Too-Volatile, Too-Disconnected GameStop Stock Will Continue to Burn Shorts

38
8
Favorite

Too-Volatile, Too-Disconnected GameStop Stock Will Continue to Burn Shorts

InvestorPlace2021-07-23

Playing whack-a-mole with the meme mob isn't a game that GME stock bears can win. I’ll be the first commentator to admit that video-game retailerGameStop (NYSE:GME) isn’t making money hand over fist....

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（8）

keh086k
·2021-07-24
Omg
Reply
Like
Report
octobernine
·2021-07-23
Burn baby burn
Reply
1
Report
neoh
·2021-07-23
[流淚]
Reply
1
Report
Siong15
·2021-07-23
GME Gambling Mad Ending
Reply
1
Report
Siong25
·2021-07-23
This is too risky for investment, this is gambling
Reply
2
Report
Fold Replies
- JazzKhor:
  Agree
  2021-07-23
  Reply
  Report
Rozilla
·2021-07-23
Keeping my nest
Reply
1
Report
Sam87
·2021-07-23
?
Reply
2
Report
Fold Replies
- Teslawonder:
  good
  2021-07-30
  Reply
  Report
Ahleepapa
·2021-07-23
SQUEEZEEE THEM
Reply
2
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1123210107?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-07-23 19:28","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1123210107","market":"us","top_or_hot":-1,"title":"Too-Volatile, Too-Disconnected GameStop Stock Will Continue to Burn Shorts","media":"InvestorPlace","content":"<div>\n<p>Playing whack-a-mole with the meme mob isn't a game that GME stock bears can win.\n\nI’ll be the first commentator to admit that video-game retailerGameStop (NYSE:GME) isn’t making money hand over fist....</p>\n\n<a href=\"https://investorplace.com/2021/07/short-sellers-will-continue-to-get-burned-with-gme-stock/\">Source Link</a>\n\n</div>\n","source":"lsy1606302653667","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Too-Volatile, Too-Disconnected GameStop Stock Will Continue to Burn Shorts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToo-Volatile, Too-Disconnected GameStop Stock Will Continue to Burn Shorts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-23 19:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/07/short-sellers-will-continue-to-get-burned-with-gme-stock/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Playing whack-a-mole with the meme mob isn't a game that GME stock bears can win.\n\nI’ll be the first commentator to admit that video-game retailerGameStop (NYSE:GME) isn’t making money hand over fist....</p>\n\n<a href=\"https://investorplace.com/2021/07/short-sellers-will-continue-to-get-burned-with-gme-stock/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GME","symbol_name":"游戏驿站","start_time":0,"source_url":"https://investorplace.com/2021/07/short-sellers-will-continue-to-get-burned-with-gme-stock/","article_id":"1123210107","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1123210107","pubTimestamp":1627039688,"columns":[],"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"Playing whack-a-mole with the meme mob isn't a game that GME stock bears can win.\n\nI’ll be the first","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GME":"游戏驿站"},"translate_title":"过于波动、过于脱节的游戏驿站股票将继续烧毁空头","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GME":0.9},"content_text":"Playing whack-a-mole with the meme mob isn't a game that GME stock bears can win.\n\nI’ll be the first commentator to admit that video-game retailerGameStop (NYSE:GME) isn’t making money hand over fist. Yet, this admission doesn’t mean that betting against GME stock is a good idea.\nA few months ago, I evenflipped bullishon GameStop. At that time, I dared adventurous traders to consider a long position.\nSource: Shutterstock / mundissima\nOf course, this isn’t to say that anybody should pour their entire account into GME stock. It’s too volatile for a very large-size position and the stock’s price is too disconnected from the company’s fundamentals.\nSo maybe, my stance is best described as resignation rather than optimism. And with that, please join me as I hold my nose and analyze the name that kicked off the meme-stock game.\nLooking for the Next GME Stock\nLooking back upon a bizarre first half of 2021, it’s interesting to revisit the wild price moves of GME stock.\nEveryone and his uncle wants to find the next GameStop, but there’s really nothing like the original. I mean, the price move in this stock was legendary.\nAnd, it set up a target for the bulls. When GME stock touched $483 in January, investors’ accounts lit up bright green while short sellers awaited calls from their brokers’ margin desks.\nIt was the best of times and the worst of times, depending on which side of the trade you happened to be.\nThe short sellers have attempted to fight back, but the GameStop stalwarts seem to have endless energy.\nFor an immediate-term target, the bulls can look back to the GME stock price spikes in March and June. Those times, $300 provided a hard resistance point.\nBreaking through that with heavy, sustained volume would set $500 as the level to watch. The bulls almost got there in January — and after all, resistance levels are meant to be taken out.\nShort Attention Span\nThe folks on Reddit and other social media outlets who like to trade and talk stocks sometimes aren’t taken seriously by the financial press.\nThat’s a shame, and it’s unfair. Big-money short sellers have pushed stocks in their desired direction for years, so why can’t retail traders band together and take on the institutional “whales”?\nIt’s a fascinating debate that involves a David-versus-Goliath battle which continues to this day. But who’s the winner here, really?\nYou’d be hard-pressed to consider GameStop, the company at the center of all this, the big winner.\nGameStop’sfirst-quarter financial resultspoint to an operating loss of $40.8 million and adjusted EBITDA of a negative $0.7 million. Clearly, the company is still struggling financially.\nThus, the retail crowd’s focus is more on the stock than the company itself.\nSurprisingly, though, they’ve kept their attention on GameStop even while focusing on a multitude of other names.\nA Rule of Thumb\nFor not tossing GME stock out like yesterday’s trash, I’ll give the meme-sters respect.