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GAMESTOP CORP. AGG

GAMESTOP CORP. A

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Pullback or NOT?hi every one complete pullback to the trendline with 30% profit Potential The information provided on this Page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. this page does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisio
NYSE:GMEShort
by expay24
2
$GME A New Strategic VisionOn June 7th GameStop Corp. (NYSE: GME) fired its CEO Matt Furlong and appointed Ryan Cohen as the new executive chairman. These consecutive decisions were made after GME’s Q1 earnings report revealed a YoY decline in sales which caused the stock to plummet by 18.4%. The board’s decision to appoint Cohen on the other hand was likely due to three important reasons. The first is to avoid a power vacuum, the second is due to his popularity after the GME stock short squeeze, and the final reason is related to his outstanding business acumen. Given the board’s decision regarding Cohen, GME stock might be poised not only for a rebound but for a major run. GME Fundamentals Avoiding A Power Vacuum Cohen’s new appointment as executive chairman comes with control over capital allocations, the authority to evaluate potential investments, as well as acquisitions, and an ability to oversee the managers of GME’s holdings. These executive powers solidify authority, and as a result, prevents a power vacuum from occurring in GME which would provide GME with stability until a new CEO is appointed. Meme Stock King The GME short squeeze was a momentous occasion as its + 2000% run represented a frustration with wall street corruption. In the midst of it all, Cohen who was a GME board member and a notable investor at the time, supported the short squeeze and became synonymous with the movement. His popularity skyrocketed on social media resulting in him becoming a figurehead in the meme stock community. His position within this community gives him an edge over other chairmen due to his trustworthiness and popularity among investors. E-Commerce Expert Throughout his career at GME, Cohen has constantly expressed that GME lacked a strategic vision due to its reliance on walk-in stores as opposed to online purchases. With that in mind, GME is now poised to take advantage of Cohen’s experience in the e-commerce sector thanks to his experience from his time as the CEO of Chewy, Inc. (NYSE: CHWY) where he elevated CHWY’s notoriety so much so that Petsmart purchased it for $3.3 billion. That said, Cohen is likely to utilize his expertise in e-commerce in order to shift GME’s trajectory from a traditional retailer to an online tech-oriented retailer. A shift towards online purchases would likely result in a decrease in physical stores, which would cut expenses and increase profit margins due to a stronger focus on online purchases. In light of this, GME could return to profitability soon, which would reflect on the GME stock price. Short Data As things stand, GME stock is witnessing an increasing short selling activity with its short interest increasing to 20.5% and 28% of its float on loan. At the same time, GME’s utilization rate is at 100% indicating that there are no more shares available to be shorted. Given Cohen’s popularity as a meme stock figurehead, GME stock could witness a short squeeze given the excitement surrounding Cohen’s appointment as executive chairman. GME Financials According to its Q1 report, GME’s assets have decreased from $3.1 billion to $3 billion QoQ. Its cash balance also decreased during that time from $1.1 billion to $1 billion. Meanwhile, its liabilities remained stagnant at $1.79 billion. As for revenues, GME’s net sales decreased YoY from $1.3 billion to $1.2 billion while its expenses decreased from $453 million to $345 million. As a result, GME’s net loss improved YoY from $157 million to $50 million. Technical Analysis GME stock is in a bullish trend with the stock trading in an upward channel which the stock broke following its disappointing Q1 earnings. Looking at the indicators, GME is trading below the 200, 50, and 21 MAs which are bearish indications. Meanwhile, the RSI is neutral at 62 and the MACD is neutral as well. As for its fundamentals, GME recently witnessed 2 catalysts in its disappointing Q1 earnings, which has seen the stock plummet 20% in after hours and pre-market trading, and the appointment of Cohen as executive chairman. Given Cohen’s reputation and popularity among investors, GME stock could be poised to soar in the near term. GME Forecast Sometimes dips could be a great opportunity to invest which might be the case for GME stock given that Cohen was appointed as executive chairman. Through Cohen’s e-commerce expertise and popularity among investors, GME stock could witness a short squeeze soon as the company might be set to improve its financial situation significantly if it starts to focus on online sales. In this way, GME may return to profitability under Cohen’s guidance which could reflect on the GME stock price.
