That's not any great shakes objectively, but percentage-wise, it was huge; going from $4 to $16 a share really only looks good as a percentage basis . Gamestop was a well-shorted stock with 68 million shares shorted as of Dec 31, 2020. I'm here to make a >50x return on a short-squeeze. Silver short squeeze. By snatching up stock and inflating the price, hedge funds looking to buy back borrowed shares at an all-time low would be forced to pay excruciating highs. Source: Tradingview, FOREX.com. As info, volume, volatility and price change with time, generally so does our view of a fair price range. WallStreetBets’ Silver Short Squeeze: A Dead Giveaway. Jefferies changed price target from $15 to $175 2. Gamestop was the previous gamma squeeze + short squeeze target and it shot up all the way from $4 in August to $98.15 today. Short squeeze Gamestop was a well-shorted stock with 68 million shares shorted as of Dec 31, 2020. Their scramble to buy only adds to the upward pressure on the stock’s price. Support held, and buyers stepped in. Gmetards are literally the biggest group of clueless morons I have … Source: Tradingview, City Index. Another day of trading’s in the books, and the speculative frenzy continues. “But as the stock continues its rapid climb, there will be short sellers waiting in the wings looking for entry points if this rally loses steam and GME’s stock price retraces.” Nasdaq ended lower as late day selling pressure hit… Before today, the last six days have seen the market has dropped in the last hour. In the past, there probably weren’t many firms that would be willing to bet their capital to force a squeeze by buying stock and options to bid up the price and force the shorts to cover. As silver is a precious metal, a targeted short squeeze … The stock (ticker: GME… 2. Effectively, if they can prove out any future viability, they should be worth roughly 5x their current share price. GameStop share price explained: How GME stock value was driven up in ‘short squeeze’ by Reddit traders News and analysis, direct from Westminster to … Shares are down 74% off the recent high. And at the time I filmed this video, it had a short interest of 131%. GameStop (NYSE: GME), Koss (NASDAQ: KOSS), and others surged again at the open this morning as traders from Reddit doubled down on their bets. Shares of GameStop (GME) rocketed higher at market open today continuing the battle between retail investors and instutional investors.. GameStop, a brick-and-mortar video game retailer, has been a popular short target on Wall Street. The GME Resources Ltd share price is once again shooting through the roof, after lifting yesterday on no news.. We reported at the time on the GameStop Corp short squeeze phenomenon that … Shares of GME stock surged 1,600% in January. This is a classic short squeeze; GME became a lopsided bet. WSB was a small part of it, but it got the attention. Many began piling in (including my stepson who I suspect haunts Reddit now and then) shooting the price straight up. The GME stock short squeeze continued Monday morning, as shares plunged as much as 35% to give back a large portion of Friday's 67% surge. But we can also play that. GameStop, a video game and consumer electronics retailer, is not a popular retailer in the stock market. A new cohort of retail traders are targeting heavily shorted stocks to squeeze them ‘to the moon’. The latest news from GameStop might well spell the end of the party for those looking to extend the short squeeze on GME stock. Some of the other Reddit-fueled stocks that saw a stock price increase today include AMC, BlackBerry, Nokia, Naked Brand Group, and Castor Maritime. But that’s a nice story. Remember, the short squeeze will only be triggered when people continue to buy, hold, and push prices up until the shorts cave in. The higher the share price climbed, the more painful short positions became, and eventually big institutional players and hedge funds were forced to … The short sellers got killed by their own hedge fund peers. If this happens enough a stock’s price can quickly spin out of control, resulting in a short squeeze. The forum’s most favored ‘stonk’, GME, went from a low under $3 at one point in 2020 to a high of $483 before the main platforms used by Wallstreetbets traders, Robin Hood, Interactive Brokers and Ameritrade among them, restricted users from buying the stock (and most of the others targeted) but still allowed them to sell it. Short squeeze. The high price target for GME is $30.00 and the low price target for GME is $3.50. However, AMC’s comparably low share price and $1.58 