You haven't missed the boat on GME imo. SEC report basically confirmed that hedge funds didn't cover in January when short interest was over 100%. They still haven't covered. They have only shorted it more. They have to cover eventually and when they do, it will be a rocket.
AMC/GME started as meme stocks purposely boosted by a huge Reddit community because people discovered that the stocks had been shorted by investors. The community took advantage of hedge fund investors and beat them, fundamentally changing the trajectory of both GME and AMC.
DWAC will not be like that. There was a pump, when retail investors got in (this board), and there will now be a dump because the market value has corrected. I would sell now before you lose more money.
So did I, but like gambling, I never bet more than I can afford to lose. I'm sitting on it. No point in losing money when it just might go through the roof.
I trade Bitcoin, which is nothing like stocks, so take this with a pinch of salt…
This is Not financial advice, just what I see.
At a glance I would say that if there is further retracement I would be looking for the gap to be filled down to $44-$47. There’s a few technical confluences there.
What concerns me is that most of the traded volume was at about $18.50, so be aware that if $44 is lost $18 could be the next stop. If you can watch the volume at those prices you could make a more informed decision.
With that said. It only takes a few whales to buy big to push price up..
Anyway, long term I think it will more than recover its highs.
As low as the Big Money can manipulate it down. As long as everyone BUY & HODL it wont go too much down. But I think there will be some rollercoaster action up until the last minute when the merge happens.
HODL
$45 guess here
This. It needs to fill the gap.
They bring it down to $20, and I’m throwing the bank at them. That is a sexy price.
Damn. I bought way too high.
You haven't missed the boat on GME imo. SEC report basically confirmed that hedge funds didn't cover in January when short interest was over 100%. They still haven't covered. They have only shorted it more. They have to cover eventually and when they do, it will be a rocket.
AMC/GME started as meme stocks purposely boosted by a huge Reddit community because people discovered that the stocks had been shorted by investors. The community took advantage of hedge fund investors and beat them, fundamentally changing the trajectory of both GME and AMC.
DWAC will not be like that. There was a pump, when retail investors got in (this board), and there will now be a dump because the market value has corrected. I would sell now before you lose more money.
So did I, but like gambling, I never bet more than I can afford to lose. I'm sitting on it. No point in losing money when it just might go through the roof.
For sure. I'm not selling. If this company turns into what we all think it could, theres alot of money to be made.
Well then if that happens it leaves more for us then won't it :)
REEEEEE
$17???
anyone?!?!?!?
I trade Bitcoin, which is nothing like stocks, so take this with a pinch of salt…
This is Not financial advice, just what I see.
At a glance I would say that if there is further retracement I would be looking for the gap to be filled down to $44-$47. There’s a few technical confluences there.
What concerns me is that most of the traded volume was at about $18.50, so be aware that if $44 is lost $18 could be the next stop. If you can watch the volume at those prices you could make a more informed decision.
With that said. It only takes a few whales to buy big to push price up..
Anyway, long term I think it will more than recover its highs.
Thank you.
If it goes below my cost basis, I’m buying more.
gonna try to buy more at 60 tomorrow since I know this will rival all the techs
As low as the Big Money can manipulate it down. As long as everyone BUY & HODL it wont go too much down. But I think there will be some rollercoaster action up until the last minute when the merge happens.
Buy at the lowest is all I know.