First off, welcome to Wendys! Where our advice isn’t financial, and our burgers are stuffed with crayons!
I’ve been watching people recently scream 100K IS NOT A MEME into the void over and over again, so I decided to break out of my lurker shell for those of us wondering if 100k is actually a meme, aren’t sure where to set the sell limit, and are afraid they are going to miss the train to tendie town. If you’ve been wrinkling your forehead thinking about this hoping a wrinkle will transfer to your brain, this is the post for you.
I’ve pulled some numbers from the Volkswagen squeeze to hopefully give some comfort to those apes who (like me) wandered around completely lost about where to set their sell (gasp) limits. I know GME isn’t Volkswagen, but if somebody can find me a closer comparison, that would be great!
Onwards, [here]( https://ca.finance.yahoo.com/chart/VOW.DE#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-) is the chart of the squeeze, I’ve even set the date range for you. Go take a look. EVERYBODY!
I’ve pulled numbers from the chart, I know they don’t line up with the values from 2008 (stock split maybe?) but they are accurate when used relative to one another.
Here we go.
October 2nd: $263
October 3rd: $277
October 6th: $292
October 7th: $287
October 8th: $294
October 9th: $296
October 10th: $342
October 13th: $353
October 14th: $352
October 15th: $390
October 16th: $398 (High $428, Low $382) --> NOT THE SQUEEZE
October 17th: $358
October 20th: $277
October 21st: $242
October 22nd: $243
October 23rd: $229
October 24th: $210
October 27th: $520 (High $635, Low $324) --> SQUEEZE
October 28th: $500 (High $500, Low $471) --> SQUEEZE
October 29th: $517 (High $607, Low $491) --> SQUEEZE
October 30th: $500 (High $590, Low $485) --> SQUEEZE
October 31st: $499 (High $548, Low $472) --> SQUEEZE
The stock then trades around $400 for almost another 2 weeks before starting to make its way back down towards pre-squeeze levels.
BEFORE THE SQUEEZE, the price ramps up to a peak on October 16th of $428, before crashing down over the next 6 days back to a low of $210.85 on October 24th, at which point the squeeze squozes. Once squozen, it squozes for 5 DAYS. If the price rises and crashes fast, it wasn’t the squeeze.
Please! Put away your fears that you are going to miss the squeeze. If we get to the true squeeze, you’ll have time to take a nap and still not miss it. Even if you went on vacation for a