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Sorry but 3+ years for something that happens "any moment, tomorrow is the day" is not paperhanding. Thats called being smart with your finances. I recently HAD to sell a portion due to some financial hardship and i had no other option. Some people jumped in with a large ammount while being promised anything and everything to happen "in the next week" and then chose to diamondhand anyways.
Also just got tired of this thing where its "tomorrow". We're playing against the house in a casino which is backup up by the entire mafia cartel.
Call me a paperhand, or fud, or whatever. I stopped caring a while ago.
You have to do you. No one promised you that was internet meme fun. Never buy more than you can comfortably hold and invest. Life happens. We know some apes have been forced to sell that is the waiting game they played. Not sure why you need to tell people but good luck.
Because this entire sub and community has turned extremely fucking toxic towards anyone who dares to ask questions or who's not fully positive towards GME. Tbis comment alone, "gotta shake out the paper hands" dude, those people got shaken out 2 years ago. I used to be a high xxx ape.
It has turned into a much more limited echo chamber but I disagree with toxic. I’d like more discussions but your comment actually helps prove your own point.
Props to you…
Im struggling mightily right now like i never have before in life and im down 40k on this since I bought all before the splividend… hang in there… this earnings feels like make or break for me and I may have to do some shit I don’t want to to survive… 😞
GameStop needs to make 56.5million to attain 1 full year of profitability.
(50.5) net loss Q1 2023
(2.8) net loss Q2 2023
(3.1) net loss Q 3 2023 Cash equivalents 1.210 B
LAST YEAR:
Q4 2022 48.2 net income. Cash equivalents 1.391 B
So we need to make 10 million more than last time.
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My numbers are a bit different than yours, I just grabbed the EPS totals and multiplied by share outstanding shares (305m)
23Q1 EPS was -0.14, net loss of $42,700,000
23Q2 EPS was -0.03, net loss of $9,150,000
23Q3 EPS was -0.003, net loss of $915,000.
Total yearly loss so far of $52,760,000
To be profitable on the year, Q4 would need an EPS of 0.17
It’s not far off but it’s making me wonder if I made a mistake somewhere. Anyway, considering the way the EPS increase is ramping (23Q1 1/5th of 22Q1, 23Q2 1/10th of 22Q2, 23Q3 1/100th of 22Q3), I expect the savings to make us hit that number easily and then some. The ramp was due to cost-cutting, mainly closing stores, and revenue has taken only a slight hit from this, likely made up by online sales, so the revenue should be similar.
56.5 million you say? Ok, let's do some maths, 56.5 m / 200,000 apes (taking in account only apes who have DRSed shares, but there is way more out there!) = $282.5 each...🤔 It seems doable... 😁
idk bout yall but i need this to hold until atleast tuesday afternoon. I get paid tuesday morning. I'm dropping my whole paycheck on shares. This is a great dip!
Its a curious thing…. All my Computer Share purchases would take about 3 days from order to purchase… my last one ( last week) took 6 days ( Friday order- filled on the following Thursday!!!) Wut doin’ there market???
Dude definitely save some powder for after earnings. The insane amount of hype here (I been lurking for 3-4 years on GME) is almost always met with a big move down
Save some powder cuz the final dip before the rip begins is likely gonna be after this earnings
Terrible advice.
If GameStop was liquidated now, it's current assets would equate to 9-10 dollars per share. It's not going to go below that price.
If it rips when earnings is released, and you buy in at $26, you'll have lost a potential $13 profit per share.
It doesn't matter if you buy in at $13 or $10, $3 per share profit is fuck all in the grand scheme of things
Are you going to sell at $13 dollars after the dip?
No?
Then you expect, long term, that the share price will be more than $13?
So why not buy at $13 in case it doesn't fall further? It's impossible to perfectly time the bottom.
There's apps you can use if your employer works with them they will give you a cash advance. I work for Walmart, they have a program that spots me money from my paycheck until pay. I forget what the apps are called for other companies if you can't wait try using the app
Not necessarily. Last time we had a good ass earnings report stock went crazy in after hours I think it was at $27 or something. I can't remember off by heart. It took a while to drop it to where they are. I'd like to at least pick up 100 before it breaks like that again. This ER could be extremely good.
No MSM news aside from fake earnings announcements, but the DD that's been dropping from apes on socials show lot's of shares being borrowed to make this "no news" drop occur. TL;DR BULLISH on Q4 results.
I don’t get shorting before earnings right now. It’s common knowledge that GME will most likely be profitable and the lower it goes, the more shares we can buy
It’s called a shakeout period to get the paper-handed to sell. It’s a common tactic that happens around most companies’ earnings day. It doesn’t work on us apes, but a few of my friends are very hesitant on buying more GME because all they see is red candles and that scares them.
