E388 Up 4.4% and disappointed, GameStop is a weird feeling.
Summary
TLDRThe speaker expresses excitement for the weekend and shares the arrival of a new Eevee from Gamestop, adding to their collection. They discuss recent stock movements, noting GameStop's modest rise and the significant increase in XRT shares. They highlight the correlation between XRT's performance and other stocks' downturns, suggesting potential market movements. The video also touches on GameStop Pro's sale, the company's pivot to collectibles, and ends with a caution against diversifying into other stocks, emphasizing the importance of focusing on GameStop.
Takeaways
- 🎉 The speaker is excited about the upcoming weekend and the arrival of a new Eevee from Gamestop, adding to their collection of Pokémon merchandise.
- 📦 They express gratitude to an anonymous person for sending the Eevee and are currently experiencing sound issues with their recording setup.
- 📈 Despite a modest stock increase of 4.5%, there is a sense of anticipation as the speaker notes that the volume of GameStop and XRT shares is low but prices are moving up.
- 📊 XRT has seen a significant increase in shares, jumping from 3.8 million to 6.4 million in a short time, which is one of the lowest points of the year and is considered a positive sign.
- 🔄 The speaker discusses an oscillation pattern where XRT moves up while other stocks move down, which has historically been a precursor to significant events.
- 📊 They highlight the importance of the blue line (XRT) crossing under the purple line on a chart as a key indicator of potential stock movements.
- 📉 The speaker notes a lack of short signals and a drop in shares available to borrow, suggesting that the stock might be suppressed, possibly through ETFs and swaps.
- 🧲 Max pain for options is at $22, which the speaker considers a 'magnet' level for the stock price.
- 📊 The speaker is intrigued by the correlation between the Japanese market, City Group, and GameStop, and how swaps might be used to bundle and unbundle stocks quickly.
- 💡 They mention GameStop Pro being on sale and the company's collaboration with Mod Retro, hinting at a pivot towards collectible cards and games.
- 🚀 The speaker is curious about the potential impact of the Nura situation on GameStop, likening it to the Credit Suisse situation and speculating about volatility plays.
Q & A
What is the speaker excited about for the upcoming weekend?
-The speaker is excited about the upcoming weekend because it has been a long time since the last one and they are looking forward to it.
What did the speaker receive in the mail from Gamestop?
-The speaker received another Eevee figure, specifically a Lieutenant Surge's Eevee, to add to their collection of Pokémon and Pikachu figures from the year 2000 and earlier.
What is the significance of the increase in GameStop's stock price by 4.5%?
-The increase in GameStop's stock price by 4.5% is significant because it indicates a positive movement in the stock's value, although the speaker mentions it was not a big cycle and they are curious to see what will happen next.
What does the speaker find exciting about the XRT shares?
-The speaker finds it exciting that XRT shares have seen a huge creation of 800,000 shares in the last two days, moving from a very low spot and climbing up to 6.4 million, which is the highest it has been in recent times.
What is the 'Dorito of Doom' mentioned in the script?
-The 'Dorito of Doom' is a term used by the speaker to refer to a chart pattern that resembles a Dorito chip, which they believe indicates a significant trend or event in the stock market.
What is the speaker's opinion on the correlation between the Japanese market and City Group?
-The speaker finds the strong correlation between the Japanese market and City Group intriguing and questions why there is such a strong connection, suggesting that swaps might be used to bundle and unbundle stocks quickly.
Why does the speaker believe GameStop might be following Nvidia?
-The speaker suggests that GameStop might be following Nvidia due to the use of swaps and other mechanisms in the background that can tether stocks together and then untether them as part of market manipulation.
What is the significance of the short percent and long percent in the script?
-The short percent and long percent are indicators of market sentiment. The speaker notes that while the short percent has been falling, they are more interested in the rising long percent, which could indicate growing bullish sentiment among investors.
What is the speaker's view on the community's focus on other stocks besides GameStop?
-The speaker believes that the community should remain GameStop-focused and avoid chasing other stocks, as they consider GameStop to be a unique case with a legitimate CEO and no risk of bankruptcy.
What is the speaker's advice regarding the use of GameStop Pro and Mod Retro?
-The speaker advises that it's a great time to sign up for GameStop Pro and expresses excitement about the company's collaboration with Mod Retro, suggesting a pivot into collectible cards and games.
What is the speaker's curiosity about the situation with VB and its potential impact on GameStop?
-The speaker is curious about the anomalous fail-to-deliver activity with Vanguard's small-cap fund (VB) and its potential impact on GameStop, speculating that it might lead to an event similar to what happened with Chewy and Costco.
