S&P 500 ^GSPC 5,304.72 +0.70%
Tesla TSLA $179.24 +3.17%
Meta META $478.22 +2.67%
Nvidia NVDA $1,064.69 +2.57%
Apple AAPL $189.98 +1.66%
Microsoft MSFT $430.16 +0.74%
Alphabet GOOG $176.33 +0.73%
Amazon AMZN $180.75 -0.17%

GameStop $GME+3.7%

Hello investors, yesterday $GME+3.7% reported its results.

Results :

Revenue : $1.24 billion, expected : $1.34 billion

Earnings per share : -$0.14, expected : -$0.17

$19.00 $0.68 +3.71%

In addition, the Board of Directors also elected Ryan Cohen as Executive Chairman, effective immediately. The Board of Directors additionally appointed Mark Robinson as GameStop's Chief Executive Officer and Chief Operating Officer.

I wouldn't buy shares of this company, but the history and overall development of this company is interesting.

If anyone is more interested in this company and would like to know the history and evolution of the company, I would recommend the documentary on GameStop : Eat The Rich: The Gamestop Saga.

How do you feel about this company and what is your opinion of it ?

I've seen a documentary on Netflix with this company (I don't remember the name so I don't know if that's it), but I wouldn't go for it either, although maybe the gaming industry like $ATVI+0.1% or $EA+0.5% might not be bad. But the documentary was about a demonstration of price manipulation so that seems risky to me.

I agree, I rather like $ATVI+0.1%. I mean, speaking of the documentary, I was going to message you on instagram, but I guess I can message you here. I've already watched most of the documentary, it's interesting how it all went down and what other people were doing and how it was all connected. Of course I'll have to watch it again to understand it all better, as sometimes I didn't understand something 😁

So I've now watched up to the 3rd mini-series, which was more focused on RobinHood. Anyway, to be honest, I'm still confused about it too. I'm wondering whether to create a separate discussion for it here but then again, I don't want to ask the wrong questions or anything and be a complete dumbass when I've been around for a year and should know something. Now if I go to the $GME+3.7% and the series about it. It starts with the fact that the company is declining, by the fact that simply that the gaming industry is changing and brick and mortar branches with gaming content on cd,dvd is no longer in vogue. The price is dropping. Hedge fund comes in, funds that are risk taking and usually their goal is to look for bad companies and make a short on the crash. As stated in the document, we "borrow" the stock for $10 and then give it back to them, but for $8. I understand what a short is, but here's the first question, how do we borrow? ... Well then something happened that we still see today and even as Musk was there to see and get involved towards the end, we saw it in the crypt era too ...growth through popularization. Just gradual influencers started doing advertising and spreading the buying until it just ballooned and as is also understandable when everybody is just buying furiously, the price goes up even though as they said there as well, the numbers don't match it and the company is declining. But then came what I still can't explain and understand, how, who? ...that the brokers, or even as is further explained, for example with that RobinHood. (They are just tvz sellers of retail orders market makers, and they are making money out of it) So then they suddenly stopped the possibility of more buy orders and the price started to fall sharply as there was no more buying.

So to sum up, the principle is sort of easy and common in the markets, just hype and when something is talked about and bought a lot, the price goes up. Questions though, how come then someone stops the buy option all at once, or can they sell as well? Also, short squeeze? - this is the first time I've heard this term, I need to read up on it, but I'd rather have it explained by someone who fully understands it. So far, I can only tell from a brief reading that it is used to describe when a heavily shorted stock or commodity moves sharper, thus encouraging more short sellers to close out their short positions and increasing pressure on the stock.

Well, sorry for the text overload but this is definitely for a separate topic because there are situations that would like to understand better so that the classic retail can recognize when it is market manipulation 😊.

An interesting company for its story, not so much for investment...

Exactly, it's an interesting company, but I certainly wouldn't buy its shares.

The results were worse, the stock reacted appropriately. It is down more than 17%. This company is almost bankrupt and its stock is pure speculation.

I agree, I also think they're a tiny bit close to bankruptcy. But it's interesting to see 🙂

The documentary was enough for me, I don't want anything more with the company 😄

I have the same, I also only needed to look at the documentary and a few articles, but I don't think I need more😁

I'll look at the results out of curiosity, but investment-wise it's not for me.

My approach is the same. I also just look and occasionally watch the share price, but I certainly wouldn't buy shares of this company.