Hello, here I am updating you on the GME short story before anyone else (I got connections). The FINRA updated the numbers. I don't know, maybe this is some kind of error? 226%! It's USO Oil all over again... They're tearing retail to pieces. finra-markets.morningstar.com A whole lot of novices got really excited AFTER Melvin got squeezed. Tried to warn them but...
I believe the party is officially over for Gamestop.....and the WSB crowd. Volume drying up, below several key EMAs, and a boatload of bearish fundamental catalysts. $215.00 is the support to watch for a break below - sellers will pile on if we lose this level. We are short MOC at $225 on 02/01/2021 with a target of $113.50 and stop-loss of $262.00 for a 3:1...
Contextual immersion trading strategy idea. GameStop Corp. operates as a multichannel video game, consumer electronics, and collectibles retailer in the United States, Canada, Australia, and Europe. The demand for shares of the company still looks higher than the supply. I think the short squeeze will continue, thanks wallstreetbets. Short interest over 100%...
In the news this week is the short squeeze going on in NYSE:GME . Lots of institutional investors are taking BIG LOSSES as the stock gets run up by 'social media groups' pumping the stock. This is not a new phenomenon in the market so how can we as traders identify the next short squeeze opportunity? We look at ways to scan for potential short squeeze...
Adding this to watchlist. Seems to make mini runs just before earnings. If earnings/outlook are good with a 20% short, this could squeeze up on a breakout.
Keep an eye on this one -- we like it long right here. Multi-year breakout above $40 last month now holding as support. Deep pullback to the 50dma with a large open interest put level at the 43-strike to act as support as well. Shorts are in covering mode down over -18.03% over the past 2-weeks. Options are moderately priced in the 19th percentile as well.
As my followers know, I've been mostly sitting in cash and silver waiting for sanity to return to this market. Y'all bought stocks, and all I bought was popcorn, and it turns out the joke's on me. Here's how big the gap between price and fundamentals has gotten. On June 1, GDPNow reduced its Q2 GDP forecast to -52.8%. This is down over 10% in the last week. As...
Baby, it's cold outside. Barstool Sports is really going to have to up their shilling of $yeti products in order to deal with the disgusting price structure, massive short interest, and global pandemic! I picked some 3/27/2020 30$ puts for 1.29$, some 7/17/2020 25$ puts for 1.5$.
Amarin popped up on my daily scans that are showing bullish momentum following an oversold condition & I do like the look of its daily chart. A gap up on November 12th which has since been held. A Golden Cross occurring around the same time as well. I have a few price targets noted on the chart based on the Fibonacci Extension tool. What really interests me about...
Kirkland Lake is pulling ahead of its peers in the gold mining sector now that interest in the sector has waned after the late June / early July run up on gold. The same fears and uncertainties are there, but more measured investors are going to single out KL as a sector leader as well as a their management's ability to grow earnings. Short interest continues to...
I've bough a few cars from KMX over the years, and it's no surprise to me when a company I do business with does well financially on a macro scale. KMX has an excellent model with regional branches and locations handling sales and maintenance and even finance, so they also tap into the financial services marketplace. New sales in the US are slightly down from...
I've been watching TNET since their massive 1-day spike of 23% back in February, and they've been flat in a horizontal channel since. That was a strong clue that I needed to be patient and wait out for a break out on them. Well, it's happening now and the prices are breaking out of that channel in an upward trajectory. TNET starting bubbling last week the...
Tesla has been in a strong downtrend down 30% this year. Short Interest is near an all time high. Showing bottoming candles and is at the bottom of the channel near a strong support. RSI is curled up and several bullish divergences on the indicators. Baird Analyst Ben Kallo Reiterated his $400 price target on Tesla's Acquisition on Maxwell Technologies that closed...
I picked up some shared of Walt Disney last week when I got tired of waiting for Netflix to rebound, and I suspected that the announcement of the Disney+ streaming service had the potential to rally their stock and possibly sink the competition temporarily. I had no idea how right I was, but I made sure to double my holding that morning and it immediately paid...
I'm a little late on publishing this idea, but I'm not late on holding on here. Carmax is currently getting two monthly payments from our household, so I know this company is generating a cashflow, and so does everybody else after their solid 11% earnings surprise about two weeks ago. I've been holding and watching and waiting to publish before seeing a trend...
This one was truly a no-brainer for me the other day, but I was waiting to publish on the earnings news. COST is up 5% is afterhours with a potential blowout day tomorrow on market open. I also believe that the financial media will latch onto this good news from them with a fervor in hopes of pushing back a little on this current bear market sell off index wide....