Why Now Is Not the Time to Buy GME Stock

38
6
Favorite

Why Now Is Not the Time to Buy GME Stock

InvestorPlace2022-12-19

GameStop (GME) stock rallied 11% after the company reported its quarterly earnings.Prospective investors should carefully check GameStop’s financials before jumping into the trade.It makes sense to ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（6）

Universe宇宙
·2022-12-20
Meme stocks are speculative assets, just like crypto. They have many many issues and some examples are: TerraUSD, Luna, FTX, Three Arrows Capital, Binance, etc. All of my friends who invested in crypto and meme stocks are making tons of losses. These are not assets, these are loss-making pump and dump schemes and investing in them are highly to result in undesirable consequences.
Reply
22
Report
Fold Replies
- Universe宇宙:
  [Like] [ShakeHands]
  2022-12-20
  Reply
  Report
- b1uesky:
  thk for sharing
  2022-12-20
  Reply
  Report
- Universe宇宙:
  [ShakeHands]
  2022-12-20
  Reply
  Report
View more 2 comments
chr15
·2022-12-19
🤡🤡🤡🤡🤡
Reply
Like
Report
Vincentan59
·2022-12-19
🫣🫣🤔
Reply
1
Report
jayjong
·2022-12-19
drsgme.org
Reply
1
Report
Luckygim74
·2022-12-19
Ok
Reply
1
Report
sunflower19
·2022-12-19
🤔🤔
Reply
3
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1114287035?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-12-19 08:50","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1114287035","market":"us","top_or_hot":-1,"title":"Why Now Is Not the Time to Buy GME Stock","media":"InvestorPlace","content":"<div>\n<p>GameStop (GME) stock rallied 11% after the company reported its quarterly earnings.Prospective investors should carefully check GameStop’s financials before jumping into the trade.It makes sense to ...</p>\n\n<a href=\"https://investorplace.com/2022/12/why-now-is-not-the-time-to-buy-gme-stock/\">Source Link</a>\n\n</div>\n","source":"investorplace","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Now Is Not the Time to Buy GME Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Now Is Not the Time to Buy GME Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-19 08:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/12/why-now-is-not-the-time-to-buy-gme-stock/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop (GME) stock rallied 11% after the company reported its quarterly earnings.Prospective investors should carefully check GameStop’s financials before jumping into the trade.It makes sense to ...</p>\n\n<a href=\"https://investorplace.com/2022/12/why-now-is-not-the-time-to-buy-gme-stock/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GME","symbol_name":"游戏驿站","start_time":0,"source_url":"https://investorplace.com/2022/12/why-now-is-not-the-time-to-buy-gme-stock/","article_id":"1114287035","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1114287035","pubTimestamp":1671411002,"sourceInfo":{"source_id":"investorplace","name":"InvestorPlace"},"weMediaInfo":null,"summary":"GameStop (GME) stock rallied 11% after the company reported its quarterly earnings.Prospective inves","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GME":"游戏驿站"},"translate_title":"为什么现在不是买入GME股票的时候","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GME":0.9},"content_text":"GameStop (GME) stock rallied 11% after the company reported its quarterly earnings.Prospective investors should carefully check GameStop’s financials before jumping into the trade.It makes sense to wait for lower prices before buying GME stock.Recently, I begged people not to invest in video game retailer GameStop (NYSE:GME) yet. I suggested that GME stock needs to hit $20 before anyone should jump into the trade. Even after a post-earnings rally, I’m standing by the wait-for-$20 strategy as GameStop’s financials aren’t as stellar as some perma-bulls might assume.Don’t get me wrong — I fully understand the temptation to grab shares of GameStop and hope for another Reddit-fueled rally. After all, there’s nothing more satisfying than beating the wealthy short sellers at their own game.Bear in mind, though, that you’re investing in a business, not just a stock. Fundamentals do matter, and it could be game over for GameStop’s investors if the company can’t demonstrate progress toward profitability.GME Stock Traders Went HaywireGME stock closed at around $22.26 on Dec. 7. The trading volume was heavy as Wall Street braced for GameStop’s third-quarter 2022 earnings release. The next day, Dec. 8, the shares closed at around $24.79 for an 11% gain.Were GameStop’s quarterly results so great that they warranted an 11% share-price run-up? Or, is it possible that some traders were giving in to FOMO — fear of missing out? Perhaps, they hoped to catch the next big meme-stock spike before it was too late.The very next day, Dec. 9, GME stock was already falling fast and heading back toward that crucial $20 level that I had previously warned you about. It’s a sensible strategy to pick a level with historical support and then wait patiently for the stock to decline to that price point before placing a trade.In any case, clear-minded investors should consider a company’s financials rather than focus solely on a stock’s price action. So, let’s see if GameStop’s quarterly results actually justified a FOMO rally.GameStop Has to Climb Out of a Deep HoleVideo games aren’t quite the red-hot commodity that they were during and immediately after the Covid-19 crisis. Plus, inflation made it more difficult for consumers to afford video game purchases in the months leading up to the holidays. Additionally, GameStop’s digital-wallet ambitions were crimped by the “crypto winter” of 2022 and the bursting of the non-fungible token (NFT) bubble.These factors, among others, weighed on GameStop’sthird-quarter fiscal 2022 financial results. As it turned out, the company’s net sales of $1.186 billion lagged the $1.297 billion generated during the prior year’s third quarter. Analysts, meanwhile, had hoped to see$1.36 billion in quarterly revenue.Turning to the bottom line, GameStop posted an earnings loss of 31 cents per share, versus Wall Street’s forecast that the company would only lose 28 cents per share. The situation also looks bleak when we extend the time frame. During the 39 weeks ended Oct. 30, 2021, GameStop incurred a $233.8 million net loss. Fast-forward to the 39 weeks ended Oct. 30, 2022, and the company sustained a net loss of $361.3 million during that time.Don’t Fall Victim to the FOMO Trade With GME StockGameStop’s financial hole, it seems, has only deepened. If you’re doing anything with GME stock besides flipping it for a very short-term trade, be careful.Sometimes, the market gets it “wrong” by reacting irrationally to a company’s earnings report. In the case of GameStop, there were undoubtedly some FOMO traders pushing the share price up. They might already regret their haste. You don’t have to join them, as GameStop’s fundamentals don’t justify a long share position now.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9926893436,"gmtCreate":1671502238625,"gmtModify":1676538546899,"author":{"id":"3585001294737518","authorId":"3585001294737518","name":"Universe宇宙","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":6,"crmLevelSwitch":0,"idStr":"3585001294737518","authorIdStr":"3585001294737518"},"htmlText":"Meme stocks are speculative assets, just like crypto. They have many many issues and some examples are: TerraUSD, Luna, FTX, Three Arrows Capital, Binance, etc. All of my friends who invested in crypto and meme stocks are making tons of losses. These are not assets, these are loss-making pump and dump schemes and investing in them are highly to result in undesirable consequences.","listText":"Meme stocks are speculative assets, just like crypto. They have many many issues and some examples are: TerraUSD, Luna, FTX, Three Arrows Capital, Binance, etc. All of my friends who invested in crypto and meme stocks are making tons of losses. These are not assets, these are loss-making pump and dump schemes and investing in them are highly to result in undesirable consequences.","text":"Meme stocks are speculative assets, just like crypto. They have many many issues and some examples are: TerraUSD, Luna, FTX, Three Arrows Capital, Binance, etc. All of my friends who invested in crypto and meme stocks are making tons of losses. These are not assets, these are loss-making pump and dump schemes and investing in them are highly to result in undesirable consequences.","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":22,"commentSize":31,"repostSize":0,"link":"https://ttm.financial/post/9926893436","repostId":1114287035,"repostType":4,"repost":{"id":"1114287035","pubTimestamp":1671411002,"share":"https://ttm.financial/m/news/1114287035?lang=&edition=fundamental","pubTime":"2022-12-19 08:50","market":"us","language":"en","title":"Why Now Is Not the Time to Buy GME Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1114287035","media":"InvestorPlace","summary":"GameStop (GME) stock rallied 11% after the company reported its quarterly earnings.Prospective inves","content":"<html><head></head><body><ul><li><b>GameStop</b> (<b><u>GME</u></b>) stock rallied 11% after the company reported its quarterly earnings.