I don't know anything, this isn't financial advice and obviously I can't see the future. Sharing my DD on why I yolo'd into GME this week. Reposting with cleaned up language because the last post got removed.
YOLO - 40x210c expiring 8/5 + 100 shares @ $~$140
Alright I'm not here to fuck around, just share why I think the shit is about to hit the fan.
1) There is a triple bottom pattern.
https://www.investopedia.com/terms/t/triplebottom.asp
I'll make it easy and copy the relevant part for you.
- There should be an existing downtrend in place before the pattern occurs.
- The three lows should be roughly equal in price and spaced out from each other. While the price doesn't have to be exactly equal, it should be reasonably close to the same price, such that a trendline is horizontal.
- The volume should drop throughout the pattern in a sign that bears are losing strength, while bullish volume should increase as the price breaks through the final resistance.
Used some crayons for those that can't read.
https://imgur.com/xV5dIfa
2) This is the longest period of 100% borrow utilization for GME including prior to the January squeeze. Orange Line
3) FTDs are exploding. Hedgies writing checks that their asses can't cash.
4) GME is getting directly registered by apes, reducing borrow availability. The stonk is less liquid today than it was in Jan of '21.
5) The options chain is loaded and ready to go. 2.8m call options OTM near expiry within 10% during historically low liquidity for the stonk. 2.8m options = 280,000,000 shares = 90+ days of current trading volume (~3m shares per day)
6) Conditions are very similar to the last run in March.
March 15 - Days to Cover - 6.7, Short Interest - 20%+, Volume - 3.5m
Today - Days to Cover - 6.4, SI - 23%, Volume - 2.9m
7) I like the stock.
Mods - I am not giving anyone advice, just sharing information that is publicly available to anyone with the means and motive to put it together.
Expensive to short, free to be retarded. Stay safe out there apes.