How is that for a title? Traders are going to win this play and all the people who are going to hold for the long term are going to get slapped worse than a host at the golden globes. What an opportunity to get out! If I was in GME around this range, I would be selling to recover whatever I could and move on to something else. This is basically a miracle on low volume. Big players may be entering for a last short squeeze as time runs out but don't be the guy who holds for the long term.
Gamestop I guess is looking to do a stock split to make the price more attractive so I am going to have to lower my $10-$20 target because now it's going to hit that too easy in the long run. So what are we talking? Maybe a $5-$10 new range after new shares are issued. This thing is going to turn into a penny stock so they need to be careful on these splits. And don't think GameStop isn't looking to issue new shares out of thin air and dump them on the market. It is no different than the FED issuing new credit to the US out of thin air. Everyone buying that stock is giving a lifeline to Gamestop to live off and stay alive. This isn't just a Zombie Company, it's high on crack and hitting up all its friends for some dollar bills telling them "I'll pay you back man!" We know how that works out.
All the HODL'ers that are throwing their life savings at this will be in the basement like, " But MOM! You said I can stay out until the street lights come on! " Your lady friend isn't going to be too happy with your cubic zirconia when you're down on one knee because you bought GameStop for the long term. Be the trader on this one and let your buddies who won't listen see their wealth evaporate.
I wonder how much you were paid for this piece. All your statements arent backed up by any fact. Gamestop is sitting on 1b+ cash with no debt. About to launch NFT market in partnership with Loopring/IMX. They are looking to vote to increase shares outstanding for a stock split in a form of a stock dividend.
DefyingFinance
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@Maimizo, im not paid anything.... Im just another user like yourself. I am an accountant. That cash is from them creating stock they sold to everyone buying in the hype, not from the profits of product and service.
Jay-123454321
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@Maimizo, dude doesn't know the difference in the Golden Globes and the Oscars 🤣 I wouldn't worry about it.
xLumi
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I listened 1 minute and I gotta say that you most likely have no idea what you are talking about and that you have your own short positions on it and that you are going to get rekt:) and its non of your business wether people hold this stock or not. so stop telling how people should sell. And everytime I see a video like that, I just buy more. It gives me kinda motivation lmao
DefyingFinance
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@xFroglord, I have no short position. Just information on the opposite side of many of your ideas that apparently others don't want to accept as a possibility.
larskellers
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@DefyingFinance, you comment on a "possibility" as it was a 100% fact.
a journalist would write this: "Traders are going to win this play and all the people who are going to hold for the long term are going to get slapped worse than a host at the golden globes. What an opportunity to get out! If I was in GME around this range, I would be selling to recover whatever I could and move on to something else." He would clearly have an agenda. So you tell me you just do a "TA" you are 100% sure it drops and you dont go short? WTF this all makes no sense, you just a shill.
Chronospheres
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Look I'm not an expert, I don't have a fancy degree but it doesn't take a rocket scientist too understand something simple. So complaining about gamestop trying to make shares out of thin air without acknowledging the phantom shares created by market makers is pretty pathetic. when you can't acknowledge the other side of this, your argument is pointless. Of course you are going to complain about it when you and many others are shorting a stock and are losing. That's what you and every other person shorting the stock do best is cry. I bought at 45 have heard people like you say it's going back to 20 fast, well I'm still waiting and I'll bet you and every other person shorting the stock will wait indefinitely. this is just another scare video from yet another person who's hurt because they are on the losing side.
This video will age just as well as Citron's comment made on January 19 2021 about it going back to 20…