GME Round 3?

March 26th edit:

GME has had a wild few weeks. Not to toot my own horn, but it turns out back on March 1st that I was right about GME ballooning again in the weeks that followed.

Quite likely that was blind luck. Regardless, I have a theory that this pattern may repeat itself yet again which I'll post further down.





Original post -

quote:

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I almost made a topic about this yesterday (March 1) only to decide against it since I feel like this has been beaten to death already, but recent activity has me curious as to what the rest of y'all think is going on with it now.

If WSB is to be believed, the shorters were never actually able to navigate their way out in January due to shares being naked shorted / double or triple shorted and they've doubled down on new short positions.

Whatever the truth may be, the fact is GME stayed in the $40-50 range for a mere ten days before ballooning to $90 and up. Now it has been stable over $90 for five days.

I mention that only because if whatever happens in the next week is anything remotely like what happened in January, there may be a similar pattern emerging.


GME was stable for months at $15-20 until ballooning to $43 over the course of six days then $347 in four more

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March 26th update: GME Round 3?
Is GME roughly following a 6 week cycle of growth-growth-explosion-shrinkage-dormant-dormant?


Week 1: Growth
1/11 - 19.94
1/12 - 19.95
1/13 - 31.40
1/14 - 39.91
1/15 - 35.50

Week 2: Growth
1/19 - 39.36
1/20 - 39.12
1/21 - 43.03
1/22 - 65.01

Week 3: Explosion
1/25 - 76.79
1/26 - 147.98
1/27 - 347.51
Robinhood and others restrict GME trading
1/28 - 193.60
1/29 - 325

Week 4: Shrinkage
2/1 - 225
2/2 - 90
2/3 - 92
2/4 - 53.50
2/5 - 63.77

Week 5: Dormant
2/8 - 60
2/9 - 50.31
2/10 - 51.20
2/11 - 51.10
2/12 - 52.40

Week 6: Dormant
2/16 - 49.51
2/17 - 45.94
2/18 - 40.69
2/19 - 40.59


Week 1: Growth
2/22 - 46
2/23 - 44.97
2/24 - 91.71
2/25 - 108.73
2/26 - 101.74

Week 2: Growth
3/1 - 120.40
3/2 - 118.18
3/3 - 124.18
3/4 - 132.35
3/5 - 137.74

Week 3: Explosion
3/8 - 194.50
3/9 - 246.90
3/10 - 265
3/11 - 260
3/12 - 264.50

Week 4: Shrinkage
3/15 - 220
3/16 - 208.17
3/17 - 209.81
3/18 - 201.75
3/19 - 200.27

Week 5: Dormant
3/22 - 194.49
3/23 - 181.75
3/24 - 120.34
3/25 - 183.75
3/26 - 181

Week 6: Dormant
3/29 - 181.30
3/30 - 194.46
3/31 - 189.82
4/1 - 190.40

News of additional share offering
Week 1 : Growth? Nope..still stagnant / shrinking
4/5 - 186.95
4/6 - 184.50
4/7 - 177.97
4/8 - 170.26
4/9 - 158.36


Week 2:
4/12 - 141.09
4/13 - 140.99
4/14 - 166.53
4/15 - 156.44
4/16 -

Note that obviously these are rough approximations of what's going on with the closing prices as a whole week to week. Individual days are often wild, and it's obviously not a perfect Monday to Monday week cycle.

If this cycle remains even remotely intact, next week's closing prices should be relatively stable. Relative for the GME insanity that is. Maybe it's as low as $120 again, maybe as high as $220, but I would think averaging out within the ballpark of where it's at now. - 4/6 update: Indeed as it turns out closing prices for the week of 3/29 to 4/1 did remain stable / relatively flat



Sometime between next week and the week after there should start to be steady growth in closing prices again. If the cycle continues, I expect an explosive week to follow the steady growth weeks.

But honestly who the hell knows at this point. I am having fun trying to read the tea leaves though. Good luck to everyone else that might be trying to profit off this clusterfrick

ETA: And I'm just going to swing for the fences and say 4/20 will be the next red letter day, because reality has become such a weird fricking parody of itself so why not.