GameStop Rockets To $91.71 On Forward P/E Of 126 (Reddit Strikes Again!)

by confoundedinterest17

In an example of hyper-active stock trading, GameStop is back up to $91.71… on Reddit?

(Bloomberg) — GameStop extended gains to much as 74% in late afternoon trading before being halted, as retail traders took to Reddit to discuss the stock following news of the upcoming departure of Chief Financial Officer Jim Bell.

The Fibonacci retracement shows a mild jump relative to where GameStop was a short while ago.

After all, who could resist a forward P/E ratio of 126?

The Elliott Wave for GME looks like a wave from Nazare Portugal.

Now THAT is volatility!

 

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