Momentum of GME seems to be turning around
Keep an eye on GME over the coming days. I'm neutral on this, but I'll give some factors which may affect the price:
- AMA with Mark Cuban: Reddit are the drivers of this short squeeze, this AMA has a lot of value, and depending on Mark Cubans sentiment, will play a huge part in dictating the direction GME goes over the coming days
- Short Interest Reporting: Short Interest is reported on the 9th February. As of the 27th of January, Short % was at 130%, People predict that this has decreased, but how much is the main question people are asking. Speculation will move GME a lot until then, we may see another push to $300, or a push to $50.
- News: News Outlets will run with this 60% drop, and that may push the price down further.
There are many reasons why GME could go either way. Personally, I would look long, although it's very unclear where GME could be by Friday.
- AMA with Mark Cuban: Reddit are the drivers of this short squeeze, this AMA has a lot of value, and depending on Mark Cubans sentiment, will play a huge part in dictating the direction GME goes over the coming days
- Short Interest Reporting: Short Interest is reported on the 9th February. As of the 27th of January, Short % was at 130%, People predict that this has decreased, but how much is the main question people are asking. Speculation will move GME a lot until then, we may see another push to $300, or a push to $50.
- News: News Outlets will run with this 60% drop, and that may push the price down further.
There are many reasons why GME could go either way. Personally, I would look long, although it's very unclear where GME could be by Friday.
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