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Bear Trap...
So here's the thing on the action that happened that Wednesday when they released the filing vs DKNG news- social platforms picked it up & it became a hot ticker. With no DD, many retail traders in frenzy & with online pump touting it, got the stock rocking and pushed it up 25% to over $14 with about 1M volume flowthrough. Most had about 2 hours in this frenzy zone to act. Quickly, the erosion began and a classic trap was laid where some smart IBs [get to that later] dumped to retail at inflated prices. The ticker has not breathed air since.
The IBs are investment banks, with GAME share structure the way it is where all the shares are freely available, it's clear that the banks/hedgies are the ones holding most of the available shares. This was not retail with capacity for have those kind of share holds. So they likely are in control & retail will be at the mercy of their moves for the duration. That after hours frenzy created a great bear trap, many bag holders on the retail side with entries at $11-14(all the way to $7 are bags) This stock has not been kind to retail holders for years. There were multiple trading halts in Canada for months, 3 reverse splits, a year long NAS review to uplist, and the crash on launch. But for a couple of hours yeah, the exit door opened. There are many that at the advice of IBs in Canada went large last year on this ticker, it was well touted in circles & a rosy bloom was apparently ahead. They dangled the carrot & many horses nibbled. Those folks are now wondering when they'll ever see their money back in the green. The next 2 weeks will be critical for this ticker!!
ThebondoKid Saturday, 07/24/21 09:38:08 AM
KingsKnight, Very refreshing. You know the game for sure. I agree patents take a very very long time. And I agree with your move. Im just a bit surprised you didnt sell on the DKNG suit? Being you know it was going to be years and the stock acted like crap. By the way what is the abbreviation IB? Thx
That's correct Sir!
Correct, no more mod here, so I left the iBox as it was, no more updating there.
Will leave that to another passer by. Trade was flat, higher returns available elsewhere.
Actually, I know quite a bit about the assets. I also am quite aware of what happens to patent trolls on public markets. While they may have value, IBs love to tank them to the ground & pick them up extremely cheap. They of course have the capacity to wait 5-10 years for an asset holding to pay off. Look at the NLST/CROC/etc patents suits,they are well into 10/15 years. It's only now NLST is getting it's reckoning, 10 years into the process. Go back & look at the TiVo case, how long that took. Thing is TiVo had a truly viable market share & business. Engine, really has to show themselves as being able to be a rev grower, but with 14M O/S, this may lose $1-3/sh on earnings. Plus the cost of revs are quite high. Look, the market wants this lower. The IBs/funds wants this lower. It matters not what you or I want/ed here.
As for StreamHatchet, data powerhouse for sure. but that really doesn't matter at the moment does it??This is now under $100M cap. This will take it's sweet time to give holders $10 again. The bullets have been shot. KingsDuel! BagHolders Unite till hands turn dust to diamonds !!glta.
ThebondoKid Friday, 07/23/21 05:23:38 PM
Nice trade KingsKnight. So no more moderating here?
So I guess there wont be anymore postings! lol
No one left.
I always thought you knew a good amount about Engine media.
Guess you really don't know much about Engines true asset value.
Do you know the value of Stream hatchet? Probably more then the entire co currently trades at. Good luck.
End GAME...
Well I had to go back & peep my first post on this board. Glad to say this Game has reached it's end & I'm done here.
Folded up shop & I will be on my way.
This went down exactly as I had posted & once again a new low was established...What a hoot that a year or so ago this was still at sub $7, and here it is again. I wish you fellas the best. Traders are chasing GAME now for the bleeding knife,,I wish them the best with that. 1st week of August will dictate a lot about the future of GAME. Those earnings best not spell PATENT TROLL else this stock will be branded as just that.
KingsKnight Wednesday, 08/12/20 01:40:35 AM
.45 to $6.75 in a day or so.
The 1:15 reverse split here might come with some initial pain.
Hopefully they can get the uplist to NAS done by EOY.