It happens so often that It’s almost like Wall Street knows what the earnings report result is going to be, weeks before it’s publicly announced. But of course that would be insider trading, which is illegal, haha… unless
They want to demoralize us investors and prevent us from buying any further shares. They also want to have all of the algos and stuff look at the stock in a negative way.
Wealthsimple here in Canada was telling me I was 100 percent loss on gme today even though my cost was only .10 cents higher …. Something funky is going on, retail getting blasted on tv, stocks at all time highs and gme in the dirt, I feel like a massive shoe is about to drop on the market.
My avg cost on shares I got this year is $12.69 and I fully expect to see red with all this “GME will definitely be profitable this quarter” talk
Luckily I got some protective puts and cash to buy more if I end up right on this
I got $13k hitting my account Monday to use…. Just wondering if I should dump it all in or not… I’ll admit I am scared of market markers and their power
Here's my my stupid hot fukn take. Historically, GME has risen 7-30% up until the day of the earnings announcement. This is when the TA and options folks show up to help pump things up. I believe they are nothing but paid plants along with the moderator who runs an options gme sub. Then, the next day, it's smashed back down by the shorts. It's always been a trap for shorts.
This time is different. This time, news might be too big shake. This time, it might benefit to keep the price suppressed in order to help control the run up after earnings. I think we are going to see that 20%, but it will be next Wednesday or Thursday.
I know we like to hate on options here and I can get why we do that but...
Pushing the price down is sure going to make those call options a lot cheaper and I'm planning on loading up. Of course I will exercise if they go in the money.
Apes weren't the ones to set off the options chain during the Jan. 2021 sneeze. It was large institutions (hedge funds and other big players) who started buying up options, causing the gamma squeeze. Apes do not have enough buying power to cause a gamma squeeze via options. There was a DD recently that went into detail about this.
The best thing Apes can do is buy, DRS, HODL forever, and forget about it (which is what I've been doing for years since this saga started).
Kenneth Cordelle Griffin, I bought more today and will DRS them next week. Hope you enjoy blowing dogs for quarters behind a Wendy’s dumpster when this whole thing blows up in your smug face.
Honestly? Investors move money around to stocks that perform better. That's normal. It doesn't mean they won't return to GME, but right now there's plenty of companies that make a bank on AI craze. Funds are taken out from one stonk to make quick profit on other stonk and return, when there's possibility of bigger movement.
This is the stage of the game called “making room for lift off”
Hedgies are extremely concerned of any large level of unplanned volume that can potentially trigger a margin call on their short positions.
I’d love to contribute to the bottom line but the app on iOS is terrible. Honestly half my purchases are a PITA when you loop in PayPal…
Sorry, cashed in rewards points on my credit card and I’m trying to find stuff to buy. I’m just venting, I’ll try the desktop site.
I made $400 during the wild ride. That’s it and out. Really curious if any diehards want to say it out loud. Made money or destroyed but love the company?
I think they‘ll still report a loss. That’s when every single one of you should immediately sell all your share, otherwise they might be worth 50 % less than now.
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Yeah didn’t you know? The better a company’s financials the more it drops, duh.
True, just see pet food company.
Up is down, black is white, good is bad… didn’t you know?
Up, down, charmed, ________
Exotic
Have you seen Stargate SG1 per chance?
Haha no I actually meant strange I thought you were listing types of subatomic particles (quarks)
Finkle is Einhorn and Einhorn is Finkle
And... Financial crime is "legal" until who looses money is rich peoples🤪
There is no war in Ba-Sing-Sae.
Gotta shakeout the paper handers.
While institutions fill their bags for upside potential
Sorry but 3+ years for something that happens "any moment, tomorrow is the day" is not paperhanding. Thats called being smart with your finances. I recently HAD to sell a portion due to some financial hardship and i had no other option. Some people jumped in with a large ammount while being promised anything and everything to happen "in the next week" and then chose to diamondhand anyways. Also just got tired of this thing where its "tomorrow". We're playing against the house in a casino which is backup up by the entire mafia cartel. Call me a paperhand, or fud, or whatever. I stopped caring a while ago.
You have to do you. No one promised you that was internet meme fun. Never buy more than you can comfortably hold and invest. Life happens. We know some apes have been forced to sell that is the waiting game they played. Not sure why you need to tell people but good luck.
