How We Gained 250% in GameStop (GME)

GameStop Corp. (NYSE:GME) massive move from last week to today has been the talk of the Wall Street and online trading group towns. A short squeeze set the stock to rally up to a high of $145.59, an incredible 238% since last Thursday. Based on momentum indicators, the Wealthpress team was able to foresee the run and recommend their subscribers to most of those gains.

Invest in Tomorrow to Make Wealth Today

January 25, 2021

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James West, CEO Midas Letter.
James West is a professional trader and a successful entrepreneur with over 10 years of experience in the financial markets.

How We Gained 250% in GameStop (GME)

GameStop Corp. (NYSE:GME) massive move from last week to today has been the talk of the Wall Street and online trading group towns. A short squeeze set the stock to rally up to a high of $145.59, an incredible 238% since last Thursday. Based on momentum indicators, the Wealthpress team was able to foresee the run and recommend their subscribers to most of those gains.

Chasing the stocks that make these huge parabolic moves is not a sustainable strategy, however.

Finding value with a longer-term horizon while understanding momentum and shorter-term trading is always your best bet. Don't chase stocks that are up huge because of the fear of missing out (FOMO) and get stuck holding the bag as stock prices oscillate violently. GameStop for example has been up to $145.59 and down to below $62 within the last hour of writing this.

As Jeff Zananiri says you would "rather have a racehorse you have to reign in, than a donkey you have to kick in the a**."

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Disclaimer: The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein. Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment. Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio. Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit wealthpress.com/terms for our full Terms and Conditions.


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