I think i've caught the next GME run. The data has been extremely unclear for a while now until yesterday's data came out which shows a strong signal for next week. I won't share the data or the PT here as not to risk things.
TLDR: -Next week GME there's a chance to run.
I don't know if we will have enough time to buy on Monday or whether one has to buy today on Friday. If you're buying shares, buying on Friday should be fine. If you're buying options, the weekend theta and possible consequent IV on Monday will ruin you, you'll literally open at -80% loss on weeklies. Obviously this means other meme stocks will go up too and so will the market as well. Right after this run is concluded, the market should finally do it's thing and "correct" itself.
No positions yet. Considering an all in here. Not sure yet and when to buy and what to buy. 85% (made up number, not based on any statistics) confident in this one. Maybe 80%...
YOU DO YOU. This signal comes at a moment where the market is overbought and the whole market is due for a pullback. Buying HERE is NOT NORMAL. It is the OPPOSITE OF NORMAL and a person with half a brain would tell you that too. Regardless, the signal for a run is very strong... Imagine seeing a GME run in a dying market... every... time... I don't know if i have the balls to go for this one yet.
In my own logical opinion, buying today is a mistake and you should wait and buy on Monday or Tuesday. In my illogical opinion, you should buy today. What i'm likely to do... one of the two... i have no idea, the two sides of my brain are fighting over this.
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This trade is literally insane. I'm literally saying that the market will go up more at it's currently levels even from it's current insane levels...
That's what the data says... It doesn't make any sense to me... Is the market THIS ILLOGICAL???
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lmao too late...
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Yeaaaah, gonna stay away for now. This thing is too hot for me. Unless there's a pullback, i'm not buying it.
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Absolutely would not buy anything today... i smell EOD hedging of everything... KO is moving in an interesting manner compared to everything else :)
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Wonderful, no rip without a dip first. Looks like today will be a nice down day for everything including GME. If the market continues to dump like this, GME is very likley to run this week as it loves to do this into bear market volume.
What better time to cover than in a bear market.
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Decided i won't be playing this one. I'm just gonna observe. You do you.
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Vix is 7% up today, i expect nothing less of this shit at this point :D Dump today, then pump it.
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Building a tiny tiny tiny tiny position just for research purposes. Just wanna watch it dump as i buy calls because it's interesting to watch it do that. imgur.com/a/JIF49iP
This position is probs gonna be a loss tbh.
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Ok i bought whatever i was gonna buy. Let's see what happens. I normally have a conservative PT of $28 ish for this stuff, but something looks different here, there's a chance for some really dumb price action to ~$45.
Don't ask why, that's what my indicators say...
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And to reveal the time of the run. Basically tomorrow. I was expecting a bigger dump today, but ok... i'll take it.
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Aaand i'd be careful, there's a bit of a dip coming today. Can't tell to where.
Trade closed manually
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Congrats to whoever caught the run. There could be more, e.g $48 but i'm good for now.
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FYI i sold whatever i had, i really think this could go to $48, but after yesterday's events, i'm not touching this anymore. IV's too high, too much uncertainty around this now.
I hope you took some profits yesterday before close. Anyway, i consider this post closed e.g maybe get puts.
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Well there, it did the thing. It dipped, now let's see if it wants to rip. I got a tiny minimally volatile position to ride in both directions.
I really think it's heading down to $14, so maybe don't go all in here. Save cash for what will likely be another 2 month dip to $14.
Since bbby is already moving is the chance for another dip reduced?
leenixusu
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@Sleya no dip. Any opportunity for a dip has been invalidated. Now to see the main event tomorrow.
walden50xu
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Retail for once was smart and bought puts on spy. So naturally they have to crush all of them as retail is not allowed to make money on a large scale. 2/17 is stacked with puts. once that levels out with calls or the puts get sold off then the down leg can begin. It's absolutely disgusting but that's how this all works, fuck whatever side retail is loaded on.
vim1996
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14???? what happened to 45 or 30
leenixusu
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@vim1996, The run happened unfortunately and that was it... I was expecting a lot more. The basket had a composite price of $54 yesterday and had it stayed up there, GME would've had to catch up and reach aroudn $48 to be on par with it. But today most of the basket stocks e.g AMC, GRAB, HOOD, MARA, COIN and others and especially GME itself dropped a lot due to BBBY's pump and consequent dump yesterday which affected the XRT ETF that GME/AMC are part of which in turn caused those two stocks price to drop dramatically.
Today the basket's composite price is $42, that's a 20% drop from yesterday. It's clear that they are in damage constrol and are NOT going to allow a run to happen. They derisked early yesterday in order to be able to do what they did today which is to dump it all. From this point on, we're going to see a new bottom before we see a new pump... and that bottom in my opinion is gonna be 14.xx by early March.
Sorry about that, things change from day to day very quickly. If you're stuck with one idea e.g $48, and don't take in new data and info, then you're only going to be left behind. I mentioned in the post that i took profits last night before close to show how i don't trust this run because it happened too early... it was a sign that de-risking started early (possibly because i went and told the whole internet that a run was gonna happen today) so here we are today... downs as a result.
Gooseman1019
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$14 but it’ll happen in a week or two
turklopfer
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Leenixus is the only real trading king
dvs98072
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is your data back tested? i see a run on the 7th
leenixusu
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@dvs98072 Yes, i have a researcher friend who eas able to normalize and clean the data to run basic autocorelations. I'm glad to say it works.