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Link Posted: 1/13/2021 5:27:34 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By apexcrusade:



By Wallace Witkowski

'A long-buying tsunami ... is the primary factor for the price move,' short-selling expert from S3 says

GameStop Corp. (GME) shares soared Wednesday in an apparent short squeeze, but one analyst who specializes in information on short selling doesn't think that's the case.

GameStop shares surged more than 60% Wednesday -- which would be its largest one-day percentage gain ever, according to Dow Jones data --more than a week after short interest on the videogame retailer's stock exceeded the number of shares outstanding. At last check, more than 125 million shares had traded hands in the day's session, compared with a 52-week daily average volume of 6.5 million shares.

While GameStop has 69.8 million shares outstanding, short interest on the stock rose to 71.2 million shares on Dec. 31 from a previous 68.1 million shares, according to FactSet data.

On Monday, GameStop shares finished up 10% (https://www.marketwatch.com/story/gamestops-stock-shoots-up-after-reaching-agreement-with-activist-investor-2021-01-11) after it reached an agreement with activist investor RC Ventures to add three of its members to the board, and advanced less than 0.1% on Tuesday. Also, on Monday, the company said holiday same-store sales rose 4.8% and that digital sales had jumped 309%.

While noting that shorts definitely were a part of the buying binge, Ihor Dusaniwsky -- the head of predictive analytics at financial technology and analytics firm S3 Partners, which specializes in analyzing data on short selling -- said he doesn't agree that GameStop's price surge was the result of a squeeze.

"GME's board shake-up and stronger holiday sales is causing a long-buying tsunami, which is the primary factor for the price move," Dusaniwsky said in emailed comments. "While I agree that we are seeing some shorts squeezed out of their positions due to massive mark-to-market losses today, this is much like the chicken-and-egg question -- did long buying lead to short covering\squeeze or short covering\squeeze lead to long buying?"

Dusaniwsky believes it's the former.

"We will not be seeing a massive drop in shares shorted over the next few days, more like a 10%-20% drop which would mean 7 to 14 million of shares covered, which is nowhere near the almost 70 million shares traded this morning," the analyst said. "Long buyers are the primary force driving GME's stock price up. "

GameStop shares have skyrocketed more than 500% in the past 12 months, compared with a 16% gain in the S&P 500 index and a 42% rise in the Nasdaq Composite Index .

-Wallace Witkowski; 415-439-6400; AskNewswires@dowjones.com



(END) Dow Jones Newswires

January 13, 2021 14:48 ET (19:48 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
View Quote


Cough, cough, bullshit.
Link Posted: 1/13/2021 5:31:30 PM EST
[Last Edit: 1/13/2021 5:33:45 PM EST by sitdwnandhngon]
I saw POWW on reddit this morning, thought it wouldn't move much so I didn't grab any.

Should have expected that.

If you look at Olin and Vista Outdoors, both are sitting at $28 right now. POWW might end up around the same if people are loading up on ammo stock.
Link Posted: 1/13/2021 5:38:15 PM EST
GameStop made people millionaires today.
Link Posted: 1/13/2021 5:50:23 PM EST
ZOM 0.87
Must be a sign
Link Posted: 1/13/2021 5:51:26 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By IL2windhawk:
ZOM 0.87
Must be a sign
View Quote

Hype died down obviously.
Link Posted: 1/13/2021 5:55:37 PM EST
Hmm, back in to ZOM after hours at 0.88.
Link Posted: 1/13/2021 5:56:18 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By CamelPatriot:

Hype died down obviously.
View Quote


Huge drop in volume today vs the rally.  I think it's a good company to hold, especially at sub $500M valuation... but I fear the temptation management will have to dilute the shares.  Lots of money on the table for them right now if they wanted to grab it.  Anyways, I bought some at 0.87 for overnight hold.  Just because I hate sleeping i guess.
Link Posted: 1/13/2021 6:00:09 PM EST
[Last Edit: 1/13/2021 6:03:03 PM EST by Osprey61]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By CamelPatriot:
Big AH MVIS drop.
View Quote


Good idea to take to AH pricing with a grain of salt. It rarely has any impact on the following day's open. Seriously.

This is the front page from MVIS's most recent AH's action, taken straight off the NASDAQ. See all the single digits? People buying ONE share, or two or three? It's meant to walk the price up or down, and means very little. Stupid game played by day traders who think they're "moving" the tape. It's actually called "painting the tape".

