Unless Roaring Kitty has more tricks up his sleeve GME is just floating dead in the water. Its returned to the world of randomness for the time being. All the volatility has been sucked out of it.I dont see a trade.
I'm not trading it to hold till the next pump...it's the most cost effective right now between clsk and mara. We could see $28 this week if it continues the triangle...it moved $2.28 today's range.
Yeah it was risky holding into earnings.. That share offering was a real slap in the face. The shareholders meeting seemed like an annoyance to them. They'd all be out of a job if it wasn't for the meme movement. Diluting shareholders value for a cash grab is not in their best interest. There should be a restriction on offerings, and it should go to a vote to shareholders with a prospectus on what the funds are to be used for...ie they can't use it for bonuses.
Agreed! There’s not a lot of short interest and the meeting with Ryan Cohen was insulting to the apes. Add the fact the float trades so heavy, what could RK say?
It is still in the closed-wedge/converging triangle formation. Sadly, Roaringkitty runs out of ideas to legally manipulate and push the price up massively. Come on! ROAR! He should have shown this image to the public about a month later.
I don't think he did, not his MO. But if he was smart, he sold CCs on all his stocks. Premium was 8 bucks 1 month out ATM, that is 70+ million bucks for just holding a stupid stock. Currently the same premium is 2.50....