Ignore the market makers after hours games. GME beat on revs and earnings. Reiterated their F2017 guidance of $3.10-$3.40. Stock should trade higher tomorrow.
Added at $21.32 today. I love that price.
Perhaps it will turn positive tomorrow on opening!
GME still has positive cash flow of about $300 million every year. It is not like the company is going to go bankrupt. Ridiculous. JMO
Anything under $22 is a solid buy IMO. low risk with nice upside the rest of the year. Switch and the 8 will be key drivers. The conference call was solid. Still has great cash flow. International comps up 17%. Valuation is very low. Great div of 6%+. I see this as a way to play the i8 and the switch Super cycle at a low risk, low valuation, high dividend, low priced stock play. I see this up 15-25% by year end. Plus a nice fat dividend. Now is the time to get in before the rest of the market figures it out. As I type, the market seems to be already doing that.
Short sellers are trying to manipulate after hours quotes. The GME is a bargain. I should be closer to $30 not $20. JMO
No worries hardware up 24% beat overall blowout quarter.. 24mil shows shares sweating tonight.. open +$25 close 27-28 range
Stockargus will not be buying at "$20.30 tomorrow", just as TwoPercent/common/no1care/ etc didn't see $15. But we are happy to have him here nonetheless.
Loop Capital 1 hour ago: "At first glance, we were encouraged by GMe's better than expected F1Q 2017 results, which were driven by robust sales of the recently introduced Nintendo Switch. We believe the Switch'w early success counters the secular "digital disintermediation" bear argument surrounding GME, particularly given the fact Nintendo has historically deemphasized digital downloads (the Switch has a relatively paltry 32GB hard drive)."
The whisper was .49 and 1.89 sales actual .58 and +2.0 sales bottom is in the sale on GME is over shorts have to decide tomorrow cover at $24, 24, 26 longs just have to sit back and relax.. Beat sales and earnings great quarter..
Digital is hurting GameStop, but console sales especially the switch are exploding, short term I see upside to GameStop. Long term, maybe not so much
Gme has been always highly correlated with NPD monthly gaming sales report. If u add up Feb to Apr, 2017 Hardware, Console Software, and Accessories, u get 7% YOY growth. Very high chance GME will beat this quarter. Bught Jun 2 24 calls for 55c. I'll see tomorrow action to determine if need to add more.....
Mizuho Securities maintains Buy on GameStop (NYSE: GME) price target of $27.00.
Analyst San Phan says stronger upside potential exists now that the he believes "heavy demand will persist over the next year". He tells clients Friday morning that Nintendo Switch allocations to GameStop will likely increase given the company's ability to upwards of six pieces of software and accesories to the product which is nearly twice the amount the rest of the industry can attach according to a research note.
FY 2017 EPS estimate remains at $3.35 and FY 2018 EPS estimate remains at $3.50.
For an analyst ratings summary and ratings history on GameStop click here. For more ratings news on GameStop click here.
Shares of GameStop closed at $23.62 yesterday.
LOL, only 120K shares in pre- market trading. Shorts must be so desperate and fearful. GME is not Radio Shack. JMO
Isn't it cute how Skippy has nothing better to do than post nonsense about an investor who is actually making money here? Whether you agree with Jedd or not I have checked his posts against the dates he bought shares, and he is up. On the contrary Skippy exists solely to bash him. Its kind of creepy, yet humorous at the same time as his obsession drives him. It will be a shame if Gamestops earnings are Ok as all his work will be a reminder of his pathetic existence.
Whats happening? Seesawing between + to - AH! 🤔👹
Seriously, would you want to be short at $22.00 the earning are out shorts were hoping for a miss to cover $15-$19 now bottom is $21-$22. 24 million shares short cover now 1t $22 or $25+ next week..
Love the drop after hours! Watch it creep way up over the next couple of weeks.
Just bought 100 May $20 Puts at .19. What a deal. Volatility is huge.
Investors in Gamestop Corporation GME need to pay close attention to the stock based on moves in the options market lately. That is because the May 26th 2017 $20 Put had some of the highest implied volatility of all equity options today.
I'd like to buy in at a new 52 week low. Under $20 would be an excellent opp.