Gamesquare Holdings Inc (GAME)

[KingsKnight]

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