eBay

I entered GameStop as a contrarian play after the stock fell to its 52-week low at $18.44, which I see as an attractive entry point for a speculative position. With a current P/E ratio of ~14x and recent developments around CEO Ryan Cohen’s potential withdrawal of an unsolicited takeover bid of eBay for $56 billion could provide an upside catalyst (though we may not see Jan 2021 numbers again - that was when I just started investing - what a short squeeze). TO THE MOON 🚀🚀

📢 𝐉𝐔𝐒𝐓 𝐈𝐍: GameStop CEO Ryan Cohen is reportedly considering withdrawing his $56 billion bid to acquire eBay. - $GameStop(GME.US) $eBay(EBAY.US)

$eBay(EBAY.US) is one of my favorite ideas at moment. A perfect setup that's constructing a nice beautiful English Tea cup. Does it remind you of $Okta(OKTA.US) & $IBM(IBM.US)? It does to me.

Based on Fractal's current layout, we may learn about significant acquisition and merger news before the July 7th shareholders' meeting or July 14th (the official release date of $TEDDY). The announcement could be...eBay acquisition proposal news, or rather, the final $BBBYQ acquisition announcement. When these announcements take effect, I believe $GameStop(GME.US) will hit the $20 gap and fill it, possibly even dropping to the low of $18.7.

$eBay(EBAY.US) on breakout. Can't remember the last time I traded this name. None here observation only

Source: Sunrise Trader

📢 𝐉𝐔𝐒𝐓 𝐈𝐍: Gamestop’s Ryan Cohen Threatens to Take $56Bn eBay Offer to Shareholders - FT - $eBay(EBAY.US) $GameStop(GME.US)