GME - short squeeze 2
Mar. 10th, 2021 11:53 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
dennisgorelikIrresponsible GME traders jeopardize my GME price prediction forecast
My forecast suggested that GME will have long-term decline (down to $10), but GME repeatedly trades at $300+ (GME is at $347.00 now)
If GameStop company has multiple opportunities to recapitalize at $300+ per share, then there is no reason for GME price to drop significantly below $100 in the next few years.
My GME forecast mistake hints that I significantly overestimated the impact of crazy money on the stock market.
People have so much easy money available, that they are making big bets on pump-and-dump games [such as "GME short-squeeze" and Bitcoin].
If there is too much crazy money available, then we will likely to have another stock bubble ahead of us.
S&P 500 is likely to reach above 4000 in the following few weeks.
My forecast suggested that GME will have long-term decline (down to $10), but GME repeatedly trades at $300+ (GME is at $347.00 now)
If GameStop company has multiple opportunities to recapitalize at $300+ per share, then there is no reason for GME price to drop significantly below $100 in the next few years.
My GME forecast mistake hints that I significantly overestimated the impact of crazy money on the stock market.
People have so much easy money available, that they are making big bets on pump-and-dump games [such as "GME short-squeeze" and Bitcoin].
If there is too much crazy money available, then we will likely to have another stock bubble ahead of us.
S&P 500 is likely to reach above 4000 in the following few weeks.
no subject
Date: 2021-03-10 06:48 pm (UTC)Right; is not it really funny?
Funny
Date: 2021-03-10 11:07 pm (UTC)Re: Funny
Date: 2021-03-11 01:14 am (UTC)Not my level of learning. I'm just impressed by the weather. Like the snow that just fell on my skylight.