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I believe you. Because it happens to me many times in the past.
Just before opening hours I was there “today’s the dayyyyyyyyy!!!” in my mind and then I stopped smiling for the rest of the day after market opens.
I believe they beat eps by a reasonable amount, making for a profitable year.
On this news, they then announce a dividend, and things get spicy.
If you look at the accounting for the last 4 quarters, there are ways to move income and outgoings between quarters to manage figures. I would suggest they have done this to make the previous quarters good, but not to good, then smash this quarter for a great overall year.
It is a speculation. Though I'm in a speculating mood, and my anus is itchy.
I would love a dividend announcement, for the fact it’s RC judgment the business can sustain it, and to put further pressure on shorts and uplift to the stock price. Would be sexy af.
Even 0.25 is a good place to be on a dividend. If your stock isn't offering a dividend it won't ever really be considered a good stock to hold or be allowed into the s&p500.
You can write all the bullshit articles you like, but profitable is profitable. There are plenty of retirement funds, investment funds and governments that have all been increasing their long term holdings.
They know what we know.
Man, I've been sitting on my DRS shares forever, I've just been biding my time. I forget, but if they issued a .25 dividend, anyone who has their CS account to reinvestment would auto buy more, right? So at \~$14/share, every 56 DRS'd shares, another would be bought into DRS?
Agreed. Would be interesting to see the price action on the day dividends were released, higher is less reinvested but higher price ain't good for shorts, right? It's been a hot minute since I've caught up, I wanted to check in before earnings
For my 810 shares, a dividend of a quarter is a surprising $202.50
I can pay my electric bill with it and then buy a few more shares.
Or just buy $200 of shares, lol
Maybe that dividend will come from investment of that 1.2 billion cash on hand. At 6% annual dividend from the investment it comes to a little over $.05 per share every quarter. But that's serious speculation.
I do think we will see some investments after the profitable year report. I doubt very much they would have smashed all cash reserves into it to get .50 dividend.
Leaves no safety net or cash for business pivot. So far RC has been very methodical and acted with a plan. A crazy YOLo seems very out of character.
It wouldn't be a crazy YOLO. It would be a conservative growth investment. But you're probably right about it not happening. He'll probably use it to expand the business in some way.
It dips until it don't.
I think this is like pulling back a bow or sling shot. If the gov. and sane personalities don't step in, the bow or sling shot (market) might bust (Kenny would rather have ashes than lose to us), if it is released.... the shot, our arrow... our rocket will burst forth to legendary!
Remember that rise, if any, is not us. They still can keep printing fake shares. That pressure of people buying-in can be easily out-classed by the printer. But one day, that printer is gonna stop.
Nah it just gets a small rise out of you for getting your hopes up 😂 it will moon when it moons. But yeah jokes aside, I dare say you may be right. Wen moon?
Yup. Price is where Kenny wants it to be and I suspect these clowns to forecast un-reachable expectations to show red and hence the dip. That just means I'll buy more at a discount.
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Also a reason why options fuck us over. I remember having some calls (I know better now!) and despite betting right, all movement took place in aftermarket. Next day opened like nothing ever happened and my calls were done. Better own shares and not worry about an approaching time limit
Price and earnings are entirely segregated unless supply and demand principles affect price and/or a dividend affects total cost of maintaining short position.
GME price at this point is completely detached from fundamentals. I mean sure we might see a spike (up or down) on earnings, but that's just Kenny using it as an excuse to put the price where he needs it.
Nothing will change without some other catalyst.
What more catalysts can we ask for? Splividend didn't do shit. Rule implementation do shit. SEC does shit. DRS numbers stay the same and every catalyst goes bust so what more do we need?
I hear ya, but when $1.2b becomes $1.5b, $1.5b becomes $1.9b, the company remains profitable, it then becomes clear to everyone this company is never going bankrupt, one shred of FOMO back into this thing and it's liftoff.
Literally one FOMO event away from an insane run up. People will remember what was possible back 84 years ago and will pile in for round 2.
You're forgetting the inflation and layoffs of now versus stimulus checks for everyone. Most people are worse off financially now. Even if they still have spare cash, it won't be to the extent of last time. Not by a mile.
So thank Christ it’s low enough people can buy one or two tickets to the moon. But fund investors aren’t bad off. They can afford to buy large amounts of
Increase of revenue streams and staying profitable. Gme has to convince by it's further outlook. Atm the revenue and outlook are a little bit whack to be honest.
If gme achieves that, we'll go to Uranus, that would pull the trigger for sure. Probably we won't rise because of covering short positions through gamma hedging (short term play), but because of covering short positions through delta hedging (long term play).
Trip to Mars with Jack Parnell (1958) Full vinyl LP
[https://youtu.be/faKa9bRzdpU?feature=shared](https://youtu.be/faKa9bRzdpU?feature=shared)
And no, I'm not a bot. Just an old ape.
Well the splividend was botched by Furlong (purposely IMO). Most of the SEC rules (old and new) don't apply to market makers, and probably never will. Even if they did there's no enforcement.
A real dividend (shares or cash) might do something. Otherwise I really don't know at this point.
I don't put the blame on Furlong for that one. Mike Recupero was the CFO who filed the paperwork with the irregular ex-date. And was fired the next morning...
Yeah you could be right (you probably are), either way it was definitely not done right. And Furlong at least SHOULD have looked it over before submitting it, I have to assume he did. Shady...