billion of short interest made it a popular short squeeze stock. AMC Entertainment The Most Shorted Stock Float Shorted 84.30% If people continue buying and not selling the stocks of AMC, because it is that heavily shorted by the institutional investors, a Gamma Squeeze can happen which will send the price of AMC shares to $40. One analyst is now noting that this ongoing price decline could be trapping short positions, laying the groundwork for Bitcoin to see a short squeeze that sends the benchmark cryptocurrency surging higher. The TT Blackbox Alerts The Target Entry Alerted on 1.16.2021 Who is Game Stop? Your email address will not be published. Here is WallStreetBets' New Short Squeeze Target ... but he loves any investment at the right price. What was the (GME) Game Stop Alert? The GME Gamma Squeeze. It also happens to own a large portion of GME’s shares. “Which will then trigger the infinity short squeeze which sends us … The poster child of the short squeeze trade, video game retailer GameStop Corp. (NYSE: GME), traded as high as $159.18 on Monday before dropping back below $79. “Hold” became a strategy retail investors adopted to force the price up. In recent weeks, GameStop has gravitated towards the highs following its late January short-squeeze that saw shares briefly topped out at $483. If GME can head back up this week and sustain above that first teal trendline and the 50 month MA, there is the possibility of an enormous short squeeze. Starting from December, investors were betting the stock would go up and fast. As the squeeze played out, VW became (briefly) the world’s most valuable company. I’ve had a lot of people messaging me, saying we should get into silver. Their average twelve-month price target is $13.36, predicting that the stock has a possible downside of 92.44%. According to the Wall Street Journal, 138% of the shares were sold short. BBBY, TLRY, and GOGO are three stocks with similarities to GME that also have high levels of short interest. The attack was on the “evil shorters”, with the implication that the retail investors wanted to trigger a short-squeeze. Watching AMC & GME stocks short interest on Ortex, and doing technical analysis on the price action. OTRK comes in at #2 with 32% and remains our prime target for a massive short squeeze based on this high short interest and gap in the chart currently attempting to be filled: Now the question is whether WallStreetBets and its enormous degree of retail trading influence will target another highly shorted equity or if GME is a one-off. GME Short Squeeze What Comes Next Part 1. Recall the Jefferies was the underwriter of Hertz’s ATM stock sale program that was cut off by the SEC. Net losses increase for short sellers. The Reddit group Wallstreetbets is now eyeing to short squeeze silver market, one of the heavily shorted markets with the majority of the short position bought by JP Morgan. In order to slow the “squeezers,” brokers limited trading on certain stocks. The Next Short Squeeze Target. But if paper hands continue to sell when the stock reaches a higher price level, then the short squeeze may never really take off. There were too many short sellers borrowing far too many shares. Finally, assuming terminal value, I can back into to /share. What are the components of a short squeeze? This will lead to more short positions covering driving the price up some more, leading to more short positions doing the same. GME was up 700% in less than two weeks (at its high), driven by one of the biggest short-squeeze in history catalyzed by a cohort of unified retail traders on WallStreetBets. The Short Squeeze . Emotion is the most dangerous enemy of an investor…I know from experience. This is the stock market, it is not fueled by hope. 169 ] [ additional citation ( s ) needed ] Robinhood then began limiting trading! gme and amc related youtube thumbnail from Frank jones. If you know Hedgeye well you know we don't do "price targets", as in 12 month price target. I covered the risk of short squeezes last week when the GME trade was ramping up. In fact, the few discussions about SLV on WSB fell into the three general categories of SLV simply not being a good short squeeze target, SLV being a distraction from GME… This was the biggest short-squeeze since late January. Add in a one-year price target of $27, and C&J Energy is a pretty solid bet even without the possibility of a short squeeze. JP Morgan reportedly holds largest short position in Silver and clearly the short squeeze will affect them severely. ... Prev AMC STOCK SHORT SQUEEZE REALISTIC PRICE TARGET. GME long thesis: why 