The next GME bull cycle is here. Aug 24 - Sept 02 bull run, to unknown price range.
Possible continuation until the 8'th of Sept. 9'th of September futures rollover we will either MOASS or drop down significantly as we did in March and June and wait until the next cycle and repeat.
All in all, the general floor is increasing by $10-20 every cycle so if you held for a few years at a good price (let's say $150, you'd be golden). The ceiling for the other side of the trade is decreasing which is why i have doubts we'll touch $300's again. If we go beyond $260 in my opinion, that's margin call territory. On September 1, their margin requirements for SWAPS/Futures increase x 25 due to Phase 5 of UMR. That will put significant strain on "them" and perhaps deny them the ability to rollover the GME Swap Future position into the next quarter. Regardless they will take a loss on it and we will runup to 'some' price in the next 2-3 weeks.
If the margin requirements are too hard on them which they should unless they are exempt, this should/could be marge calling, but regardlesst of that, there WILL be a runup, it's just a question of whether this is the one or not. If its not this one, it could be the next one.
Hi, thanks for the chart. I have a question regarding your thesis on the ceiling getting lower. GME ran up to the $340’s in the March 10th run and the June 9th run before getting smothered when it tried to test $350. So how is the ceiling getting lower when it tried to break $350 both times and you agree the floor is rising with each cycle? It’s obviously in a cycle which I believe will probably continue on into next year. The problem lies in the derivatives for this stock, futures swaps and deep OTM puts. I believe $350 plus is where they lose control as evidenced in what happens when we approach that price. Thanks in advance, I enjoy getting other opinions and insights.
Noob35
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kayj1s
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@treytoyota83, i think maybe he meant the ceiling for margin territory, which will be strongly defended