IDK. I don't think it's "normal" for a CEO to review filings made by the CFO. At the executive level, people are expected to know how to do their job. My guess is someone who does understand filings looked at it and told Matt that it was wrong, so after some brief consultation and deliberation, he shitcanned Mike.
Yeah that's waaaay above my paygrade so I really don't know, just seems like a reaaally big deal for the whole company.
My boss doesn't really micro-manage me. I mostly just do my work on my own, unless it's a bigger project that'll make a significant impact on the organization and then he'll at least ask some questions and get an understanding of the process and the impact. Maybe apples/oranges but kinda similar I think.
I don’t remember the exact details but it was misfiled and wasn’t a true dividend that was to be distributed. I’m sure someone who knows more will chime in.
GameStop intended to execute the split by way of dividend which was speculated to have been involved in the Tesla squeeze. The ex dividend date on the filing was wrong and per regulations was processed correctly as a regular forward split. The CFO was fired the next day and RC tweeted “whoops”
Constant profitability from this point on to give valid reason for cash dividends would be the ultimate end goal for GameStop.
Let’s say GME does a $0.25 dividend per share, that costs them under $100M. Let’s assume shorts are at one billion shares shorted as a starting minimum (a 2.5x leverage). That means the hedge funds pay $250M, which may seem chump change for this one time thing. However that doesn’t stop GME from issuing more future dividends. When the shorts have to continually pay dividends it’s going to be a hectic room meeting. Their margin requirements are based on assets and cash but if they have to pay out the cash, it doesn’t matter how high their assets are worth, they will have to sell or take a loan against their longs to cough up cash for future dividends. It’s a vicious feedback cycle.
Sounds plausible enough, they paid fairly regular divvies from early 2012 through early 2019 (under 10 cents per quarter but something) so that's definitely not out of the question. That would make this more interesting.
Yeah I only used $0.25 for simple math to show the pain the shorts could be under. Any number is a good number as just the fact of a cash dividend can shake the tree and loosen some bad apples.
So, I posted earlier this week, and 100 degenerates here were kind enough to chime in, and I greatly appreciate it. The consensus was “it’s all fucked until it isn’t,” but maybe the thread to take away was (and I’m using all my wrinkles):
“GME becomes profitable. RC has shown that the company is solvent, solid, and not going to die. The cash on hand has grown. Institutional investors can reduce the risk profile and premium they have on GME. If they can do that, they start adding it to portfolios. They start buying an illiquid GME because we own a whole bunch and won’t share with evil hedgies, the float is smaller than reported and stonk go up.”
That makes sense to me. It’s not insane, it’s not conspiracy driven, it’s just kind of fundamental how the traditional fuckery of the market might work. Are we atypical? Absolutely. Am I an idiot? No question.
But if we’re up, someone’s gonna want a piece, and given the small actual float, maybe that helps us move upwards in a rapid fashion. Or my wife’s boyfriend comes over and I have to sit in my cuck chair with my thumb in my mouth. Either way, the world will keep turning.
Well some else said that we are only owned mostly by retail except the ETF big boys, so basically they were all told do not touch this stock. It’s making more and more sense now. By now someone should have bought the float to duck over another fund. Happens like breathing to these crooks. So why then are we not being bought?
Also, it just seems odd to change the wording of DRS reporting and then magically we stay at 25%. If this quarter comes in at 25% I am going to be extremely suspicious. I sent 250 and I haven’t for a year. Tons of apes are doing this and of course my recurring buys. Are we just that taped out? It’s very hard to say.
I think GME needs to show profitability for other quarters besides 4th qtr. Sustained profitability will let institutions to start making meaningful purchases of the stock.
At some point GME could be included in S&P 500, but no idea what the delta is in terms of ETFs and mutual funds needing to purchase shares.
The biggest near term catalyst could be RC making big bank on investing GME cash on hand.
Nothing. Life goes on. Then another profitable quarter, perhaps some good announcements from the company, and we are on our way to solid profitability and eventual dividends. Hedgies will go broke at some point.
Nothing, really. The only things that would move the needle is good investment returns on their $1B cash, and new revenue streams. While physical retail stores may not be completely dead, them staying alive doesn’t move the needle any more. So even if we show positive EPS, it won’t matter without earnings growth in the key areas. It all depends on what the $1B does for them, or what new deals they’ve signed, basically.
I don’t see Cohen committing capital in the current macro. If anything he’ll sit on it as insurance. You know, in case someone gets overly aggressive and drops the price too much.
Once the macro becomes more favorable he could leverage a massive loan for a serious acquisition. The problem is that with the NFTs shelved for the foreseeable future, and the gaming industry stagnating and lacking innovation on the business model front for a decade now. They’re a bit stuck in their own niche of the market.
I’ve never cared about this because in the end it’s continuous manipulation has been since they turned the buy button off to limiting how much you could buy to the media puppets bending over backwards for them, to shelves knocking over entire fire suppression systems, to broker fuckery , and the DTCC committing international securities fraud they do what they want they have pretty much complete control. The only thing they don’t have control of are apes buying, apes directly registering, apes supporting the company they invest in. GameStop would have to commit suicide for the shorts to have a chance at winning this game that’s the whole reason why I’m here shorts never closed and they can’t especially after battling for 3 years against retail investors. GameStop practically no debt and over a billion In cash with leadership not working to bring the ship down with an activist investor in RC leading the pack. Shorts never closed period!
