I’ve pulled everything (except my 50 gamestop shares lol) out and am only investing in small swing trades for a bit in case things do explode (I think it’s unlikely to shock drop but I would expect interest rate rises over this year to slowly taper) and because I can’t afford to lose the money due to house deposit.
I would take a cheeky punt on TTWO as I think the 15% shock drop from the Zynga acquisition is a massive over reaction from the market and it’ll correct itself a bit.
TSLA is almost certainly going to go up before the January earnings report on the 27th which is supposed to be a blow out year after the delivery figures broke all expectations. Maybe not to all time highs though.
There’s rumours that all the year long options scammery that HFs deployed last January to get the GME price back down expire this January around the 28th so expect to see a price jump as they expire and need resetting. Although they appear to have figured out that if they do it in post market hours, it stops Joe public jumping in. (See just last week where it went up $40 in after-hours and then got shorted right back down in the morning when the market opened) so it’s a gamble. My thinking is that GME is done tbh. Whatever Ryan announces isn’t going to drag it back up and it seems the short HFs have been allowed a pass by the SEC. That said, Citadel did just need to take on a 1 billion investment from Sequoia capital to bail them out so maybe they are burning money. Maybe, eventually, it’ll fall over. But that’s a huge maybe.
Need to start looking for a few more trades tbh. Idle hands are the devils play thing. lol 🙂