</li><li>Prospective investors should carefully check GameStop’s financials before jumping into the trade.</li><li>It makes sense to wait for lower prices before buying GME stock.</li></ul><p>Recently, I begged people not to invest in video game retailer <b>GameStop</b> (NYSE:<b><u>GME</u></b>) yet. I suggested that GME stock needs to hit $20 before anyone should jump into the trade. Even after a post-earnings rally, I’m standing by the wait-for-$20 strategy as GameStop’s financials aren’t as stellar as some perma-bulls might assume.</p><p>Don’t get me wrong — I fully understand the temptation to grab shares of GameStop and hope for another <b>Reddit</b>-fueled rally. After all, there’s nothing more satisfying than beating the wealthy short sellers at their own game.</p><p>Bear in mind, though, that you’re investing in a business, not just a stock. Fundamentals do matter, and it could be game over for GameStop’s investors if the company can’t demonstrate progress toward profitability.</p><p><b>GME Stock Traders Went Haywire</b></p><p>GME stock closed at around $22.26 on Dec. 7. The trading volume was heavy as Wall Street braced for GameStop’s third-quarter 2022 earnings release. The next day, Dec. 8, the shares closed at around $24.79 for an 11% gain.</p><p>Were GameStop’s quarterly results so great that they warranted an 11% share-price run-up? Or, is it possible that some traders were giving in to FOMO — fear of missing out? Perhaps, they hoped to catch the next big meme-stock spike before it was too late.</p><p>The very next day, Dec. 9, GME stock was already falling fast and heading back toward that crucial $20 level that I had previously warned you about. It’s a sensible strategy to pick a level with historical support and then wait patiently for the stock to decline to that price point before placing a trade.</p><p>In any case, clear-minded investors should consider a company’s financials rather than focus solely on a stock’s price action. So, let’s see if GameStop’s quarterly results actually justified a FOMO rally.</p><p><b>GameStop Has to Climb Out of a Deep Hole</b></p><p>Video games aren’t quite the red-hot commodity that they were during and immediately after the Covid-19 crisis. Plus, inflation made it more difficult for consumers to afford video game purchases in the months leading up to the holidays. Additionally, GameStop’s digital-wallet ambitions were crimped by the “crypto winter” of 2022 and the bursting of the non-fungible token (NFT) bubble.</p><p>These factors, among others, weighed on GameStop’sthird-quarter fiscal 2022 financial results. As it turned out, the company’s net sales of $1.186 billion lagged the $1.297 billion generated during the prior year’s third quarter. Analysts, meanwhile, had hoped to see$1.36 billion in quarterly revenue.</p><p>Turning to the bottom line, GameStop posted an earnings loss of 31 cents per share, versus Wall Street’s forecast that the company would only lose 28 cents per share. The situation also looks bleak when we extend the time frame. During the 39 weeks ended Oct. 30, 2021, GameStop incurred a $233.8 million net loss. Fast-forward to the 39 weeks ended Oct. 30, 2022, and the company sustained a net loss of $361.3 million during that time.</p><p><b>Don’t Fall Victim to the FOMO Trade With GME Stock</b></p><p>GameStop’s financial hole, it seems, has only deepened. If you’re doing anything with GME stock besides flipping it for a very short-term trade, be careful.</p><p>Sometimes, the market gets it “wrong” by reacting irrationally to a company’s earnings report. In the case of GameStop, there were undoubtedly some FOMO traders pushing the share price up. They might already regret their haste. You don’t have to join them, as GameStop’s fundamentals don’t justify a long share position now.</p></body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Now Is Not the Time to Buy GME Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Now Is Not the Time to Buy GME Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-19 08:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/12/why-now-is-not-the-time-to-buy-gme-stock/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop (GME) stock rallied 11% after the company reported its quarterly earnings.Prospective investors should carefully check GameStop’s financials before jumping into the trade.It makes sense to ...</p>\n\n<a href=\"https://investorplace.com/2022/12/why-now-is-not-the-time-to-buy-gme-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://investorplace.com/2022/12/why-now-is-not-the-time-to-buy-gme-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114287035","content_text":"GameStop (GME) stock rallied 11% after the company reported its quarterly earnings.Prospective investors should carefully check GameStop’s financials before jumping into the trade.It makes sense to wait for lower prices before buying GME stock.Recently, I begged people not to invest in video game retailer GameStop (NYSE:GME) yet. I suggested that GME stock needs to hit $20 before anyone should jump into the trade. Even after a post-earnings rally, I’m standing by the wait-for-$20 strategy as GameStop’s financials aren’t as stellar as some perma-bulls might assume.Don’t get me wrong — I fully understand the temptation to grab shares of GameStop and hope for another Reddit-fueled rally. After all, there’s nothing more satisfying than beating the wealthy short sellers at their own game.Bear in mind, though, that you’re investing in a business, not just a stock. Fundamentals do matter, and it could be game over for GameStop’s investors if the company can’t demonstrate progress toward profitability.GME Stock Traders Went HaywireGME stock closed at around $22.26 on Dec. 7. The trading volume was heavy as Wall Street braced for GameStop’s third-quarter 2022 earnings release. The next day, Dec. 8, the shares closed at around $24.79 for an 11% gain.Were GameStop’s quarterly results so great that they warranted an 11% share-price run-up? Or, is it possible that some traders were giving in to FOMO — fear of missing out? Perhaps, they hoped to catch the next big meme-stock spike before it was too late.The very next day, Dec. 9, GME stock was already falling fast and heading back toward that crucial $20 level that I had previously warned you about. It’s a sensible strategy to pick a level with historical support and then wait patiently for the stock to decline to that price point before placing a trade.In any case, clear-minded investors should consider a company’s financials rather than focus solely on a stock’s price action. So, let’s see if GameStop’s quarterly results actually justified a FOMO rally.GameStop Has to Climb Out of a Deep HoleVideo games aren’t quite the red-hot commodity that they were during and immediately after the Covid-19 crisis. Plus, inflation made it more difficult for consumers to afford video game purchases in the months leading up to the holidays. Additionally, GameStop’s digital-wallet ambitions were crimped by the “crypto winter” of 2022 and the bursting of the non-fungible token (NFT) bubble.These factors, among others, weighed on GameStop’sthird-quarter fiscal 2022 financial results. As it turned out, the company’s net sales of $1.186 billion lagged the $1.297 billion generated during the prior year’s third quarter. Analysts, meanwhile, had hoped to see$1.36 billion in quarterly revenue.Turning to the bottom line, GameStop posted an earnings loss of 31 cents per share, versus Wall Street’s forecast that the company would only lose 28 cents per share. The situation also looks bleak when we extend the time frame. During the 39 weeks ended Oct. 30, 2021, GameStop incurred a $233.8 million net loss. Fast-forward to the 39 weeks ended Oct. 30, 2022, and the company sustained a net loss of $361.3 million during that time.Don’t Fall Victim to the FOMO Trade With GME StockGameStop’s financial hole, it seems, has only deepened. If you’re doing anything with GME stock besides flipping it for a very short-term trade, be careful.Sometimes, the market gets it “wrong” by reacting irrationally to a company’s earnings report. In the case of GameStop, there were undoubtedly some FOMO traders pushing the share price up. They might already regret their haste. You don’t have to join them, as GameStop’s fundamentals don’t justify a long share position now.