At the end, the O/S [7.6M) & Float will be quite small & hopefully allow this to move upwards. Would probably expect the initial action to be a sell off down to the $5 level, as R/S usually are just erratic at the onset. Stock just has had no sort of positive action since prior to the halt on the Canadian exchange for a month. May look like a baghodl for a bit. Expect them to issue/print shares for $$ in the interim. We shall see.
Hmmm, Maybe I missed something..
Seems there are many saying like you that the bottom is in.
I beg to differ, that's all. One red day away from being back sub $7, no buy support & shrinking daily volume with daily PRs.
They went at the KING in a DUEL & caught the end of the knife!
ThebondoKid Thursday, 07/22/21 08:12:43 PM
Re: KingsKnight post# 473
Your Chart looks like a bottom to me based on stochastics.
Last Q revenues grew quite nicely. You are too bearish
A PR a Day, Can't Keep The Red Away!
GAMEturd looking like the volume is getting flushed down the hole. A PR daily not doing a thing. New bags being made daily!
Blown Game..
It seems most are playing GAME now for the "it can't get any worst" pick.
They see the chart & think it has to get better. What I see is GAME shooting their shot and missing. The FanDuel filing, moved nothing. The volume is tapering & they are going into a buzzsaw with that earnings. Market saying this is a sub $8 stock, and nothing on the horizon that's got pop potential. This is a TROLL and nothing more. If those earnings are really atrocious, look out below. 52 week low is $5.18. Alot of traders have lost a lot of money here, and many bagholding!! not a good vibe. Many Canadians hurting on it too
HoJ,
yeah EGOC has rocked out. Passed you it on the 14th, sub penny.
Jho, Back On Board the SS Rogers!!
Wow, figured the graveyard lost a body when you folded shop! But you have resurrected like a zombie in the game..some may say, a spawn or a respawn.
I do wish you the best on that position. I didn't like what I saw out of the trading today. It was a nice run from the 7 low to $7.80, but there was zero buy side pressure to keep it going & it gave back all of it to close red again. There's going to be 10 to 13 or so trading days prior to the earnings release. GAME will show it's colors over them. If we see more down days, or sideways days, and volume starts to drop, there could be a wreckoning! There's nothing but negative pressure on it at the moment, until that momentum lifts, it's not going to look good. You have to figure there's quite a bit of bag holding here. I wonder if we lost Ten Ten, Over & Out???
jholden Friday, 07/16/21 07:43:41 PM
Now Ya tell me LOL.. I grabbed 5k shares at $7.16 like a dumb fuck just to have something. I bought at the end of day anticipating that the make or break would be dropping below 7 today.. then the AH went from 7.19 to 7.04 in 200 shares all the sudden. What a joke. This stock will be the end of me
Well Now, 1 Month In. Heartaches & Pains
No Gains currently. Had to pull up a weekly, to visualize how this has gone. It's not pretty. 1 Month into its NAS debut, it would appear GAME is not ready for the big leagues. Felt today was a critical point, if it could establish some upward movement off the lows yesterday. Instead, it did a new low today at $7. Hasn't been this low since week of Dec 21 2020 when it was as low as $6.80. The "rally" off the $7 low was not convincing, and this remains a falling knife. Careful if you catch it, remember 1st week of August is going to be a major catalyst!! I suspect next week it will breach the lower BB Band & test some lows in the 6s!
"We Got GameD, We Got GameD"
This one's looking like she a bottomless B!
When the social medias get wind of the Lockton suit, essentially a bit of jacking of his proprietary IP through WinView it will be interesting. The SJWs don't take too kindly to theft of built work, then on top of that they're claiming infringement on it to gain $$. You might get a shot at this at much cheaper prices. This certainly has been entertaining. Glad my bag ain't too heavy. Sure others are now true long investors! $7.30 Lows printing!
jholden Thursday, 07/15/21 09:51:18 AM
Thanks man, I’m not going anywhere. I still have faith in the game and will get back in if this keeps going down. My gut tells me the big lawyers for game would not be around if they felt the lockton issue was overwhelming. Not to mention I’m curious what 1010 comes back with on the c-suites scoop. Yeah, if I could find stocks that would give me a buffer of 50% fall in quick manner I’d have it made. I got my ass kicked here so I have a feeling I will have to lick my wounds for a bit before I set anything in motion. I’m looking at SRGA right now but, as stated, a bit timid:)
Been A Hectic Month...
