iBankCoin
Joined Jan 27, 2008
7,290 Blog Posts

GME: Short Idea

[[GME]] After viewing Danny’s post, I had to re-post the chart. This one looks ripe to take a dive.

If we do enter into a recession, do you honestly think people will be bidding up this stock?

gme.gif

gme-1.gif

If you enjoy the content at iBankCoin, please follow us on Twitter

8 comments

  1. Woodshedder

    Cajun, quick, add a 50 day avg. to that chart.

    Bam! There’s your short entry!

    You have to watch that 200 day. I think the professionals suck in a lot of shorts looking for a breakdown and then squeeze them. Note CRM.

    I like to use the 200 day just like the 50. Wait for a solid break of it, then when the stock retraces back up to it, and can’t retake the avg., short the piss out of it.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. RaginCajun

    Woody,

    True indeed. After the comments last night, I looked at a few charts and noticed that pattern.

    Will be checking it out, thanks for comments.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. FerarriF50

    Careful. I think the key is when it retraces back to the 50 dma. I’m thinkin it will break up. It’s hard to say no to kids. We shall see.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. RaginCajun

    Woody, added the longer term chart to see the 50 MA. The entry was beautiful when it touched.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. The Fly

    Charts are like Santa Claus: all make believe.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. Danny

    Who doesn’t love santa

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. Juice

    Shorted it jesterday.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. Woodshedder

    Who doesn’t love charts?

    • 0
    • 0
    • 0 Deem this to be "Fake News"