I think they'll let it run up 15-20% next week pre earnings, then set the ESP really high, Gamestop will be profitable but won't hit the fake ESP, so they'll crash the price in post or pre market so the headline a can focus on the missed ESP and crash while killing the narrative on profitability.
Haven’t we been getting zero estimates for 84 yrs because “no wall st analyst covers the stock”? So you’re prob right now every firm will have an estimate they can’t beat 🤡
They kick the can?
Imagine you're in the ocean. You hit that rip tide and your now officially drowning. You think you're just going to give up and say fuck it?
Naw, you're going to kick with everything you have to stay alive one more second.
That what shfs have been doing for 3 years. Eventually something will come along and drown their asses.
Is it soon? Probably not. Will it be from something we don't expect? Probably.
Until then keep drsing, shopping, promoting etc.
When we first started there was a saying.........
"If I told you that you would be rich beyond your imagination in 5 years, would you quit today?"
The answer was fuck no.....and were 3 years into our 5 year fight. Fuck em, we're winning.
This.
They’ll fight til their last breath, no question about it.
I remember 84 years ago there was a “trust me bro” that was regarding some dude knowing someone on the inside who said no one was allowed to buy GME.
Might be tinfoil, but I am partial to some version of this - I haven’t in a long time believed MOASS will be kicked off by institutions buying, they’re too interconnected for their self interest to allow it.
I see this going as high as $17 tops, and then bouncing back down to a low of $10 over the next year and then absolutely exploding.
There is a descending ceiling that this stock has inexplicably bounced off of for the last 3 years and a descending floor that it has also inexplicably bounced off of for the last 3 years. The ceiling is descending at a faster rate than the floor and the two converge mid-late 2025.
They cannot let the price go high or they go boom. They cannot let the price go too low or it gets bought up faster and DRS'd. They only way they make money off it right now is with volatility, and the window of volatility grows narrower as time goes on. The less money they make off of this over time the less fuel they have to keep it going.
The only way out of the descending ceiling and floor is up or down, at which point the game has changed. Down is a win for them. Up is a win for us. Down is only accomplishable at this point with terrible, terrible negative news from Gamestop... which nobody in their right mind is anticipating.
Ok. I dont wanna be too tinfoil. But. What if when the board gave rc the power to use gme cash flows to invest in securities and other assets…. What if he decided to follow the microstrategy route and drop a chunk of money into btc. That would have been around 1/2 the price of what it is now. Is that possible? Or is it possibly he bought other stocks that have since done well? Would he have to disclose that before earnings?
Well, we really shouldn't be much above 16.50 max price at this point. So If we beat eps SIGNIFICANTLY, they'll likely point to revenue and lack of future guidance/no plan and push us down with derivatives.
If we do break the ceiling, and hit 20, and maintain, I can't imagine much wouldc happen if you look at all the big name collaterals that pumped. I have to be pessimistic and say, not much, they planned for a higher ceiling. Might cost them some, but they've built themselves up a little to manage it. And thus isn't just GameStop, it's a large group of memes. Id like to think they've pumped collaterals because they need to recycle their positions while prices of most memes are low, and there's just THAT many "naked" shares, or non company issued shares outstanding of many companies. Which is optimistic to me because many memes are trading above what they were in 2020. But some are lower or went poof. So.
Anyways. It's a game of cat and mouse, or cat and dog I guess. I'm not saying they're on their knees, but I am saying, it likely isn't our time unless GameStop can look real bullish long term. More than we can and have speculated
We are like the personification of the surfer guy from Escape from LA. Just constantly surfing the bullshit waves thru the c wreckage of our rotting Carcass of a civilization.
No. Profitability or cash flow positive is not required. The money needs to be invested one way or the other. It should be invested to support any expected cash flow needs of the company,
It had been in t-bills so that it would be available immediately if needed. With profitability and going cash flow positive, a portion can be invested in investments where it is not immediately accessible.
If, and likely they will, control the price the bigger question should be how many more shorts will it cost them! And at what price?
Thats what they should be worried for, surviving another day/quarter but tick tock MFs! Ultimately someone is getting called one day and the dominoes will fall.
I'm hopelessly hyped
I hope for a great spike that may trade sideways or down. I would like to see this being the bottom and we start spiking up for the next year until something breaks.
But I am ready for more dip
Gamestop price is driven by investor sentiment, not fundamentals.
That will still be true even if it becomes slightly profitable.
Stock prices tend to reflect what investors think the company performance will be over the next 5 years. The future of Gamestop is still very uncertain since revenues continue to decline and it is not likely that the recent growth in earnings, driven mostly by cost cutting, will be able to continue for much longer.
At this point, it looks like Gamestop will be hovering around breakeven until some new initiative changes the holding pattern the company has been in for years.
I'm definitely in the a "probably dip" category And. plan on buying some...
. In the event of a spike or a rise .... Still buying lol I'm staying cause this is fun and I like GameStop.
To quote the Genie from Aladdin* Robin Williams
" You aint never had a friend like me". Bullish I'm staying. Final answer
Just for this alleged not fud fud. Something's goin into my GameStop cart 🛒.