Outlines
🎮 New Eevee Collection and GameStop Stock Update
The speaker starts with a cheerful tone, mentioning the arrival of a new Eevee from Gamestop, adding to their collection of Pokémon merchandise. They express gratitude to an anonymous sender and discuss technical difficulties with sound during video production. The summary then shifts to stock market topics, highlighting a modest increase in GameStop's stock and the anticipation of further developments. The speaker also notes the low volume but significant share creation in xrt, suggesting a potential market trend. They mention the oscillation between xrt and other stocks, hinting at a pattern that has historically indicated significant market movements. The paragraph concludes with a brief mention of other stock-related observations and a note on Max pain at 22, suggesting a focus on options trading.
📈 Market Analysis and GameStop's Correlation with Other Stocks
This paragraph delves deeper into the stock market analysis, discussing the correlation between GameStop and other entities like Nvidia and Chewy. The speaker finds it intriguing how these stocks can be 'tethered' and 'untethered' through financial instruments like swaps. They also mention GameStop Pro being on sale and express excitement about the company's potential pivot towards collectible cards and games. The speaker speculates on the importance of physical media over digital and the potential long-term value it could bring. They also touch on the topic of Vanguard's small-cap funds and their unusual fail-to-deliver activity, drawing parallels to past events and suggesting potential market impacts. The paragraph ends with a discussion on the IV (Implied Volatility) and its implications for the stock's future movements.
🚀 GameStop's Market Dynamics and Community Insights
The final paragraph focuses on the dynamics of GameStop's market performance, the community's reaction to various stocks, and the potential influence of external factors like the European and Japanese banks' situation. The speaker shares their thoughts on the community's tendency to diversify into other stocks and the importance of staying focused on GameStop. They also discuss the role of moderators in maintaining the channel's focus and the challenges of managing content relevance. The speaker disagrees with a theory on the 'Rex 068 code' and suggests that the community's diversification into various stocks post the 'sneeze' event was not an immediate reaction but a long-standing trend. The paragraph concludes with a personal note on the speaker's approach to discussing other stocks outside of the GameStop-focused community.
Mindmap
Keywords
💡Eevee
💡GameStop
💡Volume
💡xrt
💡Redemption cycle
💡Short selling
💡ETFs
💡Max pain
💡Short percent
💡Long percent
💡Vanguard
💡Fail to deliver
💡IV
💡nura
💡Puts
💡Category 42
💡Rex 068 code
Highlights
Excitement for the upcoming weekend after a long time.
Receiving a new Eevee from Gamestop, adding to the collection of Pokémon merchandise.
Thanking the person who sent the Eevee, expressing appreciation for the gesture.
Sound issues experienced during video recording, leading to a shorter video.
Stock update on GameStop, noting a 4.5% increase but expressing disappointment due to it not being a significant cycle.
Discussion on GameStop's volume and price movement, with a focus on XRT and X2.
Mention of a significant increase in XRT shares, from 3.8 million to 6.4 million.
Observation of an oscillation pattern between XRT and other stocks, suggesting potential market movements.
Analysis of the correlation between XRT's upward movement and other stocks' downward trend.
Review of R show and Roaring Kitty's charts, noting similarities to past market patterns.
Discussion on the availability of shares to borrow and the implications for short signals.
Max pain point at $22 for options, suggesting a potential market attractor.
Increase in short percent and the corresponding rise in long percent, indicating a change in market sentiment.
Return of ba Trader and the 'Dorito of Doom' chart, signaling potential future price movements.
Curiosity about the correlation between the Japanese market, City group, and its impact on GameStop.
Hypothesis on the use of swaps to bundle and unbundle stocks quickly, affecting market movements.
GameStop Pro sale and collaboration with Mod Retro, indicating a pivot in the company's strategy.
Discussion on the importance of physical media over digital media in terms of long-term value.
VB ETF's anomalous fail to deliver activity, suggesting potential market manipulation.
Increase in implied volatility (IV) and its potential impact on market strategies.
Analysis of the Nura situation and its parallels to the Credit Swiss scenario, affecting GameStop.
Discussion on the community's focus on GameStop and the importance of staying on topic.
End of the video with a mention of another video that had technical issues.
