I have no idea if I can make it happen. I don’t know if my broker is one of those preventing a buy order on Gamestop, or AMC Theaters. Or a couple of others.
BUT, I can smell a fire burning under a rich Fat Bastard, and I can enjoy throwing some of my money on the fire to make it burn faster and hotter. “I don’t care”. (Listen to the video)…
Why? Well, I might make some money, but far more important to me is that I can stick a poke in the eye to the Swamp. I can maybe lose a few hundred to a $Thousand of my money. BUT, they are already assuring my money will be turned to dust via massive borrowing, China Debt Trap Diplomacy, and massive money printing. So why not use it “for effect” while it still has a bit of clout, eh?
Here’s a GME graph. Notice that all the “news” is about the horrible Plebs going against the short Hedge Funds and now the recent “plunge” has started a selloff. Well, no.
This is a 10 day 15 minute graph. It has a lot to say.
First off, at the very bottom, DMI is “blue on top”, that is a longer term bullish signal.
ADX, the black line, is below 15 so a bit “nothing happening soon or fast”, but I’m OK with that for a long position. MACD is just barely above zero, so saying long term up BUT, notice that it is setting up for a reversal to “blue on top” bullish call. A bit early, but…
For me, THE big thing is how Volume+ is saying that the folks who went Major Long GME 4 to 6 days ago, and have put on the Short Squeeze, had volume drop to near nothing in the last 2 days. These folks are “holding the line” and NOT panic selling into all the shit that is being shoved into their collective faces. There is ZERO panic in that volume line. Folks are HOLDING.
They KNOW the shorts shorted more stock than exists. They KNOW that they can “just wait”. They are “holding the line”. I want to stand with that kind of folks. I don’t care if I eventually lose $1000 bucks on 3 shares. I want to stand with them.
It is worth it to me, for my sense of self worth, to step up to the line and toss my money on the pire. Let the Fat Bastard render for a while. I have wine, and time, and some cheese to warm, melt and share….
Such is life…