Post by
TrendCaster8w8w on Nov 26, 2024 6:21am
Is $GME Really a Sleeping Giant or Just a Meme Stock
Honestly, I’ve been in and out of $GME a few times this year, and it’s hard to ignore the rollercoaster. Look, I’m not gonna sit here and pretend like it’s the next Amazon, but there’s definitely a play here. The retail crowd is still holding strong, and yeah, there’s always that short squeeze potential lurking. But don’t get it twisted, the fundamentals are still shaky as hell. You’ve got Ryan Cohen pushing the digital pivot, which I’ll admit is interesting, but this company is still bleeding cash, and the shift to e-commerce hasn’t exactly lit a fire under the stock.That said, I’m not blind to the volatility here – $GME is still a meme stock at the end of the day. Whenever the Reddit crowd gets a little hype, the stock can go parabolic, and if it squeezes again, well, you know the drill – it could be game over for shorts. It’s just a matter of timing. If you’re in this for the long haul, good luck, but you better have the stomach for it. I’m mostly trading the volatility right now – ride the waves and cash out when it gets ridiculous. It’s definitely a "watch the charts, don’t get married to the stock" situation. But hey, the digital transformation, the NFT marketplace, and Cohen’s vision? Yeah, they could work... but I’m not betting my mortgage on it yet.Also, while I’m keeping an eye on $GME, I’m starting to look at $BOLT too. Some buzz going around that it might be ready to take off. Haven’t pulled the trigger yet, but the chart’s looking like it could pop soon if the right catalyst hits. Anyone else looking at $BOLT or hearing similar chatter? Could be worth a shot.So, anyone else still holding long or just popping in for the memes? You never know with $GME, it could surprise us again, but don’t get too attached to the idea of it being some kind of turnaround story just yet.