Guys, I don’t know what is fueling the Gamestop rally but I can tell you it’s not Reddit. Why? Because I announced to r/Wallstreet Bets when I posted last night — I was the first one to notify them before Reddit temporarily crashed.
Someone or some people are buying a lot of stock in this company. But it’s a mystery to who it is. Watch this space because I’m digging to find out. Pay no attention to the BBC or anyone else as their speculation this rally is Reddit moved is in my humble opinion wrong.
The media has been so slow to see this move and respond to it they’ve got completely the wrong end of the stick.
I am going to be moving my stops up at the next market open. One of my GME trades is at a roaring 113% profit. This is the stuff you may think I dream about when trading. But no, I prefer gentle moves. However, I work on the principle that if something has been to a price it can go there again. Buying the dips. Using MACD on the daily chart to work out when to enter.
Not one of the major media outlets has gotten this one right. Incidentally, if it is fueled by Redditers then it was not posted at r/WallstreetBets before the move. This time, Robinhood didn’t get to shut down the trades and eToro was working fine.
I have also had discussions with eToro about requiring a $1000 deposit if you are outside the USA. It’s ridiculous.
Incidentally, my post was removed by the Mods of r/Wallstreet bets for no reason.
Here it is.
That was me — I made 7 comments before it went. Did the r/Wallstreetbets guys kill it because of the Rally? Did they cause the Rally? Am I being paranoid? Should I be asleep as it’s 2:44am (I have autism so that means I don’t sleep “regular hours”).
The price at that time by the way was here and you can see it in my post yesterday.
I bought at the bottom of that MACD turn adding to my previous shares which were losing.
What’s going on? I can’t tell you right now but I’m sure it will emerge very shortly.
