@nitrene Netflix or Blockbuster, great metaphor Just watched "Dumb Money", startled that I missed this entire cultural phenomenon.
I was wrong though. It did go from $32 to $10... but it never dipped below that. Oh well. We caught the bounce in the way early pre-market today at $20.50.... last week's call volume put it on my radar for today. https://www.elitetrader.com/et/threads/gba-presents-house-of-gummy.374311/page-1738#post-5965356
How to trade GME? It might have been manipulated; ie it is easier to earn $$$$$. On 3 May 2024, there was a significant increase in volume. Towards the end of the day, the candlestick was a long green candlestick. Long it immediately at around $16. 13 May 2024, before the market opened, there was tons of publicity. Millions of lazy suckers who missed the earlier boat tried to chase after the boat. GME peaked at $38, and closed at $30. In fact, it didn't close that well. What to do during the next few days? Get ready to take some profit.
GME stopped trading 16x today https://x.com/thebtctherapist/status/1790538481707462883?s=46&t=RtbvMjSZB-E4IMCIlJrlWA Ian Carroll makes it simple enough even for Apes to understand https://x.com/cancelcloco/status/1790524969623175629?s=46&t=RtbvMjSZB-E4IMCIlJrlWA
How's your never ending diatribe here at ET go(?)... on every stock there is? "It's in a downtrend. You have to wait for confirmation in the charts." No... you have to wait for the 4:11 AM VZ scanner alert when he spots a huge move pending. At least Stoney has a few solid tenets.
Open your eyes with your lids shut. By the time you wait for all the planets to be aligned for confirmation, you will be just dust. Uptrend - you should short it. downtrend - you should long it. What an idiot!
GameStop, AMC tumble more than 20% as meme stock rally fizzles after just two days https://www.cnbc.com/2024/05/15/gamestop-amc-extend-gains-but-broader-meme-stock-rally-fizzles.html
Well I guess Max put me on ignore, because I saw his response but when I logged on to reply, it was gone. Hey MAX!!! Sorry if I struck a nerve, but you're the one that misses out on all the big moves "waiting for confirmation".... you have 2000 posts (+) saying this ad-nauseum.... over and over and over again. But part of me is kind of happy that you chose to retort in such a manner, and put me on ignore. Why? Because despite what so many seasoned ET members have stated regarding their opinion that you are nothing more than a bot.... I never subscribed to that. Glad I could evoke an emotion.... and by doing that perhaps re-assure the readers that you're not a bot. That said... you're stupid "wait for chart confirmation" has once again been proven 1000% wrong. Don't hate the messenger... embrace the reality.