
GME had a pretty bullish day yesterday, and is continuing to show strength today. There is a lot of hype over the next few weeks with several key narratives to consider. The first is that if RoaringKitty exercises his GME options then he would force a short squeeze since there aren’t enough GME shares available in the open market. The second is the June 11 earnings date, in which GME could announce some bullish guidance after raising nearly $1 billion recently. The third is that RoaringKitty hasn’t shown done a live stream yet. If he makes a video there could be a massive spike in GME’s price. Both of the recent spikes were caused by RoaringKitty’s tweets, and both resulted in a pump and dump. So there could be a third pump and dump with a video appearance. These are the three bullish narratives driving the GME short squeeze and meme stock rally. We still need to consider that institutions will play dirty by halting trading, threatening to remove RoaringKitty, and the SEC investigating his options activity.
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