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by Penny_Stocks_Today
1
$GME Gartley/ Cypher variation and daily inside bar off 618 $GME I will be watching for daily Inside bar break high off 618, It would offer a low risk long w stop against low of mother bar (previous candle), aim top of pattern if this set up triggers, take some off at 1-1 and move stop and more off at 1-2 RR per Ib set up rules, (different set up the Hp's) I prefer to wait for 786& 1.272 ext, this set up lacks solid structure so I would consider .50% to 1% max risk. Always wait for candle confirmation at trigger levels. Remember the Gartley has 3 triggers, 786 often lines up with 1.272 & does in this case but watch the ABCD/Lightning level as wel, highlighted below the 786 fib. Tp 1 stop is even always & take some off please, aim 2 & 3 next. Stop below X, always.. Leave some room imo, always watch for reclaim of pattern with a pin bar. Let me know if this chart helps your $GME analysis, please share your ideas for $GME in the comments. Also with any of my plays, if indices tank the hit rate will plummet, act accordingly please.. No all in:( , trading is a business.. ***Gartley's (main) and Cypher's trigger are both 786, so the dual pattern is just to explain I see both here, doesn't add any confluence imo...
NLong
by FrancesMarie
21
$GME - 741 is not a drill, its a Algorithmic Timeline This idea is a fun one for the tinfoilers out there. NYSE:GME There are many ideas behind 741 and its meaning, however one pops up frequently in my own head, and its the estimated timeframe of 741 days and how it plays into the stock itself. It's a 741 day shorting algorithm, which is set when you see an initial shorting of a stock. At the end of the 741 days, you will often see a spike in price, known as a sneeze, and a rise of price upwards the weeks prior. 741 days before the initial squeeze dates back to Tuesday January 15, 2019. Coincidentally enough, this is also roughly the same week GME had a retest before being shorted into oblivion. Now given the extreme pile on of retail, and the potential derailing of an algorithm, a buffer zone has been applied to the next shorting phase, approximately June 7th after the At-The-Market Equity Offering Program. 741 days after the initial offering of the Stock Sale, leads us to June 18, 2023, which would lead me to believe that there will be a price movement upwards around this time, and this prior weeks leading up will fluctuate into the $30 dollar range, starting this week.
NLong
by SHFSCanSMD
3
GME appears to be ready to sell in JuneGME on the 4H chart appears to have topped out at the end of May after a decent rise of 30% after the May 2nd bottom. At present, the Hull Suite trend indicator is signaling a reversal while the MACD zer0 lag indicator shows the lines have crossed under the horizontal zero and the histogram has turned red. The RSI Indicator is showing a bearish divergence with strength decreasing from 80 to 60. I see this as a short setup and will take a position of put options with some long stock shares as risk management and hedging strategy. My target is a 50% retracement of May's move up and a stop loss above the swing high. GME is still above the POC line of the volume profile. Once it drops to that value, I expect bearish momentum acceleration. Earnings are coming. If in profit before earnings, I will take off half the position for the earnings and then expect GME to rise and stop out the remaining position or drop quite a bit more.
