It would seem that retail investors and institutions alike just see dollar signs in Gamestops near future despite a recent letter by R. Cohen ripping GME’s board a new one.
We’re all just looking for the same thing - a cyclical ride to the land of heavy bags and Lambos. Volume in the prior week was relatively dry, despite a steep selloff Gamestop gon’ do what it does best - keep making consistent stair-stepping gains to the upside.
I expect retail and institutional investors to continue to pile into their positions over the coming weeks, expect volatility as the battle between the bulls and the bears will be decided to go into the start of December.
Continue to watch consumer spending and overall sentiment, this will only further fuel the narrative. As far as I’m concerned, even an unemployment increase is good for Gamestop's bottom line.
I’ll continue to play the waves, its been good to me and the trend is your friend.
Disclaimer: I have short term calls and am actively selling puts in GME. This is not investment advice.
We’re all just looking for the same thing - a cyclical ride to the land of heavy bags and Lambos. Volume in the prior week was relatively dry, despite a steep selloff Gamestop gon’ do what it does best - keep making consistent stair-stepping gains to the upside.
I expect retail and institutional investors to continue to pile into their positions over the coming weeks, expect volatility as the battle between the bulls and the bears will be decided to go into the start of December.
Continue to watch consumer spending and overall sentiment, this will only further fuel the narrative. As far as I’m concerned, even an unemployment increase is good for Gamestop's bottom line.
I’ll continue to play the waves, its been good to me and the trend is your friend.
Disclaimer: I have short term calls and am actively selling puts in GME. This is not investment advice.
Comment:
This trade is still open. I have $15.00 Calls exp today. Long-dated roll out from there.