Keep an eye on GME over the coming days. I'm neutral on this, but I'll give some factors which may affect the price:
- AMA with Mark Cuban: Reddit are the drivers of this short squeeze, this AMA has a lot of value, and depending on Mark Cubans sentiment, will play a huge part in dictating the direction GME goes over the coming days
- Short Interest Reporting: Short Interest is reported on the 9th February. As of the 27th of January, Short % was at 130%, People predict that this has decreased, but how much is the main question people are asking. Speculation will move GME a lot until then, we may see another push to $300, or a push to $50.
- News: News Outlets will run with this 60% drop, and that may push the price down further.
There are many reasons why GME could go either way. Personally, I would look long, although it's very unclear where GME could be by Friday.
- AMA with Mark Cuban: Reddit are the drivers of this short squeeze, this AMA has a lot of value, and depending on Mark Cubans sentiment, will play a huge part in dictating the direction GME goes over the coming days
- Short Interest Reporting: Short Interest is reported on the 9th February. As of the 27th of January, Short % was at 130%, People predict that this has decreased, but how much is the main question people are asking. Speculation will move GME a lot until then, we may see another push to $300, or a push to $50.
- News: News Outlets will run with this 60% drop, and that may push the price down further.
There are many reasons why GME could go either way. Personally, I would look long, although it's very unclear where GME could be by Friday.