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105271515,"gmtCreate":1671509130797,"gmtModify":1671509144000,"authorId":3585001294737518,"author":{"id":3585001294737518,"idStr":"3585001294737518","authorId":3585001294737518,"name":"Universe宇宙","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9926893436,"type":1,"supId":105271193,"prevId":0,"content":"[Like] [ShakeHands]","text":"[Like] [ShakeHands]","html":"[Like] [ShakeHands]"},{"id":105271193,"gmtCreate":1671507886759,"gmtModify":1671507899938,"authorId":4096368443831390,"author":{"id":4096368443831390,"idStr":"4096368443831390","authorId":4096368443831390,"name":"b1uesky","avatar":"https://static.tigerbbs.com/87ef9b02e19a8acfaa7ae5b147b70882","vip":1,"currentWearingBadge":{"badgeId":"774ec6f7ffe24a9989b2ca2e139f4b37-1","templateUuid":"774ec6f7ffe24a9989b2ca2e139f4b37","name":"Argentinian Tiger","description":"Joined related football topic in the Tiger community","bigImgUrl":"https://community-static.tradeup.com/news/c4b9257022d333bf6d664b757ae424bf","smallImgUrl":"https://community-static.tradeup.com/news/c4b9257022d333bf6d664b757ae424bf","redirectLinkEnabled":0,"redirectLink":"https://ttm.financial/TW/9928304122","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.12.17","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":4001},"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9926893436,"type":1,"supId":0,"prevId":0,"content":"thk for sharing","text":"thk for sharing","html":"thk for sharing"},{"id":105270188,"gmtCreate":1671503071703,"gmtModify":1671503085746,"authorId":3585001294737518,"author":{"id":3585001294737518,"idStr":"3585001294737518","authorId":3585001294737518,"name":"Universe宇宙","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9926893436,"type":1,"supId":105270124,"prevId":0,"content":"[ShakeHands]","text":"[ShakeHands]","html":"[ShakeHands]"},{"id":105270185,"gmtCreate":1671503065986,"gmtModify":1671503080257,"authorId":3585001294737518,"author":{"id":3585001294737518,"idStr":"3585001294737518","authorId":3585001294737518,"name":"Universe宇宙","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9926893436,"type":1,"supId":105270121,"prevId":0,"content":"[ShakeHands]","text":"[ShakeHands]","html":"[ShakeHands]"},{"id":105270191,"gmtCreate":1671503077325,"gmtModify":1671503078411,"authorId":3585001294737518,"author":{"id":3585001294737518,"idStr":"3585001294737518","authorId":3585001294737518,"name":"Universe宇宙","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9926893436,"type":1,"supId":105270132,"prevId":0,"content":"[ShakeHands]","text":"[ShakeHands]","html":"[ShakeHands]"}],"langContent":"EN"},{"id":9926337191,"gmtCreate":1671464092313,"gmtModify":1676538540859,"author":{"id":"3571539563271324","authorId":"3571539563271324","name":"chr15","avatar":"https://static.itradeup.com/news/13577358120ab8cc55432ba4d58e7cf4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3571539563271324","authorIdStr":"3571539563271324"},"htmlText":"🤡🤡🤡🤡🤡","listText":"🤡🤡🤡🤡🤡","text":"🤡🤡🤡🤡🤡","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9926337191","repostId":1114287035,"repostType":2,"repost":{"id":"1114287035","pubTimestamp":1671411002,"share":"https://ttm.financial/m/news/1114287035?lang=&edition=fundamental","pubTime":"2022-12-19 08:50","market":"us","language":"en","title":"Why Now Is Not the Time to Buy GME Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1114287035","media":"InvestorPlace","summary":"GameStop (GME) stock rallied 11% after the company reported its quarterly earnings.Prospective inves","content":"<html><head></head><body><ul><li><b>GameStop</b> (<b><u>GME</u></b>) stock rallied 11% after the company reported its quarterly earnings.</li><li>Prospective investors should carefully check GameStop’s financials before jumping into the trade.</li><li>It makes sense to wait for lower prices before buying GME stock.</li></ul><p>Recently, I begged people not to invest in video game retailer <b>GameStop</b> (NYSE:<b><u>GME</u></b>) yet. I suggested that GME stock needs to hit $20 before anyone should jump into the trade. Even after a post-earnings rally, I’m standing by the wait-for-$20 strategy as GameStop’s financials aren’t as stellar as some perma-bulls might assume.</p><p>Don’t get me wrong — I fully understand the temptation to grab shares of GameStop and hope for another <b>Reddit</b>-fueled rally. After all, there’s nothing more satisfying than beating the wealthy short sellers at their own game.</p><p>Bear in mind, though, that you’re investing in a business, not just a stock. Fundamentals do matter, and it could be game over for GameStop’s investors if the company can’t demonstrate progress toward profitability.</p><p><b>GME Stock Traders Went Haywire</b></p><p>GME stock closed at around $22.26 on Dec. 7. The trading volume was heavy as Wall Street braced for GameStop’s third-quarter 2022 earnings release. The next day, Dec. 8, the shares closed at around $24.79 for an 11% gain.</p><p>Were GameStop’s quarterly results so great that they warranted an 11% share-price run-up? Or, is it possible that some traders were giving in to FOMO — fear of missing out? Perhaps, they hoped to catch the next big meme-stock spike before it was too late.</p><p>The very next day, Dec. 9, GME stock was already falling fast and heading back toward that crucial $20 level that I had previously warned you about. It’s a sensible strategy to pick a level with historical support and then wait patiently for the stock to decline to that price point before placing a trade.</p><p>In any case, clear-minded investors should consider a company’s financials rather than focus solely on a stock’s price action. So, let’s see if GameStop’s quarterly results actually justified a FOMO rally.</p><p><b>GameStop Has to Climb Out of a Deep Hole</b></p><p>Video games aren’t quite the red-hot commodity that they were during and immediately after the Covid-19 crisis. Plus, inflation made it more difficult for consumers to afford video game purchases in the months leading up to the holidays. Additionally, GameStop’s digital-wallet ambitions were crimped by the “crypto winter” of 2022 and the bursting of the non-fungible token (NFT) bubble.</p><p>These factors, among others, weighed on GameStop’sthird-quarter fiscal 2022 financial results. As it turned out, the company’s net sales of $1.186 billion lagged the $1.297 billion generated during the prior year’s third quarter. Analysts, meanwhile, had hoped to see$1.36 billion in quarterly revenue.</p><p>Turning to the bottom line, GameStop posted an earnings loss of 31 cents per share, versus Wall Street’s forecast that the company would only lose 28 cents per share. The situation also looks bleak when we extend the time frame. During the 39 weeks ended Oct. 30, 2021, GameStop incurred a $233.8 million net loss. Fast-forward to the 39 weeks ended Oct. 30, 2022, and the company sustained a net loss of $361.3 million during that time.</p><p><b>Don’t Fall Victim to the FOMO Trade With GME Stock</b></p><p>GameStop’s financial hole, it seems, has only deepened. If you’re doing anything with GME stock besides flipping it for a very short-term trade, be careful.</p><p>Sometimes, the market gets it “wrong” by reacting irrationally to a company’s earnings report. In the case of GameStop, there were undoubtedly some FOMO traders pushing the share price up. They might already regret their haste. You don’t have to join them, as GameStop’s fundamentals don’t justify a long share position now.