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GME

$GME - August runs are comingIf you're already following me, you know the drill. It's about time for the quarterly runs for GME and Meme Stonks in general. I've identified +1 more mostly accurate date where some meme stocks (but not all) actually run. The dates you want are as follows: -These two dates are a set. There will be a decent single day run on one of these two dates. I personally think it's August 2. The only way this moves to Aug 8 is if some big market event happens between now and then. If you're gonna play this, at least don't get FD's and go at least +1 week out further. The moment you see the run happen, take profits from your long calls and get puts 2 weeks out while the IV is still hot for calls. If you wait and buy after the call IV and prices cool down, you're gonna be buying puts at not so very nice prices. You want to buy the reversal just before it happens, not after. *02 August (Most Likely) or *08 August (Less Likely) or both (Unlikely) -This is the regular GME quarterly cycle run we've talked about here since last year. The behavior is always slightly different but the critical part of the trade is always the same. Around the 23'rd give or take a day or two, GME will pop to something like $40 or $45 or more for a few days and then drop. Since everyone is aware of this at this point, i'd expect NO run on 23-26 as everyone's gonna be saturating weekly FD's instead of 2w or 4w out. This will cause the usual run just before close on Friday 26 Aug and a run into the next week due to call gamma having to be hedged in the last moments of the market. Then the T+1 from option settlement hits everyone on Monday but it really doesn't and it hits the market on Tuesday as per my previous DD on market mechanics. If you're going to play this one, be safe, due to degens playing FD's e.g same week expiring calls, the price may crab to kill everyone's FD calls and will instead move the week after. *23-25 August (Likely) *30 Aug (Likely) How i'm gonna play this event? -Aug 2 or 8: I'm a degenerate, so i'm going to get OTM FD's for Aug 2 on market open on the same day. -Aug 23-25 or *30 Aug: Been burned by the micro changes in these runs a few times so i'm getting OTM calls on the 19'th of Aug expiring around 9 of Sept. Additional Info: I have weird signals from DTCC's swaps indicating that this year's September 16 ish and next year's March and April have A LOT of $$$ expiring in swaps. I do not know what this means or what it will do to the markets. I have leap calls out to 2024 that are ITM to ride those dates in case something crazy good happens. That's why i'm not extending these August calls to September's OPEX and SLD period. I don't know what's gonna happen in September, but i just know something will. I don't know the direction. Here's an old version of what i wrote that explains my thoughts above. www.reddit.com Keep in mind the 23-30 Aug run applies to most meme stocks. I'm onboard with GME and BBBY on this since only the few top meme stonks tend to move both on the start of the month and near the end of the month. I don't do AMC. WARNING: I wouldn't buy anything right now as it's the period where stocks get knocked down. If you're going to play the above, wait till the last day before doing so. Buying from now will just burn a LOT of theta. NFA
NYSE:GMELong
by leenixusu
60
1.5 years ago - What did I tell you? Hate to say it but after such a long time, and me back at beginning posting & warning ppl that GME isn't going to squeeze and here we are. Still could we see a retracement after this sell pressure, yes I think GME could retest even 77$ but still not an indication for me that price will blow up. It would be a natural retracement after a year of bearishness, so some kind of retracement is due. Yes I heard about the NFT launch, honestly NFTs aren't solving anything and please do read the small letters since most of the time you don't actually own the NFT itself.
NYSE:GME
by CryptoHedging
18
SPY Rejection: FOMC in the next hourDespite being positive on the day, we saw earlier price get rejected on the upper resistance trend line of our longer term downward channel. The gap up today was interesting, but I am curious to see how this plays out following the Fed decision. Since we have been declining from ATH's, this upper resistance trend line has shown multiple instances of rapid downward movement because of the trendlines significance. Fed decision may fill the gap up we created this morning. See related links to see the fuller picture and downward channel on a daily time frame.
SP:SPXShort
by chartxzy
3
XELA ready for the next GME and AMC ?!?!?!Exela Technologies XELA $927 Million volume today reminded me of AMC Entertainment AMC and GameStop GME before they went parabolic! XELA has a Market capitalization of only 58.56 Million, while their earnings last year were $1.17 Billion. Exela Technologies is a business process automation corporation that provides industry-specific and multi-industry enterprise software and solutions to more than 4,000 customers spread across 50 countries and employs more than 17,500 employees across 23 countries. 52 Week Range $0.092 - $3.54. now: $0.132 $927,439,905 Volume Today! My price targets are $0.415 and $0.73 to be conservative. It can also be a buyout for a big tech company that wants those international clients. I think XELA is the next GME or AMC. Looking forward to read your opinion about it.
