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GAMESTOP CORP

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GS2C trade ideas

Adding to GME long position and trailing stops Trailing up stops on my lower entries on GME and adding to my long positions now quite tight stops are available on new entries. Been accumulating long positions on GME with trailing stops since around 80. After we hit my long term short area. GME may be in a move similar to the range after the 200% one day increase after the first big GME crash to 50 and be soon heading into another strong move up to over 300. We might also be at the end of a bull trap. Caution is needed now. Good buy trade so long as stop is well placed. GME can still trade under 50 if it downtrends further.
NYSE:GMELong
by holeyprofit
Buckle Up ButtercupI have been following GME forever. I have even gone to that little movie that was created to show my dedication. I have GameStop merchandise and clothing. I love this company. Lately things have been feeling different than usual, I still expect time to do its duty, as well as catalysts to potentially increase our duration at these levels as well. Soon however, GME will be more than a stock. Soon I expect large green bars. Soon. Buy. Hold. DRS. Want a choccy milky from the gas station to fill ur tum tum with num nums?! NO!!!! Because save $$ -> BUY -> HOLD -> DRS I LOVE YOU ALL GOODNIGHT (NFA)
NYSE:GMELong
by Trexarch
1
What does GameStop’s share split mean for the short squeeze?2022 is looking like a year of stock splits as companies seek to make their shares more appealing for retail investors. Following Alphabet (NASDAQ: GOOGL), Amazon's (NASDAQ: AMZN) and Tesla's (NASDAQ:TSLA) recent split announcements, GameStop (NYSE:GME) followed suit, hinting at plans for its first stock split in 15 years. The American video game retailer, which has become a favorite “meme stock” among retail investors, disclosed in an SEC filing during aftermarket hours on Thursday that it plans to implement a stock split of its class A shares in the form of a stock dividend. GameStop said it plans to boost its share count to 1 billion from 300 million, indicating that it would carry out a three-for-1 stock split, giving existing shareholders two more shares for every share they hold in the company. The plan is still subject to shareholder approval at the company’s annual meeting. The company’s stock, which surged to its 2022 peak of $189.59 on March 28, jumped 15% in premarket trading on Friday following the news before paring gains to close 0.8% lower on the New York Stock Exchange. Compared with Apple and Amazon, whose share prices have hovered around $3,000 in recent months, and Tesla’s stock price that closed at over $1,000 on Friday, GameStop’s stock is relatively more affordable for mom-and-pop investors and those that are riding on a new investment trend that has become popular during the COVID-19 pandemic. GameStop to the moon GameStop is among the most favorite meme stocks on Reddit forums like the wildly popular subreddit WallStreetBets where users discuss the next stock to pump up. Investors piled into GameStop’s stock in January 2021, sending its shares skyrocketing 400% week on week on Jan. 29, 2021, to an all-time high of $325. This caused a short squeeze in GameStop stocks in a blow to short sellers that collectively lost about $13 billion, according to estimates by financial analytics firm S3 Partners. Market watchers also attributed the spike in GameStop’s shares to hedge funds that made substantial profits from the short squeeze. GameStop’s stock has since fallen 49% since that peak as of Friday, April 1, as many investors are unable to justify the company's stock price given its poor financials. GameStop's financials fail to keep up In the recent fiscal year ended Jan. 29, GameStop booked $381 million in net loss, 77% wider than its $215 million loss in 2020. Revenue, however, climbed to $6.01 billion from $5.09 billion the previous year. Prior to the short squeeze in January 2021, there had been rumors that GameStop may be going out of business as the company announced store closures and logged millions of dollars in debt. “This greed by the short sellers to have GameStop go bankrupt — ironically, they now saved GameStop for probably forever,” Justin Dopierala, founder of DOMO Capital, was quoted by Digital Trends as saying. With the money raised from the securities market, GameStop could turn its business around. The company recently disclosed plans to foray into non-fungible tokens or NFTs by the end of the second quarter of fiscal year 2022. Risky bet for short sellers For short sellers, GameStop’s planned stock split would force them to buy additional shares before they return their loaned shares. As the company plans to carry out its stock split by issuing a stock dividend, shareholders who lend their shares to short sellers are still entitled to the dividend from GameStop, while the short seller will have to either repurchase the share before the ex dividend date or pay a dividend to the other party that acquired the shorted stock.
NYSE:GME
by BlackBull_Markets
1
$GME - FOMO time!When I posted about gamestop in January (see related idea), some GME fanboys mentioned that price would "never go below 100". Of course, that was only hopium from people who don´t really know much about trading and price action. In fact we went all the way down to 77.58 (approximately the middle of the "buy zone" I indicated, and have already pumped over 150% from those levels. Does that mean that you should now fill up your treasure chest with GME for the long run? Well, that´s up to you, but I´m looking at the following short and long term trades: - Short Term: Buy at ~140 look at the A-B-C extension (targets would be around 280, but I´ll measure after the correction is over) - Long term: Hold some stocks with the expectation that 77.58 was a bottom and we may see new ATHs. Note that volatility is enormous, and 100% movements are very common, so trade small!
NYSE:GMELong
by Stoic-Trader
Gamestop weekly chart bullish or bearishLooking at Gamestop (GME) on the weekly charts I wanted to see where it is going in the long and short-term. On the left side we see the massive rally in early 2021 hitting the all time high of $483 and pulling back to around $320. Then in March and June we see to breakouts but failed attempts to take out new all time highs. You see the long upper wicks pulling back and holding support at $150 To the last couple weeks we also see the long upper wick and resistance at $200. The volume has also increased the last 2 weeks. Price currently is overextended from the moving average so combined with the resistance and the bearish upper wick it does lean more to the bear side but $150 support needs to hold. Although GME has gone on a bit of a breakout of late this weekly chart is leaning to more downside. Three things I will be watching for are, one if the volume keeps increasing that is a great sign, two if $150 support holds and lastly I would need to see GME back above the strong $200 resistance for me to be confident in this for long term holds. For now I will play it short-term long and short.
NYSE:GME
by Dancharles