GME - does not end well Short

GameStop CorporationNYSE

Description

⋅ Jan 27, 2021 3:06 AM

I am certainly not the first to say this, but this type of run-up typically does not end well. It has a similar setup to KODK back in 2020.

This type of trade needs volume to continue to push the price up. If volume continues to fall , I will start a short position (1/2 of what I usually do) targeting a drop to $100.

Order cancelled

⋅ Jan 28, 2021 3:12 AM

Out of principle and respect for the WSB guys - I will not short this trade.

Trend Analysis

Comments

testmuffin13

⋅ Jan 27, 2021 3:26 AM

the short squeeze has not started yet and there are 5-8 million in contracts that have to be bought on monday.

GME is going to 1000+, DO NOT SHORT.

kenects

⋅ Jan 27, 2021 3:23 AM

Went to $248.00 on the 26 of Jan 2021