XLong
by TopgOptions
8
Stock split incoming - where next for GameStop? GameStop Short Term We look to Sell at 149.60 (stop at 158.76) Preferred trade is to sell into rallies. Trading within the Channel formation. Bespoke resistance is located at 150.00. Our bias remains bearish and further downside is expected to target support at 115.00. Our profit targets will be 116.08 and 101.00 Resistance: 150.00 / 190.00 / 200.00 Support: 115.00 / 90.00 / 77.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:GMEShort
by Saxo
2
GameStop’s stock price in the lead up to its stock split It has been a volatile four months for GameStop’s (NYSE:GME) stock since the company announced its planned stock split on March 31. Four-for-one split On March 31, GameStop disclosed plans to carry out a stock split by boosting its share count to 1 billion from 300 million. A stock split does not necessarily increase a company’s market capitalization, but it makes a stock more attractive and more affordable for small investors. At the time of the announcement, GameStop said the move would “provide flexibility for future corporate needs.” The plan secured board approval on July 6 and on Monday, July 18, shareholders will receive three additional shares for each of their class A share, which will be distributed after the close of trading on July 21. Stock price since split announcement In the four months since the announcement of the split, GameStop’s stock has fallen to as low as $77.77 on May 12, and to as high as $153.00. On Friday, the company closed 4% higher on the New York Stock Exchange, and 3.5% higher on the following Monday at $146.64, an almost three-month high. Based on its closing price on Monday, the split would mean that GameStop’s share price would only cost around $36. Stock split mania GameStop’s move follows that of tech heavyweights like Apple (NASDAQ:AAPL) and Tesla (NASDAQ:TSLA), which enacted stock splits in 2020 and new stock splits by Alphabet (NASDAQ:GOOGL) and Amazon (NASDAQ:AMZN) this year. The need for Alphabet and Amazon stock splits were as expected as their share prices have hovered around $3,000 in recent months. But for GameStop, some financial watchers have questioned the company’s intent to do a split as its financials are failing to keep up with its stock price. In the fiscal year ended Jan. 29, GameStop incurred a net loss of $381 million, up 77% from its $215 million loss in 2020. That is despite revenue climbing to $6.01 billion from $5.09 billion. There have also been concerns that GameStop may be going out of business as the company had announced store closures and booked millions of dollars in debt. In its most recent earnings report, however, the company’s first-quarter revenue beat market estimates, which some have attributed to its shift towards a more online-focused model. The company had earlier disclosed plans to foray into non-fungible tokens or NFTs by the end of the second quarter of fiscal year 2022. The plan has raised some eyebrows from market watchers including Wedbush analyst Michael Pachter, who described the move as “nonsense,” saying it will "have no NFTs for sale and no customers, and wallets they are providing will be empty."
NYSE:GME
by BlackBull_Markets
4
NYSE:GME Coinbase NFT has processed 1% of GameStop NFT’sGameStop Corp. is an American video game, consumer electronics, and gaming merchandise retailer. The company is headquartered in Grapevine, Texas, and is the largest video game retailer worldwide. GameStop’s new Ethereum-based NFT marketplace has been live in beta for a little less than a week. First two days in beta, moved well over 3,000 ETH. That's minuscule compared to OpenSea, but it beats Coinbase NFT. GameStop is looking to compete against OpenSea, the biggest NFT marketplace, which has generated some $17 billion in transactions this year. The company sees Web3 playing a major role in gaming. GameStop’s CEO, Matt Furlong, says, “We firmly believe that digital assets are core to the future of gaming” GameStop NFT currently offers only artwork NFTs, but intends to launch a suite of gaming NFTs, which can be used as interactive items within video games. In February, GameStop launched a $100 million token incentive fund with Ethereum layer-2 scaling solution Immutable X to support development of NFT-compatible video games and products. The marketplace website notes that gaming NFTs on Immutable X are “coming soon,” and currently teases 13 NFT-compatible games that will have products available on the platform for purchase. In the time since GameStop NFT launched on Monday, for example, Coinbase NFT has processed $31,000 in sales: that’s less than 1% of GameStop NFT’s business.
NYSE:GMELong
by sequentialvzion
194 by June 24th 2022I've liked this setup for the past couple weeks and have had an approximate initial target of ~170-180. Something happened last week that gave me enough information to calculate a point target for the end of next week. I believe these next 4 trading days will be the beginning of a monster run to 300+. My point target for June 24th is 194.12. If it can hold around that level without giving it all back, my target range by end of 2022 (likely by October 2022) is 333-357. This company has shown it can hang in the sky since its ascension back in 2021. That was all just a preview tho to true MOASS. If she gets to 300 chances are she ain't coming back and will achieve levels us apes cant even count to. Wow. Proud of u gamestop. We Believe in U. Best, Millie Bobby Brown P.S. take my word that the stochastic RSI setup on the weekly is as bullish as it gets.
NYSE:GMELong
by JerryManders
7
GME Initiation wave C of a corrective sequenceI believe that GME is in it's third corrective wave after completing wave B this morning. I have been following this cycle for a while now and I think that this is the most probable scenario. GME was teasing the major trendline the last few days and has formed, what Thomas Bulkowski would call, a "three peaks and a spike". According to Bulkowski, the downtrend PT should be around 125$. However, the elliot wave analysis suggests that wave C would end in the purple box. My guess is that $125ish would be a support regionj but the price will continue the downtrend up to the purple box.
NYSE:GMEShort
by Sangeeny
5