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- 🧪 GameStop Part 2
🧪 GameStop Part 2
Plus: 140% on $MLGO
Good Morning!
We’re diving right in with today’s movers: Bitcoin edges near $71k, a top AI semiconductor stock, and sterling's breakout. And don’t miss May’s stellar profit recap where our experts Bryce, Mr. M, and Reynard delivered jaw-dropping gains. We don’t just trade—we dominate. With pinpoint entries and exits, real-time learning from pros, and exclusive access to our powerful indicator, you’re set to conquer the market.
Roaring Kitty’s massive $290M GameStop stake has reignited frenzy, and the market’s buzzing—get the lowdown on this wild ride. Plus, check out Mr. M’s bold call on $MLGO, hitting every target and ending with a mind-blowing +140% gain.
Let’s get into it 👇
🌡 Market Temperature Check
🔥 May’s Profit Recap
Bryce, our options expert, crushed it with a 75.00% win rate. Mr. M, the stock specialist, boasts an impressive 90.63% accuracy. And Reynard's crypto trades? They achieved a staggering 49.06% average gain.
Another profitable month for all the members in the the largest & most profitable trading signals community 💪.
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📰 What’s Happening Today?
Roaring Kitty Ignites GameStop Stock Again
Roaring Kitty’s $290,000,000 Position
Keith Gill, the internet’s favorite retail trader, has done it again. Known widely as Roaring Kitty, Gill updated the public on his GameStop positions for the first time since April 2021, and the market responded with explosive enthusiasm.
Roaring Kitty’s Massive Stake: Gill posted a screenshot in Reddit's r/SuperStonk, showing he holds five million GameStop shares worth $115.7 million, purchased at an average price of $21.27 each.
Significant Call Options: He also disclosed 120,000 call options expiring on June 21, valued at $65.7 million with a strike price of $20.
Market Reaction: This news sent GameStop stock soaring, with shares doubling in pre-market trading on Monday before settling with a 21% gain by the session's close.
A Frenzy of Trading and Speculation
The latest rally was classic meme stock madness, with Roaring Kitty's revelation triggering a wave of buying activity and speculation.
Unconfirmed but Impactful: While the authenticity of the screenshot and the holdings have not been officially verified, the market didn’t wait for confirmation. The excitement and frenzy were real enough to drive significant trading volume.
Historical Context: The last update from Gill in April 2021 showed him holding 30.94 million shares and $3.54 million in cash. This historical context adds credibility to his recent claims and stokes the flames of the GameStop saga.
DIamond Hands
The Aftermath: A Roller-Coaster Ride
Following the dramatic surge on Monday, GameStop's stock saw a pullback, falling 5% on Tuesday. This dip underscores the volatile nature of meme stocks and the quick shifts driven by social media and retail investor sentiment.
Brokerage Concerns: Meanwhile, E-Trade, the brokerage Gill uses, is reportedly in internal discussions about potentially banning him from the platform, a move that could impact his ability to trade and further influence the market.
Market Volatility: This roller-coaster ride highlights the unpredictable and speculative nature of meme stocks, where a single post can lead to significant market movements.
For the thrill-seekers and traders keeping an eye on GameStop, Roaring Kitty's latest play serves as a reminder of the wild dynamics that can unfold in the world of retail trading. Stay tuned, stay informed, and as always, trade smart.
📈 What I’m Trading
The 140% MLGO Run
The Play
Yesterday, our star analyst, Mr. M, made a bold call in our trading community. Here's the breakdown of the trade:
Ticker: $MLGO
Entry: $5.51 (break)
Targets: 5.65 / 5.75 / 5.85 / 5.95 / 6.2 / 6.4 / 6.6+
Stop Loss (SL): 4.63
Risk Level: High
The Catalyst
The driving force behind this trade was the recent surge in interest in MicroAlgo, Inc. ($MLGO). A combination of positive news and increased market sentiment created the perfect storm. The company announced significant advancements in their algorithm technology, which has the potential to revolutionize data processing efficiency. This news caught the attention of investors, leading to a rapid increase in buying pressure.
Our Results
By the end of the trading day, Mr. M's call was nothing short of spectacular. The trade not only hit all the predefined levels but exceeded expectations by a long shot. Here's the update:
Level 4 Hit: 5.95
Halted at: 5.99 (up +10%)
End of Day High: 12.99
This remarkable run resulted in a staggering +140% gain! The chart speaks for itself. This wasn't just a good call; it was a grand slam. The price action on the chart showed a strong breakout at the entry level and continued momentum throughout the day, culminating in new highs.
Our community is buzzing with excitement over this win. If you want to stay ahead of the market and get access to insights like this, join us at TradingLab. Don't miss out on the next big opportunity!
✍ TL;DR
GameStop Story:
Roaring Kitty (Keith Gill) reveals $290M GameStop position.
Holds 5 million shares worth $115.7M and 120,000 call options.
Market reacts with shares doubling in pre-market, ending 21% up.
Frenzy driven by social media, despite unverified holdings.
Stock volatility highlighted by a 5% drop the following day.
E-Trade considers banning Gill, potentially impacting his trading.
MLGO Play:
Mr. M calls a bold trade on MicroAlgo, Inc. ($MLGO).
Entry at $5.51, targets up to $6.6+, stop loss at $4.63.
Catalysts: advancements in algorithm technology.
Trade hits all targets, ending with a 140% gain.
End of day high at $12.99, marking a spectacular success.
Stay ahead, stay informed, and most importantly, stay profitable.
‘til next time,
TradingLab
