$GME gamestop rallyHere are some of the stocks getting pumped right now. Enter at your own risk because this is super super risky.
$GME, $BB, $BBBY, $AMC, $PLTR, $NOK, $NAKD
$GME gamestop has been getting pump for a long time now. Individual investors — particularly on the Reddit chat forum “WallStreetBets” — began buying GameStop shares and encouraging others to do so. GameStop's shares are now up nearly 1,700% so far in 2021 -- and it's still January. An epic short squeeze is believed to be fueling the rally -- one led by an army of individual traders that are using social media sites like Reddit and Twitter to coordinate their strikes against short-sellers.
By buying heavily shorted stocks en masse, these bear slayers are driving up their price. Short-sellers, in turn, are suffering staggering losses. To stem the bleeding, many short-sellers including multibillion-dollar hedge fund Melvin Capital have been forced to exit their positions. This requires that they buy back the stock they sold short, which has likely helped to drive GameStop's price even higher.
Gmeshort
GameStop - STOPReached a potential Top
As im caught up in the hype I will publish accordingly
I believe this is a black swan event that will blow off
Much like the euphoria from DOGE's pump a few weeks ago
It can be clearly seen it went for a bullish break (in the green box) after cracking the downtrend
GME (A Classic Pump And Dump)View on GameStop Corporation GME (26 Jan 2021)
In 1900s, when a shoe shine boy gives a stock tip, it is time to sell.
In 2020s, when a forumer gives a stock tip, it is time to sell.
All I see is the classic PUMP and DUMP scheme that we are seeing all over.
So, what is the buzz about?
Now tons of excited and uninformed traders are trapped.
I do not think it will not go back about $110~$120 region.
DYODD, all the best and read the disclaimer too.
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Bearish on GME (Gamestop) - SL 23.70GameStop has been fighting a losing battle for a while now - I am adding a short position here (My target is $20) due to the fact that it has once again dropped below the 9 day MA, it made a retest of the 50 day MA and failed, and of course it is well below the 200 day MA. Additionally, the RSI has dropped below the 50 zone, the stochastic has downward momentum and the MACD is going to be making a negative cross over (a cross down also into it's negative territory below 0.00)