GAMESTOP Coiling While Market Waits on Cohen’s Next Move
By:TradingView
I'm bullish GME now, with that I bought some $28 call contracts last Friday before market closed.
Why?
1. High-profile insider buying
2. Burry’s accumulation and long-term angle
3. Big acquisition narrative from Cohen (this is the moment of truth)***
***Market likes surprises. The first 2 catalyst were already known, so it's priced in.
Gamestop CEO, Ryan Cohen plan is ambitious and I believed in him. He wants to build GameStop to a $100 billion+ valuation because it’s tied to a massive stock-based incentive package for him.
Maybe GME is ready to become a totally different company after all.
Let's see if this will rip this February :)
Why?
1. High-profile insider buying
2. Burry’s accumulation and long-term angle
3. Big acquisition narrative from Cohen (this is the moment of truth)***
***Market likes surprises. The first 2 catalyst were already known, so it's priced in.
Gamestop CEO, Ryan Cohen plan is ambitious and I believed in him. He wants to build GameStop to a $100 billion+ valuation because it’s tied to a massive stock-based incentive package for him.
Maybe GME is ready to become a totally different company after all.
Let's see if this will rip this February :)
0
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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