The exception is when AH is accompanied by huge volume. Today's volume so far is 420K. Peanuts.

17:37:32$6.25  20
17:37:19$6.29  1
17:37:13$6.29  100
17:37:12$6.26  500
17:36:57$6.29  125
17:36:37$6.26  148
17:36:26$6.29  25
17:36:07$6.29  3
17:35:29$6.26  15
17:35:27$6.29  5
17:35:22$6.29  1
17:34:55$6.28  6
17:34:52$6.26  10
17:34:44$6.26  225
17:34:32$6.25  71
17:34:30$6.26  100
17:34:22$6.25  2
17:34:19$6.25  165
17:34:18$6.25  2
17:34:02$6.26  100






Link Posted: 1/13/2021 6:00:55 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Osprey61:


Good idea to take to AH pricing with a grain of salt. It rarely has any impact on the following day's open. Seriously.

This is the front page from MVIS's most recent AH's action, taken straight off the NASDAQ. See all the single digits? People buying ONE share, or two or three? It's meant to walk the price up or down, and means very little. The exception is when AH is accompanied by huge volume. Today's volume so far is 420K. Peanuts.

17:37:32$6.2520
17:37:19$6.291
17:37:13$6.29100
17:37:12$6.26500
17:36:57$6.29125
17:36:37$6.26148
17:36:26$6.2925
17:36:07$6.293
17:35:29$6.2615
17:35:27$6.295
17:35:22$6.291
17:34:55$6.286
17:34:52$6.2610
17:34:44$6.26225
17:34:32$6.2571
17:34:30$6.26100
17:34:22$6.252
17:34:19$6.25165
17:34:18$6.252
17:34:02$6.26100






View Quote

Ah, thanks that makes sense.
Link Posted: 1/13/2021 6:12:32 PM EST
Dumped a bit of money into ZOM yesterday and it was doing good. Today, well, at least my MVIS gains buffered my ZOM losses.
Link Posted: 1/13/2021 6:23:30 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Dr-G:
Dumped a bit of money into ZOM yesterday and it was doing good. Today, well, at least my MVIS gains buffered my ZOM losses.
View Quote
I'm currently down $1400 on ZOM but I'm not worried. The feeding frenzy will start up again soon. Plus we can be pretty sure it will happen before the end of March. The stock is on peoples radar and they know when market launch is scheduled. FOMO will bring them back.
Link Posted: 1/13/2021 6:43:20 PM EST
TANH is seeing some chatter on Reddit.

EV/Clean energy company, and Biden has an announcement about clean energy plans coming up.

They haven't seen any major spikes, and were at $4 before a big offering in November.



Link Posted: 1/13/2021 7:02:36 PM EST
[Last Edit: 1/13/2021 7:11:30 PM EST by Admiral_Crunch]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By CamelPatriot:
Big AH MVIS drop.
View Quote

Because of course it did.

Actually looks like it's recovered most of that drop.
Link Posted: 1/13/2021 8:08:32 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Whippet06:
I'm currently down $1400 on ZOM but I'm not worried. The feeding frenzy will start up again soon. Plus we can be pretty sure it will happen before the end of March. The stock is on peoples radar and they know when market launch is scheduled. FOMO will bring them back.
View Quote


Yeah. I want to pick up some more if it drops.
Link Posted: 1/13/2021 8:18:46 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Osprey61:


Good idea to take to AH pricing with a grain of salt. It rarely has any impact on the following day's open. Seriously.

This is the front page from MVIS's most recent AH's action, taken straight off the NASDAQ. See all the single digits? People buying ONE share, or two or three? It's meant to walk the price up or down, and means very little. Stupid game played by day traders who think they're "moving" the tape. It's actually called "painting the tape".

The exception is when AH is accompanied by huge volume. Today's volume so far is 420K. Peanuts.