\nFurthermore, they haven’t capitulated in the ongoing battle against the short sellers, who undoubtedly control billions of dollars in cash and assets.\nIf you’d like to join the grassroots resistance movement against the short sellers, then you’ll want to consider your strategy carefully.\nSmall position sizing is rule number one, always. Yet, there’s another guideline to consider.\nAnything above 15% short interest (as measured by short volume ratio) is a good rule of thumb for considering a short squeeze target, in my opinion.\nAs of July 21, GME stock’sshort volume ratiowas 24.3%, so this could be a springboard for an epic squeeze.\nWith that, the $300 target and even the $500 level could be taken out quickly.\nThe Bottom Line on GME Stock\nWe can view this as a battle of the haves versus the have-nots, or simply as a potentially profitable trading opportunity.\nEither way, there could be another major price move coming in GME stock.\nAnd at the end of the day, there’s no point in judging the meme stock traders. Instead, you might consider joining them and possibly booking some nice profits.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":174539334,"gmtCreate":1627108901428,"gmtModify":1703484415906,"author":{"id":"4090122463810310","authorId":"4090122463810310","name":"keh086k","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4090122463810310","idStr":"4090122463810310"},"htmlText":"Omg","listText":"Omg","text":"Omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/174539334","repostId":1123210107,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":175430010,"gmtCreate":1627045509330,"gmtModify":1703483151352,"author":{"id":"3582083107278542","authorId":"3582083107278542","name":"octobernine","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3582083107278542","idStr":"3582083107278542"},"htmlText":"Burn baby burn","listText":"Burn baby burn","text":"Burn baby burn","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/175430010","repostId":1123210107,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":175495161,"gmtCreate":1627045391653,"gmtModify":1703483147212,"author":{"id":"3582285682937778","authorId":"3582285682937778","name":"neoh","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3582285682937778","idStr":"3582285682937778"},"htmlText":"[流淚]&nbsp;","listText":"[流淚]&nbsp;","text":"[流淚]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/175495161","repostId":1123210107,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":175496754,"gmtCreate":1627045337578,"gmtModify":1703483145229,"author":{"id":"3564724712567045","authorId":"3564724712567045","name":"Siong15","avatar":"https://static.tigerbbs.com/731e68720f172a6444f3a731636b5000","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3564724712567045","idStr":"3564724712567045"},"htmlText":"GME Gambling Mad Ending","listText":"GME Gambling Mad Ending","text":"GME Gambling Mad Ending","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/175496754","repostId":1123210107,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":175405946,"gmtCreate":1627044984985,"gmtModify":1703483132138,"author":{"id":"3564653723071869","authorId":"3564653723071869","name":"Siong25","avatar":"https://static.tigerbbs.com/1c76890997f9d9ddfa1a2edd67b99241","vip":1,"crmLevel":5,"crmLevelSwitch":1,"authorIdStr":"3564653723071869","idStr":"3564653723071869"},"htmlText":"This is too risky for investment, this is gambling","listText":"This is too risky for investment, this is gambling","text":"This is too risky for investment, this is gambling","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/175405946","repostId":1123210107,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5306631,"gmtCreate":1627045298525,"gmtModify":1663231384347,"authorId":3583980018665683,"author":{"id":3583980018665683,"idStr":"3583980018665683","authorId":3583980018665683,"name":"JazzKhor","avatar":"https://static.tigerbbs.com/72c4959a5beb2fd83e1df2d25eb6a2c0","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":175405946,"type":1,"supId":0,"prevId":0,"content":"Agree","text":"Agree","html":"Agree"}],"langContent":"EN"},{"id":175583541,"gmtCreate":1627041533583,"gmtModify":1703483039411,"author":{"id":"3584845497808923","authorId":"3584845497808923","name":"Rozilla","avatar":"https://static.tigerbbs.com/48a6d0bfd53f17c7b4cd754a4ca13cc6","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3584845497808923","idStr":"3584845497808923"},"htmlText":"Keeping my nest&nbsp;","listText":"Keeping my nest&nbsp;","text":"Keeping my nest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/175583541","repostId":1123210107,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":175517417,"gmtCreate":1627041353739,"gmtModify":1703483035120,"author":{"id":"3572775695513464","authorId":"3572775695513464","name":"Sam87","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3572775695513464","idStr":"3572775695513464"},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/175517417","repostId":1123210107,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5381520,"gmtCreate":1627657861550,"gmtModify":1663231722836,"authorId":3574996021054734,"author":{"id":3574996021054734,"idStr":"3574996021054734","authorId":3574996021054734,"name":"Teslawonder","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":175517417,"type":1,"supId":0,"prevId":0,"content":"good","text":"good","html":"good"}],"langContent":"EN"},{"id":175534896,"gmtCreate":1627040777915,"gmtModify":1703483018611,"author":{"id":"3585038405943602","authorId":"3585038405943602","name":"Ahleepapa","avatar":"https://static.tigerbbs.com/dcc1fea9c38112b58c68a2d96017330b","vip":1,"crmLevel":1,"crmLevelSwitch":1,"authorIdStr":"3585038405943602","idStr":"3585038405943602"},"htmlText":"SQUEEZEEE THEM","listText":"SQUEEZEEE THEM","text":"SQUEEZEEE THEM","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/175534896","repostId":1123210107,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":38,"commentSize":8,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}