Why did the Little Moron make it to the Moon and the Big Moran did not? Because the Little Moron was holding a little *more-on* the rocket ship than the Big Moron.....
Morale of the story is to Hodl on tight to the rocket ship - it could get very bumpy as Mr. Market does his best to knock everyone off the rocket before the MOASS.
Based upon major trend lines GME could stay mostly sideways until the 16th...but that seemed too predictable. Either way a catalyst that triggers the "bull trap" is anticipated in the next few days/weeks. Then a sharp and sudden reversal. If GME drops sharply within a broader market sell-off - FUD will be deafening...and this is what I expect to occur. This extreme FUD and appearance of weakness in the broader markets will encourage bears to pile onto their GME shorts and not cover as greed kicks in. MOASS type events don't happen often but when they do the stock involved usually goes almost straight up 1st, then almost straight down briefly before lift off. This volatility will shake off both bulls and bears and only the quick, the lucky, or the retarded will be able to hold on through the gyrations. I expect some real craziness with GME fairly soon, but hey I like the stock.
Hang in there!
Do you believe that 1. Deep ITM calls and hidden short interest is likely, and that all coincidences with FUD and DTCC ruling meaning GME has an insane chance of actually popping off for the real squeeze, and 2. that GME can rebound to at least 100-200 after good leadership and positive cashflow?
The negative technical analysis here while sound, since a lot of patterns are similar to GME, where retail traders FOMO after the first spike, only for them to be wrong and eventually die out. Is retail right? Or are apes truly dumb, and holding onto a dead stock
Well said from both sides of the coin. Good and thoughtful thinking.
However, irrefutable evidence of FUDs and hedges possibly hiding SI % by buying ITM calls and exercising them immediately is definitely irregular, and a lot of signs point to a very possible squeeze that is yet to come.
The current two thoughts on this are that;
1. Insane volume during the first Gamma squeeze likely had enough room for shorts to cover all their major positions, while the media is not lying.
2. Or that, the shorts lowered their SI% by buying deep ITM calls that correlate directly from the time of purchase to drop in SI without the increase in price, and media is all bought off with the FUDs and fake scare tactics.
I personally do believe in the stock, as too many people smarter than I with a proven track record of making consistent returns, doing insanely deep technical analysis of the stock to the extent of which I have never seen.
Looking at GME the past few months has seriously made me feel like I'm wearing the biggest tinfoil hat and can't see that I'm just caught up in the back end of a FOMO pump and dump, but a lot of the data seriously points to hidden shorts that still have not covered.