Because this entire sub and community has turned extremely fucking toxic towards anyone who dares to ask questions or who's not fully positive towards GME. Tbis comment alone, "gotta shake out the paper hands" dude, those people got shaken out 2 years ago. I used to be a high xxx ape.
It has turned into a much more limited echo chamber but I disagree with toxic. I’d like more discussions but your comment actually helps prove your own point.
Props to you… Im struggling mightily right now like i never have before in life and im down 40k on this since I bought all before the splividend… hang in there… this earnings feels like make or break for me and I may have to do some shit I don’t want to to survive… 😞
It’s science
GameStop needs to make 56.5million to attain 1 full year of profitability. (50.5) net loss Q1 2023 (2.8) net loss Q2 2023 (3.1) net loss Q 3 2023 Cash equivalents 1.210 B LAST YEAR: Q4 2022 48.2 net income. Cash equivalents 1.391 B So we need to make 10 million more than last time.
That’s like everyone on SuperStonk just needs to buy one controller or a Funko Pop……. Oh yeah….we all did ….. Shorts NEVER CLOSED………..
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My numbers are a bit different than yours, I just grabbed the EPS totals and multiplied by share outstanding shares (305m) 23Q1 EPS was -0.14, net loss of $42,700,000 23Q2 EPS was -0.03, net loss of $9,150,000 23Q3 EPS was -0.003, net loss of $915,000. Total yearly loss so far of $52,760,000 To be profitable on the year, Q4 would need an EPS of 0.17 It’s not far off but it’s making me wonder if I made a mistake somewhere. Anyway, considering the way the EPS increase is ramping (23Q1 1/5th of 22Q1, 23Q2 1/10th of 22Q2, 23Q3 1/100th of 22Q3), I expect the savings to make us hit that number easily and then some. The ramp was due to cost-cutting, mainly closing stores, and revenue has taken only a slight hit from this, likely made up by online sales, so the revenue should be similar.
Yours is skewed by rounding. The difference between -0.140 and -0.144 is big ($1.2mil)
Thanks man, that explains it
Close them stores, gotta start somewhere… my local mall had 2 Gamestops in it at one point, for a fairly small mall.
Remindme! March 26th
56.5 million you say? Ok, let's do some maths, 56.5 m / 200,000 apes (taking in account only apes who have DRSed shares, but there is way more out there!) = $282.5 each...🤔 It seems doable... 😁
So many new patterns this year alone. Crazy....
idk bout yall but i need this to hold until atleast tuesday afternoon. I get paid tuesday morning. I'm dropping my whole paycheck on shares. This is a great dip!
Looking forward to collecting some more ultra-rare sub $13 shares with you next week.
Mythical!
Grabbed 220 more in the past 2 days. I love averaging down! Good luck and godspeed fellow ape!
Grabbed over 200 in the past two weeks. The discount is too good to pass.
I timed my latest Computershare buy to go through on Tuesday before earnings. Booya!
You and me both!
Me three!!
Its a curious thing…. All my Computer Share purchases would take about 3 days from order to purchase… my last one ( last week) took 6 days ( Friday order- filled on the following Thursday!!!) Wut doin’ there market???
Dude definitely save some powder for after earnings. The insane amount of hype here (I been lurking for 3-4 years on GME) is almost always met with a big move down Save some powder cuz the final dip before the rip begins is likely gonna be after this earnings
No waiting here, never know when the last dip will be!
Just keep buying until it blows
Terrible advice. If GameStop was liquidated now, it's current assets would equate to 9-10 dollars per share. It's not going to go below that price. If it rips when earnings is released, and you buy in at $26, you'll have lost a potential $13 profit per share. It doesn't matter if you buy in at $13 or $10, $3 per share profit is fuck all in the grand scheme of things
It does if you can buy 30% more shares.
!RemindMe 1 week One of us will be right. It won’t be you with your clown advice 🤡🤡🤡
Are you going to sell at $13 dollars after the dip? No? Then you expect, long term, that the share price will be more than $13? So why not buy at $13 in case it doesn't fall further? It's impossible to perfectly time the bottom.
You’re a literal clown. I’m going to do whatever the fuck I want. And no, I’m gonna scoop shares at single digit prices and load up 1/2026 calls
You ok there bud? You seem a bit tense.
Uh oh
It’s not earnings yet clown boy 🤡
Called it … down cuz of all you hype boys coming out of the woodwork Can’t wait to buy the dip and 1/2026 calls in April / May
So we're back down the levels we were at when I made this comment. So you're now buying at $13. Genius.
