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Showing 1 to 15 of 27 entries
SELL ON STRENGTH
The poster child of the meme names. Tradable. It could be worth 30% of what it trades at. Bearish on it. It could bounce with the right conditions. Very interesting to see Robinhood reported earnings, with significant drop off in volumes. A lot more downside.
specialty stores
DON'T BUY
Analysts estimate it will be in the $75 range 1 year from now. Uncertain revenues and long term speculative assets. Could trade it but don't want to own it now. To want to own it he would need the stock to be in the $20-$30 range. Right now hard avoid for him.
specialty stores
DON'T BUY
The Reddit stocks plunged today Today is a test. The Reditters are bright people who have added a lot to the conversation in trading. But some Redditers believe that if you keep holding, a stock won't go lower. But stocks can and you can get hurt.
specialty stores
DON'T BUY
It reports Wednesday. We still haven't heard a turnaround plan. The meme traders have run out of power.
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COMMENT
Is down 8% after hours after posting earnings after today's closing bell. There are very few companies this like. Today's conference call (only 6 minutes) has nothing to do with fundamentals or earnings. Shareholders weren't up in arms with the short call. It's crazy.
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COMMENT
Released earnings after the bell today It's less about the earning but its outrageous lows and highs over the past year. There's still a decent short position on this stock. GME isn't trading off earnings but momentum, typical of these meme stocks.
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COMMENT
Back in January he called to take profits in GS. Some admonished him for this, but it pays to be prudent, not greedy. Less than a month later, GS swiftly fell below $40. Given his call, he is hated on the Reddit short-selling forum who considered selling GS a sin.
specialty stores
DON'T BUY

It doesn't have much going for it as a business. In contrast, TTWO just delivered a strong quarter based on selling videogames direct to customers online and cutting out the brick-and-mortar middleman which is GameStop. Doesn't matter, because there bulls who want to push this stock higher; they are the so-called meme traders. With more stimulus cheques, though, these bulls will eventually run out of firepower.

specialty stores
COMMENT

Is up 3268% in the past year, 772% YTD and 6% today. And yet the company rewarded their CEO Sherman by ousting the him. True, this move had to do with activist investor Ryan Cohen instead who'll be chairman; he plans to digitize this brick and mortar company, but details? What is he planning? It's vague, though younger investors have faith in him. He suggests he turns their 5,000 stores into Bitcoin banks then set up e-gaming palaces in shopping malls where winners are paid in cryptos. Mind you, a recent report from Goldman Sachs notes that younger retail investors are trading less sharply from August 2020.

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BUY
They just delivered their first post-Reddit quarterly. Great report, but it got killed today. Problem was the shares were already way up and management is very cagey, offering no full-year guidance. Chewy's ex-CEO joining the GME board has pumped up hopes. EPS missed by a penny, but e-commerce sales shot up 175% YOY to account for one-third of overall sales. Meanwhile, costs are down substantially YOY. Management did offers some plans, like a new COO and VPs to modernize e-commerce, bringing in the right people. He now feels there's a real chance for GME to turn around. But he won't touch the stock at three digits.
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COMMENT

The co-founder of CHWY-N bought 13% and joined the board to transform GME into a digital business. But how will he transform 5,000 shops into a digital business? They report Tuesday; he presumes we will see this plan then. He can't see this stock rising beyond current levels, though a good plan that incorporates e-sports and cryptos could attract more buyers. But if these bulls don't get what they want, GME can turn ugly fast.

specialty stores
DON'T BUY
He's avoiding any exposure to the area. Entertaining, but scary. It's a positive that there's more general interest in investing, traditionally an exclusive domain. The kind of manias that we've been seeing are scary. The question is what's the end game? Eventually it will turn the other way. Very tricky.
specialty stores
SELL
Sure, the Reddit short squeeze has propelled this stock, but that doesn't matter until you sell it. The squeezers has already beaten the fat cats. If you don't sell, then you'll be left holding the bag. He sees a bad outcome. GME itself is in long-term secular decline, because people are downloading games and not going to their shops to get new games. (Maybe GME itself can pivot to, say, esports.) Don't be greedy. The short squeeze trade is over.
specialty stores
DON'T BUY
Allan Tong’s Discover Picks On Friday, Gamestop stock rocketed 51%, but on Monday morning this week, they soared another 130%. The tsunami was triggered by short-seller Citron predicting that shares will plunge to $20 who then clashed with a Reddit group to unleash a massive short squeeze. This forces shortsellers to buy in order to stall bigger losses. The result: a massive spike. I'm no technical analyst, but this is crazy. Read Hit and Misses: 5 Tempting Tech Stocks for our full analysis.
specialty stores
COMMENT
A company that is similar to the story of Blockbuster video. This was due to a massive squeeze against the shorts that have driven up the price. This is another sign of speculation and froth in the markets.
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Showing 1 to 15 of 27 entries

GameStop Corp.(GME-N) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 5

Total Signals / Votes : 5

Stockchase rating for GameStop Corp. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

GameStop Corp.(GME-N) Frequently Asked Questions

What is GameStop Corp. stock symbol?

GameStop Corp. is a American stock, trading under the symbol GME-N on the New York Stock Exchange (GME). It is usually referred to as NYSE:GME or GME-N

Is GameStop Corp. a buy or a sell?

In the last year, 5 stock analysts published opinions about GME-N. 0 analysts recommended to BUY the stock. 5 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for GameStop Corp..

Is GameStop Corp. a good investment or a top pick?

GameStop Corp. was recommended as a Top Pick by on . Read the latest stock experts ratings for GameStop Corp..

Why is GameStop Corp. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is GameStop Corp. worth watching?

5 stock analysts on Stockchase covered GameStop Corp. In the last year. It is a trending stock that is worth watching.

What is GameStop Corp. stock price?

On 2022-05-20, GameStop Corp. (GME-N) stock closed at a price of $95.66.