GME Shenanigans Massive June call position

wxytrader said:
Well the IV has left the building...bad earnings...share offering...kitty looked disheveled...but still holding technicals. This potential triangle was formed yesterday when we hit .618 fib, and when price was at $60 it needed to revert back to be valid, so there needed to be some catalysts...I think we got them! :)

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Now it a grind it out premium game going forward. ;)



We just hit my $27 target but I'm going to hold off...maybe I'll pick up 200 by eod.
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Are you not?


 
tomkat22 said:
If he SHORTS Gamestop wont his minions string him up by the testicles for being a hypocrite? And what broker will loan him 12 million shares to short?
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I guess liquidity is an issue according to the article, so by shorting he is locking in his gains until he can unload his calls.
 
mervyn said:
no one dislikes money, what says you.
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After safety is fulfilled, esteem is a next level on maslow, before self actualisation. Why don’t you give a like to my previous comment :sneaky:?
And let’s be honest, the guy certainly pulled a stunt
 
The stream will provide for a clinical depression defense or some substance dependency excuse. Roaring Kitty played both roles perfectly, the stream was intentionally bizarre. Lose a half a billion, just laugh.
 
Not looking good for DFV on the price trend for his option chain. Think his acolytes will turn on him, and start shorting the shit out of it? lol
 
wxytrader said:
LOL once again the market proves to be determined. I had drawn in this triangle last night before the run up to $60 ah...I was confused by the run up not being congruent with the TA, was going to need a big ass wick to validate, but then realized the ER incoming lol. TA was literally telgraphing that ER would miss bad...and now they are releasing shares on top of it. Two catalysts necessary to bring price back into the triangle. :)

btw the apex should bring us to about June24 which is T+34? (opex tailwind)

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Richard is so close to solving the puzzle! But instead of using TA, he is using event footprints.

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I'm lost.
wxytrader said:
LOL once again the market proves to be determined. I had drawn in this triangle last night before the run up to $60 ah...I was confused by the run up not being congruent with the TA, was going to need a big ass wick to validate, but then realized the ER incoming lol. TA was literally telgraphing that ER would miss bad...and now they are releasing shares on top of it. Two catalysts necessary to bring price back into the triangle. :)

btw the apex should bring us to about June24 which is T+34? (opex tailwind)

View attachment 341713


Richard is so close to solving the puzzle! But instead of using TA, he is using event footprints.

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I'm not sure I understand. This sounds random. I also don't get the triangle. Is that based on other price movements?

Those triangles form based on decreasing vol.
 
athlonmank8 said:
I'm lost.



I'm not sure I understand. This sounds random. I also don't get the triangle. Is that based on other price movements?

Those triangles form based on decreasing vol.
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Price did exactly what TA projected. I know there were catalysts like the earnings and releasing shares but that's always the case. These catalysts don't cause the drop..they are just congruent with the TA. This is why I ignore the news and earnings because they are inconsequential...already baked in.

I posted the video because he shows a predictable pattern of opex tailwind, which would correlate with chart patterns...he is finding that price is determined through event footprints instead of TA.

Also volume is irrelevant.
 
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