17:37:32$6.25  20
17:37:19$6.29  1
17:37:13$6.29  100
17:37:12$6.26  500
17:36:57$6.29  125
17:36:37$6.26  148
17:36:26$6.29  25
17:36:07$6.29  3
17:35:29$6.26  15
17:35:27$6.29  5
17:35:22$6.29  1
17:34:55$6.28  6
17:34:52$6.26  10
17:34:44$6.26  225
17:34:32$6.25  71
17:34:30$6.26  100
17:34:22$6.25  2
17:34:19$6.25  165
17:34:18$6.25  2
17:34:02$6.26  100






View Quote

Good post, I did not know that. Of course, I know very little about the subject matter at hand...
Link Posted: 1/13/2021 8:23:20 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Dr-G:
Dumped a bit of money into ZOM yesterday and it was doing good. Today, well, at least my MVIS gains buffered my ZOM losses.
View Quote


I'm in the same boat, had FOMO on ZOM and now I'm a bag holder
Link Posted: 1/13/2021 9:59:07 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By snakes19:


I'm in the same boat, had FOMO on ZOM and now I'm a bag holder
View Quote



What are you in at?
Link Posted: 1/13/2021 11:35:49 PM EST
ENZC is still killin’ it!

Link Posted: 1/14/2021 2:07:23 AM EST
I've been hearing a lot about CTRM (Castor Maritime). Looks real promising!
Link Posted: 1/14/2021 5:30:18 AM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By skipper469:
I've been hearing a lot about CTRM (Castor Maritime). Looks real promising!
View Quote


Someone on r/pennystocks said to be very careful with it if you don't have day trading turned on, as they have a history of being pumped with some sort of hype only to tank.

They currently have one employee.
Link Posted: 1/14/2021 5:57:01 AM EST
PTE is starting to move.

TNXP has a conference today, so might be worth watching to see if it jumps for quick profit.
Link Posted: 1/14/2021 6:40:43 AM EST
Thoughts on DFLYF, is this something we should get into before it spikes?
Link Posted: 1/14/2021 7:15:06 AM EST
[Last Edit: 1/14/2021 7:50:08 AM EST by KaiK]
Nm I are confused.
Link Posted: 1/14/2021 7:15:43 AM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By KaiK:


Cough, cough, bullshit.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By KaiK:
Originally Posted By apexcrusade:



By Wallace Witkowski

'A long-buying tsunami ... is the primary factor for the price move,' short-selling expert from S3 says

GameStop Corp. (GME) shares soared Wednesday in an apparent short squeeze, but one analyst who specializes in information on short selling doesn't think that's the case.

GameStop shares surged more than 60% Wednesday -- which would be its largest one-day percentage gain ever, according to Dow Jones data --more than a week after short interest on the videogame retailer's stock exceeded the number of shares outstanding. At last check, more than 125 million shares had traded hands in the day's session, compared with a 52-week daily average volume of 6.5 million shares.

While GameStop has 69.8 million shares outstanding, short interest on the stock rose to 71.2 million shares on Dec. 31 from a previous 68.1 million shares, according to FactSet data.

On Monday, GameStop shares finished up 10% (https://www.marketwatch.com/story/gamestops-stock-shoots-up-after-reaching-agreement-with-activist-investor-2021-01-11) after it reached an agreement with activist investor RC Ventures to add three of its members to the board, and advanced less than 0.1% on Tuesday. Also, on Monday, the company said holiday same-store sales rose 4.8% and that digital sales had jumped 309%.

While noting that shorts definitely were a part of the buying binge, Ihor Dusaniwsky -- the head of predictive analytics at financial technology and analytics firm S3 Partners, which specializes in analyzing data on short selling -- said he doesn't agree that GameStop's price surge was the result of a squeeze.

"GME's board shake-up and stronger holiday sales is causing a long-buying tsunami, which is the primary factor for the price move," Dusaniwsky said in emailed comments. "While I agree that we are seeing some shorts squeezed out of their positions due to massive mark-to-market losses today, this is much like the chicken-and-egg question -- did long buying lead to short covering\squeeze or short covering\squeeze lead to long buying?"

Dusaniwsky believes it's the former.

"We will not be seeing a massive drop in shares shorted over the next few days, more like a 10%-20% drop which would mean 7 to 14 million of shares covered, which is nowhere near the almost 70 million shares traded this morning," the analyst said. "Long buyers are the primary force driving GME's stock price up. "

GameStop shares have skyrocketed more than 500% in the past 12 months, compared with a 16% gain in the S&P 500 index and a 42% rise in the Nasdaq Composite Index .

-Wallace Witkowski; 415-439-6400; AskNewswires@dowjones.com



(END) Dow Jones Newswires

January 13, 2021 14:48 ET (19:48 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.


Cough, cough, bullshit.



