Highlights:

• During the first GME frenzy, GME’s stock has grown by 1635%
• Today is another price skyrocket by 500% that started on February 24^th
• I Know First AI Algorithm successfully predicts GME’s stock in different time horizons

Reddit Vs Wall Street

It was hard not to hear about the frenzy surrounding GameStop Inc which started on January 20^th. And it all started in a Reddit forum. One user claimed that the GME stock is undervalued and joked that it’s a good idea to take over the company. That, along with the fact that several big hedge funds were betting the stock price would be going down and shorted the company, turned the joke into reality. Many Reddit users started to buy stocks and call options of the company and forced the hedge funds to close their positions and buy even more stocks of the company. This demand kicked the stock price even higher. The stock soared from $20 on January 12^th to $347 on January 27^th – 1635% growth in merely two weeks!

Today we see the new frenzy surrounding GameStop lnc which has started on February 24^th. The stock suffered high volatility over the last 2 weeks and the stock price increased from $44 to $264 on March 12^th.

The short squeeze which happened from January 29^th to February 4^th, when the stock dropped by 84%, got the attention of the financial regulators in the United States. Democratic Senator Elizabeth Warren demanded action from regulators while the Securities and Exchange Commission said it is “actively monitoring” volatility in options and equities markets. Also, the acting chairwoman of the SEC, Allison Herren Lee, told NPR that they are looking into different aspects of the sudden rise in GameStop shares, including whether brokers acted appropriately and whether there had been any market manipulation.

There were two testimonies of “Roaring Kitty” on March 3^th and on February 18^th and it could have an impact on GME stock despite that there was not any information about compensation for investors who lost their money in January or other information about the future of “Roaring Kitty”. Supposedly the current sharp growth of GME stock, which has begun on 24th February, connects with other factors.

Management reshuffle and further transition to e-commerce business may be another trigger of the new rally started on 24^th February. On the next day, GME stock was warmed up more from the news about acquiring Esports Entertainment Group, despite that GME and Esports Entertainment Group did not confirm this statement. According to Common Thread Collective E-commerce selling of Toys and Games has increased by 89.25% during the pandemic.

The latest news that U.S. Senate voted to take up President Joe Biden’s $1.9 trillion coronavirus aid bill has had a positive impact on the whole market and stimulated GME stock for further sharp growth. After this S&P 500 went up from 3,768 to 3,842 and currently up to 3,943 on March 12^th. The next key point for GME stock will be 23^rd March when the company is going to report Q4 results of 2020 and its earnings after the market closes.

I Know First Forecast Success Predicting GME Stock Frenzy Until Nowadays

Could someone predict such a rally in advance? On October 26^th I Know First published a GME stock forecast featuring a strong bullish signal for the following 3-months’ and a one-year horizon. This forecast had proven to be correct and on the 3-months’ period resulted in 578.83% return. Also, the October 27^th stock prediction for the one-month period resulted in a 19.55% return. Moreover, on October 30, 2020, I Know First generated a GME stock price signal as part of the High Short Interest Stocks Package, resulting in a 2670.67% return in 3 months! Finally, the latest post featuring the GME frenzy case also analyzed how the AI-powered algorithm predicted GME and AMC surge against all odds.

Since 23^rd February 2021, the new stage of GME Stock Frenzy has been beginning. Recent data confirmed that I Know First algorithm has been successfully predicting the direction for GME stock price. So, the algorithm has made highly returning predictions for 3-Days, 7-Days, 1-Month and 3-Months horizons, which demonstrated returns ranging from 46.96% to 1089.60%.

GME Stock Predictions Beat All Odds and Uncover Exceptional Market Opportunity

Besides the above successes, it is important to look at the I Know First past algorithmic forecasts for the GME stock over a prolonged period – for example, from January 1^st, 2020, to March 9^th, 2021. During this period, I Know First clients were receiving daily forecasts in time horizons spanning from 3 days to 1 year and the average returns in comparison to the market performance by S&P 500:

As could be seen from the above table, especially the long-term predictions (signals for both long and short positions were evaluated) appeared to be extremely successful in terms of returns, which is also accompanied by 58%, 68%, and 94% stock predictions’ hit ratio for the 1-month, 3-months, and 1-year forecasts, respectively. That means investors who bought the stock early and held it for the entire time had beat the market multiple times! Could someone predict that kind of movement in a robust way? This is a tough question, but what we can say is that I Know First AI-powered algorithm managed to correctly predict GME enough bullish and bearish movements to provide overall positive returns – 91 times higher return for the 1-year time period and 25 times higher return for the 1-month time period. Overall, these results do not appear to be a pure coincidence but demonstrate the significant predictive power of the algorithm to provide robust market insights faster than the rest of the market reacts, hence providing its users with a significant competitive advantage for stock trading.

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Please note-for trading decisions use the most recent forecast.