GME 1hour - WSB pump in action

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Please dont enter positions on this.

Please.

If you follow Gamestop, people have been pumping this for months, they've been loading calls and shares, and there is absolutely ZERO reason that this stock should be up 68% (at time of post) today on ZERO news. NONE. There is no catalysts except for new board members? You mean to tell me THAT causes a company that is actively closing stores to go up 68% on a random Wednesday in January???? This is a prime example of what it means when a group of traders (a large group) gets together and causes a stock to run).

No. Im not buying it. Literally not buying it.

NO OPEN POSITIONS and staying away entirely. I suggest you do the same.

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Adding some updates to my post:

First - I am now more aware of what a short squeeze is and I am thankful for all the info I received.

Second - I still stand by my statement, I think if you have no open positions you should stay away entirely. I dont think it sustains this momentum right now.

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Ok you can always go hindsight on your positions. I can look through pages upon pages of trades I've made and trades I didn't make that ended up similar to this. I never had a position in GME, never had plans except for buying some options which I never did. It is great to watch this unfold. But I still stand by my statement on the other chart I made - this company is completely overvalued and not worth anything near this price.