GME was a stock that we traded on the short side near the end of 2013, mainly with a technical view that the stock had broken down below important support in the $50-$51 area, so …
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When we first put on the GME trade, our rationale was that the stock had broken the important $49-$50 support area on important fundamental weakness, so we expected lower prices over the next several weeks. …
Continue readingIn case you haven’t noticed, we’ve been targeting some of the high fliers lately as it looks like their parabolic run has come to an end, at least for the time being. We’ve generally targeted …
Continue readingAdd GME to the list of big 2013 winners that has recently experienced a significant technical breakdown. GME reported Q3 earnings last week, and actually beat by a penny, with better than expected revenues as …
Continue readingIn a world infatuated with the newest technology or latest gadget, Gamestop’s renaissance in 2013 is particularly curious. This is how the company describes itself, in its latest 10-Q: GameStop Corp…is the world’s largest multichannel …
Continue readingBack in May, we highlighted the persistence of high short-interest in some of the big year-to-date-winners. Dan posted commentary with the title, “Concentrated Longs with High Short Interest are a Trader’s Dream” which highlighted TSLA, …
Continue readingDoes the business cycle matter? The Great Moderation from 1982 – 2007 was used as evidence by economists that “We’ve Figured it Out” when it comes to economic management. In hindsight, that was just piling …
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