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Gamestop

Wait until Friday before $GME RiskFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I expect GameStop to have a negative earnings call tomorrow. This will lead to a bearish dip, which makes me inclined to say, wait until Friday (probably around the hours people shorten) or afterwards to buy this stock. Don't try getting it before the potential dip if you want to profit off GameStop. I could be wrong, but many many people are objectively expecting a bad earnings call.
NYSE:GMEShort
by gamer456148
2
Long Gamestop Inverse Head and Shoulders GME Fail Neckline BreakGamestop is set to rally ahead of earnings . Gamestop has never been this cheap since 2003 and it is has a much stronger brand name recognition than before. Earning estimate is -.35, but Gamestop $GME was one last non essential stores set to close in March. With gaming stocks on a rampage, Gamestop is expected to beat expectations. It is a quarantine stock and a economy re-opening stock since it has generate huge revenues through its online sales. Inverse head and shoulder with a strong bounce off of the throwback. Smart bears closed shorts at the inverse head. Bears looking to short this under $4 will help with the short squeeze when $eBay breaks to all time highs. This has the same setup as Zoom $ZM.
NYSE:GMELong
by FleurdelisFX
2
GME long, Gamestop ready to fill the gap and explode upward!NYSE:GME Gamestop is ready to go Long. In Q4 they turned in actual earnings of +0.32, at the end of May they will be turning in Q1 earnings, which the entire world estimates are horrid for every industry except bio techs. BUT my theory is that Gaming increased with school being out, work being canceled, people being laid off. People often forget the online digital sales of gamestop and the by mail sales. With less money being dished out for "trade in" games or systems, gamestop SHOULD be in a decent position to weather the COVID19 storm and squeak by with posting a much smaller negative earnings than estimated (-0.35 estimated) and post something along the lines of -0.15 or even a small profit of +0.10. My point is the market and analyst have way overacted to a company that functions in a hot space, with increased tute support and an product delivery system that was better prepared to handle this storm than other retailers such as clothing or sporting goods. additionally, this stock is trading at a much decreased relative volume headed into jaded earnings estimates, its MACD is trending upwards into earnings date, and the RSI looks to have stabilized more than post partum mother on beta blockers, red wine and Xanax. I have circled some price targets that should hit in accordance to their dates and it is technically trading into a channel and its also deciding if its going to be a triple top or a double bottom if you zoom further out,, a break to the positive side has so many stacked catalyst that it will speed GME from 5.50 to 7.00 in less than a weeks time once the ball gets rolling. Worst case scenario, it fails the channel, earnings suck as bad as estimates think they do, and GME has to wait til Q2 and Q3 to post a nice profit on some Console war action and climb back to 9 before Xmas.. I like the odds. going HEAVY here.
NYSE:GMELong
by TheStockMarketSniper
2
GME 50% upsideGAMESTOP 50% upside 28th may is earnings report. Company has seen an increase of sales 1500% (due to covid) Improvements seen from Q4 2019; 709mil to 380m = reduction in liabilities Debt ratio improved = 0.25 to 0.42 improved CCC. @ 45's = median of historical range. Share Price to Fair value puts Gamestop @ 76.5% undervalued* In my own opinion, has the potential to be a good long term investment. Positive capital restructuring, positive sales outlook (if we're looking at a second wave of COVID + more lock in's - GME has a bored new market) Can potentially see 100%+ upside in the longer term. Technicals': Coming up off a bottom, and creating a bullish Over Under pattern. Consider buying as close to the mid to high $3's. Just my thought's, Resources: www.marketwatch.com Sales Spike: www.businessinsider.com.au Share vs. FV: simplywall.st Balance sheet data from TV 'Financials'. Extras: www.marketwatch.com
NYSE:GMELong
by ChasingTheMoon
1
Game Stop: Game Over weird finszes/bookz everyone fomo cuz of upcoming insider tarders (?) closeds lotta storeds you cant captalize yours cakesa nd expensive it too franchiz owned stores, neva closed to cornoa, neva closed eva for ode reasons (looky at ppls say, hey bro, it was snow in and ppls say to come in to work? why pepel do that? answer: cuz moni tite like last nite) hur dur uses games... nobody cares everything online buy sell everything but... how much revvys come from thats again?! but b-b-bro, dey sell otha stuffs like tele and games cubse. and they own kurturkur?! no combat amphibians games Think about the future.
