| Author | Source |
|---|---|
| u/gherkinit |
Good Morning Superstonk!
It’s me “pickle guy” here to bring you another day of drawing pickles and triangles on the charts while watching GME trade sideways.
Well maybe not, according to a lot of very lightly researched information we get to find out who the DTCC cares more about today themselves or the markets they are supposed to “self-regulate”. I’m gonna go out on a limb here and guess themselves.
Possibly however we could see some smaller GME short positions move on the regulations as they are less well connected and more likely to get steamrolled by incoming regulations. Usually when these types of regulation go into effect they are enforced at a lower level so as to give the appearance of doing their job without actually targeting any of the big boys like Citadel. Low-hanging fruit if you will. Absolute speculation, just an interesting thought.
If you guys haven’t had a chance to Check out this weeks forward looking TA
Join us in the Daily Livestream https://www.youtube.com/c/PickleFinancial
Or listen along with our live audio feed on Discord
(save these links in case reddit goes down)
Historical Resistance/Support:
116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 285, 300, 302.50, 310, 317.50, 325, 332.5, 345, 350, moon base…
After Market
Well eight hours for .34 was definitely worth every second let see how this fares in after hours tonight and I will see all of you bright and early tomorrow. Have a good night guys.
Edit 7 3:45
JPOW said liftoff at least 12x, GME positive now on the daily
Edit 6 1:12
Triple bottom bounce into a test of VWAP
Edit 5 12:37
Looks like we might be going back down to 210-212. Volume dried up another sideways day unless JPOW crashes the market
Edit 4 11:21
1.1 million shares back on iborrow borrow fee dropped to 0.7% this could be long funds putting up shares from the ATM offering that they just purchased. I do believe that the current rebate rate is .98% however so it looks like GME is now +0.2% positive to short borrow…Fell below VWAP more chop if we slip the support expect a dip
Edit 3 10:30
Testing 220 and SHFCJ indicator confirmed. Guys we know how the mayo is made!!??!!
Edit 2 10:15
Nice double bottom bounce looks like most of the shares borrowed are eaten up already based on volume ratio. If that was all their ammo this was a pretty pathetic short attack.
Edit 1 9:46
500k volume so far. Didn’t hold VWAP so we may see a bit of a dip but surprisingly stable given the number of shares borrowed
Pre-Market Analysis
Pre-Edit 4 9:21
Now the shares on iborrow are gone down to 10,000 available. So a total of 1.19M borrowed.
Pre-Edit 3 9:08
700k borrowed Iborrow now at 500k available.
Pre-Edit 2 9:00
Still looks like those shares were borrowed strap in it could get ugly
Pre-Edit 1
We could definitely have another nothing morning our volume is low sitting at 32k. It appears that the 1.2 million shares have disappeared from Iborrow, I’ll update more on this before market open. Fidelity is showing 1M shares available but also flagged as “hard to borrow”. If they have been borrowed we could see some crazy opening price action so be prepared. Pretty flat pre-market so far. I will drop another update around 9-9:15 after I get some more information on share availability.
** Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.*
*My YouTube channel is “monetized” if that is something you are uncomfortable with, I understand, while I wouldn’t say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled. My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.
*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.
 No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* Learn more