</p></body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Now Is Not the Time to Buy GME Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Now Is Not the Time to Buy GME Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-19 08:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/12/why-now-is-not-the-time-to-buy-gme-stock/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop (GME) stock rallied 11% after the company reported its quarterly earnings.Prospective investors should carefully check GameStop’s financials before jumping into the trade.It makes sense to ...</p>\n\n<a href=\"https://investorplace.com/2022/12/why-now-is-not-the-time-to-buy-gme-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://investorplace.com/2022/12/why-now-is-not-the-time-to-buy-gme-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114287035","content_text":"GameStop (GME) stock rallied 11% after the company reported its quarterly earnings.Prospective investors should carefully check GameStop’s financials before jumping into the trade.It makes sense to wait for lower prices before buying GME stock.Recently, I begged people not to invest in video game retailer GameStop (NYSE:GME) yet. I suggested that GME stock needs to hit $20 before anyone should jump into the trade. Even after a post-earnings rally, I’m standing by the wait-for-$20 strategy as GameStop’s financials aren’t as stellar as some perma-bulls might assume.Don’t get me wrong — I fully understand the temptation to grab shares of GameStop and hope for another Reddit-fueled rally. After all, there’s nothing more satisfying than beating the wealthy short sellers at their own game.Bear in mind, though, that you’re investing in a business, not just a stock. Fundamentals do matter, and it could be game over for GameStop’s investors if the company can’t demonstrate progress toward profitability.GME Stock Traders Went HaywireGME stock closed at around $22.26 on Dec. 7. The trading volume was heavy as Wall Street braced for GameStop’s third-quarter 2022 earnings release. The next day, Dec. 8, the shares closed at around $24.79 for an 11% gain.Were GameStop’s quarterly results so great that they warranted an 11% share-price run-up? Or, is it possible that some traders were giving in to FOMO — fear of missing out? Perhaps, they hoped to catch the next big meme-stock spike before it was too late.The very next day, Dec. 9, GME stock was already falling fast and heading back toward that crucial $20 level that I had previously warned you about. It’s a sensible strategy to pick a level with historical support and then wait patiently for the stock to decline to that price point before placing a trade.In any case, clear-minded investors should consider a company’s financials rather than focus solely on a stock’s price action. So, let’s see if GameStop’s quarterly results actually justified a FOMO rally.GameStop Has to Climb Out of a Deep HoleVideo games aren’t quite the red-hot commodity that they were during and immediately after the Covid-19 crisis. Plus, inflation made it more difficult for consumers to afford video game purchases in the months leading up to the holidays. Additionally, GameStop’s digital-wallet ambitions were crimped by the “crypto winter” of 2022 and the bursting of the non-fungible token (NFT) bubble.These factors, among others, weighed on GameStop’sthird-quarter fiscal 2022 financial results. As it turned out, the company’s net sales of $1.186 billion lagged the $1.297 billion generated during the prior year’s third quarter. Analysts, meanwhile, had hoped to see$1.36 billion in quarterly revenue.Turning to the bottom line, GameStop posted an earnings loss of 31 cents per share, versus Wall Street’s forecast that the company would only lose 28 cents per share. The situation also looks bleak when we extend the time frame. During the 39 weeks ended Oct. 30, 2021, GameStop incurred a $233.8 million net loss. Fast-forward to the 39 weeks ended Oct. 30, 2022, and the company sustained a net loss of $361.3 million during that time.Don’t Fall Victim to the FOMO Trade With GME StockGameStop’s financial hole, it seems, has only deepened. If you’re doing anything with GME stock besides flipping it for a very short-term trade, be careful.Sometimes, the market gets it “wrong” by reacting irrationally to a company’s earnings report. In the case of GameStop, there were undoubtedly some FOMO traders pushing the share price up. They might already regret their haste. You don’t have to join them, as GameStop’s fundamentals don’t justify a long share position now.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9926018590,"gmtCreate":1671418090610,"gmtModify":1676538533167,"author":{"id":"4098866635611070","authorId":"4098866635611070","name":"Vincentan59","avatar":"https://community-static.tradeup.com/news/a5c91735e742c607283b7643b505c8e4","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":2,"crmLevelSwitch":1,"idStr":"4098866635611070","authorIdStr":"4098866635611070"},"htmlText":"🫣🫣🤔","listText":"🫣🫣🤔","text":"🫣🫣🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9926018590","repostId":1114287035,"repostType":4,"repost":{"id":"1114287035","pubTimestamp":1671411002,"share":"https://ttm.financial/m/news/1114287035?lang=&edition=fundamental","pubTime":"2022-12-19 08:50","market":"us","language":"en","title":"Why Now Is Not the Time to Buy GME Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1114287035","media":"InvestorPlace","summary":"GameStop (GME) stock rallied 11% after the company reported its quarterly earnings.Prospective inves","content":"<html><head></head><body><ul><li><b>GameStop</b> (<b><u>GME</u></b>) stock rallied 11% after the company reported its quarterly earnings.</li><li>Prospective investors should carefully check GameStop’s financials before jumping into the trade.</li><li>It makes sense to wait for lower prices before buying GME stock.</li></ul><p>Recently, I begged people not to invest in video game retailer <b>GameStop</b> (NYSE:<b><u>GME</u></b>) yet. I suggested that GME stock needs to hit $20 before anyone should jump into the trade. Even after a post-earnings rally, I’m standing by the wait-for-$20 strategy as GameStop’s financials aren’t as stellar as some perma-bulls might assume.</p><p>Don’t get me wrong — I fully understand the temptation to grab shares of GameStop and hope for another <b>Reddit</b>-fueled rally. After all, there’s nothing more satisfying than beating the wealthy short sellers at their own game.</p><p>Bear in mind, though, that you’re investing in a business, not just a stock. Fundamentals do matter, and it could be game over for GameStop’s investors if the company can’t demonstrate progress toward profitability.</p><p><b>GME Stock Traders Went Haywire</b></p><p>GME stock closed at around $22.26 on Dec. 7. The trading volume was heavy as Wall Street braced for GameStop’s third-quarter 2022 earnings release. The next day, Dec. 8, the shares closed at around $24.79 for an 11% gain.</p><p>Were GameStop’s quarterly results so great that they warranted an 11% share-price run-up? Or, is it possible that some traders were giving in to FOMO — fear of missing out? Perhaps, they hoped to catch the next big meme-stock spike before it was too late.</p><p>The very next day, Dec. 9, GME stock was already falling fast and heading back toward that crucial $20 level that I had previously warned you about. It’s a sensible strategy to pick a level with historical support and then wait patiently for the stock to decline to that price point before placing a trade.</p><p>In any case, clear-minded investors should consider a company’s financials rather than focus solely on a stock’s price action. So, let’s see if GameStop’s quarterly results actually justified a FOMO rally.</p><p><b>GameStop Has to Climb Out of a Deep Hole</b></p><p>Video games aren’t quite the red-hot commodity that they were during and immediately after the Covid-19 crisis. Plus, inflation made it more difficult for consumers to afford video game purchases in the months leading up to the holidays. Additionally, GameStop’s digital-wallet ambitions were crimped by the “crypto winter” of 2022 and the bursting of the non-fungible token (NFT) bubble.