Short, eh?
Link Posted: 1/14/2021 7:51:30 AM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By apexcrusade:



Short, eh?
View Quote


Me, no.  Someone mentioned like 4 months ago how super short game stop was and they were going to get squeezed.
Link Posted: 1/14/2021 7:56:58 AM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Yojimbo:
Thoughts on DFLYF, is this something we should get into before it spikes?
View Quote



Not sure but they have an offering of 47 cents a share plus  option to buy more at 71 cents after nine months.... I'm a rookie and went against my better judgment but I pulled the trigger.  

Don't want to directly link since the policy isn't well known to me (hence doing it against my better judgment)  but search draganfly dealmaker if curious
Link Posted: 1/14/2021 8:00:38 AM EST
Anyone else looking into BSRC?  Looks like it may have some potential.
Link Posted: 1/14/2021 8:02:09 AM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Yojimbo:
Anyone else looking into BSRC?  Looks like it may have some potential.
View Quote

Can you TLDR why or put a link for me to read?
Link Posted: 1/14/2021 8:08:03 AM EST
Discussion ForumsJump to Quoted PostQuote History
View Quote


Tell me more!
Link Posted: 1/14/2021 8:09:22 AM EST
[Last Edit: 1/14/2021 8:09:49 AM EST by Yojimbo]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By CamelPatriot:

Can you TLDR why or put a link for me to read?
View Quote


I can't quite remember where I got the tip from but I had it added to my watch list and was looking more into it.  Folks on stocktwits seem to talk it up.  

https://stocktwits.com/symbol/BSRC

StockInvest.us give is it a pretty high buy rating.

https://stockinvest.us/stock/BSRC
Link Posted: 1/14/2021 8:09:34 AM EST
BNGO is gearing up. Also keep a eye on $EYES moving AH and premarket this am. PT $2.50
Link Posted: 1/14/2021 8:13:31 AM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By BeerMeNow:
BNGO is gearing up. Also keep a eye on $EYES moving AH and premarket this am. PT $2.50
View Quote

Too late to buy?
Link Posted: 1/14/2021 8:24:04 AM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By CamelPatriot:

Too late to buy?
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By CamelPatriot:
Originally Posted By BeerMeNow:
BNGO is gearing up. Also keep a eye on $EYES moving AH and premarket this am. PT $2.50

Too late to buy?

Bngo is a swing trade for me. I was in and out taking profits on the way up and bought back in when it dipped into the 4’s  if you’re looking for a quick 50%  today you might not get it but it will run up a bit. ETFs and institutional investors have been cashing out of their competitor. Speculation is they plan on scooping up some BNGO. Many of them are attending the symposium going on this week. I’ll probably sell half if it gets between 8-10 this week and hold the other half long. EYE’s is more of a gamble and looks like it could run a little today. As always do you own DD and buy on the morning dip if you decide to get it.
Link Posted: 1/14/2021 8:26:49 AM EST
I might grab some POWW today to see if it jumps again.

They will probably at least be stable over the next year with ammo orders running full tilt.
Link Posted: 1/14/2021 8:27:17 AM EST
Anyone think we will see more upward movement with GME today?
Link Posted: 1/14/2021 8:33:44 AM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Yojimbo:
Anyone think we will see more upward movement with GME today?
View Quote



Yes.  Premarket is volatile
Link Posted: 1/14/2021 8:34:51 AM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By 97tjgunner:



What are you in at?
View Quote


1.30 but not for a huge amount of shares thankfully
Link Posted: 1/14/2021 8:45:13 AM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By apexcrusade:



Yes.  Premarket is volatile
View Quote View All Quotes
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Discussion ForumsJump to Quoted PostQuote History
Originally Posted By apexcrusade:
Originally Posted By Yojimbo:
Anyone think we will see more upward movement with GME today?



Yes.  Premarket is volatile



@apexcrusade

How much would you expect GME to drop within the next week or do you believe it can level off and keep any gains it made this week?  

