GME is bound to pop. A technical & fundamental trade.
Ok so this stock has a price to book of 0.28, would have been a 40% div yield ( had they not cut the dividend). Did this stock only drop since they cut the dividend? Do investors not care that the Assets - Liab's of the company are worth much more than the company's stock? Seems stilly. Buffet often suggests buying at a discount to book value, which we definitely have here.
On a technical basis, RSI on the W is lower than ever before in history. Considering this is the middle of the first 2 consecutive green candles, I think this is an optimal entry for an 13.8 to 1 risk to reward trade. Only has to work greater than 7.14% of the time to be profitable.
58% of shares were short as of 08/14/19, per yahoo finance. Just imagine what will happen when they cover or there is a buy out~!
Get in while you can.
Cheers, Broom
On a technical basis, RSI on the W is lower than ever before in history. Considering this is the middle of the first 2 consecutive green candles, I think this is an optimal entry for an 13.8 to 1 risk to reward trade. Only has to work greater than 7.14% of the time to be profitable.
58% of shares were short as of 08/14/19, per yahoo finance. Just imagine what will happen when they cover or there is a buy out~!
Get in while you can.
Cheers, Broom
הערה
It popped, and it's still poppinהערה
Poppedהערה
Poopingהערה
Thanks for the support guys. It's hilirious that my top chart I forgot to save the graphics on the chart before posting... LOL! follow me @benny_stacks on twitterהערה
trade closed, target reached.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.