40$+ target is actually a humble estimate (even without the short squeeze) ... Now if we speculate that GameStop's market cap would only be 9bn (was one cycle ago) we have a share price of 138$ per share. That play is unlikely, although it is not impossible. u/ty_jax explanation. If GSE runs to $50.00, the trader can exercise the option and pay … But the unrelated company is affected primarily because it shares … Notice the extremely high volume as it gapped up from the $2’s to the $3’s last week and to around $4.40 this morning. For example, someone who has borrowed 1000 shares of GME and sold it short at $39.00 may also buy the OPTION to purchase 1000 shares of GME at $39.00 for $3/contract. GameStop ( GME ) shares closed at $90 yesterday and have lost over 80% in value since hitting intra-day highs of $483 last week. The short squeeze is effectively over and price action is bearish. Follow him on Twitter to keep up with his latest work! A lot of the shorts have closed, and a lot of the institutional support for GME has been selling off. GameStop Corporation (NYSE:GME) has been silent about its epic short squeeze until posting a series of tweets Tuesday and Wednesday that were later deleted. When the key to the price is a good story and emotion, a 1,000 dollar price target for a previously troubled company seems plausible. The higher the short interest, the higher the chance of a successful short squeeze. wallstreetbets silver short squeeze. Image Source: Pixabay Wedbush analyst Michael Pachter downgraded GameStop to Underperform from Neutral with a price target of $29, up from $16, following last night's Q4 report.The stock in premarket trading is down 14% to $156.70. Citadel and Point72, two other prominent hedge funds, bailed out Melvin Capital by lending almost $3 billion to the now struggling hedge fund. GME is up over 1500% in just 10 trading days. 10:43PM EDT Not Just GameStop, WallStreetBets' Target Melvin Capital Closed All Public Short Positions In Q1 Benzinga May 19, 2021 12:20PM EDT Shares of video game retailer GameStop Corp. (GME) are trading 5 percent lower on Wednesday despite there being no company announcement or other news to influence the stock. Name * Email * All the way up to the whales who have massive short positions. View gme's stock price, price target, earnings, financials, forecast, insider trades, news, and sec shares of gme can be purchased through any online brokerage account. However, the significant loss caused by short-selling GME stocks decreased its asset value by almost 30% within the first three weeks of January. The driving force behind GameStop’s meteoric rise can be explained by what is known as a classic “short squeeze”. Notice how the stock ranged above $5.00 for 8 trading days. Additionally, we alerted it on 1.16.2021 as a Bullish Swing Trade with a target entry of 38.66. 4) good pending catalysts: covid19 vaccine, infection rate is trending down, the tides is turning! GME breached $200 for the first time since February 1. As silver is a precious metal, a targeted short squeeze would affect the value of the US Dollar. It's known as a short squeeze, and it could take a while to burn out given the massive number of bets against GME. Without getting too far into the weeds, a short squeeze is an event where a rising share price and a perfect set of conditions and catalysts cause short-sellers to feel trapped into their positions. The retards on r/wallstreetbets understand this. The price of silver has already risen by 6% for the day and it seems the Redditors have started buying the Silver similar to GME … Gamestop (GME) has created and dominated headlines over the past week. The crux of this article isn't to prove long-term value however. It was thought that the short squeeze would come to an end when retail investors pushed GME stock price to $65, giving Melvin Capital a heavy blow. Short-sellers borrow shares and sell them, betting that the price will decline and they'll be able to buy the shares back at a lower price, return the shares to the lender, and pocket the difference. Short Squeeze Case Study. The fact that some investors were foolish enough to short these stocks makes their trade even better.” Meanwhile, Shares in small Australian nickel and cobalt explorer GME Resources jumped as much as 53% on Thursday, seemingly driven by the similarity of its stock ticker code to GameStop. And faced with a suddenly soaring share price, those short sellers were forced to buy — at any price — to stop the bleeding. Not bad for a … In the initial short squeeze move, we were hoping that buyers would step in at $8.00. In its 10-K GameStop (NYSE: GME) said a “short squeeze” due to a sudden increase in demand for shares of our Class A Common Stock that largely … Short attacks The vols and price increases were driven by other hedge funds who saw a massive squeeze. The short squeeze at Gamestop (GME) led other retail traders to target other stocks with high short interest including Blackberry, Express Inc, AMC Entertainment Holdings Inc, Bed Batch & Beyond Inc, National Beverage Corp, Koss Corporation and Fossil Group Inc. Small Caps went from down over 1.5% ahead of the EU close to up over 2.5%. Yeah, probably… but with over 100% short interest remaining, there’s a lot of potential to initiate another squeeze before the week is up. 5) yet AAL is a real company that has legitimate business, and services that people want. Looking at the two main Megathreads for March 3, it's clear GameStop is once again Reddit's top short squeeze target. ASO stock has a short interest of about 40 percent. If price fails below 0.7680, intraday support is at 0.7640 before today’s low of 0.7621. First resistance is at 0.7680 and then the top trendline of the channel near 0.7750. GameStop shares lost another 60% in value on Tuesday, as the short squeeze that pushed the stock up 1,700% in January seems to be coming to an end. Shortly after this short squeeze was forced, Melvin Capital incurred a 53% loss for the month of January, and was forced to, allegedly, close out their short position in GME after it surged 1600%. GameStop stock (NASDAQ: GME) skyrocketed to all-time highs before settling 51% above the previous day’s close. The beyond parabolic move in GameStop (GME) happened when Reddit boards decided to squeeze the short positions held by big money managers on GME. The short squeeze has sent our rocket ship towards the moon, but our destination is still far ahead. The Rocket Companies Megathread for March 3 had zero upvotes and 18,800 comments. A short squeeze forces those who bet against the stock to buy in order to forestall bigger losses, sending the stock price much higher. It’s a commodity and a whole different animal than squeezing GameStop. Amidst all of the market turmoil following the Reddit wallstreetbets efforts to put a massive short squeeze on the likes of GME, AMC, BBY, EXPR, KOSS, BB, etc., it was just a matter of time before this same short squeeze template was applied to ETPs.On January 28 th, silver became a short squeeze target and the primary silver ETP, SLV, was suddenly in the crosshairs and trading volume … While some short sellers appeared to cover their bearish bets in recent weeks, a short-selling expert says he still sees plenty of squeeze potential. On January 22, r/wallstreetbets investors had initiated a short squeeze on GameStop and pushed the stock price up shortly after Citron Research stated that the value of the stock would decrease. We want to find stocks with the potential for a short squeeze but where the actual stock price hasn’t moved much yet. They were apparently trapped in a painful-sounding “short squeeze,” forced to buy shares to cover their position and thus inflate the price even … If price fails below 0.7680, intraday support is at 0.7640 before today’s low of 0.7621. If this happens enough a stock’s price can quickly spin out of control, resulting in a short squeeze. But analysts think the company's stock price has raced too far. JP Morgan reportedly holds largest short position in Silver and clearly the short squeeze will affect them severely. The short seller eventually has to close out his position by purchasing shares, which he hope to do at a lower price. wallstreetbets silver short squeeze. In the news this week is the short squeeze going on in nyse:gme. According to the Wall Street Journal, 138% of the shares were sold short. For example, hedge funds were shorting a stunning 140% of GME’s float. The fact that some investors were foolish enough to short these stocks makes their trade even better.” Meanwhile, Shares in small Australian nickel and cobalt explorer GME Resources jumped as much as 53% on Thursday, seemingly driven by the similarity of its stock ticker code to GameStop. Here's a chart of the hottest meme stocks and short squeezes: Data was grabbed from Yahoo Finance. Jefferies is GME’s main investment banker and is a sleazy firm. GameStop Corp. (NYSE: GME): GameStop is a … Meanwhile, AMC Networks Inc (NASDAQ:AMCX) also had short sellers target it. On the other hand, if price rolls back below the first red downtrend line, it can easily dump back to the lows.
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