Transcripts
good morning everybody it's Friday I'm
excited because it's been a long time
since the weekend and I'm looking
forward to it I wanted to share really
quick we got another Eevee in the mail
from Gamestop so we got a lieutenant
serges
Eevee uh so we're continuing our
collection of 2000 and earlier Eevees
and Pikachus and I just want to say
thank you again so much to the person
that sent that one in that was so cool
um and just way too nice honestly so I
was making the video this morning and
then my sound broke so I went to check
that everything was good and there was
no sound so I'm going to make this video
short unfortunately few things to note
really quick here I'm just going to go
through a couple topics cuz I want to
make sure I get this one out there in
time but you know nothing happened
yesterday we went up 4 a half% and yet
disappointment right cuz that was not a
big cycle so what happened I don't know
we'll wait and see I'm continuing to be
excited though because GameStop volume
while low price is moving up xr2 xrt
volume also low we saw huge creation
again on xrt another 800,000 shares so
just in the last two days went from a
very low spot on overall units of xrt
3.8 million we've now climbed up to 6.4
very quickly the highest it's been in
the recent past was just about 10
million shares of xrt but this is one of
the lowest it's been all year so very
exciting to see xrt move that strongly
and then correspondingly out of nowhere
we're seeing the trend on the other ones
to fall into a Redemption cycle so we
are seeing this oscillation very
suddenly start to appear and I think
when this happens when xrt moves up
strongly and the other ones move down
strongly and they cross in this fashion
things have typically happened so you're
looking for the blue line to cross Down
Under the purple line that happened back
here right before mid July that happened
back here right before June 6th and
happened back here here as May 13th and
14th was happening also happened right
back here um before or at the end of
April so that's good signaling to me
only other things I really want to
mention in this video are no one really
interesting on R show nothing really to
note on Roaring Kitty's charts except
for the fact that we had that gap down
looked very similar to early July first
day of July right here around the very
beginning of August and now it seems to
be moving out we'll see and then then
lots of shares available to borrow so
something I thought of as I was making
the video and hopefully this one does
work is everything that's happened since
the events here of May and June has now
turned into an event where all our short
signals are Vanishing we see cost to
borrow very very low basically zero
shares available to borrow huge um
utilization down to 30% or lower um SI
everything's dropped off right but that
exact same thing happened after the the
sneeze so but the stock was still being
very much suppressed in February after
the sneeze so this feels very similar to
that to me so how are they suppressing
it probably ETFs and swaps like they did
back then but we'll see Max pains at 22
so I'm trying to remind myself of that
that's where basically like our magnet
right is right now is for options
somewhere right in there and we're
pretty close to that and then other
things to mention would be just going to
hop through a couple posts over here
which is I'm excited about this one um
short percent had been climbing and
climbing and climbing the trend had been
very steady with only like volumetric
and big events G giving them some
breathing room and they would get short
percent down now it's like completely
inverted when we look at Short
percent now rather than looking at Short
percent which keeps falling I'm more
interested in how the long percent keeps
Rising so I would encourage this person
like keep doing what you're doing
amazing job but maybe start talking
about how the long percent is going up
so interesting Trend other things to
mention I love that ba Trader is back
great job with a new Dorito of Doom love
it so when we broke above the previous
Dorito we saw all this happen took
forever this one's got a much stronger
sloping downward uh line here when we
hit our $80 Peak here in May 67 here in
June and then 30 here in July so what's
going to come next excited to see and
then I just love this correspondent
that's going on here between um you know
it makes sense that the Japanese market
and um nura would be correlated but why
City group right and why so strongly and
I just had to say this reminded me of a
comment I saw yesterday which was that
these swaps can be used to bundle
baskets very quickly together and then
unbundle them so as a really good
example I was talking with someone
yesterday about swaps and I really
appreciate their time but they were
showing me that GameStop and shuy
starting at the end of 2023 and
beginning of 20124 right back in here
we're moving so strongly together it was
really really interesting and it wasn't
until GameStop earnings when it blipped
up really strongly actually I did not
notice that back there um earnings on um
March GameStop started to move strongly
but then all of a sudden the two rather
than being tethered together diver
strongly so chewy keeps moving up
GameStop gets slammed down into this low
here in April leading into May so I
thought that that was very very like
interesting because right now you're
seeing GameStop for whatever reason
following Nvidia very strongly and I
think that they can basically tether
these things together through swaps and
whatever they're doing in the background
um and then untether them too so they're
I don't know how that works why they do
things like this why GameStop follow
follows the S&P 500 or the Spy when it's
not in the spy uh as just Curiosities to
me wanted to mention a few other things
really quick here which is uh GameStop
Pro is on sale so great time to sign up
for GameStop Pro love the membership
it's super great and I love that they're
collaborating with Mod retro very
