Fishy... Like the people manipulating this ponzi are having some fun.
Short interest is down to 30%, the pump is nothing more than the usual secondary pump seen on pump and dumps:
This is not advice to buy or sell.
Telling GME bagholders not to gamble it all is like being at the casino and telling a gambling addict not to bet his lifesavings at roulette on 37, you don't even bother, because if they listen and 37 comes up oh they're going to be mad!
Have you read the changes by the DTCC scheduled for the 19th? The announcement about Ryan Cohan?
Its not a pump and dump but rather a reaction to the ongoing development.
@MrRenev, Guess you didn't hear about the GME bonds maturing either.
Or how GME developed a "netflix for gaming" platform, but couldn't deliver earlier due to bandwidth issues. Gigabit internet certainly solves that issue.
I'm sorry, what is Netflix's price currently?
The sooner you admit you've made a mistake, it is not a cult, and people just like the stock, the sooner you can go back to making quality content.
@mattyraff, I hope you don't mind me being blunt. This is typical baghodler speech. It could literally be copy paste haha! Hey the stock market is a pyramid scheme so GME might follow the bubble, still a bag.
Just 1 example.
When Nokia announced some random "bullish news" back in 2001.
"this move results in nothing more than lowering Nokia's costs, which can only be good for the consumers and shareholders."
You can look at the forum yourself, the discussions are still there with all the usual garbage bias.
You can find plenty like this all over the internet. Some people even make entire websites around it.
mattyraff
⋅
@MrRenev, hey man, I'm here for the ride. I totally get where you're coming from. GME has thrown fundamentals out the window and is 100% a gamble at this point.
This doesn't make you wrong or us right. Let's wait and see :) We could be both right. It could go to the moon first, then to 10$.
I'm here for bluntness. Its how I learn.
stevo9494
⋅
@MrRenev, Thank you for the Analysis and the historical comparison! helps grounds me to reality.
hoptree33
⋅
@MrRenev, Hahaha, maybe you would have gotten some attention during the several weeks when GME hovered between 40-50... But dude, you see that pre market action ? 10-20$ price increase per day the last week ?
How many short shares you holdin bro ?
Zabadabadoo
⋅
If I get a third pump in my wife's boyfriend will be impressed.
soltarikensho
⋅
Except it's not a pump and dump, it's a good company making big changes with a newly stacked roster of executives that are highly motivated to turn the ship around, and they have a running start. Also if you truly believe the short interest is only 30% I would say that is very naïve, shorts have synthetic longs but are still net short, perhaps even more than ever. Market Makers are now on the hook for countless amounts of shares from writing naked call options, DTCC will start cracking down on the avalanche of FTDs, and this will all be stoked by bullish catalysts for months to come, like we saw today. Comparing this situation to random tickers with very different circumstances is obtuse if not blatantly deceitful.
Have you read the changes by the DTCC scheduled for the 19th? The announcement about Ryan Cohan?
Its not a pump and dump but rather a reaction to the ongoing development.