Fair. But it’s the opposite direction from where many predicted 6/9 would lead it. I’ve only got 2 shares so I’m more of a voyeur here and whenever happens changes little for me.Jesus. I assumed it broke back through $200 or something. 12% ain't much, given where it is.
(easy to say when you didn't buy where it was).
They should have scheduled the meeting for 4:20 and things would have gone totally different.Fair. But it’s the opposite direction from where many predicted 6/9 would lead it. I’ve only got 2 shares so I’m more of a voyeur here and whenever happens changes little for me.
According to this article, it seems like potential multiple up to 5M share offerings, so about 7% dilution every so often when they feel like it:Thanks for this. The audit firm vote also noted 54M votes cast. We also had CEO/CFO announced, potential 5M share offering, and earnings beat (but still negative). Lots to digest...
They beat top line expectations. That's always a good start. YoY rev growth of 25% is good, but that prior year number is heart of pandemic. I was curious how it compares to the same quarter previous years.Thanks for this. The audit firm vote also noted 54M votes cast. We also had CEO/CFO announced, potential 5M share offering, and earnings beat (but still negative). Lots to digest...
They are almost certainly looking into collusion on the part of pumpers. It probably won't amount to anything. The hodlers are predictably spinning this to mean evil shorts are being investigated. I think you are right that shares will rebound to 300 at some point.What is the SEC looking for? From Gamestop: "the retailer said it received a request from the Securities and Exchange Commission on May 26 for a "voluntary production of documents" linked to an ongoing investigation concerning "trading activity".
"We are in the process of reviewing the request and producing the requested documents and intend to cooperate fully with the SEC Staff regarding this matter," GameStop said. "This inquiry is not expected to adversely impact us."
It would be financial malpractice NOT to.According to this article, it seems like potential multiple up to 5M share offerings, so about 7% dilution every so often when they feel like it:
https://www.investors.com/news/gme-stock-gamestop-earnings-q1-2021/?src=A00220
The company also said it may sell up to 5 million shares from time to time, in "at-the-market" offerings.
That is the definition of insanity when it comes to investing. Secondary offerings for stocks that just went public is very common, but well established companies that aren’t issuing stock for acquisitions, is typically not a good thing. When an established company is making money, you want them to buy back shares not dilute. GME is definitely not an IPO company.I almost picked up some GME AH shares in the 260s. I think it rebounds to 300 quickly with plenty of gamma squeezing to do. The pattern with the stonks has been dipping on share issue announcements and ripping once they are done.
Oh, I agree. They know the price is ridiculous and the best part is retail investors are actually handling over their money out of the goodness of their hearts, bless them.It would be financial malpractice NOT to.
Also, more importantly, two new consoles were introduced in Q4. That has way more to do with the growth than the business doing well. Due to the sell outs, people were buying consoles from anywhere they had them and that very likely rolled over into Q1.They beat top line expectations. That's always a good start. YoY rev growth of 25% is good, but that prior year number is heart of pandemic. I was curious how it compares to the same quarter previous years.
'21 - $1.28B
'20 - $1.02B
'19 - $1.54B
'18 - $1.78B
'17 - $2.04B
Less encouraging.
Did anybody listen to the call? Anything they emphasized about business performance to feel good about?
https://finance.yahoo.com/news/u-sec-chair-signals-sweeping-170716701.htmlWhat is the SEC looking for? From Gamestop: "the retailer said it received a request from the Securities and Exchange Commission on May 26 for a "voluntary production of documents" linked to an ongoing investigation concerning "trading activity".
"We are in the process of reviewing the request and producing the requested documents and intend to cooperate fully with the SEC Staff regarding this matter," GameStop said. "This inquiry is not expected to adversely impact us."
Yea let me know if you see something different.Thanks. Will try to take a look later.
Q4 is always the biggest quarter for them, new consoles or not. But yeah.Also, more importantly, two new consoles were introduced in Q4. That has way more to do with the growth than the business doing well. Due to the sell outs, people were buying consoles from anywhere they had them and that very likely rolled over into Q1.
Q3 revenue was about $1B, Q4 was over $2B and Q1 was $1.28B. The release of new consoles in Q4 was the only positive impact.
