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

vanzandt said:
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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I fully follow and followed you vandandt. But $260 top doesn't scare me in the least, bring the pain. Its when people start saying $2,000 and crap like that when you think my GAWD, my losses would be YUGE! But I just don't think that is going to happen. If you told me you had a crystal ball right now and the top was $260, I'd jump for joy with great glee in my heart.

I'm actually going to put some limit sells in tonight. Maybe like 4 shares at each of $240, $260, $280, $300, $320, $340, $360, $380 and $400. If there is a freak out I don't want to miss short-selling into it...
 
vanzandt said:
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?
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Looking at the RIOT chart, it looks like the "ARE WE HERE" spot is at 25, with the subsequent high being 46, which is 85% higher.
 
Unfortunately for the shorts, I suspect this is going to test the old highs. The rally might fizzle out around 400, but if it breaks above 500, a logical upper bound on price goes out of the window. All those who were "lucky" enough to short above 200 on the first move will bail on their shorts and accelerate the move higher if it breaks above the old highs.

There's likely another force at play here that we're not aware of. Could even be as bizarre as non-US entities driving this move (e.g. similar to a cyber hack), but it's not a move based on fundamentals. The reddit Wall Street Bets story was a convenient side show.
 
GoogTgt said:
GME seems to move in the opposite direction of Nasdaq. So based on that, GME should tank today.
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GME was up 20% this morning ($238) in pre market when the NDX futures were up 2%.

Market goes down, GME goes up.
Market goes up, GME goes up.
 
Millionaire said:
GME was up 20% this morning ($238) in pre market when the NDX futures were up 2%.

Market goes down, GME goes up.
Market goes up, GME goes up.
More...
Unfortunately it is true. The breaking correlation suggests that either the previous negative correlation was an erroneous statistical conclusion or the logic behind the scene has changed.
 
Fuking thing at 237.39. It will come back down to reality soon, but it does not feel good in the meantime. I don't think I'm ever shorting anything again...
 
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