GameStop The bears are winning the fight

NYSE:GME   GameStop Corporation
The GameStop company, a chain of video game and merchandising stores, has been in the news for a few days due to the spectacular rise that its shares have experienced on the stock market. But what happened?

1.- After the rise in GameStop shares are individual investors grouped in the WallStreetBets forum of Reddit
2.- Large investors were shorting GameStop and decided to take advantage of it to buy shares in the company. By investing in these stocks, the price started to rise very quickly.
3.- Began to buy back the shares they had sold to minimize losses, but that only caused the price to rise further. This is known as a short squeeze.
4.- As of today, February 5, 2021, the stock price has dropped. This has caused people who bought shares at the highest point of their value to lose a significant part of their investment due to the drop in price.

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Kind of surprising it is almost at $100 again?!?

Also ... they keep halting the stock on the rise but not the falls?

I have no more stake in GME, but I got to admit some shady things going on. I thought the 'apes' we exaggerating about HF's playing dirty tricks, but there is some odd things happening everytime GME hits a sharp increase.

Just sayin'...
+7 Reply
Daniel_Romero TradeOgre
@TradeOgre, thanks for sharing it.
+2 Reply
Are they?

52% Short interest outstanding, shares-failed-to-deliver skyrockets..!


TA is completly useless here.
+6 Reply
Daniel_Romero AustrianView
@AustrianView, Thank you very much for the information
+1 Reply
than3 AustrianView
@AustrianView, I have to completely agree with you about TA being completely useless at this point.

Although we really don't know what the short interest is until the numbers are released on Feb 9th and even then, there may be reporting loopholes using options contracts where the report may be borderline useless.

That being said, I've been watching this closely given the unusual market behavior and the severe buy restrictions at the broker level. I'd bet given the volume going into the options market at this point that shorts may be trying to use that to avoid reporting requirements but that's just speculation at this point.

Saw more than a few suspicious batch buy orders go through yesterday with volume of 1600 immediately followed by a sell order for 100 at the lower price dropping the price difference back down though in a working market you should expect to see the price go up when there are more buys than sells. Super shady imo, but not financial advice.
+3 Reply
@than3, Thank you very much for your contribution
You forgot 3.5 all major brokerages cut off any additional buying of the stock due to "liquidity" issues and giving buyers no other choice to sell directly causing the price to crash while it was ripping off a meteoric bull run. If your going to tell the story, tell the whole story. I'll even give the benefit of the doubt on conflicting interests when Robinhood has already had a bad track record of being shady to its customers.
+3 Reply
Daniel_Romero j4ytradesfx
@j4ytradesfx, True. Great detail. Thanks for reminding you.
+1 Reply
What happened??? Everybody knows what happened. I loved Gamestops CEO in the interview when his stock was at $375. The interviewer was asking him if he thought this was normal with a company like his to go this high. He responded "Who are you to say my company isn't worth the market value" "We are this and we are that" He was trying to put the best face on the situation. He knew this was a pump and dump. There is NO WAY a failing company like Gamestop is going to be selling for $375 a share. Congrats to the people who rode the wave and sold high. That's the name of the game. NEXT!!!
+2 Reply
Daniel_Romero jimba8011
@jimba8011, Very good information, thanks for sharing it.
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