I did love how Ryan Cohen basically said that they don’t want to give away any secret plans they’re hatching up. Easy way to not say anything about the future that could ding the stock while they try to suck as much out of their stock offerings as they can.
It's really only back to its SPAC deal value. Still, not sure how much is being driven by the WSBs crew....may shed some to buy back cheaper if it has another day like this.I am liking it, will continue to hold my 5% dividend yield on original purchase though. Just wish I had had more funds to buy more shares a month or so back.UWMC...Whoa.
I got a buddy we nicknamed “almost”. Classic on the stock group text we got. “I almost grabbed 20 shares of…”I almost picked up some GME AH shares…
I got greedy, thinking it might get down to 250. Oh well.I got a buddy we nicknamed “almost”. Classic on the stock group text we got. “I almost grabbed 20 shares of…”
I love the emotional/meme argument backed up by the illusion of real business acumen.I remain extremely bullish. I already have a zillion shares so I will not be buying more.
Love the CEO and CFO hires.
Love that they smashed all the estimates and are predicting May up 27% year over year as well.
The apes own the float despite what is being said. The laws are written that really handcuff announcing more votes than the float (if the company wants to proceed as a company - ie announce Ryan Cohen as the chairman and announce their CEO/CFO). There is a lot written about it on Reddit.
The media can keep saying there is no plan to turn this company around, but Ryan Cohen continues to get top notch talent for stock compensation only. I am guessing these hires have heard the plan. At Chewy, Ryan never announced a plan either, but his team executed his vision. I expect the same strategy at GameStop.
I still expect the MOASS, but if it never comes, I am content in watching what this dream team builds. Ryan Cohen owns 9 million shares and is drawing no salary. I think he will be highly motivated to return shareholder value.
On 3/30/20, this stock traded at $2.80. It is up 10,000% in 15 months. I can give Ryan another 15 months to reassess my investment.
Diamond hands forged in the process. I like the stock.
I love my bank account that keeps growing with this so called meme stock.I love the emotional/meme argument backed up by the illusion of real business acumen.
How come you haven't mentioned those laws for the last several weeks, as you told us repeatedly that there were all kinds of shenanigans that would be exposed today? Followup: how is this any different for that Qanon bilgewater?The apes own the float despite what is being said. The laws are written that really handcuff announcing more votes than the float
I’m so tempted to sell some Amazon and buy some GME and AMC and end this insanity once and for all.I would never bet against it because it’s a lot of money pushing on the door, between true believers, FOMO folks who don’t really get it and non-believers who get it but are happy to make money.
On the carefully worded statement, I was thinking about the same thing. More than the majority means 50.1% not 400% or whatever crazy numbers you hear about. Reminds me of the last earnings call where they tried to mask the real overall revenue decline (even with two new consoles) using same store sales being up because the had closed so many stores.
Umm yeah thanks Chet, most of these OTC stocks go to zero you know.Thinning about 10% of my HGEN on this pop today. I think I'll be able to add that back later around $20. If not, the other 90% can roll on. Big kudos to @chet for drawing opposition out to pimp HGEN in the cydy thread.
I just can’t understand why you and other GME conspirators aren’t just happy embracing this price action without attaching all of the other nonsense to it.I love my bank account that keeps growing with this so called meme stock.
No I get it, you have done well. So have I on a small scale.I love my bank account that keeps growing with this so called meme stock.
MEME - Making Everyone Money Easily.
Just Buy and Hold and let the business acumen of Ryan Cohen do the rest.
Exactly.I just can’t understand why you and other GME conspirators aren’t just happy embracing this price action without attaching all of the other nonsense to it.
If you don’t attach nonsense to it, then the scheme doesn’t work. At some point fundamentals will come back and there will be bag holders but you can’t have these types of price actions when short volume isn’t close to what it was in January. The only way you get this price action is to draw in tons of people who need a reason to feel like they are part of the greater good.I just can’t understand why you and other GME conspirators aren’t just happy embracing this price action without attaching all of the other nonsense to it.
Massive share recall! (Oops, that’s not how that works). No, wait, they bought a defunct toy store - you can tell from this webpage symbol! (no, wait, that symbol is on many unrelated webpages.) They’re going to expose more votes than shares even though that makes zero logistical sense! (no, wait, there’s some laws all of a sudden I never mentioned before or something).
