Gamestop a scary stock?
Or is it a classic pump and dump scheme?
After Wednesday big fall from $340 to $198, I'm sure it has caused a lot of "paper hands" to exit their positions.
I'm not sure why but I get a weird sense of confidence when the share price went up to $260 in minutes after the big dip and 7 halts!
I suspect this is a form of manipulated attack from the institutions or some robot auto-selling.
Sound crazy eh? I don't think so.
It was trading steadily and some minor spikes to $340. A classic pump and dump scheme wouldn't drop $150 in just 15 minutes.
And in that 15 minutes, there were already 4 halts. How is it possible that this was just a "take profit" scenario?
It's clearly a coordinated attack to create fear And uncertainty.
Right now GME despite the big drop, it's still trading higher than Monday.
Is this a sign to continue holding?
I'm definitely holding it but maybe not to the moon.
Will be exiting half at $380.
Let me know your thoughts in the comments below!
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- Greentea·2021-03-14666661Report