Sorry for sounding like a bipolar bear. I'm posting based on the data prints i'm seeing which keeps changing every few days.
It's started doing the thing.
TLDR: Basically there's 2-3 more days of cooking left. As long as the blue line continues moving up today and tomorrow, next week we're guaranteed to run 100%.
Waiting for today's and tomorrow's...
I have only 1 day's worth of DD on this symbol on my belt so i'd consider this to be more of a gamble than anything.
My data shows a Wykcoff distribution towards the last leg where the distribution would start to move downwards. If it's correct, tomorrow we'll see a really big gapper down on UPST around the $23-$33 range
Honestly i'm really skeptical of this...
I know it sounds a bit crazy to those who haven't followed me before but as we know, GME runs usually happen after IEP pays it's dividends out e.g this month it would've been on the 17'th of August.
When IEP pays it's dividends, the price gaps down to appropriately mark the company's new value and this is kinda when GME starts moving.
Well, for the...
Here's a composite chart of the stocks GME is corelated with as of 26 July. I've built a composite chart of the likely composition of the swap basket. It's close enough to the real thing.
Yes GME's been bundled with a bunch of Aluminium mineral companies, computer hardware, MBS and real estate holding companies and surely... Xerox.
You should expect that our...
Basically blue is a leading indicator that shows what will happen before with GME's price before it happens.
According to it, the price is going to go down, then in ~2-3 days it will bottom out. After this point it'll shoot up a lot. That's it.
Things to be wary of:
1) Historically, GME shorts like to cover into an elevated Vix.
Nothing much to say this time. You've read all the stuff i wrote in the past, this is just a post to remind people about my random lines indicating a possible breakout on this very weak (not for long) stock.
If the lines i have above are at least somewhat accurate, we might be on the cusp of a breakout. It needs a bit of time to confirm itself as a real breakout...
Nothing's changed with Lordstown's position. This post relates not to Lordstown's financials or fundamentals but to chart technicals.
In my own data that i follow for all stocks, Lordstown seems to be nothing special and has absolutely nothing going for it. In terms of charting, Lordstown is in a huge bull wedge (which doesn't make sense, i know, but...
Nothing much to say here.
The situation with RIDE is the same as before. Foxconn decided to break their contract and not buy NASDAQ:RIDE at the price of $1.70 as previously agreed since the price of the stock had declined to $0.30. It seems the cost of business of just breaking contract was better for them than to actually go ahead and buy NASDAQ:RIDE shares...
Lordstown motors is what might be the end of the bullish wedge. There may be a month or two left in it before anything really happens.
My research on RIDE is not deep, not great, not bad either.
RIDE's hub motors are the main drive (pun) here. Foxconn showed some interest initially and did the deal with them but is not showing up to be a daddy...
This trade has nothing to do with fundamentals, company transformation NFT bs or that moass stuff. This is me seeing a trend in the market and taking advantage of it.
Some of you know why i'm posting this here. For those who don't know, i've been trying to be some kind of prophet idiot and i've failed a lot in the past. I stopped posting for 6 months until i...
This stock has horrifically bad spreads, i usually stay away from trash like this but reviewing trading data from this month i'm seeing extremely big activity behind this stock. I also checked around and apparently Jim Cramer is bearish this stock within the same month as said same extremely trading activity. Due to these nice 2 conflicting things i've gone ahead...
Telling you that there's a run next week is a horrifically bad idea both for me and you. By buying GameStop you'll force whoever is selling you that stuff to go short in order to sell you whatever you're buying and that'll cause another one of those nice tumbles down to some dumb price like $14.
So here i am doing that dumb thing, telling you that there's a run...
CRM is extremely overbought along with the rest of the market. CEO is wasting money on private concerts, though they do have the money to do that so kudos to them.
But mostly it's overbought and a pullback has to happen, might as well as ride it.
Yeah i think i figured this all out. Not revealing anything.
-SPY moons today.
-GME/Memes don't move at all.
-SPY un-moons today/tomorrow into next week.
-GME/Memes drop more into the next 2 weeks.
PT for GME $14.xx
PT for SPY $437 today/tomorrow and then back to $387 by early March.
I was wrong. The run isn't over... I got faked out by the data in my last post/s. GME and the memes are going to pump more...
As you see it had reversed last week indicating we would flip to bearish this week. Then yesterday it re-flipped to bullish. I've honestly only seen this happen in June 2022 and i dont't understand what it means. All i know at...