The level for the bulls to defend is the $35 area.
Who do you think probably better understands this business... one of the very best analysts on the entire street or the FTC?
There's no market energy right now but this can be a good environment for building some longer-term positions.
This is a perfect time to make sure you haven't strayed too far into the mainstream, which has been the wrong trade for well over a year.
I think GME is a potential candidate for a case study at Harvard.
I find this action most likely to be less than sustainable, without provoking an algorithmic counter. In other words, don't just be nimble, but tread softly.
How can a company's stock be hostage to its own shareholders to do the job that the company can't?
I think many folks - too many - are going to tell themselves what they need to hear on the offering to feel better about their position.
The action so far looks to be driven more by fear of being left out than euphoric chasing.
What GameStop did so far was really just enable itself to sell up to $1 billion worth of stock.