NeoButane

$GME - THE GREAT INFLATION BAMBOOZLE

Short
GME/M1  
GME/M1  
Meme.

So the narrative for $GME, a brick and mortar store that has been closing down shops since the start of the Big Coof, is that a community of traders all agree to buy the stock and its calls, forcing price to go up and MMs /dealers to purchase shares themselves to hedge against exercised calls.

What the chart is: GME share price divided by the M1 money supply.

Now, the false party is over.


My published indicators: https://www.tradingview.com/u/NeoButane/#published-scripts

Sorry if I haven't replied to your message yet, I'm a bit backlogged :)

Comments

๐ŸŒˆ๐Ÿป
+5 Reply
๐ŸŒˆ๐Ÿป ๐ŸŒˆ๐Ÿป ๐ŸŒˆ๐Ÿป
+1 Reply
The narrative also includes the short squeeze. I wouldn't make conclusions without looking at the short % of float which will be revealed on Wednesday (I could be wrong about the day).
+2 Reply
S3 founder Bob Sloan thinks thereโ€™s more pain to come for the short-sellers still targeting GameStop.

โ€œGet prepared for another round of short squeeze,โ€ Sloane said in a Bloomberg Television interview Monday. โ€œYou are going to see GameStop go way higher.โ€
+1 Reply
the bears will all die ;(
Reply
hi, I am a latecomer to investing and stocks and economics... what is the relevance and meaning of M1 money supply to the GME stock price and the short squeeze that is said to have occured?
Reply
Hi @d3dave, welcome to the worst hobby you can ever be in love with.

M1 = money supply

M1 is going up because the (US) Fed is printing more money. This dilutes the value of the U.S. dollar, meaning everything that trades against it will appreciate in value.

Here's some information on short squeezes: https://www.investopedia.com/terms/s/shortsqueeze.asp

I would really, highly recommend you not use $GME as an example for anything as a newcomer. It will only serve to confuse you.
+1 Reply
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