NLong
by AwesomeAvani
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NLong
by silverjuly82
2
$GME Long - The Rise of The Players (weekly) Short and Sweet, NYSE:GME technicals don't really work all that well cause everyone forgets NYSE:GME is not in here with investors; Investors are in here with NYSE:GME , and it runs the show. With that said, its hard not to notice patterns, alongside potential predatory short hedge fund tactics, alongside old shorting algorithms, alongside activist investors also noticing something off and taking massive advantage of it during a time in technology where everyones ideas can be connected. it's an odd stock, because people paid attention to the oddities and pointed it out, giving a large upper hand to executives behind Gamestop having a massive following of truly invested shareholders who have a safe haven to expand their knowledge on markets. So, Gamestop has become profitable recently, there is no stopping that train which is steamrolling through market share where Amazon and other competing Tech type companies could not. Gamestop has a massive following by which Gamestop made it safe for new retail investors, to invest and gain knowledge on the inner workings of the real (fake) stock market (this alone proves stocks are often at the hand of predatory short sellers who cellar box companies into the ground for competition like Amazon to take over their market share). Gamestop already has a nft store, and they have noticed a majority of their profit coming from collectibles, old games, and new trends with massive cash backing i.e. web3. Gamestop is providing a one stop shop / web3 integrated gaming launcher and atmosphere, where any games played on web3 can be played through their launcher, prioritizing network and data traffic, while getting rid of 34231 other launchers in the process, seamlessly onboarding web2 to web3. Gamestop has both online and brick and mortar presence with a tonne of cash set aside for purchasing, which they mention in their last filing that purchasing was on their agenda. The stock itself is approaching an extremely familiar deep value territory similar to 2020 (as shown by the purple squares) . If you have paid attention to all the short players during that time frame, a majority of them, and many other investors went long in their large positions on Gamestop. Still means shorts have to close, but they've now likely hedged their shitty old bet, attempting to reduce their casualties for their actions. Looks like your sweet little baby NYSE:GME is finally going to get the needed attention it deserves from its loving fanbase instead of its neglectful caretakers beforehand. Lastly, If you were to scrape away all the bullshit over the last few years, learned to DRS your shares, constantly grew your knowledge on the market, you would understand that NYSE:GME is more than a squeeze, its more than a play, its bringing power back to the players. (If you're curious, I set two trend lines all the way back from the start of the stock, one sits roughly at $15.60 where there were 3 tests breaking on the 3rd (DFV "Squeeze"), and one sits starting at $7.41 with the trend line matching the end of the wedge provided over the last 3ish years. the 15.60 line has been tested again 3 times since the initial pump, and bounced each time, with the last leading to consitent rise in price). NFA, some fun lines, patterns, and opportunities looking like they're being taken advantage of by Gamestops team.
NLong
by SHFSCanSMD
1
Gamestop, MEME Stocks, DRSGamestop... Ok full disclosure..i absolutely made some money in the Gamestop mania of a couple years ago I think evidence is overwhelming that abusive short selling practices are a cancer in our markets that needs to be weeded out (how many weeks has Gensler been on the job now lol?) With that said GME is different that other so called meme stocks because of the lemming like madness that has ensued on Reddit concerning the Direct Registering (DRS) of GME stock I'll let you ignite your GPT inquiries and Google searches (do people still do those? j/k..sorta) to better understand the thesis behind DRS and GME With that said mania is mania and sentiment is sentiment... LONG GMERICA ..oops sorry...I mean GME!
NLong
by Heartbeat_Trading
GameStop ($GME): Potential Consolidation in mid-termGameStop Corp. offers games and entertainment products through its ecommerce properties and stores. It operates through the following geographic segments: United States, Canada, Australia, and Europe. Each segment consists primarily of retail operations, including stores and ecommerce properties focused on games, entertainment products, and technology. GameStop offers new and pre-owned gaming platforms from the major console and PC manufacturers, sells new and pre-owned gaming software for current and certain prior generation consoles, and offers a variety of in-game digital currency, digital downloadable content, and full-game downloads. The firm’s stores and ecommerce sites operate primarily under the names GameStop, EB Games, and Micromania. Its pop culture themed stores also sell collectibles, apparel, gadgets, electronics, toys, and other retail products for technology enthusiasts and general consumers in international markets operating under the Zing Pop Culture brand. The company also publishes Game Informer, a print and digital gaming publication. GameStop was founded by Daniel A. DeMatteo in 1996 and is headquartered in Grapevine, TX. From a technical point of view, the trend is still bullish on weekly chart (Log Scale), but at the same time, a breakout of the previous low should trigger a bearish leg with a first Target around $9.70 area. Trade with care! Like if my analysis is useful. Cheers!
