Gamestop is set to rally ahead of earnings . Gamestop has never been this cheap since 2003 and it is has a much stronger brand name recognition than before. Earning estimate is -.35, but Gamestop GME was one last non essential stores set to close in March. With gaming stocks on a rampage, Gamestop is expected to beat expectations. It is a quarantine stock and a economy re-opening stock since it has generate huge revenues through its online sales. Inverse head and shoulder with a strong bounce off of the throwback. Smart bears closed shorts at the inverse head. Bears looking to short this under $4 will help with the short squeeze when EBAY breaks to all time highs. This has the same setup as Zoom ZM.
GME has reached over $300 on the short squeeze. Are you foolish enough to pony up 30%+ interest rate to short GME and/or pay exorbitant amount on premiums for put options? Diamond hands to $500. $700+ is reach target.
UnknownUnicorn3991366
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Nice Analysis along ... seems like the type of stock Cramer would shill.
I would suprised if there isnt a preorder for next gen consoles over the next 3 weeks.
Console manufacturers would be stupid not to get in some of that stimulus check money before its used up most when this console is going to be at least $500.