NYSE:GMEShort
by coinhoIio
1
$GME, Gamestop, will come to a STOP!Look, the truth is no one buys games from Gamestop anymore like we use to. We can easily download games via our console or we go to stores like Best Buy, use Amazon or buy used games or consoles through Craigslist or Facebook Market. There is nothing special about Gamestop, anyone can do what they do. What they should focus on is selling classic old vintage games. Maybe that'll revive them. But, the way things are...I only see it going away like a Blockbuster.
NYSE:GMEShort
by OfficialGoon
Can The Burry News Help More Than It Has?GME has been beaten down most of the year. It's great to see positive news but unfortunate that they had to do fat trimming at the expense of employees. Either way, the news that Michael Burry is invested hasn't hurt (yet). We'll have to see if it has a lasting impact still. Overall, the chart looks interesting. Video game retailer GameStop Corp. (GME Stock Report) has been in the middle of an impressive rally since last week. This has been due to two major factors. First, it announced that it is going to lay off as many as 120 workers as part of a cost-cutting process. This actually proved to be a huge positive. We reported on this last week in the article, “ 2 Penny Stocks Trying To Bounce Back In August .” However, later on, ace investor Michael Burry told Barron’s that he is bullish on GameStop and owns as many as 3 million shares at the time. He stated that as many as 90% of the stores owned by the company are cash flow positive and he believes that the market has not valued the stock fairly. If you don’t know Michael Burry, watch the movie, “The Big Short,” and I think you’ll be surprised. Over the course of the past week, GME stock rose by 20%. However, don’t forget that the stock is still down over 70% year-to-date. From PennyStocks.com - 3 Penny Stocks Catching Investors’ Attention This Week
NYSE:GME
by PennyStocks101
GME is Dying! Sell It While You Still Can! - Monday AnalysisGME (GameStop) Support at 3 because it is the nearest whole number support! Whole numbers will act as psychological price levels. Resistance at 4.7 because of previous support and resistance. Price action is looking to be trading into an area of tight consolidation until it hits the upper down trend line and sell off just like the first time. History repeats itself. Looking for a bounce into the resistance/down trend line at 4.30 then see a move down to 3 or lower. Predicting that GameStop start selling off in the next couple of weeks as it jams against this downtrend line and sells start to plummet because of the rise of internet sales and market weakness with the China trade wars. To learn more and follow along, please 1. Give me a like and follow on here 2. Follow me on Instagram 3. Follow me on Youtube
NYSE:GMEShort
by tenpercentcreditspreads
Bearish on GME (Gamestop) - SL 23.70GameStop has been fighting a losing battle for a while now - I am adding a short position here (My target is $20) due to the fact that it has once again dropped below the 9 day MA, it made a retest of the 50 day MA and failed, and of course it is well below the 200 day MA. Additionally, the RSI has dropped below the 50 zone, the stochastic has downward momentum and the MACD is going to be making a negative cross over (a cross down also into it's negative territory below 0.00)
NYSE:GMEShort
by ChrisAbdey
Is Game Stop due for a bounce?Technically Speaking Currently, price is trading near the 2015 low prints around 25ish. For now, the main levels to watch are the 25 level on the downside and the pivot area noted on the chart. As noted on the chart, if I were long or looking to get long, my get out price would be under 20.00 Fundamentals Summary of GameStop's business. Here is a good write up at Seeking Alpha. The main point I took away was that digital gaming is disrupting GameStop's business model. Will they go the way of Blockbuster? However, I think it is constructive to think about, especially if you are planning to hold a stock for the long term. My checklist for evaluating stocks Should I buy? * Is it trading at an important technical level that is obvious? * Is the R/R in your favor? * What is the likelihood this company will either go bankrupt or it's products or services become obsolete? * How much debt do they have? * If heavily indebted, how much is coming due in the next 3-5 years? Can they cover their debt payments based on reasonable analysis? * Will their product or service become obsolete? This really is too hard to say, too many things looked obvious in hindsight, think Blackberry -0.34% . Risk * For individual securities, risk no more than 3% as a starting position. You can always add later. * Write down a price level that you will consider liquidating all or part of the position. * What is a reasonable price target? Execution * Write down the answers to the questions above and if you can answer yes to all of them, take the trade. OVER THE LONG TERM, THE WAY TO WIN IS TO HOLD ONTO YOUR WINNERS, AND CUT YOUR LOSERS. IT IS AS SIMPLE AND AS HARD AS THAT. As always, please leave any comments or questions.
NYSE:GME
by CalebDismuke