</p><p>These factors, among others, weighed on GameStop’sthird-quarter fiscal 2022 financial results. As it turned out, the company’s net sales of $1.186 billion lagged the $1.297 billion generated during the prior year’s third quarter. Analysts, meanwhile, had hoped to see$1.36 billion in quarterly revenue.</p><p>Turning to the bottom line, GameStop posted an earnings loss of 31 cents per share, versus Wall Street’s forecast that the company would only lose 28 cents per share. The situation also looks bleak when we extend the time frame. During the 39 weeks ended Oct. 30, 2021, GameStop incurred a $233.8 million net loss. Fast-forward to the 39 weeks ended Oct. 30, 2022, and the company sustained a net loss of $361.3 million during that time.</p><p><b>Don’t Fall Victim to the FOMO Trade With GME Stock</b></p><p>GameStop’s financial hole, it seems, has only deepened. If you’re doing anything with GME stock besides flipping it for a very short-term trade, be careful.</p><p>Sometimes, the market gets it “wrong” by reacting irrationally to a company’s earnings report. In the case of GameStop, there were undoubtedly some FOMO traders pushing the share price up. They might already regret their haste. You don’t have to join them, as GameStop’s fundamentals don’t justify a long share position now.</p></body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Now Is Not the Time to Buy GME Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Now Is Not the Time to Buy GME Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-19 08:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/12/why-now-is-not-the-time-to-buy-gme-stock/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop (GME) stock rallied 11% after the company reported its quarterly earnings.Prospective investors should carefully check GameStop’s financials before jumping into the trade.It makes sense to ...</p>\n\n<a href=\"https://investorplace.com/2022/12/why-now-is-not-the-time-to-buy-gme-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://investorplace.com/2022/12/why-now-is-not-the-time-to-buy-gme-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114287035","content_text":"GameStop (GME) stock rallied 11% after the company reported its quarterly earnings.Prospective investors should carefully check GameStop’s financials before jumping into the trade.It makes sense to wait for lower prices before buying GME stock.Recently, I begged people not to invest in video game retailer GameStop (NYSE:GME) yet. I suggested that GME stock needs to hit $20 before anyone should jump into the trade. Even after a post-earnings rally, I’m standing by the wait-for-$20 strategy as GameStop’s financials aren’t as stellar as some perma-bulls might assume.Don’t get me wrong — I fully understand the temptation to grab shares of GameStop and hope for another Reddit-fueled rally. After all, there’s nothing more satisfying than beating the wealthy short sellers at their own game.Bear in mind, though, that you’re investing in a business, not just a stock. Fundamentals do matter, and it could be game over for GameStop’s investors if the company can’t demonstrate progress toward profitability.GME Stock Traders Went HaywireGME stock closed at around $22.26 on Dec. 7. The trading volume was heavy as Wall Street braced for GameStop’s third-quarter 2022 earnings release. The next day, Dec. 8, the shares closed at around $24.79 for an 11% gain.Were GameStop’s quarterly results so great that they warranted an 11% share-price run-up? Or, is it possible that some traders were giving in to FOMO — fear of missing out? Perhaps, they hoped to catch the next big meme-stock spike before it was too late.The very next day, Dec. 9, GME stock was already falling fast and heading back toward that crucial $20 level that I had previously warned you about. It’s a sensible strategy to pick a level with historical support and then wait patiently for the stock to decline to that price point before placing a trade.In any case, clear-minded investors should consider a company’s financials rather than focus solely on a stock’s price action. So, let’s see if GameStop’s quarterly results actually justified a FOMO rally.GameStop Has to Climb Out of a Deep HoleVideo games aren’t quite the red-hot commodity that they were during and immediately after the Covid-19 crisis. Plus, inflation made it more difficult for consumers to afford video game purchases in the months leading up to the holidays. Additionally, GameStop’s digital-wallet ambitions were crimped by the “crypto winter” of 2022 and the bursting of the non-fungible token (NFT) bubble.These factors, among others, weighed on GameStop’sthird-quarter fiscal 2022 financial results. As it turned out, the company’s net sales of $1.186 billion lagged the $1.297 billion generated during the prior year’s third quarter. Analysts, meanwhile, had hoped to see$1.36 billion in quarterly revenue.Turning to the bottom line, GameStop posted an earnings loss of 31 cents per share, versus Wall Street’s forecast that the company would only lose 28 cents per share. The situation also looks bleak when we extend the time frame. During the 39 weeks ended Oct. 30, 2021, GameStop incurred a $233.8 million net loss. Fast-forward to the 39 weeks ended Oct. 30, 2022, and the company sustained a net loss of $361.3 million during that time.Don’t Fall Victim to the FOMO Trade With GME StockGameStop’s financial hole, it seems, has only deepened. If you’re doing anything with GME stock besides flipping it for a very short-term trade, be careful.Sometimes, the market gets it “wrong” by reacting irrationally to a company’s earnings report. In the case of GameStop, there were undoubtedly some FOMO traders pushing the share price up. They might already regret their haste. You don’t have to join them, as GameStop’s fundamentals don’t justify a long share position now.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9926090952,"gmtCreate":1671414788677,"gmtModify":1676538532254,"author":{"id":"3572242811173585","authorId":"3572242811173585","name":"jayjong","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3572242811173585","authorIdStr":"3572242811173585"},"htmlText":"drsgme.org","listText":"drsgme.org","text":"drsgme.org","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9926090952","repostId":1114287035,"repostType":2,"repost":{"id":"1114287035","pubTimestamp":1671411002,"share":"https://ttm.financial/m/news/1114287035?lang=&edition=fundamental","pubTime":"2022-12-19 08:50","market":"us","language":"en","title":"Why Now Is Not the Time to Buy GME Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1114287035","media":"InvestorPlace","summary":"GameStop (GME) stock rallied 11% after the company reported its quarterly earnings.Prospective inves","content":"<html><head></head><body><ul><li><b>GameStop</b> (<b><u>GME</u></b>) stock rallied 11% after the company reported its quarterly earnings.</li><li>Prospective investors should carefully check GameStop’s financials before jumping into the trade.</li><li>It makes sense to wait for lower prices before buying GME stock.</li></ul><p>Recently, I begged people not to invest in video game retailer <b>GameStop</b> (NYSE:<b><u>GME</u></b>) yet. I suggested that GME stock needs to hit $20 before anyone should jump into the trade. Even after a post-earnings rally, I’m standing by the wait-for-$20 strategy as GameStop’s financials aren’t as stellar as some perma-bulls might assume.</p><p>Don’t get me wrong — I fully understand the temptation to grab shares of GameStop and hope for another <b>Reddit</b>-fueled rally. After all, there’s nothing more satisfying than beating the wealthy short sellers at their own game.</p><p>Bear in mind, though, that you’re investing in a business, not just a stock. Fundamentals do matter, and it could be game over for GameStop’s investors if the company can’t demonstrate progress toward profitability.</p><p><b>GME Stock Traders Went Haywire</b></p><p>GME stock closed at around $22.26 on Dec. 7. The trading volume was heavy as Wall Street braced for GameStop’s third-quarter 2022 earnings release. The next day, Dec. 8, the shares closed at around $24.79 for an 11% gain.