High Risk, but can $GME hit $500+

1 Feb 2021

Gamestop was one of those chances that I missed just like SPI. There was no way to tell what happened on Reddit was going to happen. However, given the continued sentiment (even w/ red futures), it may be possible to pickup even higher support levels and continue the trend up to $500. If one wants to do risk mitigation if the price falls, going covered to make money either way and trying to allocate on timing is the best risk management + profit strategy. That said, GME is currently a high risk trade. I do think though it is interesting to see the little guys winning, and I am a big fan of free trade. Let the traders, trade! That said, please keep in mind everything I say is on an opinion based basis. Invest at your own risk and do your own due diligence.

3 Feb 2021

Nota

This is why I say going covered could be a good strategy for profit in the downtrend + mitigating risk. That said, do your own due diligence.