NShort
by TheAnonymousBanker
1
GME: should have more downsideGME the king of meme stock is still on correction mode. On a log scale it doesn't look that bad really; specially if one compares with the lot of crypto charts. Anyhow, at this moment it looks like GME has some ways to go to complete the corrective wave 2. When price goes parabolic, it is quite natural to have a prolonged corrective phase. Price should come down to previous lower degree wave 3 to wave 4 area. Back in 21, I remember gambling 20 bucks into 200 in less than a week and then got stuck on Robinhood with put options when they stopped trading. Insane times... Hopefully, next time around, GME will graduate from a meme stock to something with actual fundamentals behind the company to start a long term uptrend (AKA cycle degree wave 3)...one can hope.
NShort
by mukit1
1
Good Entry Point for GameStop? Not Just YetGME STARTED TO TEST NEW LOWS: STRATEGY SHORT Sue. This Market seems to be volatile and very difficult to trade. Scalping?Trend? Range Trading?.... Well ... I just look for volume areas, where the market is testing the forme false breakouts... The minor short term has just started. Overall Average Signal calculated from all 13 indicators. Signal Strength is a long-term measurement of the historical strength of the Signal, while Signal Direction is a short-term (3-Day) measurement of the movement of the Signal. 20 Day Moving Average short 20 - 200 Day MACD Oscillator short 50 - 100 Day MACD Oscillator short Support & Resistance 3rd Resistance Point 22.40 2nd Resistance Point 21.64 1st Resistance Point 21.03 Last Price 20.42 1st Support Level 19.66 2nd Support Level 18.90 3rd Support Level 18.29 Key Turning Points 52-Week High 47.99 37.17 Price Crosses 9-18 Day Moving Average 35.80 Price Crosses 9-40 Day Moving Average 35.54 61.8% Retracement from the 52 Week Low 33.31 Price Crosses 18-40 Day Moving Average 31.70 50% Retracement From 52 Week High/Low 14 Day RSI at 80% 30.32 27.86 38.2% Retracement From 52 Week Low 13-Week High 27.00 14 Day RSI at 70% 24.71 22.62 38.2% Retracement From 13 Week High 22.26 Price Crosses 18 Day Moving Average Stalls 21.47 14-3 Day Raw Stochastic at 80% 21.29 38.2% Retracement From 4 Week High 21.26 50% Retracement From 13 Week High/Low 21.18 3-10 Day MACD Oscillator Stalls 21.04 14-3 Day Raw Stochastic at 70% 20.67 50% Retracement From 4 Week High/Low 20.56 Price Crosses 40 Day Moving Average 20.21 14 Day RSI at 50% 20.19 14-3 Day Raw Stochastic at 50% 20.15 Price Crosses 18 Day Moving Average 20.05 38.2% Retracement From 4 Week Low 19.91 38.2% Retracement From 13 Week Low Low 19.51 Low 19.34 14-3 Day Raw Stochastic at 30% 19.08 Price Crosses 9 Day Moving Average 19.00 Price Crosses 9 Day Moving Average Stalls 18.91 14-3 Day Raw Stochastic at 20% 17.81 14 Day %k Stochastic Stalls 17.25 Price Crosses 40 Day Moving Average Stalls 16.60 3-10-16 Day MACD Moving Average Stalls
CShort
by DaveBrascoFX
$GMEThis trade has nothing to do with fundamentals, company transformation NFT bs or that moass stuff. This is me seeing a trend in the market and taking advantage of it. Some of you know why i'm posting this here. For those who don't know, i've been trying to be some kind of prophet idiot and i've failed a lot in the past. I stopped posting for 6 months until i could better nail the market down based on certain data sets i've been analyzing for a very long time and i'm back here because i think i have managed to acomplish it. My track record has been extremely shoddy at best for the past 2 years, but as of recent breakthroughs in understanding the data sets i have, i think i've found what i wanted. I'm not going to mention dates or PT's. All i can say is that i figured it out in March and rode the March spike and that make things click for me. I had full ported and made avg 1300% I'm in for ~2900 option contracts. I would get more but i'm restricted on how much exposure i can have. That's all. You'll know how this trade has gone soon enough i guess. 2917 contracts imgur.com
NLong
by leenixusu
18
The GameStop Short SqueezeThe GameStop short squeeze that took place in January 2021 was a pivotal event in the history of financial markets, as it brought to light the power of social media and the complex dynamics between retail investors and institutional players. This unprecedented event, fueled by a group of retail investors on the subreddit r/WallStreetBets, led to the rapid rise of GameStop's share price and significant losses for some hedge funds that had bet against the company. The GameStop saga revealed underlying issues related to market manipulation, fairness, and the need for regulatory reform. The Power of Social Media The GameStop short squeeze highlighted the extraordinary impact of social media on financial markets. Reddit's r/WallStreetBets, an online community where members share investment ideas, became a