</p><p>Were GameStop’s quarterly results so great that they warranted an 11% share-price run-up? Or, is it possible that some traders were giving in to FOMO — fear of missing out? Perhaps, they hoped to catch the next big meme-stock spike before it was too late.</p><p>The very next day, Dec. 9, GME stock was already falling fast and heading back toward that crucial $20 level that I had previously warned you about. It’s a sensible strategy to pick a level with historical support and then wait patiently for the stock to decline to that price point before placing a trade.</p><p>In any case, clear-minded investors should consider a company’s financials rather than focus solely on a stock’s price action. So, let’s see if GameStop’s quarterly results actually justified a FOMO rally.</p><p><b>GameStop Has to Climb Out of a Deep Hole</b></p><p>Video games aren’t quite the red-hot commodity that they were during and immediately after the Covid-19 crisis. Plus, inflation made it more difficult for consumers to afford video game purchases in the months leading up to the holidays. Additionally, GameStop’s digital-wallet ambitions were crimped by the “crypto winter” of 2022 and the bursting of the non-fungible token (NFT) bubble.</p><p>These factors, among others, weighed on GameStop’sthird-quarter fiscal 2022 financial results. As it turned out, the company’s net sales of $1.186 billion lagged the $1.297 billion generated during the prior year’s third quarter. Analysts, meanwhile, had hoped to see$1.36 billion in quarterly revenue.</p><p>Turning to the bottom line, GameStop posted an earnings loss of 31 cents per share, versus Wall Street’s forecast that the company would only lose 28 cents per share. The situation also looks bleak when we extend the time frame. During the 39 weeks ended Oct. 30, 2021, GameStop incurred a $233.8 million net loss. Fast-forward to the 39 weeks ended Oct. 30, 2022, and the company sustained a net loss of $361.3 million during that time.</p><p><b>Don’t Fall Victim to the FOMO Trade With GME Stock</b></p><p>GameStop’s financial hole, it seems, has only deepened. If you’re doing anything with GME stock besides flipping it for a very short-term trade, be careful.</p><p>Sometimes, the market gets it “wrong” by reacting irrationally to a company’s earnings report. In the case of GameStop, there were undoubtedly some FOMO traders pushing the share price up. They might already regret their haste. You don’t have to join them, as GameStop’s fundamentals don’t justify a long share position now.</p></body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Now Is Not the Time to Buy GME Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Now Is Not the Time to Buy GME Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-19 08:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/12/why-now-is-not-the-time-to-buy-gme-stock/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop (GME) stock rallied 11% after the company reported its quarterly earnings.Prospective investors should carefully check GameStop’s financials before jumping into the trade.It makes sense to ...</p>\n\n<a href=\"https://investorplace.com/2022/12/why-now-is-not-the-time-to-buy-gme-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://investorplace.com/2022/12/why-now-is-not-the-time-to-buy-gme-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114287035","content_text":"GameStop (GME) stock rallied 11% after the company reported its quarterly earnings.Prospective investors should carefully check GameStop’s financials before jumping into the trade.It makes sense to wait for lower prices before buying GME stock.Recently, I begged people not to invest in video game retailer GameStop (NYSE:GME) yet. I suggested that GME stock needs to hit $20 before anyone should jump into the trade. Even after a post-earnings rally, I’m standing by the wait-for-$20 strategy as GameStop’s financials aren’t as stellar as some perma-bulls might assume.Don’t get me wrong — I fully understand the temptation to grab shares of GameStop and hope for another Reddit-fueled rally. After all, there’s nothing more satisfying than beating the wealthy short sellers at their own game.Bear in mind, though, that you’re investing in a business, not just a stock. Fundamentals do matter, and it could be game over for GameStop’s investors if the company can’t demonstrate progress toward profitability.GME Stock Traders Went HaywireGME stock closed at around $22.26 on Dec. 7. The trading volume was heavy as Wall Street braced for GameStop’s third-quarter 2022 earnings release. The next day, Dec. 8, the shares closed at around $24.79 for an 11% gain.Were GameStop’s quarterly results so great that they warranted an 11% share-price run-up? Or, is it possible that some traders were giving in to FOMO — fear of missing out? Perhaps, they hoped to catch the next big meme-stock spike before it was too late.The very next day, Dec. 9, GME stock was already falling fast and heading back toward that crucial $20 level that I had previously warned you about. It’s a sensible strategy to pick a level with historical support and then wait patiently for the stock to decline to that price point before placing a trade.In any case, clear-minded investors should consider a company’s financials rather than focus solely on a stock’s price action. So, let’s see if GameStop’s quarterly results actually justified a FOMO rally.GameStop Has to Climb Out of a Deep HoleVideo games aren’t quite the red-hot commodity that they were during and immediately after the Covid-19 crisis. Plus, inflation made it more difficult for consumers to afford video game purchases in the months leading up to the holidays. Additionally, GameStop’s digital-wallet ambitions were crimped by the “crypto winter” of 2022 and the bursting of the non-fungible token (NFT) bubble.These factors, among others, weighed on GameStop’sthird-quarter fiscal 2022 financial results. As it turned out, the company’s net sales of $1.186 billion lagged the $1.297 billion generated during the prior year’s third quarter. Analysts, meanwhile, had hoped to see$1.36 billion in quarterly revenue.Turning to the bottom line, GameStop posted an earnings loss of 31 cents per share, versus Wall Street’s forecast that the company would only lose 28 cents per share. The situation also looks bleak when we extend the time frame. During the 39 weeks ended Oct. 30, 2021, GameStop incurred a $233.8 million net loss. Fast-forward to the 39 weeks ended Oct. 30, 2022, and the company sustained a net loss of $361.3 million during that time.Don’t Fall Victim to the FOMO Trade With GME StockGameStop’s financial hole, it seems, has only deepened. If you’re doing anything with GME stock besides flipping it for a very short-term trade, be careful.Sometimes, the market gets it “wrong” by reacting irrationally to a company’s earnings report. In the case of GameStop, there were undoubtedly some FOMO traders pushing the share price up. They might already regret their haste. You don’t have to join them, as GameStop’s fundamentals don’t justify a long share position now.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9926006451,"gmtCreate":1671414396774,"gmtModify":1676538532120,"author":{"id":"3581908489262448","authorId":"3581908489262448","name":"Luckygim74","avatar":"https://static.tigerbbs.com/a36e4f5f4b26c960aaf94fe58352d058","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3581908489262448","authorIdStr":"3581908489262448"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9926006451","repostId":1114287035,"repostType":4,"repost":{"id":"1114287035","pubTimestamp":1671411002,"share":"https://ttm.financial/m/news/1114287035?lang=&edition=fundamental","pubTime":"2022-12-19 08:50","market":"us","language":"en","title":"Why Now Is Not the Time to Buy GME Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1114287035","media":"InvestorPlace","summary":"GameStop (GME) stock rallied 11% after the company reported its quarterly earnings.Prospective inves","content":"<html><head></head><body><ul><li><b>GameStop</b> (<b><u>GME</u></b>) stock rallied 11% after the company reported its quarterly earnings.</li><li>Prospective investors should carefully check GameStop’s financials before jumping into the trade.</li><li>It makes sense to wait for lower prices before buying GME stock.