The last trade in GME 0.00%↑ worked (https://732charts.substack.com/p/favorable-risk-reward-in-gme), and thankfully I wasn’t hanging around for the post earnings sell-off. Yet another reason I keep holdings through earnings to a minimum unless the thesis is through a time period exceeding the report.
I’m taking another “short leashed” trade in GME 0.00%↑ here against the shaded region outlined below. On a pro forma basis for the company’s current notes offering, net debt for GME 0.00%↑ may be as high as 50% of the current market cap (the offering was upsized on 6/12). This one may also see price movement correlate closer with $BTC as their holdings grow.