powerful force that drove up the share price of GameStop and other heavily shorted stocks. These retail investors, driven by a combination of a desire for profit and a disdain for Wall Street's elite, banded together to challenge the status quo and fight against the hedge funds' dominance. The internet played a significant role in enabling and facilitating this market event. Online platforms provided retail investors with easy access to information, while social media allowed them to communicate and coordinate their actions. This demonstrated how the internet has leveled the playing field between retail investors and institutional players, at least in terms of access to information and the ability to influence market movements. Market Manipulation and Fairness The GameStop short squeeze raised questions about market manipulation and the fairness of the market for all participants. Some critics argued that the actions of r/WallStreetBets members amounted to market manipulation, as they actively promoted GameStop stock with the intent to drive up the share price and force a short squeeze. However, others pointed out that hedge funds often engage in similar tactics to profit from their short positions and that the retail investors were merely employing the same strategies used by professional traders. The controversy surrounding the trading platform Robinhood further fueled the debate on market fairness. Amidst the volatility, Robinhood and other platforms limited trading in GameStop and other volatile stocks, which sparked accusations of market manipulation and collusion with hedge funds. Critics argued that these restrictions unfairly disadvantaged retail investors, while Robinhood maintained that the limitations were necessary to manage risk and comply with regulatory requirements. Regulatory Repercussions and Reforms The GameStop short squeeze caught the attention of regulators and lawmakers, prompting Congressional hearings to address the situation and discuss potential reforms. During the hearings, various stakeholders, including representatives from trading platforms, hedge funds, and retail investors, provided testimony and perspectives on the events that transpired. The hearings underscored the need for regulatory reform to protect retail investors and ensure market fairness. Some of the proposed reforms included increased transparency in short selling, restrictions on high-frequency trading, and measures to enhance market stability. Additionally, the hearings highlighted the need for better investor education to ensure that retail investors are aware of the risks associated with participating in such events. Lessons Learned While some retail investors profited from the GameStop surge, others were left holding the bag as the stock price eventually declined. The episode serves as a cautionary tale about the potential risks and rewards of participating in market events driven by social media and mass psychology. The short squeeze underscored the importance of understanding the fundamentals of investing, as well as the need for sound risk management practices. Conclusion The GameStop short squeeze will be remembered as a defining moment in financial history, as it not only showcased the power of social media and the internet in influencing financial markets, but also exposed the complex dynamics between retail investors and institutional players. The event has led to increased scrutiny of market practices, regulatory reform, and an ongoing debate about the fairness of the market for all participants. The repercussions of the GameStop saga are likely to shape future policy decisions and the evolution of the financial landscape. The GameStop short squeeze has set a precedent for the role of social media and online communities in shaping financial markets. As the internet continues to democratize access to information and level the playing field for investors, it is essential for regulators, policymakers, and market participants to adapt to these changes and ensure a fair and stable financial environment. In doing so, they will not only protect the interests of all market participants but also foster trust and confidence in the markets for years to come.
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by financialflagship
4
GME gap fillingGME didn't moon (from previous post), clearly. Really bad option chain setup for any real runs still. IV looking tragic still, but we all know the market will be taking that 2nd leg down soon so I can't see GME going up in the near term. GME is super illiquid still. Market is taking a turn down finally. My target is $17.5. Current I have ITM CCs between 17.5 - 20, looking to exit when they go OTM or before 5/15. Finally, hoping we see a pump into next earnings after this dip. Use the time to collect some additional capital from CCs, CSPs at bottom, etc.
NShort
by spearmintys
1