Shared by
beno
Fundamentals
-Float = 50M
Catalysts / News / Painting the picture
-Sep 16 2020: Many analyst upgrades this week due to good earnings last week
-Sep 22 2020: RC Ventures disclose 9.98% stake
-Oct 08 2020: Partnership with Microsoft
-Nov 25 2020: Holiday season coming up, reporting earnings Dec 08
-Jan 19 2020: Citron short report & $20 PT
-Jan 21 2020: Citron says on YT Live that GME is a short queeze
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Consolidation
-Other notes: Made huge move from 20, macro shorts trapped
Strategy / Confluence / Sizing Guide / Risk
Strategy: First Test short of 41
Confluence: Whole $
Strike Zone: 40.75 - 41
Sizing (lots + emergency): 250
Risk (stop / Rs): Hold above 41
Review / Lessons Learned
Seemed like bids were gravitating towards the 41 level so I covered my short for a small profit, Citron also just said that GME was a short squeeze (scaring shorts), +0.5R
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-01-21 14:58:37 | GME | sell | $40.890 | short |
| 2021-01-21 14:58:37 | GME | sell | $40.890 | short |
| 2021-01-21 14:58:37 | GME | sell | $40.890 | short |
| 2021-01-21 14:58:37 | GME | sell | $40.890 | short |
| 2021-01-21 14:58:37 | GME | sell | $40.890 | short |
| 2021-01-21 14:58:37 | GME | sell | $40.890 | short |
| 2021-01-21 14:58:37 | GME | sell | $40.890 | short |
| 2021-01-21 14:58:37 | GME | sell | $40.890 | short |
| 2021-01-21 15:00:08 | GME | buy | $40.730 | short |
| 2021-01-21 15:00:08 | GME | buy | $40.736 | short |
| 2021-01-21 15:00:08 | GME | buy | $40.740 | 0 |
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