Replies to post #454 on Gamesquare Holdings Inc (GAME)

[KingsKnight]

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.