to $GME longs panicking over a <20% drop from a 21mo high, on low volume and no news, to a price it was at 8 days ago

On this day in $GME history 5 years ago 10/27/2020: $GME high $3.43 (post split) With GME averaging ~24M daily volume since the MSFT partnership announcement through last Friday, the less than 20% drop this week on no news and ~10M volume, called for a reminder that it's not time to panic. Day 102 of 148 – tracking daily history 5 yrs ago until I reach 12/12/2020 and complete the daily saga gap

On this day in $GME history 5 years ago 10/26/2020: $GME high $3.86 (post split) Kitty opened his 36th stream with band-aids all over his face, laughing through the pain after GME closed down 10%. GME hasn’t had a big red day during this uptrend yet and as a long term investor, these moves don’t even register for him. Movement within $11-$16 was all the same to him & the whole market was red anyway. He pointed out that overbought signals don’t scare him. He sees them as bullish for long-term holders. Maybe short-term traders should care, but he doesn’t. More than 50 people joined the stream early on. A solid turnout considering the drop. Then Uber dropped the new short interest data with 70.34M shares short, up from 68.63M at the end of September. Kitty was stunned. Shorts were still piling in. The short side was treating GameStop as a company with zero paths forward. That’s an absurd bet when nothing is certain in the market. No transformation. No optionality. Nothing. Why are shorts thinking this certainty only applies to GME? Especially as transformation was unfolding with partnerships in place that provided revenue streams in digital? GME was on the short sale restriction list, meaning it could only be shorted on upticks, but Kitty brushed that off as noise. He was more interested in the psychology. The chat remained overwhelmingly bullish despite the red day. A good sign with the 75 people watching & 30 likes midstream. People weren't running for the exits. GME is attracting more than just day traders. He cracked up at a new Bank of America article calling the Xbox & PlayStation launches headwinds for GameStop, claiming they’d accelerate digitization & hurt sales. If that’s the bear take, it should instill more confidence than ever. That kind of analysis revealed how broken Wall Street’s models were. Even more bullish if this is the same logic guiding shorts. A viewer brought up “deception” and “manipulation” in trading. Kitty cautioned against getting lost in those theories. He's not naive & doesn't believe it doesn't exist, but he doesn't know enough to claim it and that stuff gets thrown around a lot without real understanding. He & the chat spent time discussing share recalls, explaining how they could expose shorts in the event of a buyback or buyout. Then he reviewed an IGN article about GameStop’s new concept stores. GameStop 2.0 (community spaces), GameStop Social (for tournaments and co-op), GameStop Retro (classic libraries) & GameStop Pop (collectibles). It was a glimpse at what a modernized GameStop might look like. As he wrapped up, Kitty reminded chat that the U.S. election was two weeks away and signed off early. The room’s consensus? Probably another red day tomorrow, with most taking the under on $14. As always during these quiet periods of no news, nothing to do but watch the price action. Until next stream. Day 101 of 148 – tracking daily history 5 yrs ago until I reach 12/12/2020 and complete the daily saga gap