For all the long awaited anticipation GAME had for about 1 year to get this NAS debut, it certainly hasn't been a kind month. The immediate look at a 3 month chart kind of is screaming it has to stop bleeding. But the wise market adage of don't try to catch falling knives might be more indicative of what's happened here. The next two days will close out 1 month from the listing debut, and likely provide some indicator as to if it has bottomed. Some slight alarming things, it's fallen below the 200 day moving average at $8.70. These are not small volume selloffs, this has managed to pace at above 1M volume daily, and it keeps sliding. Obviously no buy support to inch it up! I kind of think they anticipated that going at the king would go better, but dkng has a lot of market goodwill having been one of the first SPAC plays to enrich early holders, they're a loyal flock over on dkng & they've had detractors show up. GAME, is a fly on the hippos ass at this point. Every $1 this sheds is ~15M off the market cap. Currently it's at $118M Cap! With earning approaching in 2 weeks, it could see it shave off about $45M in cap and test the $5 zone if the earnings are horrible. Let's see how it deals with $8 as a possible floor..I do think it hit a 5 month low today.
Jho, as for other picks. it's a hunt for sure. Trying to find good undervalued plays that have run capacity. Sometimes the wait is long, but the key is to be in early & to have a focus on share structures & market caps. You want a stock to be able to shave off 50%, and your position still be up 100%+. Hunt for 10x and 1x become underperformers LOL, good luck with whatever ship you jump on next..
jholden Wednesday, 07/14/21 07:09:29 PM
Well your APLD did alright. How do you find stocks, like EGOC, that you think will move?
Yes, not so much GAME when you are suing everyone you can think of and everyone of past is suing you. What a mess. Though I sold today at 7.75 so that will be a sure bottom for now as the chart shows. I have always said if you want to make money just do the opposite that I do.
Damn Jho..
I thought the ship was going to make it through the rough waters intact. Now you tell me the ship is only at 40%? Aye Matey!! Rough Tides man, feel for you. But this just never had sustainable legs...such is the troll life, their legs are usually weak.
jholden Tuesday, 07/13/21 04:27:53 PM
Trimmed down to 40%.. have yet to crunch the numbers but definitely not the story I had hoped for. Still can’t figure out with what I assume to be some what good news this has been headed down so aggressively well below pre news. What do you know of course it’s headed even deeper after hour. Takes me back to the unsettled litigation with the original patent owner. Well, after another good ass kicking tomorrow I’m sure it will be on to the next one.. The good news for you two is that if I get out the only sure thing is that it will go up right after
We Got LAME...
With all the Volume, this is clearly the IBs stroking one another.
This supposed float has already churned through. This is officially a $.hit stock. It has it all, bag holders, shorters, bashers, and a ton of red. Who's winning with GAME right now? Forget all those warrants about closes over $30/$15, this is back to $7.50 warrant zone soon, but maybe that's the plan for the big boys!
Ship Shape JHo..
Had to laugh, first thing that came to my mind after your lovely sea tale was this:
Congrats on officially becoming an investor! Somehow we all started here for a trade & the tail & trail winds have slammed the SS Rogers over a few rocks and the ship is taking on water. Have to agree with Hen Ten Ten, I see zero positive catalysts to move the ticker on the horizon higher, actually think the earnings in first week of August will sink this to 7s. This is not a gambling stock, it's a gaming one. Lots of people are giving it comparisons to gambling..it's not.
jholden Monday, 07/12/21 04:13:38 PM
Thanks man, I have faith in the course that is set and though things might get rough and the map dim at times it’s those that take the risks of the voyage that find the promise lands. There is no doubt that there is rough waters ahead but there is also no doubt my vessel will arrive at the harvest land intact and ready for the next course to set sail
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