It’s surprising that so many people have ignored the volume on the run up. There were 550MM shares traded in the three trading days from Jan 22nd through the 26th. That’s huge, especially on a security with 70MM outstanding shares. There was plenty of volume to close and open new positions at much higher valuations. Volume has remained pretty high, with the lowest days still north of 30% total outstanding shares.

I think we will see several resistance points along the way and I do think once it settles, GME isn’t a terrible play, but there isn’t much to indicate that we’re on the front side of another squeeze.

I will note that I have no current GME positions.