E388 Up 4.4% and disappointed, GameStop is a weird feeling.

Summary

The 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.