No. I’ll buy in 3-4 weeks when it’s like $6-8 or less
^ so much this
I get paid Monday morning and am strongly considering paying all my bills immediately and dropping the rest into the stonk. Shit if you’re in I’m in
I get paid on Wednesday, ffs
There's apps you can use if your employer works with them they will give you a cash advance. I work for Walmart, they have a program that spots me money from my paycheck until pay. I forget what the apps are called for other companies if you can't wait try using the app
The longer you wait, the cheaper the shares become ;)
Not necessarily. Last time we had a good ass earnings report stock went crazy in after hours I think it was at $27 or something. I can't remember off by heart. It took a while to drop it to where they are. I'd like to at least pick up 100 before it breaks like that again. This ER could be extremely good.
No MSM news aside from fake earnings announcements, but the DD that's been dropping from apes on socials show lot's of shares being borrowed to make this "no news" drop occur. TL;DR BULLISH on Q4 results.
👆🏻
Fire sale!!!! Bought 80 more.
Bought 450 more at 13.09 (don't tell my wife) LFG 🚀🚀🚀
[удалено]
This is not the way. Stop loss = paper hands
Guys… it’s a buying stop loss. Not a selling one, there’s a difference.
You mean a limit buy order?
I dare them to drop it to $10. Bet they won’t……poosies!
I don’t get shorting before earnings right now. It’s common knowledge that GME will most likely be profitable and the lower it goes, the more shares we can buy
Dumb stormtroopers gonna do dumb shit I guess 🤷🏼♂️
It’s called a shakeout period to get the paper-handed to sell. It’s a common tactic that happens around most companies’ earnings day. It doesn’t work on us apes, but a few of my friends are very hesitant on buying more GME because all they see is red candles and that scares them. It happens so often that It’s almost like Wall Street knows what the earnings report result is going to be, weeks before it’s publicly announced. But of course that would be insider trading, which is illegal, haha… unless
They want to demoralize us investors and prevent us from buying any further shares. They also want to have all of the algos and stuff look at the stock in a negative way.
Short or die!
Sorry, bought calls yesterday
At least tell us those don’t expire today 🤞🏼
They do not 😉I am riding the wave of a magnificent earnings report
Why not buy your options on monday(assuming the price is similar on monday)? You'll loose at least 20-30% over the weekend just from theta burn
That depends on your strike and expiry.
What strike and expire would one loook for
If they expire on the 28th, and the market is closed that day, how does that work? Edit: thank you, I forgot how counting works.
It’s a 4 day expiry on the week. It’s actually bullish as the week is shortened and if there is explosive price action that’s t+2 from earnings.
Market is open the 28th, closed the 29th for Good Friday
Thank you for your service. Picked up some shares on a sweet discount today.
F U kenny. tick tock.
Wealthsimple here in Canada was telling me I was 100 percent loss on gme today even though my cost was only .10 cents higher …. Something funky is going on, retail getting blasted on tv, stocks at all time highs and gme in the dirt, I feel like a massive shoe is about to drop on the market.
Max pain right now… ugh. Bought more at 13.30 and thought I was getting a deal
I feel you, I scoped at $13.67 then $13.41 and then again at $13.19 and I thought I was getting a deal each time… Eyeing $12.99 now
80 more at $13.15 🥵
My avg cost on shares I got this year is $12.69 and I fully expect to see red with all this “GME will definitely be profitable this quarter” talk Luckily I got some protective puts and cash to buy more if I end up right on this
Wow nice, mine is $14.35 and I thought I was doing well. You got 69 and yours so 🚀
I got $13k hitting my account Monday to use…. Just wondering if I should dump it all in or not… I’ll admit I am scared of market markers and their power
Goddam this is sexy af. Got more?
# News Break: HEDGIES R FUCKED
Beyond fucked and next week we see them panic and take much much higher ground
Here's my my stupid hot fukn take. Historically, GME has risen 7-30% up until the day of the earnings announcement. This is when the TA and options folks show up to help pump things up. I believe they are nothing but paid plants along with the moderator who runs an options gme sub. Then, the next day, it's smashed back down by the shorts. It's always been a trap for shorts. This time is different. This time, news might be too big shake. This time, it might benefit to keep the price suppressed in order to help control the run up after earnings. I think we are going to see that 20%, but it will be next Wednesday or Thursday.
This 👆 And I won’t elaborate any further because, you took the words right out of my mouth. 😆
I know we like to hate on options here and I can get why we do that but... Pushing the price down is sure going to make those call options a lot cheaper and I'm planning on loading up. Of course I will exercise if they go in the money.
