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.
Perhaps it will turn positive tomorrow on opening!
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
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
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.....
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! 🤔👹
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)."
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.
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.
Stock is up 3% after bestbuy earning results and lots rumors about selling the company to them!Also moving average from April to May had upside and they have a good chance to beat however I am still sure what to do with this! Any thoughts?
GME goes from 24.05 to 23.50 after hours on volume of ONE(1) share?
Love the drop after hours! Watch it creep way up over the next couple of weeks.
My bad .12 beat and I doubled down
It was a solid beat so if it tanks it's for some other reason
3 Great reasons To disregard Motley Fools Joe T's. sponsored post:
1. Joey sites "comparable store sales declined 11% in 2016" . He chooses to omit the rapidly growing Tech brands stores that carry much higher gross margins. 2. Joey cites "console company's push towards digital distribution". No mention of Sony's failed attempt in 2015 to push a similar to MSFT's paid subscription service. Also MSFT doesn't have titles from most popular developers EA and Activision. 3. "The dividend could prove to be unsustainable". Lets see...$300 million free cash flow in 2017, minus $155mm for the dividend, leaves a cushion of $145mm. I expect to see more articles like this leading up to earnings from sites that give unqualified hacks the opportunity to influence investment decisions. They don't offer anything new as far as news goes, but they do need to keep their sponsors happy.
This will nose dive deep after market opens and people panic sell. It will have a new 52 week low. Guidance was big on this ER but they #$%$ and didnt have one. Plus they disappointed investors. I video game chain promising a growth of collectibles. What a joke.