</li></ul><p>Recently, I begged people not to invest in video game retailer <b>GameStop</b> (NYSE:<b><u>GME</u></b>) yet. I suggested that GME stock needs to hit $20 before anyone should jump into the trade. Even after a post-earnings rally, I’m standing by the wait-for-$20 strategy as GameStop’s financials aren’t as stellar as some perma-bulls might assume.</p><p>Don’t get me wrong — I fully understand the temptation to grab shares of GameStop and hope for another <b>Reddit</b>-fueled rally. After all, there’s nothing more satisfying than beating the wealthy short sellers at their own game.</p><p>Bear in mind, though, that you’re investing in a business, not just a stock. Fundamentals do matter, and it could be game over for GameStop’s investors if the company can’t demonstrate progress toward profitability.</p><p><b>GME Stock Traders Went Haywire</b></p><p>GME stock closed at around $22.26 on Dec. 7. The trading volume was heavy as Wall Street braced for GameStop’s third-quarter 2022 earnings release. The next day, Dec. 8, the shares closed at around $24.79 for an 11% gain.</p><p>Were GameStop’s quarterly results so great that they warranted an 11% share-price run-up? Or, is it possible that some traders were giving in to FOMO — fear of missing out? Perhaps, they hoped to catch the next big meme-stock spike before it was too late.</p><p>The very next day, Dec. 9, GME stock was already falling fast and heading back toward that crucial $20 level that I had previously warned you about. It’s a sensible strategy to pick a level with historical support and then wait patiently for the stock to decline to that price point before placing a trade.</p><p>In any case, clear-minded investors should consider a company’s financials rather than focus solely on a stock’s price action. So, let’s see if GameStop’s quarterly results actually justified a FOMO rally.</p><p><b>GameStop Has to Climb Out of a Deep Hole</b></p><p>Video games aren’t quite the red-hot commodity that they were during and immediately after the Covid-19 crisis. Plus, inflation made it more difficult for consumers to afford video game purchases in the months leading up to the holidays. Additionally, GameStop’s digital-wallet ambitions were crimped by the “crypto winter” of 2022 and the bursting of the non-fungible token (NFT) bubble.</p><p>These factors, among others, weighed on GameStop’sthird-quarter fiscal 2022 financial results. As it turned out, the company’s net sales of $1.186 billion lagged the $1.297 billion generated during the prior year’s third quarter. Analysts, meanwhile, had hoped to see$1.36 billion in quarterly revenue.</p><p>Turning to the bottom line, GameStop posted an earnings loss of 31 cents per share, versus Wall Street’s forecast that the company would only lose 28 cents per share. The situation also looks bleak when we extend the time frame. During the 39 weeks ended Oct. 30, 2021, GameStop incurred a $233.8 million net loss. Fast-forward to the 39 weeks ended Oct. 30, 2022, and the company sustained a net loss of $361.3 million during that time.</p><p><b>Don’t Fall Victim to the FOMO Trade With GME Stock</b></p><p>GameStop’s financial hole, it seems, has only deepened. If you’re doing anything with GME stock besides flipping it for a very short-term trade, be careful.</p><p>Sometimes, the market gets it “wrong” by reacting irrationally to a company’s earnings report. In the case of GameStop, there were undoubtedly some FOMO traders pushing the share price up. They might already regret their haste. You don’t have to join them, as GameStop’s fundamentals don’t justify a long share position now.</p></body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Now Is Not the Time to Buy GME Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Now Is Not the Time to Buy GME Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-19 08:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/12/why-now-is-not-the-time-to-buy-gme-stock/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop (GME) stock rallied 11% after the company reported its quarterly earnings.Prospective investors should carefully check GameStop’s financials before jumping into the trade.It makes sense to ...</p>\n\n<a href=\"https://investorplace.com/2022/12/why-now-is-not-the-time-to-buy-gme-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://investorplace.com/2022/12/why-now-is-not-the-time-to-buy-gme-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114287035","content_text":"GameStop (GME) stock rallied 11% after the company reported its quarterly earnings.Prospective investors should carefully check GameStop’s financials before jumping into the trade.It makes sense to wait for lower prices before buying GME stock.Recently, I begged people not to invest in video game retailer GameStop (NYSE:GME) yet. I suggested that GME stock needs to hit $20 before anyone should jump into the trade. Even after a post-earnings rally, I’m standing by the wait-for-$20 strategy as GameStop’s financials aren’t as stellar as some perma-bulls might assume.Don’t get me wrong — I fully understand the temptation to grab shares of GameStop and hope for another Reddit-fueled rally. After all, there’s nothing more satisfying than beating the wealthy short sellers at their own game.Bear in mind, though, that you’re investing in a business, not just a stock. Fundamentals do matter, and it could be game over for GameStop’s investors if the company can’t demonstrate progress toward profitability.GME Stock Traders Went HaywireGME stock closed at around $22.26 on Dec. 7. The trading volume was heavy as Wall Street braced for GameStop’s third-quarter 2022 earnings release. The next day, Dec. 8, the shares closed at around $24.79 for an 11% gain.Were GameStop’s quarterly results so great that they warranted an 11% share-price run-up? Or, is it possible that some traders were giving in to FOMO — fear of missing out? Perhaps, they hoped to catch the next big meme-stock spike before it was too late.The very next day, Dec. 9, GME stock was already falling fast and heading back toward that crucial $20 level that I had previously warned you about. It’s a sensible strategy to pick a level with historical support and then wait patiently for the stock to decline to that price point before placing a trade.In any case, clear-minded investors should consider a company’s financials rather than focus solely on a stock’s price action. So, let’s see if GameStop’s quarterly results actually justified a FOMO rally.GameStop Has to Climb Out of a Deep HoleVideo games aren’t quite the red-hot commodity that they were during and immediately after the Covid-19 crisis. Plus, inflation made it more difficult for consumers to afford video game purchases in the months leading up to the holidays. Additionally, GameStop’s digital-wallet ambitions were crimped by the “crypto winter” of 2022 and the bursting of the non-fungible token (NFT) bubble.These factors, among others, weighed on GameStop’sthird-quarter fiscal 2022 financial results. As it turned out, the company’s net sales of $1.186 billion lagged the $1.297 billion generated during the prior year’s third quarter. Analysts, meanwhile, had hoped to see$1.36 billion in quarterly revenue.Turning to the bottom line, GameStop posted an earnings loss of 31 cents per share, versus Wall Street’s forecast that the company would only lose 28 cents per share. The situation also looks bleak when we extend the time frame. During the 39 weeks ended Oct. 30, 2021, GameStop incurred a $233.8 million net loss. Fast-forward to the 39 weeks ended Oct. 30, 2022, and the company sustained a net loss of $361.3 million during that time.Don’t Fall Victim to the FOMO Trade With GME StockGameStop’s financial hole, it seems, has only deepened. If you’re doing anything with GME stock besides flipping it for a very short-term trade, be careful.Sometimes, the market gets it “wrong” by reacting irrationally to a company’s earnings report. In the case of GameStop, there were undoubtedly some FOMO traders pushing the share price up. They might already regret their haste. You don’t have to join them, as GameStop’s fundamentals don’t justify a long share position now.