Weren’t there supposed to be massive moves the past two Fridays? The company itself is worth way less, no offense to Dodds. There was an article saying that they thought the earnings report would be bad because they had announced that holiday sales weren’t good. Honestly, with virtually everyone (the main retailers like Amazon and Target) having really good holidays, anything less than a solid beat on already well lower than prior year’s numbers would be a really bad sign. If you can’t trounce when your main product (consoles along with games for it) was sold out all over Q4 then the “turn around” is all based on fluffy hope. I’m sure the longs will take any change in direction as hopefulness but they are years behind and don’t have a differentiator. When you can walk into a Target, Walmart or online from a dozen places and order everything you can at GameStop, that doesn’t fill me with joy as an investor. It is starting to remind me of CYDY. Hey our numbers sucked but there’s another 10 indications to try.
I’m not advocating anything short term as I have 0 at stake, but long term, you couldn’t get me to buy the stock at all, let alone at $200 based on the current market cap.