$GameStop(GME)$Form 8-K that was submitted to the SEC will NOT show over voting. Excess votesrecieved by the company responsible for collectingthem will be normalized. For example if the float was 100 and 200 votes were recieved, each vote will be evaluated as 0.5. The votes counted on the form is for shares held and transacted before April 15. Many shares have been bought since then. Institutions did not vote in the last meeting, and will likely not vote this time. Voter turnout this time was near 100%. It is likely that the votes were indeed normalized as above. It also means that it is highly likely that votes exceeded the float count.
$GameStop(GME)$US media is hyping GME again after weeks of ignoring it. It’s going to be a bumpy ride. Be prepared for flash crashes (discounts). You will probably hear them say that the squeeze is over after days of gain. GME had 140% SI in Jan, there is no way “shorts have covered” unless they have bought every single share from retail at that point, and then some. If you know you didn’t sell, then there’s no reason to believe what the media is saying. Remember to vote if you have purchased shares before 14 April! Not financial advice.
$GameStop(GME)$Watch out for fake squeezes. Plenty of no-name hedge funds suddenly announcing short positions. It could be a set-up for a fake “margin call”.DO NOT DAYTRADE, ONLY LIMIT SELL WHEN PRICE REACHES YOUR FLOOR, ON THE WAY DOWN
$GameStop(GME)$There are no paper hands. 4000 puts were purchased last Friday. 1000 of which exercised to drive price down on Monday close. Today we most likely will see the remaining 3000 exercised to drive the price down even further through the day. Why today? $9m worth of ITM calls. If it closes above 250, we may see a small gamma squeeze. That, and that the last 3 days of trading may be abovemax pain for short HF. If the prices don’t go down today, they may fail the margin call. Margin call gives T+3-5 days to cover. DISCOUNT DAY. Not financial advice.
$GameStop(GME)$Don’t worry about AMC’s pricemovement yesterday. To me, these are all tactics to make you sell. Price is the only metric for me and right now I think the price is wrong. HedgeFuks can try all they want. A few things may happen from here.1. Let AMC climb higher, then crash it down to “setan example of what happens to bag holders”2. Let AMC climb higher than GME again and claimAMC is the “real” squeeze. This is happening right now on US media, but AMC holders ain’t stupid either. AMC holders feel a fake squeeze is coming.3. Dump both AMC and GME on 28/5, and let investors panic over the long weekend (Monday is a public holiday in US), followed by a crash when market opens on Tuesday.4. Both stocks rise right
$GameStop(GME)$There is a possibility that GameStop has completed the sale of additional 5M shares as announced during the shareholder meet in yesterday as well as today. It seems like the price has stabilized and back to VWAP levels. It means that my favorite company/stock has raised an additional 1.3B in cash reserves. The general public may possibly feel that the stock is undervalued.
$GameStop(GME)$Are you ready to hold on? Today is one of the most hyped dates since January. Note that the vote count might not be released today. It may take up to a week from 9th January for the official count to be submitted to SEC. Today, we may see a significant ramp up in price, but not without US media trying to convince investors that the squeeze is going on/over. Are you ready to hold on to $1000 or more and watch the price tank before close, back to $300? Social media may go down while the media screams at you saying the squeeze is over. This could well be the hedge funds’ Hail Mary. You’ll see the moon if you hold long and hard enough. ??? to the end. Not financial advice.