It has been swinging up and down and up and down. so it will continue to do that. but the swing might get smaller as time goes by. and sooner or later, it might not swing at all, ie Game Over.
Low was 178. This is just another example of trading the chart in front of you rather than reacting to the news and initial price movement.
Not a reco but I'd fade the bounce by shorting if it loses 189, it's near 190 now at 12:38pm et I'm trying to not trade after 11 or I'd take a shot. Haven't traded it today
Bought the $195s, $4 got a double! GME is the Walking Dead, I trade only six to fifteen contracts on weird days like today. I watched it, strangest stock ever.
You're wrong about "those kids" moving this stock though. What was the giant super-computer company back in the day? Cray? Well this stuff is the 2021 version of those computers on steroids battling it out. Don't believe what you hear on CNBC lol; it's all math and the cash firepower of the companies running those 'Crays'. Whale-houses.
Another good day trading GME stocks for me. Agreed it's a crazy one, those swings! serious adrenalin rush.... I mean, well executed plan.