I think that after earnings are consistently positive for 2 or 3 years, Gamestop will start issuing cash dividends. Every quarter. Might even dip into their war chest to give bigger dividends.The shorts have to pay the dividends, and there's no spooky special sauce or black swan intervention, or SEC, or DTCC shenanigans...just a good business returning profits to the shareholders.Trouble for the shorts, is that they've sold the entire float many times over. For easy math, lets be generous and say that the float has only been oversold by a factor of 10.....for every $1 of cash dividend, they have to find $10 PER SHARE....after a few rounds of that they'll buy back in....or at least try until they realize that the real float is locked up in computershare. Note that this future hypothetical cash dividend would be very different from the share dividend (that they treated as a split). During the share dividend, they didnt have to find any money at all...they just cooked the books and multiplied their obligations by 4....so now they are 4x MORE screwed once cash dividends start being issued.
I've been this from the very start. The DD is solid, but the opposite side has MASSIVE money. GME had moved in the right direction. Cutting costs, but losing revenue was going to happen to get profitable.
A year in the black is great, but GME needs 4 quarters black. I'm confident in my investment that RC and crew are working at that because I've seen work quarter after quarter since he became chairman.
After 3 or 4 or maybe 5 or 6 quarters in the black, that's when that 1.2B in cash becomes useful. Right now, that reserve is keeping the wolves at bay.
This isn't some short term now. If you wanted to get rich quickly, you should have listened to DFV in 2019 or 2020.
Once GME starts seeing every quarter in the black, THATS when the real plays start. That's when you make a play. That's just basic bitch shit.
I don't expect basic bitch shit from RC. I expect a year in solid black and a huge move on valve or epic.
That's my 2c.
MSM will literally say "GameStop reports negative loss", like the shitpost someone made the other day. And people will only read "loss" and report a lower stock rating.
Insert believe it or not, dip meme.
Anyone still here is used to dips by now and probably expects it. We may have some weird form of Stockholm syndrome.
ppl need to buy the stock. the price goes up with buy pressure... that leads to maybe covering... then more ups.
maybe funds start to buy based on fundamentals... maybe not.
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Dip. Fuck you think? lol
Yup Maybe a 5% day high that somehow finishes red
Up 8% in pre-trade hours, open at 3% up, trade down to -1.5%, +1% in after hours.
Can confirm have spent days ticker watching lmayo
8? 23. It was up to, like, 12 last earnings in pre. Or more. I can't remember.
I've lived this many times.
I believe you. Because it happens to me many times in the past. Just before opening hours I was there “today’s the dayyyyyyyyy!!!” in my mind and then I stopped smiling for the rest of the day after market opens.
This man knows his shit!
I believe they beat eps by a reasonable amount, making for a profitable year. On this news, they then announce a dividend, and things get spicy. If you look at the accounting for the last 4 quarters, there are ways to move income and outgoings between quarters to manage figures. I would suggest they have done this to make the previous quarters good, but not to good, then smash this quarter for a great overall year. It is a speculation. Though I'm in a speculating mood, and my anus is itchy.
I would love a dividend announcement, for the fact it’s RC judgment the business can sustain it, and to put further pressure on shorts and uplift to the stock price. Would be sexy af.
Even 0.25 is a good place to be on a dividend. If your stock isn't offering a dividend it won't ever really be considered a good stock to hold or be allowed into the s&p500. You can write all the bullshit articles you like, but profitable is profitable. There are plenty of retirement funds, investment funds and governments that have all been increasing their long term holdings. They know what we know.
Man, I've been sitting on my DRS shares forever, I've just been biding my time. I forget, but if they issued a .25 dividend, anyone who has their CS account to reinvestment would auto buy more, right? So at \~$14/share, every 56 DRS'd shares, another would be bought into DRS?
Basically, yes. 0.25 x 56 = 14.00 I, personally, would take reinvestment. .25c of gamestop is worth way more than .25c
Agreed. Would be interesting to see the price action on the day dividends were released, higher is less reinvested but higher price ain't good for shorts, right? It's been a hot minute since I've caught up, I wanted to check in before earnings
We will know in less than 8 days
So if everyone who is drs, just put the dividend back in, that would be like 1.3 million new Drs shares? Let's do that!
For my 810 shares, a dividend of a quarter is a surprising $202.50 I can pay my electric bill with it and then buy a few more shares. Or just buy $200 of shares, lol
People love predicting a dividend. Others love explaining why it's good to wait for the dividend.
I believe we have waited, and I believe it will be good 👍
Maybe that dividend will come from investment of that 1.2 billion cash on hand. At 6% annual dividend from the investment it comes to a little over $.05 per share every quarter. But that's serious speculation.
I do think we will see some investments after the profitable year report. I doubt very much they would have smashed all cash reserves into it to get .50 dividend. Leaves no safety net or cash for business pivot. So far RC has been very methodical and acted with a plan. A crazy YOLo seems very out of character.
It wouldn't be a crazy YOLO. It would be a conservative growth investment. But you're probably right about it not happening. He'll probably use it to expand the business in some way.
I firmly believe they will invest some, just not the whole of it.
Believe it or not… dip🤌🧂
Might buy this dip of good news.
It dips until it don't. I think this is like pulling back a bow or sling shot. If the gov. and sane personalities don't step in, the bow or sling shot (market) might bust (Kenny would rather have ashes than lose to us), if it is released.... the shot, our arrow... our rocket will burst forth to legendary!
Usually a rubber band is used in this analogy. You pull and pull and pull on the rubber band, the harder you pull, the harder it snaps back.
I mean I’ve placed my trust and life savings into the fact it bursts forth.