Do you think it would be a good idea to get into GME at it's current prices or do you think the potential for a large dip requiring a long recovery is too high.
Link Posted: 1/14/2021 9:07:10 AM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By snakes19:


1.30 but not for a huge amount of shares thankfully
View Quote

Hold it. Better yet, average down and wait a month for another spike.
Link Posted: 1/14/2021 9:09:54 AM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Yojimbo:
Anyone think we will see more upward movement with GME today?
View Quote


I sure hope.  I bought to cover the shares I was issued.  
Link Posted: 1/14/2021 9:10:10 AM EST
TNXP is hot today I hope. 276 shares at 98 cent average.
Link Posted: 1/14/2021 9:24:04 AM EST
[Last Edit: 1/14/2021 9:29:34 AM EST by apexcrusade]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Yojimbo:



@apexcrusade

Ho­w much would you expect GME to drop within the next week or do you believe it can level off and keep any gains it made this week?  

Do you think it would be a good idea to get into GME at it's current prices or do you think the potential for a large dip requiring a long recovery is too high.
View Quote View All Quotes
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Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Yojimbo:
Originally Posted By apexcrusade:
Originally Posted By Yojimbo:
Anyone think we will see more upward movement with GME today?



Yes.  Premarket is volatile



@apexcrusade

How much would you expect GME to drop within the next week or do you believe it can level off and keep any gains it made this week?  

Do you think it would be a good idea to get into GME at it's current prices or do you think the potential for a large dip requiring a long recovery is too high.


It's just a difficult question to answer as there are multiple dynamics at play.  My strategy is to hold a core position for the long term - I have some  at 5.98, 8.45, low teens, so setting on a nice gain now..  Bankruptcy risk has been neutralized for now, we have new players getting into GME who appear to want to make it a successful company, (Cohen from Chewy) possibly via a merger or buy out, etc.  So you have that.  Also I think the short on this is something like 140% of total shares!   I have been watching carefully for the mother of all short squeezes to come.  If/When that happens I would be inclined to take some profits,.  Therefore under that scenario you could get in at current prices and make out.

I've noticed the action pre market and almost was going to make a quick trade.  Seems the range is about $32 - $37, so in big at 32 and out at 37.  

So, I will hold the core position I have and maybe trade around that and take advantage of the volatility.  To answer your question I have no idea on short term price action  - it appears as if it might have found a new trading range meaning maybe support now at a higher price,  until something happens, news, etc, but would not be uncomfortable picking up more in the low 30's right now   If price goes down for a while, I am ok with it since I see long term value.  If price spikes I might sell those for a quick gain and keep the core position.    I guess my thesis from the start was to wait and wait for the short squeeze and then get out, things have change though to slighly modify that.  I will take profits but probably keep a position for the long term.

Right now it's trying to breach it's 52 wk high.
Link Posted: 1/14/2021 9:27:10 AM EST
In for more ZOM at .90
Link Posted: 1/14/2021 9:27:25 AM EST
[Last Edit: 1/14/2021 9:28:38 AM EST by sitdwnandhngon]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By CamelPatriot:
TNXP is hot today I hope. 276 shares at 98 cent average.
View Quote


They have a conference today (I think today), might be a longer term hold as they have a few products in the works for this year, a multi strain covid vaccine being one of them.

I might drop my PTE today for not much profit, I thought it would move more after their conference on Monday but it hasn't done much.
Link Posted: 1/14/2021 9:33:31 AM EST
Is ZOM dead?
Link Posted: 1/14/2021 9:37:57 AM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By sitdwnandhngon:
Is ZOM dead?
View Quote

Catalyst is in march, so no in my opinion. I expect 2-3 dollars.
Link Posted: 1/14/2021 9:40:16 AM EST
I had 700 shares if zom that I bought on a whim, then sold it to buy more mvis.

Bought and sold at less than $.25. That little $200 investment could have paid for a new pistol for me lol.

These stocks are a lot of fun. Would be more fun if I had better instincts
Link Posted: 1/14/2021 9:40:36 AM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By CamelPatriot:

Catalyst is in march, so no in my opinion. I expect 2-3 dollars.
View Quote

Robinhood restricted me from buying anything for 90 days. I can sell, but not buy. Guess I'll see how my ZOM does in March
Link Posted: 1/14/2021 9:41:31 AM EST
Added some POWW this morning.  Looking to hold this one for a bit and see where it goes.
Link Posted: 1/14/2021 9:42:00 AM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By sitdwnandhngon:
Is ZOM dead?
View Quote

In the short term yes. Product launches in March. This was hype because of Carol Baskin. Expect it to slowly bleed for a little bit. I’m holding off until after the inauguration to see if Comrade Biden does anything to negatively impact the market right away.
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