|
https://i.redd.it/d9v52jq0gnuc1.gif ‘Ello Regards,You might remember me. Former Marine who likes eating crayons and long walks along the beach. In there I kept pointing out that we are being drawn towards this $10 price target like a moth to a flame. We also have order imbalances and retail isn’t being allowed to buy on LIT exchanges which is effecting the share price. I pointed out that companies like Citadel push stocks to where THEY think they are fairly valued. https://i.redd.it/493fxhfwhnuc1.gif WHY ARE WE GETTING DRAWN DOWN DESPITE POSITIVE EARNINGS?Once again, I’ll point you to this important monthly options chain. The right side is Puts and someone months ago placed a VERY large options bet at $10 strikes. Why does this matter? Because Market Makers need to hedge and GME acts very strangely in general compared to most stocks. Someone had a plan for the yearly earnings and has been slowly pushing the price down to maximize profits for their bearish $10, 12, 13, 15, puts. Feels badhttps://i.redd.it/cp1ez4b5jnuc1.gif So I think it’s interesting to be honest. Sure, I’d love the price to pop up but we are seeing something interesting happening. I don’t think most retail who has been HODLing for 3 years all of a sudden just decided to sell. We did see a large amount of shares being borrowed. You will notice a large number of GME shares got borrowed and shorted. 10% increase from the previous Bi-Monthly FINRA Short Interest for shares shorted but the borrowed spiked greatly. Also, interestingly enough, also, they claim there is no demand for shorting GME which is why the CTB (Cost to borrow) rates are low but yet we see a constant / growing demand for them with an INVERSE correlation. Normally as a stock gets more popular to short the borrow rates increase. Example: DJT borrow rates look like this. DJT Stock. 200% CTB on 13% shorted. Where as GME rates look like this : GME Borrow rates. Less than 2% for a stock with 25% of the float shorted GME Borrow rates. Less than 2% for a stock with 25% of the float shorted and it has been since the sneeze….. https://i.redd.it/8lv80j6alnuc1.gif Weird right?It’s almost like nobody on Wall Street wants GameStop to still be around. Clearly it’s speculation but GME CTB SHOULD hypothetically be much higher based off supply and demand. It’s not but we all know why. Go back to Wyckoff.GME’s RSI is about on the Daily is about to cross into Oversold territory and it’s already oversold on the Weekly.https://www.reddit.com/r/Superstonk/comments/1bjnskx/you_want_real_dd_again_my_updated_gamestop_gme_dd/Once again, I’ll point out that I believe Wall Street is preparing for the worst case scenario for them. They are buying time and watching how quarterly earnings are going. They NEED GameStop to stop being profitable and to lose money quarter after quarter. That would justify their bear thesis. If GameStop as a company can prove it’s still viable, then they will start to slowly accumulate down here at this price. Shorts will likely start trying to slowly buy without raising the price too much. https://i.redd.it/bnvyj0fwmnuc1.gif You shop at GameStop and produce a better quarter from last year, the bear thesis gets weaker as Q1 not usually the strongest.Receipt porn going in the next couple days before Quarter 1 is critical. That would justify the bounce at some point. I just wanted people to understand WHY the price is getting drilled in the dirt because when you understand something, it gets less scary. submitted by /u/anonfthehfs to r/Superstonk |