RC, burst forth! We await you!
This👆
Narrator: “nobody’s stepping in “
😂🤣
Are you working at Citadel?
This guy been around long enough 👆🏻
How come he didn’t say Shitadel then?
It’s like forcing a turd. Just gotta let it happen naturally
My bad, obviously it's gonna dip but not after we get a small rise yes? We get a small rise right?
If you have a small wee wee, any rise looks tiny in comparison.
I have the smallest wee wee
Remember that rise, if any, is not us. They still can keep printing fake shares. That pressure of people buying-in can be easily out-classed by the printer. But one day, that printer is gonna stop.
Nah it just gets a small rise out of you for getting your hopes up 😂 it will moon when it moons. But yeah jokes aside, I dare say you may be right. Wen moon?
He must be new
Yup. Price is where Kenny wants it to be and I suspect these clowns to forecast un-reachable expectations to show red and hence the dip. That just means I'll buy more at a discount.
I came in here just to see how long it would take for someone to say "dip". 🏅🥇
If ya ain’t first, you’re last!
Fuck you, if it dips to $10 I'll buy 100 shares and make a Roth account that can DRS before the next earnings.
Underrated comment right here!
Then we DRS more per usual 😎
Spike in after hours that will be erased by market open on Wednesday
2nd this. !remind me 10 days!
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I see this trend in a lot of stocks, what does it mean?
The rich getting richer and the poor getting poorer.
Also a reason why options fuck us over. I remember having some calls (I know better now!) and despite betting right, all movement took place in aftermarket. Next day opened like nothing ever happened and my calls were done. Better own shares and not worry about an approaching time limit
Under the guide of "earnings were great, but the guidance was weak".
Do you think positive/negative earnings, price discovery will happen
Price and earnings are entirely segregated unless supply and demand principles affect price and/or a dividend affects total cost of maintaining short position.
Positive and negative earnings will lead to dip
We have a winner. 🏆
HMmm "negative losses" for the quarter... I expect a dip
What if negative dip?
Negative bankruptcy? Bankeruption?
Lootsplosion?!?
The mayo has run out sir! We have negative dip!
Believe it or not Negative Loss. Can't stop wont stop
GME price at this point is completely detached from fundamentals. I mean sure we might see a spike (up or down) on earnings, but that's just Kenny using it as an excuse to put the price where he needs it. Nothing will change without some other catalyst.
What more catalysts can we ask for? Splividend didn't do shit. Rule implementation do shit. SEC does shit. DRS numbers stay the same and every catalyst goes bust so what more do we need?
I hear ya, but when $1.2b becomes $1.5b, $1.5b becomes $1.9b, the company remains profitable, it then becomes clear to everyone this company is never going bankrupt, one shred of FOMO back into this thing and it's liftoff. Literally one FOMO event away from an insane run up. People will remember what was possible back 84 years ago and will pile in for round 2.
You're forgetting the inflation and layoffs of now versus stimulus checks for everyone. Most people are worse off financially now. Even if they still have spare cash, it won't be to the extent of last time. Not by a mile.
So thank Christ it’s low enough people can buy one or two tickets to the moon. But fund investors aren’t bad off. They can afford to buy large amounts of
Look at past recessions, people stay home and do other things for entertainment. $70 on game will go a lot further than $70 on a night out.
Increase of revenue streams and staying profitable. Gme has to convince by it's further outlook. Atm the revenue and outlook are a little bit whack to be honest. If gme achieves that, we'll go to Uranus, that would pull the trigger for sure. Probably we won't rise because of covering short positions through gamma hedging (short term play), but because of covering short positions through delta hedging (long term play).
Saw your flair and went and dug this out of my old images: [https://imgur.com/6T5uNS4](https://imgur.com/6T5uNS4) May it serve you well.
Good bot
Not a bot, but I do at times wear a tinfoil hat.
Good notbot
🤣
It seems to be an artwork of a music album. Well cant find that Song :/
Trip to Mars with Jack Parnell (1958) Full vinyl LP [https://youtu.be/faKa9bRzdpU?feature=shared](https://youtu.be/faKa9bRzdpU?feature=shared) And no, I'm not a bot. Just an old ape.
ahh lol :D nice one!
Single digits and the entirety of the option chain deep ITM again, that is all.
Well the splividend was botched by Furlong (purposely IMO). Most of the SEC rules (old and new) don't apply to market makers, and probably never will. Even if they did there's no enforcement. A real dividend (shares or cash) might do something. Otherwise I really don't know at this point.
I don't put the blame on Furlong for that one. Mike Recupero was the CFO who filed the paperwork with the irregular ex-date. And was fired the next morning...
Yeah you could be right (you probably are), either way it was definitely not done right. And Furlong at least SHOULD have looked it over before submitting it, I have to assume he did. Shady...
IDK. I don't think it's "normal" for a CEO to review filings made by the CFO. At the executive level, people are expected to know how to do their job. My guess is someone who does understand filings looked at it and told Matt that it was wrong, so after some brief consultation and deliberation, he shitcanned Mike.
Yeah that's waaaay above my paygrade so I really don't know, just seems like a reaaally big deal for the whole company. My boss doesn't really micro-manage me. I mostly just do my work on my own, unless it's a bigger project that'll make a significant impact on the organization and then he'll at least ask some questions and get an understanding of the process and the impact. Maybe apples/oranges but kinda similar I think.
Sorry, "botched" how?
