숏

GME - The cat is gone, the mice try to keep the party going

Doing a technical analysis of might seem idiotic and pointless. We all know price is ruled by Reddits and social media posts. It used to have its moments due to a kitten, with insane movements. The kitten has fled, and the Reddits still claiming this is the best company ever do not have the power to keep the stock up. Management has proven several times they do not care about shareholders, instead they see them as a tool. They have taken advantage of shareholders more than once, and they will again.

Price is now in a kind of limbo, wedge pattern. This will not last. The company has a full bank account, but has not shown or communicated anything about any potential investments. In fact, they have shown signs of trying to save the obsolete business of yesterday by closing some stores. I am fully aware that something must be going on behind the scenes, but it has been a story for some time. still has the right to issue/sell more a lot of shares, and given their history of totally ignoring and abusing their shareholders, I expect another dilution of shareholders. Continued no news, reduced interest, no hope of the kitten rescue, lower highs on the chart, I feel the lower channel band will be broken and we face the support around $15, then $10. Without RK, and a non-communicating RC there is no case.

3일 전

코멘트

Some news today that triggered speculation that the cat might be back! Apparently RK has filed a SEC 13G/A form stating he has no ownership in , the stock he bought when he bailed GME. The speculation then is that he will (or has) put his money into GME. That is all it is at this stage, speculations, but I seem to remember that it this stock requires no more than speculation to catch fire. So be aware.