ICE CREAM CONE!!!
The gamma squeeze is a con. The short % is in the 15-20% of shares range and that’s been reported tons of times recently. That’s not a huge amount considering how high the stock price is compared to where analysts think it should be.So 55 million votes isn't more than 70 million shares...but it still doesn't rule out over shorting. We know some institutions didn't vote, some retail couldn't vote, and some retail just didn't vote. I mean for presidential elections only half the country votes? So I do still think retail still owns the float.
I am worried about the changing goalposts though and the fact that they mentioned selling more shares. If this gets into $300 again I may sell 1/2 of my free roll.
And they’re doing it “at the market” which likely means there’s no institutional interest in any offering because institutions don’t typically invest in secondary offerings from declining companies.I am worried about the changing goalposts though and the fact that they mentioned selling more shares. If this gets into $300 again I may sell 1/2 of my free roll.
There’s no institution buying at $300 a share. The retail investor (not all) will be the big losers in this game. The early adopter “retail” investors that pushed the meme stocks will make out like bandits and the institutional holders that already had skin in the game will as well. Some of those whales (like on AMC) have already bailed so the huge volume from retail investors is driving the prices and filling the dilution orders. It’s truly incredible that they don’t see it happening. Again, that’s what the nonsense is for and it’s working.And they’re doing it “at the market” which likely means there’s no institutional interest in any offering because institutions don’t typically invest in secondary offerings from declining companies.
Gamma squeeze is about the options market though, right? Pushing far out of money options into the money to force covering, which is more buying pressure to the next level.The gamma squeeze is a con. The short % is in the 15-20% of shares range and that’s been reported tons of times recently.
Love that stock “long” term. I would look to buy or add on weakness. They are lagging this year. They probably will lag next year. But we are not thinking about the second half of 2021 or even 2022 with this stock. We are thinking 5-7-10 years out. They are content kings.@Todemstill a fan of NFLX at these prices?
I think so. I think the idea, which might be considered manipulation, was that if you could get enough people to push the price up that it could trigger call options to hit. The fuzzier part was that I think there was this synthetic share topic floating around that meant that those call triggers would force people with synthetic/naked options would be forced to buy shares to fulfill the options and that it would spin the shares up and up.Gamma squeeze is about the options market though, right? Pushing far out of money options into the money to force covering, which is more buying pressure to the next level.
I know the stonks aren't worth 300/50, but my read is that they are still capable of popping from 3 things: gamma, short squeeze, and FOMO buying. However, I agree that those wells seem to be drying up. There's too much distraction going to things like CLOV.
Very long-term, I do really like Gamestop's potential with this management team and the amount of cash they will have on hand. I'll keep it on my watch list even after I sell.
Pretty sure I was just told recently that institutions own >>>> 100% of outstanding shares, no matter what reporting on the matter says. So who REALLY owns it?So 55 million votes isn't more than 70 million shares...but it still doesn't rule out over shorting. We know some institutions didn't vote, some retail couldn't vote, and some retail just didn't vote. I mean for presidential elections only half the country votes? So I do still think retail still owns the float.
I am worried about the changing goalposts though and the fact that they mentioned selling more shares. If this gets into $300 again I may sell 1/2 of my free roll.
Why is it over. What did I miss? Too many posts to cover.Would be great if people could take their profits here and walk home winners. I agree that a day of reckoning is coming but definitely your money.
There was a lot of pure fantasy involved here. Didn't mean that money didn't get made but definitely not in the way it was described.
Was it over when the Germans bombed Pearl Harbor?!?!??Why is it over. What did I miss? Too many posts to cover.
It should probably have its own thread at this pointWhy is it over. What did I miss? Too many posts to cover.
There's also an article out that they're expanding to Chile. And look at this chart from that BofA upgrade you posted showing Shopee growth in Brazil.https://seekingalpha.com/news/3704942-sea-upgraded-at-bofa-on-shopee-free-fall-strength?utm_source=mystocksportfolio.app&utm_medium=referral
Bank of America upgrades SE to buy with target price of $340. Yes, please. That would be a 350% growth for my investment.
It's not necessarily. Just another, "this is going to be the major catalyst that takes it to $1k/sh or more" moment that didn't pan out.Why is it over. What did I miss? Too many posts to cover.