Gamestop (GME) (January 27th 2021 through March 2021)
Low: $60-$83
High: $332-$603
Ok Elon, you win again. 1 tweet later...
Will this get dumped on hard or will this just keep going?
If it keeps going it probably doesn't have long. Online gaming and outlets such as Steam and Microsoft online game stores makes it too easy to wipe gamestop out, eventually. I do not trust this to hold too well but maybe gamestop will get smart and do more online retailing and save themselves from certain death. *cough cough Blockbuster* People still need a place to get their PlayStations and Xboxs though so let's see what this does.
Perhaps the closing of 1000+ retail shops around America in specific places will boost earnings so they can better focus their dividends towards merging with the online growth.
but for now, thank you Elon. Game Stonk. Power to the players. Tower for the traders.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
Low: $60-$83
High: $332-$603
Ok Elon, you win again. 1 tweet later...
Will this get dumped on hard or will this just keep going?
If it keeps going it probably doesn't have long. Online gaming and outlets such as Steam and Microsoft online game stores makes it too easy to wipe gamestop out, eventually. I do not trust this to hold too well but maybe gamestop will get smart and do more online retailing and save themselves from certain death. *cough cough Blockbuster* People still need a place to get their PlayStations and Xboxs though so let's see what this does.
Perhaps the closing of 1000+ retail shops around America in specific places will boost earnings so they can better focus their dividends towards merging with the online growth.
but for now, thank you Elon. Game Stonk. Power to the players. Tower for the traders.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