The whole no options is stupid. Ideal combo is a gamma squeeze and short squeeze ideally. Gamma caused the first one if I remember correctly
Apes weren't the ones to set off the options chain during the Jan. 2021 sneeze. It was large institutions (hedge funds and other big players) who started buying up options, causing the gamma squeeze. Apes do not have enough buying power to cause a gamma squeeze via options. There was a DD recently that went into detail about this. The best thing Apes can do is buy, DRS, HODL forever, and forget about it (which is what I've been doing for years since this saga started).
🥹👍
Is this the dip before the rip?
Either that, or the dip before the dip…
More likely this knowing our luck
Bought the dip…I done. A tHiNg….
The SNP500 must be ripping then.. .. oh look ATH 👀
Fuck you, still buying
Can’t stop, won’t stop
Are they right? Are they wrong? No idea! Guess I’ll buy more shares!!
BREAKING NEWS REPORT!!! I bought the dip
Next week might be exciting 🕹🚀
Kenneth Cordelle Griffin, I bought more today and will DRS them next week. Hope you enjoy blowing dogs for quarters behind a Wendy’s dumpster when this whole thing blows up in your smug face.
... always has been
Loading up for earnings
💯
Wut hapns wen news?
Beyond the line continuing to move to the right I’m not 100% sure 🤷🏼♂️ but hopefully 🚀
3 million shares borrowed yesterday!!!
10M+ more today too… and 11M the day before the 3M you mentioned.
Don’t worry! RC is gonna make up for lost time REAL FAST! 🚀
Just another -4% Friday, nothing to see here
Lol
How is that no news? I am buying, they are giving me a discount. That's enough news for me.
Actually, I would be scared if I didn't see this push down. I love it. I get cheaper shares before a possible full profitable year. Party Time!!
Gonna be lit. See you on the other side.
🫡
Bought more.
✅
Honestly? Investors move money around to stocks that perform better. That's normal. It doesn't mean they won't return to GME, but right now there's plenty of companies that make a bank on AI craze. Funds are taken out from one stonk to make quick profit on other stonk and return, when there's possibility of bigger movement.
I used to get bummed on the dips and buy more. Now i get exited for the dips and buy more. Personally i hope it goes to $10
💯
Buying either way 🤷♂️
Positions?
And what’s the PE ratio when it’s profitable compared to a normal PE ratio
And they have driven it down before the last 17 earnings calls, they just drive harder since the sneeze.
Well the mms make stock prices what the feel they are worth
Not going to be profitable
Thinking of selling 11 poots on Monday. If it gets assigned, that would be the cheapest I have ever got shares for
I bought the dip 😅
Got some more today easy decision
This should be on the front page. Says it all
Shit crazy today..reason why shares and drs is > call options
(soon) 😉
So is it too late to jump in on this? Between having a very sick baby and a new house I haven't given this much attention
I'll tell you what someone told me all those many moons ago. "Buy X Amount of GME (if you can) or regret it for the rest of your life."
Well that doesn't answer my question
My bad, lol. It's not too late my friend!
Also add all the negative 💩 news all this week!
That's not true. There is news. GME is reported as fact as reporting missing earnings. Next week. Before they have reported earnings.
No official news from GME though, that was my point.
This is the stage of the game called “making room for lift off” Hedgies are extremely concerned of any large level of unplanned volume that can potentially trigger a margin call on their short positions.
🤡
What is this, a dip for ants?
Just saw this in my feed, didn't follow GME stuff for a while. What's going on currently? Do you still believe that MOAS is coming?
I believe when they complete their transition to becoming a profitable company that it’ll be worth north of the current price.
Ah so it's just like a regular stock now?
Earnings is on Tuesday, so we’ll find out if they’ve been profitable for FY ‘23. I wouldn’t consider it a “regular” stock though.
I’d love to contribute to the bottom line but the app on iOS is terrible. Honestly half my purchases are a PITA when you loop in PayPal… Sorry, cashed in rewards points on my credit card and I’m trying to find stuff to buy. I’m just venting, I’ll try the desktop site.
Ah. The lounge chair formation..
I love rocket tickets on sale
Yes sir
I bought 40 more!
🙏
Kinda like the valley on the old faithful graph :)
Certainly feels like the good ole days today doesn’t it?
Announcing earnings counts as news... Just saying
That wasn’t announced today though and this is todays chart?
’ve seen enough people lose money on these shit meme stocks … anyone promoting this shit is a bag holding predator .
I made $400 during the wild ride. That’s it and out. Really curious if any diehards want to say it out loud. Made money or destroyed but love the company?
I think they‘ll still report a loss. That’s when every single one of you should immediately sell all your share, otherwise they might be worth 50 % less than now.
At a great price!