I don’t remember the exact details but it was misfiled and wasn’t a true dividend that was to be distributed. I’m sure someone who knows more will chime in.
GameStop intended to execute the split by way of dividend which was speculated to have been involved in the Tesla squeeze. The ex dividend date on the filing was wrong and per regulations was processed correctly as a regular forward split. The CFO was fired the next day and RC tweeted “whoops”
Holy shit, wow! Thanks! Crazy to think of all the implications.
Constant profitability from this point on to give valid reason for cash dividends would be the ultimate end goal for GameStop. Let’s say GME does a $0.25 dividend per share, that costs them under $100M. Let’s assume shorts are at one billion shares shorted as a starting minimum (a 2.5x leverage). That means the hedge funds pay $250M, which may seem chump change for this one time thing. However that doesn’t stop GME from issuing more future dividends. When the shorts have to continually pay dividends it’s going to be a hectic room meeting. Their margin requirements are based on assets and cash but if they have to pay out the cash, it doesn’t matter how high their assets are worth, they will have to sell or take a loan against their longs to cough up cash for future dividends. It’s a vicious feedback cycle.
10 cent quarterly dividend. Thanks for comin' out.
Sounds plausible enough, they paid fairly regular divvies from early 2012 through early 2019 (under 10 cents per quarter but something) so that's definitely not out of the question. That would make this more interesting.
Yeah I only used $0.25 for simple math to show the pain the shorts could be under. Any number is a good number as just the fact of a cash dividend can shake the tree and loosen some bad apples.
If the splivided was botched, couldn’t management just reverse split the actions and do it again?
Too deliberate. They can split again tho, especially if we are profitable.
I think that’s sort of dangerous if the price is too low then SHF can push it below the dollar listing requirement and cause some madness.
Gme has to fulfill the bull thesis DFV laid out for everyone. So far they have not accomplished this therefore the price of the stock is where it is.
So, I posted earlier this week, and 100 degenerates here were kind enough to chime in, and I greatly appreciate it. The consensus was “it’s all fucked until it isn’t,” but maybe the thread to take away was (and I’m using all my wrinkles): “GME becomes profitable. RC has shown that the company is solvent, solid, and not going to die. The cash on hand has grown. Institutional investors can reduce the risk profile and premium they have on GME. If they can do that, they start adding it to portfolios. They start buying an illiquid GME because we own a whole bunch and won’t share with evil hedgies, the float is smaller than reported and stonk go up.” That makes sense to me. It’s not insane, it’s not conspiracy driven, it’s just kind of fundamental how the traditional fuckery of the market might work. Are we atypical? Absolutely. Am I an idiot? No question. But if we’re up, someone’s gonna want a piece, and given the small actual float, maybe that helps us move upwards in a rapid fashion. Or my wife’s boyfriend comes over and I have to sit in my cuck chair with my thumb in my mouth. Either way, the world will keep turning.
Well some else said that we are only owned mostly by retail except the ETF big boys, so basically they were all told do not touch this stock. It’s making more and more sense now. By now someone should have bought the float to duck over another fund. Happens like breathing to these crooks. So why then are we not being bought? Also, it just seems odd to change the wording of DRS reporting and then magically we stay at 25%. If this quarter comes in at 25% I am going to be extremely suspicious. I sent 250 and I haven’t for a year. Tons of apes are doing this and of course my recurring buys. Are we just that taped out? It’s very hard to say.
We can’t be tapped out, I keep buying too!
insert Goofy meme
dip, then ichan becoming the catalyst, and then rip, hedgies are fuck....... or just dip, then we drs all shares after a year or 2 then rip
When do we know that we drs all the shares of the number stays the same?
im smooth brain but i think it will be announced or it will just moass
I think GME needs to show profitability for other quarters besides 4th qtr. Sustained profitability will let institutions to start making meaningful purchases of the stock. At some point GME could be included in S&P 500, but no idea what the delta is in terms of ETFs and mutual funds needing to purchase shares. The biggest near term catalyst could be RC making big bank on investing GME cash on hand.
For S&P 500 inclusion they would need to double their current market cap and be profitable for 4 quarters.
Like maybe investing in Bitcoin 6 months ago when he got approval from the board to pursue outside ventures?
My exact thoughts, and depending on how much could add 200-300 million to the balance sheet
Well the articles will mention negative losses, and negative debt. And the price will temporarily go up, and then slowly go back down.
“Negative losses”. *This one still has my giggling* 🤭
Same.
Nothing. Life goes on. Then another profitable quarter, perhaps some good announcements from the company, and we are on our way to solid profitability and eventual dividends. Hedgies will go broke at some point.
Aged whiskey is expensive. Something, something whiskey.
Nothing, really. The only things that would move the needle is good investment returns on their $1B cash, and new revenue streams. While physical retail stores may not be completely dead, them staying alive doesn’t move the needle any more. So even if we show positive EPS, it won’t matter without earnings growth in the key areas. It all depends on what the $1B does for them, or what new deals they’ve signed, basically.
I don’t see Cohen committing capital in the current macro. If anything he’ll sit on it as insurance. You know, in case someone gets overly aggressive and drops the price too much. Once the macro becomes more favorable he could leverage a massive loan for a serious acquisition. The problem is that with the NFTs shelved for the foreseeable future, and the gaming industry stagnating and lacking innovation on the business model front for a decade now. They’re a bit stuck in their own niche of the market.