excited to see where the company pivots
into with collectible cards of all types
and collectible games I want I want to
see uh the market embrace the fact that
like physical media is more important
than digital media like you're creating
something that could potentially not
guaranteed but could have value long
term on a secondary market and
capitalize on that you know take
advantage of that give people something
that endures rather than just trying to
strip a little bit more value um in the
immediate future right another curiosity
to me love how maybe stuff we talk about
on this channel um gets people
interested in stuff going on here so let
me explain this really quick VB which I
had not previously looked at is
vanguard's one of their small cap funds
it had anomalous fail to deliver
activity hugely so along with black
Rock's small cap ETF back here on June
28th and July 1st which is right around
the chewy events so this would look a
lot like what happened with cost in
theory around May 13th and 14th so cost
then went on R show exactly $3 trading
days later so can we expect some kind of
interesting event to happen related to
VB like the creation of a large number
of units because maybe they've stripped
out very unusual number of uh fails for
VB but I need to go back and pull all
the data but it seems like this is what
they do in a time of emergency you go
and see an explosion of fails on one
particular or
um yeah they be fails on one particular
ETF so in this case it's VB I'm curious
because I think they did the exact same
thing during the sneeze so if you go all
the way back to the sneeze what was the
one that they were using on specifically
February 3rd let me find that date here
so here's February 3rd after the sneeze
because they managed to get GameStop h r
show somehow but you don't see the fails
happen they clearly used xrt like crazy
just days prior this was to get it off
its top but then they got it off R show
in the next couple of days and it's none
of these ones so which one was it that
they used so if anyone can look through
and find an ETF that has ridiculous
fails on GameStop it probably contains
cost as well because cost 35 days later
goes on R show so I think that's the
signal we're looking for finding one
back here but anyway just a curiosity to
me uh only other thing to mention here
is we've got IV starting to just barely
starting to creep up that's
exciting uh you know this nura situation
I think is very interesting to us
because it's very much like the um
credit Swiss situation so you've got a
European Bank you've got a Japanese Bank
we've got this carry trade a lot of
correspondence with GameStop just going
to continue to follow it and you know is
it fully Unwound yet probably not what
impact is that going to have on GameStop
I think that's our curiosity right now
and what's going on with these puts so
why would they suddenly drop all these
puts um they picked up they were they
were well buy them back I suppose they
were selling puts that were deeply in
the money getting a lot of money in cash
and then now it looks like that trade's
been completely reversed what is going
on here is this a volatility play I
don't know a lot about volatility
shorting but someone posted that in the
comments so it may be something that
people want to start researching because
not only could GameStop be shorted by
traditional
shorts uh during periods like we just
saw where it hits a high in price and
then people want to short the price but
we hit a high on volume and volatility
and then now we're coming out of that or
we've been coming out of that and have
people been betting against volatility
and if so when they end that bet what
would it look like and what would the
BET even look like would it involve
something like this with with deep in
the money puts or deep out of the money
calls I don't know how you bet on
volatility specifically and then the
last thing I want to mention here I
really like some of the content that
otherwise category 42's been putting out
specifically I really like their theory
on the Rex 068 code I've done a lot of
like kind of mapping onto the chart with
that idea and it's led me down a rabbit
hole then I'll go into at another date
but um I got to kind of disagree with
her take here I think think that the
community experienced right away after
the sneeze a lot of pushing into things
like silver weed stocks
AMC lots of different things and yeah
they might have all been related to
GameStop but this has been happening for
years and years and years and you're
seeing people trying to get people into
chewy trying to get people into cost and
it's like guys like there's one
idiosyncratic stock here where you know
that the CEO and the leers are totally
legit it's debt free and zero risk of
bankruptcy you go chasing off all these
other ones in the short term and I know
it's hard because people have attention
issues and I certainly do too uh but
very very risky so I would say the
efforts of the mods to keep the content
GameStop focused that's a hard thing to
do to decide is this GameStop focused is
it not um you know but certainly if
people are talking about other stocks
there's other places to talk about that
stuff and that's why why I decided early
on when I started digging in myself I'll
just make a YouTube video or you could
discuss it on Twitter or somewhere but
if super ston rules are no other stocks
I think that's a good rule there um so
anyway just going to leave that here you
guys sorry about this I had another
video in the the volume broke so uh have
a good one and I'll see you in the next
one have a wonderful weekend
Weitere ähnliche Videos ansehen
Top Swing Trade Strategy with Exact Entry and Exits
GAMESTOP SOARS After Roaring Kitty RETURNS
AMC GAMESTOP EMERGENCY ALERT CHEWY $500M BUYBACK!!!!!!!!! IM DOING THIS WITH MY POSITIONS!!!!
9.12.24 Markets Rally On Queue, Targets & More
Stocks for the week: September 4th Week | 2024 | Vijay Thakkar
Nifty Prediction and Bank Nifty Analysis for Thursday | 19 September 24 | Bank NIFTY Tomorrow
5.0 / 5 (0 votes)