I am not a legal financial advisor or consultant, everything shown here is strictly for learning purposes and is of my own opinion. Please do your own research and due diligence and never take any one persons words as 100% truth. GME, GME, GME. man oh man what a year GME had. this failing business had the perfect idea to get back on it's feet and what did the hedgies do? Shot the living crap out of it, would have fail if not for WSB. (LOOKING AT YOU SEC LOSERS) Now this stock has become a meme stock and brokers around the world hat it so much some platforms are still restricting the buy and sell of it. I think in this regard, GME is doomed. And so is this legal and financial system to boot. Profitism is a cancer that caused half of 2020 and 2021 problems (the other half by it shall not be named) If anything GME has lost a bit of money and we will see this trend continue as a financial tug of war happens between short hedgies and WSB yolo trades. It's such a clown show people.
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Sorry about the spelling mishaps. My keyboard is very sensitive.
I think your comments look 5 month outdated, have you even looked at anything about the stock for the last 4 months? Because I can't imagine that if this is the take you come up with.
You have to be a psychopath to short this stock mate.
Joshuakm
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@Bobthejoker, I have been watching very closely, I just feel that this is no normal time in the market. The issue is not why short, the issue is GME should not be at the value it is. When you need a short squeeze to pull a stock to a height it is not supposed to be at because the business has stagnated and the economy surrounding it is wrecked my contrarian side kicks in. Joe Kennedy once got stock advice from his shoe shiner and what did Joe Kennedy do? shorted it and made a killing, that's the market today.
@pechi123, lol I know, I don't like the man but that is one of many instances where taking the opposite side of fomo works. I did not say you have to like the man, I don't.
pechi123
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@Joshuakm, Crowd is crazy bullish at much lower prices than all-time high. All buyers in, they're dismissive of the obvious bearish pattern, no wall of worry.
Petar899
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You want to short a debt free company that just raised 2B capital, changed the board completely and soon to announce NFTs and who knows what else. Are you for real? If the authorities prevent the short squeezes the whole US stock market and financial system will go to the toilet, nobody will trust them ever again. If buying and holding a stock is breaking the system, then the system was already broken. You clearly have no idea what is going on here.
Joshuakm
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@Petar899, just my opinion, a NFT wont change the business direction, 2B was for a whole business revamp so maybe if they can change direction I would think about this differently. The way they are operating it's nothing more then a meme stonk. It's overvalued, plain and simple. Again tho this is just my opinion and if they could do something with the failing business, my sentiment might change. Fomo does not exactly equate to a good trade.
pechi123
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@Joshuakm, As if fundamentals has anything to do with price, price is a function of crowd behavior, and mostly pattern. What we have here is a bearish pattern currently in a 3rd of a 3rd down, dead in the water nothing impulsive to upside only downside, succession of lower highs from wave E 233.66, 227.45, 224.45, 215.22 (?), next stop is under recent low $197 but the crowd is hopelessly bullish trying to hype up the price and getting angry at dissenting price interpretation.
Joshuakm
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@pechi123, I agree, price is mostly buyers behavior, and while I'm an ok trader (not even touching GME) I'm primarily a economist. So I may look at things differently, perspective is key to trading imho. tho the bearish signals do look quite bad. I take no offense at all, here to learn and share my opinion is all. To me the insanity behind GME is enough for me to know where it's heading. Others can get mad but I mean no offense and take non.
You have to be a psychopath to short this stock mate.