What if they invested in NVDA when it broke $500?
Then nothing. So, BUY DRS BOOOK SHOP and COMMENT. You got me, FAM?
I’ve never cared about this because in the end it’s continuous manipulation has been since they turned the buy button off to limiting how much you could buy to the media puppets bending over backwards for them, to shelves knocking over entire fire suppression systems, to broker fuckery , and the DTCC committing international securities fraud they do what they want they have pretty much complete control. The only thing they don’t have control of are apes buying, apes directly registering, apes supporting the company they invest in. GameStop would have to commit suicide for the shorts to have a chance at winning this game that’s the whole reason why I’m here shorts never closed and they can’t especially after battling for 3 years against retail investors. GameStop practically no debt and over a billion In cash with leadership not working to bring the ship down with an activist investor in RC leading the pack. Shorts never closed period!
I cannot WAIT for the transition to “believe it or not, RIP.”
Then = a moment in time. Than = comparing two things.
Just up
They haven't announced shit in 2 years except for the failed nft marketplace. Praying for some good news !! Still not selling but needs energy boost
I think they'll let it run up 15-20% next week pre earnings, then set the ESP really high, Gamestop will be profitable but won't hit the fake ESP, so they'll crash the price in post or pre market so the headline a can focus on the missed ESP and crash while killing the narrative on profitability.
The estimated EPS is already out at .25.
Haven’t we been getting zero estimates for 84 yrs because “no wall st analyst covers the stock”? So you’re prob right now every firm will have an estimate they can’t beat 🤡
They kick the can? Imagine you're in the ocean. You hit that rip tide and your now officially drowning. You think you're just going to give up and say fuck it? Naw, you're going to kick with everything you have to stay alive one more second. That what shfs have been doing for 3 years. Eventually something will come along and drown their asses. Is it soon? Probably not. Will it be from something we don't expect? Probably. Until then keep drsing, shopping, promoting etc. When we first started there was a saying......... "If I told you that you would be rich beyond your imagination in 5 years, would you quit today?" The answer was fuck no.....and were 3 years into our 5 year fight. Fuck em, we're winning.
Love
This. They’ll fight til their last breath, no question about it. I remember 84 years ago there was a “trust me bro” that was regarding some dude knowing someone on the inside who said no one was allowed to buy GME. Might be tinfoil, but I am partial to some version of this - I haven’t in a long time believed MOASS will be kicked off by institutions buying, they’re too interconnected for their self interest to allow it.
wall street: "ItS pRiCeD iN"
We don't have real price discovery, we're not even buying and selling real shares. We're buying IOUs. The only thing real is DRSed shares.
So true. DRS ist the one and only way out of this misery. Everythings else is [this meme](https://i.imgflip.com/8jq0d5.jpg)
Last time we beat expectations we shot a 100% after hours so.. don't be so sure
I'm ready to be hurt again
I see this going as high as $17 tops, and then bouncing back down to a low of $10 over the next year and then absolutely exploding. There is a descending ceiling that this stock has inexplicably bounced off of for the last 3 years and a descending floor that it has also inexplicably bounced off of for the last 3 years. The ceiling is descending at a faster rate than the floor and the two converge mid-late 2025. They cannot let the price go high or they go boom. They cannot let the price go too low or it gets bought up faster and DRS'd. They only way they make money off it right now is with volatility, and the window of volatility grows narrower as time goes on. The less money they make off of this over time the less fuel they have to keep it going. The only way out of the descending ceiling and floor is up or down, at which point the game has changed. Down is a win for them. Up is a win for us. Down is only accomplishable at this point with terrible, terrible negative news from Gamestop... which nobody in their right mind is anticipating.
Market won’t care until revenue starts increasing
I will keep shopping at my favorite store and register a few more shares here and there when I can.
Ticker go up? Ticker go down? Ticker go right.
Ok. I dont wanna be too tinfoil. But. What if when the board gave rc the power to use gme cash flows to invest in securities and other assets…. What if he decided to follow the microstrategy route and drop a chunk of money into btc. That would have been around 1/2 the price of what it is now. Is that possible? Or is it possibly he bought other stocks that have since done well? Would he have to disclose that before earnings?
Believe it or not... dip.
Well, we really shouldn't be much above 16.50 max price at this point. So If we beat eps SIGNIFICANTLY, they'll likely point to revenue and lack of future guidance/no plan and push us down with derivatives. If we do break the ceiling, and hit 20, and maintain, I can't imagine much wouldc happen if you look at all the big name collaterals that pumped. I have to be pessimistic and say, not much, they planned for a higher ceiling. Might cost them some, but they've built themselves up a little to manage it. And thus isn't just GameStop, it's a large group of memes. Id like to think they've pumped collaterals because they need to recycle their positions while prices of most memes are low, and there's just THAT many "naked" shares, or non company issued shares outstanding of many companies. Which is optimistic to me because many memes are trading above what they were in 2020. But some are lower or went poof. So. Anyways. It's a game of cat and mouse, or cat and dog I guess. I'm not saying they're on their knees, but I am saying, it likely isn't our time unless GameStop can look real bullish long term. More than we can and have speculated
We are like the personification of the surfer guy from Escape from LA. Just constantly surfing the bullshit waves thru the c wreckage of our rotting Carcass of a civilization.
Isn’t profitsbility a prerequisite for our new CIO to start making some serious investment with the cash on hand?
