Post by
BalanceBeam17y8 on Nov 26, 2024 6:46am
GME: My Quick Flip Play in This Market
Alright, let me keep it real – $GME isn’t my retirement stock, but I’ve been flipping this thing short-term for a while now. It’s one of those names that’s never boring, right? The hype, the volatility, it’s like clockwork. The meme crowd is still holding strong, and when they get behind it, this stock can move like crazy. Yeah, it’s got this “digital transformation” story going on, but the company’s execution so far has been meh.The real money here? Trading the range and catching the moves. This thing can go from $20 to $30 like it’s nothing, and if you’re quick, you can bank on those short squeezes or day-trading the swings. Keep an eye on the short interest, that’s the key. If it starts to tick up again, the squeeze potential is there. I wouldn’t hold it for more than a couple weeks, though, because once the hype dies down, the stock can pull back hard. In this market, you don’t want to get caught bag-holding.Also, I’ve been watching $BOLT on the side – it’s one of those stocks I think could take off if the momentum builds. Some of the moves it’s been making recently are worth keeping an eye on, especially with the chatter around it. If it pops, it could make a nice alternative play if $GME starts to stall out.Anyone else playing the short-term game here or just looking for the next squeeze? Would love to hear your thoughts on this. GME might be a meme, but it’s also one hell of a trade if you know what you're doing.