I know $GME is in a pretty big pullback, but anyone who has followed the short shares available to borrow could attest that things have changed since the early conversion of note holders. The shares have not been updated since 10/13. Prior to the early conversion, these shares would be updated every single day, multiple times a day.
Could it be the increased share count from the early conversion causing it? Maybe, but something is definitely different.
$CHWY just had a large increase in borrowable short shares this morning
Replying to @npantano_ @ryancohen
@grok how often do 50% OTM warrants issued on a stock end up expiring worthless?
$GME broke free of resistance and gained momentum out of a rounded bottom on 9/9, caused by the VWAP trading period to price the early conversion of note holders. It began to fill the gap left on August 3rd at the beginning of the VWAP period.
$CHWY gapped down on the same day 9/9. As $GME rose, $CHWY was forced to retest 52 week low area, thus causing a double bottom. It then also created its own similar rounded bottom.
Green is the gap
Purple is 9/9
Now, $CHWY is in a similar position of being just below the gap created. They were both also beneath their 50D, 100D, and 200D SMAs during this rounded bottom.
Will $CHWY be able to take the 200D like $GME did when it filled the gap?
$CHWY had 7.5m more shorted shares jump on during this push down. Only 1.4m of those shorts have left the trade as of 10/15(FINRA update today), when $CHWY was at $21.35 at closing.
Wall Street analysts price targets still have no sell ratings and an average rating of $28-$30. Forward p/e is still low for such a sturdy autoship membership base of revenue.
It certainly has quite the resistance to break through above $25-$30 due to the long term down trend, but this double bottom is interesting.
Get all that hate and discontent out of your system this week.
We will resume your regularly scheduled tin foil and $GME positivity next week.
K, luv u, bye
This is absolutely mental 😂😂😂😂
I could have told you the warrants would inverse the week of expiration if the price was below $32 by the way. I could have predicted that a year ago 😂
What is this guy even talking about
$GME
This guy has been preaching at the top of his lungs with confidence that the $GME warrants would be going over $7-10+.
Confidently.
Ryan has purchased about $118m-119m this year on buying $GME shares total.
He has 3,734,784 warrants. If he exercised all of them and bought shares at $32, he would be spending $119.5m.
What are the chances those 2 amounts would be that close?
Maybe that was his hint of warrants not being extended.
This guy has been preaching at the top of his lungs with confidence that the $GME warrants would be going over $7-10+.
Confidently.
Yikes.
Buy fundamentals, not chase hype with no foundation.
Replying to @chamath
Pretty much.
As of the past few weeks, debt markets have almost entirely shut off access to money for any company that doesn’t have substantial revenue independent of AI data centers.
SpaceX closed $40B of debt for GPUs, but we’re investment grade and have Starlink & launch revenue.
That means the 200+ neoclouds are going to see guppy-level death and consolidation. Some will make it through, but not many.
A lot of pressure on a lot of $GME influencer accounts next week 😂
I got the Hunllef pet drop on my OSRS Ironman account last night. @OldSchoolRS
And $CHWY pumped my account this week.
Ready for next week.


















