It's starting to rally after hours on press release.
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Gamestop
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News Release
" Achieved 6.5% Increase in Comparable Store Sales During Fourth Quarter, With Global E-Commerce Sales Increasing 175% for the Fourth Quarter and 191% for Fiscal 2020
Expense Reduction Initiatives Drove $409 Million, or 21%, SG&A Improvement in Fiscal 2020
Strengthened the Balance Sheet and Ended Fiscal 2020 With $635 Million in Total Cash, Laying the Foundation for Transformation
Announces the Appointment of Technology Veteran Jenna Owens as New Chief Operating Officer..."I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett Kavanaugh
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Those are arguments for 120... or 60... which is much higher than it was 3 months ago (And which I believe) but how are they relevant for 180+ which it has been trading at recently?
JMJon Miller-
I AM.CANADIAN
GENERATION 35: The first time you see this, copy it into your sig on any forum and add 1 to the generation. Social experiment.
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Originally posted by Jon Miller View PostThose are arguments for 120... or 60... which is much higher than it was 3 months ago (And which I believe) but how are they relevant for 180+ which it has been trading at recently?
JMI drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett Kavanaugh
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I just think that all of the sophisticated investors (the ones who can trade off hours) realized that they were at 180 and the stock was worth a lot less and their models didn't show an imminent short squeeze, so might as well get out with the profit they could.
JMJon Miller-
I AM.CANADIAN
GENERATION 35: The first time you see this, copy it into your sig on any forum and add 1 to the generation. Social experiment.
Comment
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Originally posted by Jon Miller View PostI just think that all of the sophisticated investors (the ones who can trade off hours) realized that they were at 180 and the stock was worth a lot less and their models didn't show an imminent short squeeze, so might as well get out with the profit they could.
JM
Idk, we'll see what happens tomorrow.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett Kavanaugh
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154 after hours today.........“It is no use trying to 'see through' first principles. If you see through everything, then everything is transparent. But a wholly transparent world is an invisible world. To 'see through' all things is the same as not to see.”
― C.S. Lewis, The Abolition of Man
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Originally posted by Kidicious View PostIt's being reported that they said they might offer new shares. Not good.
JMJon Miller-
I AM.CANADIAN
GENERATION 35: The first time you see this, copy it into your sig on any forum and add 1 to the generation. Social experiment.
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