GME up over 100%.... what is going on now?

Saltynuts said:
Go to about 3 minutes and 9 seconds of this bad boy, and all will be clear:

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So it was the pain, the illusion of pain, or the truth of the trade? I'm guessing the pain. Quite a change in conviction. This is why I am not "averaging" into my losing NQ long. I see how deep this rabbit hole can go, so I have to prepare for it fiscally.

Good to know you have smartened up.
 
Overnight said:
So it was the pain, the illusion of pain, or the truth of the trade? I'm guessing the pain. Quite a change in conviction. This is why I am not "averaging" into my losing NQ long. I see how deep this rabbit hole can go, so I have to prepare for it fiscally.

Good to know you have smartened up.
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The pain, of course. Smartened up like a motherfukin' baby Einstein! I'm not going to short at this level, waiting for it to hit $400 again. Then I'm going to take some motherfukin' SCALPS!!!!!
 
Saltynuts said:
The pain, of course. Smartened up like a motherfukin' baby Einstein! I'm not going to short at this level, waiting for it to hit $400 again. Then I'm going to take some motherfukin' SCALPS!!!!!
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If $200 would make such pain why do you think $400 would be good for scalping? By then the volatility would be doubled, the same position's daily loss would also be doubled compared to today. I would say reduce position and short more on the way down instead of on the way up.
 
Saltynuts said:
The pain, of course. Smartened up like a motherfukin' baby Einstein! I'm not going to short at this level, waiting for it to hit $400 again. Then I'm going to take some motherfukin' SCALPS!!!!!
More...

What if it goes through $400 and straight to re test the 52 week high near $500?

You are currently $50,000+ down on your 356 shares (assuming you didnt buy or sell any more). At $400 you will be down $120,000+.

My guess is you will change your plan again, when it hits $400
 
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Millionaire said:
What if it goes through $400 and straight to re test the 52 week high near $500?

You are currently $50,000+ down on your 356 shares (assuming you didnt buy or sell any more). At $400 you will be down $120,000+.

My guess is you will change your plan again, when it hits $400
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No way, once it hits $400, or hell, like $380, I will start adding. I would have already starting added but you guys were scaring me so much lol. But only adding like $1,000 worth of shorts or thereabouts on each spike to new levels, and no more than $1,000ish in any given day. Have to do it SLOWLY to avoid getting caught.

But victory... victory shall be mine. Of that I can promise you! Death to the reddit dorks!!!!
 
This time may be different, but my personal experience has shown that and time again, for the most part, these high visibility short squeezes that get picked up on by the media and has everyone talking... while not exact, their patterns repeat.

Two came to mind today.
Remember Kodak?
Remember Riot Blockchain back in late 2017?

They were exact. The numbers weren't the same, but percentage-wise when you look at the daily charts and you look at the volume proportionally... the pattern's the same.

So in my benevolence here I took the last ten minutes to provide a picture. 1000 words right?
Food for thought. Here's GME today and RIOT from late Nov 2017:


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upload_2021-3-8_18-44-32.jpeg


Like I said the other day, this script does get rehashed every so often.
This one's the best yet.
Riot went from $3 to a high of $45ish..... it's not the price that matters, its the pattern.
Eyeball the scale. 33% more upside left?
Maybe.
Maybe not.
g/l
 
Not sure I fully follow vanzandt, that chart "are we here" shows a stock that is way up, then after the "are we here" arrow goes up just a little more, and promptly comes back down to earth. That is A-OK by me ha.
 
Saltynuts said:
Not sure I fully follow vanzandt, that chart "are we here" shows a stock that is way up, then after the "are we here" arrow goes up just a little more, and promptly comes back down to earth. That is A-OK by me ha.
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It does.
RIOT the first time around settled right back near where it started.
They all do.
Hey, I'm not saying its gonna play out like that chart, but if it does, there's (eyeballing) approximately a 33% more upside.

That would put a top in around $260.

I mean do with it what you will.
Like I said, I'm cheering for ya.
I put the work in on that to help you.
Ok?
Just so ya know.

edit:
I just reread your post slower.

That chart for RIOT extends at least two weeks beyond where we're at today with GME.
You couldn't figure that part out?
The RIOT chart is a visual prediction of where GME is possibly going based on historic high vis squeezes.

Whatever.
I tried.
 
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