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GameStop ($GME) Stock
r/GME
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Hi Everyone! I hope all is well. This post is going to be different from my usual coloring on charts, as I believe that after earnings gme is going to squizzle everywhere. 2 years ago Archegos blew up (member when Bill Hwang lost 20 billion in a day?) Stonks have cycles, significant ones happen in span of 2 years. I believe that has something to do that's how far you can buy options. There was a cycle for meme stocks this week for etf rebalancing AND whoever had the bag of shit from Archegos had to pay up. Instead of the usual pump for meme stocks, banks crashed and the market is fukt.
This is what I think is happening. I think GME earning's on 3/21 and has a good chance of announcing that it is a "profitable" business. Zero debt, Cash on hand, plus being profitable will eliminate any bear case on our favorite stonk. That's not even including any other catalyst (Merger, aquistion, another dividend, ect) . If this happens I believe short hedge funds will have to close there short positions.
With the crash that is happening right now, government bailing out the banks, I believe they are getting liquidity for the massive squizzle that is about to happen. Hedgies r fukt, so they are shorting more then ever. likely until earnings. The timing of everything just seems like it can't be cohenicidence. Buckle up everyone! I think it's about that time we start our journey to the moon. what happens after 321....? 0
TLDR: GME go up after earnings
Edit: forgot the cat
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