GME at $1000 in their computer systems;
The next day the phone was ringing. No "Notification in the Desktop Platform" here baby;
Wow. It briefly went to $500+ we did sweat a little, we figured $1000 was the "top out figure". We would have been Millions in the hole by then;
Luckily the "powers that be" rigged the game for us, because they were "holding the same position as us".

So holding the "same play as the big boys" was the "real sure bet" to make money on this baby. Just don't be shorting at $20, like those idiots. Short $300+ which we did, was the right move, but selling naked $200 calls.
Comment:
UPDATE GME < $50 A SHARE

WE RULE WITH A IRON FIST!

WINNER WINNER DOUBLE CHICKEN AND STEAK DINNER
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