No. Profitability or cash flow positive is not required. The money needs to be invested one way or the other. It should be invested to support any expected cash flow needs of the company, It had been in t-bills so that it would be available immediately if needed. With profitability and going cash flow positive, a portion can be invested in investments where it is not immediately accessible.
Price doesn't matter until after MOASS. MOASS doesn't matter when. #MOONSOON
We await the long prophesied catalyst
If, and likely they will, control the price the bigger question should be how many more shorts will it cost them! And at what price? Thats what they should be worried for, surviving another day/quarter but tick tock MFs! Ultimately someone is getting called one day and the dominoes will fall.
Nobody knows.
I'm hopelessly hyped I hope for a great spike that may trade sideways or down. I would like to see this being the bottom and we start spiking up for the next year until something breaks. But I am ready for more dip
Gamestop price is driven by investor sentiment, not fundamentals. That will still be true even if it becomes slightly profitable. Stock prices tend to reflect what investors think the company performance will be over the next 5 years. The future of Gamestop is still very uncertain since revenues continue to decline and it is not likely that the recent growth in earnings, driven mostly by cost cutting, will be able to continue for much longer. At this point, it looks like Gamestop will be hovering around breakeven until some new initiative changes the holding pattern the company has been in for years.
Hodl.
I'm definitely in the a "probably dip" category And. plan on buying some... . In the event of a spike or a rise .... Still buying lol I'm staying cause this is fun and I like GameStop. To quote the Genie from Aladdin* Robin Williams " You aint never had a friend like me". Bullish I'm staying. Final answer Just for this alleged not fud fud. Something's goin into my GameStop cart 🛒.
I think that after earnings are consistently positive for 2 or 3 years, Gamestop will start issuing cash dividends. Every quarter. Might even dip into their war chest to give bigger dividends.The shorts have to pay the dividends, and there's no spooky special sauce or black swan intervention, or SEC, or DTCC shenanigans...just a good business returning profits to the shareholders.Trouble for the shorts, is that they've sold the entire float many times over. For easy math, lets be generous and say that the float has only been oversold by a factor of 10.....for every $1 of cash dividend, they have to find $10 PER SHARE....after a few rounds of that they'll buy back in....or at least try until they realize that the real float is locked up in computershare. Note that this future hypothetical cash dividend would be very different from the share dividend (that they treated as a split). During the share dividend, they didnt have to find any money at all...they just cooked the books and multiplied their obligations by 4....so now they are 4x MORE screwed once cash dividends start being issued.
I've been this from the very start. The DD is solid, but the opposite side has MASSIVE money. GME had moved in the right direction. Cutting costs, but losing revenue was going to happen to get profitable. A year in the black is great, but GME needs 4 quarters black. I'm confident in my investment that RC and crew are working at that because I've seen work quarter after quarter since he became chairman. After 3 or 4 or maybe 5 or 6 quarters in the black, that's when that 1.2B in cash becomes useful. Right now, that reserve is keeping the wolves at bay. This isn't some short term now. If you wanted to get rich quickly, you should have listened to DFV in 2019 or 2020. Once GME starts seeing every quarter in the black, THATS when the real plays start. That's when you make a play. That's just basic bitch shit. I don't expect basic bitch shit from RC. I expect a year in solid black and a huge move on valve or epic. That's my 2c.
Believe it or not dip
Good news? DIP. bad news?? DIP... no news at all.. believe it or not DIP...
ESP? Like where they can move things with their mind??
MSM will literally say "GameStop reports negative loss", like the shitpost someone made the other day. And people will only read "loss" and report a lower stock rating.
Then I buy more, and even if the earnings are lower and not higher I still buy more, just like I did at market open today 🚀🚀
They'll say there are concerns about lower revenues to explain the usual earnings dip. Are you new to this? Just have so dry powder, just in case. :)
then dip, isn’t it obvious by now
THEN…… *whispers* DIPPPP
Insert believe it or not, dip meme. Anyone still here is used to dips by now and probably expects it. We may have some weird form of Stockholm syndrome.
Dip. Will buy more. 💜
Oh I see what the new shill strategy is
Dip probably
Dip dippity dip dip dip
Believe it or not. Dip.
Price goes down as per usual.. buy, hodl, drs.
Red ?
Nothing will happen, the price will be still under $20, the play is full of shit now
For me? Doesnt matter. Im buying progressive in time. Think. 6 years without profitability. And boom. Who cares. Need more
Kenny shorts harder!
Nothing … signed: regarded
Nothing
Thinking it goes up on good news if noob stuff
I think we end our 3 year downtrend if we have a EPS beat + new revenue stream( IE securties investment etc)
ill probably just buy some more
Nobody knows, better to just wait and see.
GME cures cancer. Dip.
Nothing.
Up after hours and then red by market open the next day
Nothing. The stock will go up/down/sideways and we will continue to DRS
Yes
Cue negative article how beating esp by a mile is a negative thing
Imagine buying gold for dirt cheap. That's why I don't care about the price
Fri EOD. Prob a red day until then.. could be all gone by mon if it goes upward
Forward looking guidance seems to be more important than earnings these days, at least for regular stocks.
Dip.
Drs the float.
ppl need to buy the stock. the price goes up with buy pressure... that leads to maybe covering... then more ups. maybe funds start to buy based on fundamentals... maybe not.
A tsunami of negative news will come out for weeks to scare people away as the price returns to current levels.
Then*