Gamestop

vanzandt said:
Its diving into the close.
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Will dive more from then on until they reposition their business. Their current business model is NOT working obviously; they are offering a service that nobody wants anymore and nobody will want to pay for something that they don't want unless you hold a gun to their head. So they won't be making money and since their business is NOT a non-profit as they exist to make profit so as long as they are not making any money, the value of their business represented by the stock price (which is how much people will pay to invest in their business) dives.

Capitalism is brutal!! It has no memories, no nostalgia, no feeling, no forgiveness, just cold reality.
 
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They report this week.
Doing a little research to see if they might pull a Foot-Locker(ish) surprise on Tuesday and trap the shorts.
The stock is dirt cheap. For good reason I guess. Some analysts think there's hope however. Who knows, it won't take much to move it. Dividend appears serviceable. Look what Foot Locker did....

Either way, some of you may find this interesting.... an X-Box 360 for free. I know next to nothing about video games and I guess the X-Box is a dinosaur for the hard core gamers....but as this article points out, its still an incredible system and there are tons of great games that are dirt cheap now for the lesser aficionado.
Plus you can surf the web with it. As functional as a desktop. And free. As in free.

https://www.forbes.com/sites/davidt...campaign=yahootix&partner=yahootix&yptr=yahoo
 
vanzandt said:
They report this week.
Doing a little research to see if they might pull a Foot-Locker(ish) surprise on Tuesday and trap the shorts.
The stock is dirt cheap. For good reason I guess. Some analysts think there's hope however. Who knows, it won't take much to move it. Dividend appears serviceable. Look what Foot Locker did....

Either way, some of you may find this interesting.... an X-Box 360 for free. I know next to nothing about video games and I guess the X-Box is a dinosaur for the hard core gamers....but as this article points out, its still an incredible system and there are tons of great games that are dirt cheap now for the lesser aficionado.
Plus you can surf the web with it. As functional as a desktop. And free. As in free.

https://www.forbes.com/sites/davidt...campaign=yahootix&partner=yahootix&yptr=yahoo
More...

They started, a rental service, similar to Gamefly, where a person could rent any game for $10mos. The XBOX 360 is 10yrs old, the XBOX 1 is 4-5yrs old and their new XBOX Scorpio launched now, an XBOX 1.5, with 4K capabilities like PlayStation 4 Pro, and faster chips but not a new generation. If I remember both Sony and Microsoft have AMD chip sets. For comparison XBOX 1 and PS4 are on sale for $200 as doorbuster deals. As for GameStop idk as they have been on deaths doorstep, a few times, in the past decade, only to reinvent and have strong earnings.
 
Superstar2317 said:
They started, a rental service, similar to Gamefly, where a person could rent any game for $10mos. The XBOX 360 is 10yrs old, the XBOX 1 is 4-5yrs old and their new XBOX Scorpio launched now, an XBOX 1.5, with 4K capabilities like PlayStation 4 Pro, and faster chips but not a new generation. If I remember both Sony and Microsoft have AMD chip sets. For comparison XBOX 1 and PS4 are on sale for $200 as doorbuster deals. As for GameStop idk as they have been on deaths doorstep, a few times, in the past decade, only to reinvent and have strong earnings.
More...
Yeah, I've been reading up on them and going over their books for the last several hours. Ya know... this one might just surprise the shorts. I don't think the stock can go much lower. They have a pile of cash and free cash flow is almost $5/share. 9% dividend. They are the only licensed Apple re-seller too. You can buy a brand spankin new I-Phone X there. And all the goodies. That generates foot traffic. They're far from dead.

Ever the gambler....Me thinks buying some of the $18 calls for .32 at the open tomorrow might yield a three bagger or better.
.....more to follow.
 
Good luck! I have thought about this trade for, the past 2 days, actually. A Dec. $16/$20 call spread is only $1.20 with potential to more than triple your money. With its 33% short interest there is no reason it can't go to $18-$20 on decent earnings, downside is the holiday. If I take my W profit, I'll join you, but strictly, a flip of the coin as I avoid earnings usually. So I assume you're getting Nov. 24's?
 
I think I know more about this company than the temporary CEO. (CEO is out with cancer surgery)
This is no Blockbuster Video or Radio Shack.
They're not going away.
And yes, if I buy the calls they'll be this weeks. But I'm thinking to just go long the stock before the close.
 
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