/biz/ - Business & Finance

Baggies, may I direct your attention to the price action of Gamestop? Its not looking too good. Lower high. Lower high. Lower high. Lower high. When will it end?

The answer is never. It will never make a new ATH because the shareholders who bought into the Squoozizzle narrative are getting impatient/coming to their senses that it was all a farce. Each time a new low is made, there is a fresh batch of bagholders who are willing to sell just under the recent high so that they can salvage at least a portion of the money they lost. I think you can see where I am going with this..... A self-feeding loop of holders cashing out just under the recent highs which forces the standouts to cash out at an even lower high. Its over. Its been over for 2 years.

Baggies, may I direct your attention to the price action of Gamestop? Its not looking too good. Lower high. Lower high. Lower high. Lower high. When will it end?

The answer is never. It will never make a new ATH because the shareholders who bought into the Squoozizzle narrative are getting impatient/coming to their senses that it was all a farce. Each time a new low is made, there is a fresh batch of bagholders who are willing to sell just under the recent high so that they can salvage at least a portion of the money they lost. I think you can see where I am going with this..... A self-feeding loop of holders cashing out just under the recent highs which forces the standouts to cash out at an even lower high. Its over. Its been over for 2 years.