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9928745053,"gmtCreate":1671411913573,"gmtModify":1676538531359,"author":{"id":"4106158448616940","authorId":"4106158448616940","name":"sunflower19","avatar":"https://static.itradeup.com/news/f2b81b440927ad671cd053689e3da178","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":0,"idStr":"4106158448616940","authorIdStr":"4106158448616940"},"htmlText":"🤔🤔","listText":"🤔🤔","text":"🤔🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9928745053","repostId":1114287035,"repostType":4,"repost":{"id":"1114287035","pubTimestamp":1671411002,"share":"https://ttm.financial/m/news/1114287035?lang=&edition=fundamental","pubTime":"2022-12-19 08:50","market":"us","language":"en","title":"Why Now Is Not the Time to Buy GME Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1114287035","media":"InvestorPlace","summary":"GameStop (GME) stock rallied 11% after the company reported its quarterly earnings.Prospective inves","content":"<html><head></head><body><ul><li><b>GameStop</b> (<b><u>GME</u></b>) stock rallied 11% after the company reported its quarterly earnings.</li><li>Prospective investors should carefully check GameStop’s financials before jumping into the trade.</li><li>It makes sense to wait for lower prices before buying GME stock.</li></ul><p>Recently, I begged people not to invest in video game retailer <b>GameStop</b> (NYSE:<b><u>GME</u></b>) yet. I suggested that GME stock needs to hit $20 before anyone should jump into the trade. Even after a post-earnings rally, I’m standing by the wait-for-$20 strategy as GameStop’s financials aren’t as stellar as some perma-bulls might assume.</p><p>Don’t get me wrong — I fully understand the temptation to grab shares of GameStop and hope for another <b>Reddit</b>-fueled rally. After all, there’s nothing more satisfying than beating the wealthy short sellers at their own game.</p><p>Bear in mind, though, that you’re investing in a business, not just a stock. Fundamentals do matter, and it could be game over for GameStop’s investors if the company can’t demonstrate progress toward profitability.</p><p><b>GME Stock Traders Went Haywire</b></p><p>GME stock closed at around $22.26 on Dec. 7. The trading volume was heavy as Wall Street braced for GameStop’s third-quarter 2022 earnings release. The next day, Dec. 8, the shares closed at around $24.79 for an 11% gain.</p><p>Were GameStop’s quarterly results so great that they warranted an 11% share-price run-up? Or, is it possible that some traders were giving in to FOMO — fear of missing out? Perhaps, they hoped to catch the next big meme-stock spike before it was too late.</p><p>The very next day, Dec. 9, GME stock was already falling fast and heading back toward that crucial $20 level that I had previously warned you about. It’s a sensible strategy to pick a level with historical support and then wait patiently for the stock to decline to that price point before placing a trade.</p><p>In any case, clear-minded investors should consider a company’s financials rather than focus solely on a stock’s price action. So, let’s see if GameStop’s quarterly results actually justified a FOMO rally.</p><p><b>GameStop Has to Climb Out of a Deep Hole</b></p><p>Video games aren’t quite the red-hot commodity that they were during and immediately after the Covid-19 crisis. Plus, inflation made it more difficult for consumers to afford video game purchases in the months leading up to the holidays. Additionally, GameStop’s digital-wallet ambitions were crimped by the “crypto winter” of 2022 and the bursting of the non-fungible token (NFT) bubble.</p><p>These factors, among others, weighed on GameStop’sthird-quarter fiscal 2022 financial results. As it turned out, the company’s net sales of $1.186 billion lagged the $1.297 billion generated during the prior year’s third quarter. Analysts, meanwhile, had hoped to see$1.36 billion in quarterly revenue.</p><p>Turning to the bottom line, GameStop posted an earnings loss of 31 cents per share, versus Wall Street’s forecast that the company would only lose 28 cents per share. The situation also looks bleak when we extend the time frame. During the 39 weeks ended Oct. 30, 2021, GameStop incurred a $233.8 million net loss. Fast-forward to the 39 weeks ended Oct. 30, 2022, and the company sustained a net loss of $361.3 million during that time.</p><p><b>Don’t Fall Victim to the FOMO Trade With GME Stock</b></p><p>GameStop’s financial hole, it seems, has only deepened. If you’re doing anything with GME stock besides flipping it for a very short-term trade, be careful.</p><p>Sometimes, the market gets it “wrong” by reacting irrationally to a company’s earnings report. In the case of GameStop, there were undoubtedly some FOMO traders pushing the share price up. They might already regret their haste. You don’t have to join them, as GameStop’s fundamentals don’t justify a long share position now.</p></body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Now Is Not the Time to Buy GME Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Now Is Not the Time to Buy GME Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-19 08:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/12/why-now-is-not-the-time-to-buy-gme-stock/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop (GME) stock rallied 11% after the company reported its quarterly earnings.Prospective investors should carefully check GameStop’s financials before jumping into the trade.It makes sense to ...</p>\n\n<a href=\"https://investorplace.com/2022/12/why-now-is-not-the-time-to-buy-gme-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://investorplace.com/2022/12/why-now-is-not-the-time-to-buy-gme-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114287035","content_text":"GameStop (GME) stock rallied 11% after the company reported its quarterly earnings.Prospective investors should carefully check GameStop’s financials before jumping into the trade.It makes sense to wait for lower prices before buying GME stock.Recently, I begged people not to invest in video game retailer GameStop (NYSE:GME) yet. I suggested that GME stock needs to hit $20 before anyone should jump into the trade. Even after a post-earnings rally, I’m standing by the wait-for-$20 strategy as GameStop’s financials aren’t as stellar as some perma-bulls might assume.Don’t get me wrong — I fully understand the temptation to grab shares of GameStop and hope for another Reddit-fueled rally. After all, there’s nothing more satisfying than beating the wealthy short sellers at their own game.Bear in mind, though, that you’re investing in a business, not just a stock. Fundamentals do matter, and it could be game over for GameStop’s investors if the company can’t demonstrate progress toward profitability.GME Stock Traders Went HaywireGME stock closed at around $22.26 on Dec. 7. The trading volume was heavy as Wall Street braced for GameStop’s third-quarter 2022 earnings release. The next day, Dec. 8, the shares closed at around $24.79 for an 11% gain.Were GameStop’s quarterly results so great that they warranted an 11% share-price run-up? Or, is it possible that some traders were giving in to FOMO — fear of missing out? Perhaps, they hoped to catch the next big meme-stock spike before it was too late.The very next day, Dec. 9, GME stock was already falling fast and heading back toward that crucial $20 level that I had previously warned you about. It’s a sensible strategy to pick a level with historical support and then wait patiently for the stock to decline to that price point before placing a trade.In any case, clear-minded investors should consider a company’s financials rather than focus solely on a stock’s price action. So, let’s see if GameStop’s quarterly results actually justified a FOMO rally.GameStop Has to Climb Out of a Deep HoleVideo games aren’t quite the red-hot commodity that they were during and immediately after the Covid-19 crisis. Plus, inflation made it more difficult for consumers to afford video game purchases in the months leading up to the holidays. Additionally, GameStop’s digital-wallet ambitions were crimped by the “crypto winter” of 2022 and the bursting of the non-fungible token (NFT) bubble.These factors, among others, weighed on GameStop’sthird-quarter fiscal 2022 financial results. As it turned out, the company’s net sales of $1.186 billion lagged the $1.297 billion generated during the prior year’s third quarter. Analysts, meanwhile, had hoped to see$1.36 billion in quarterly revenue.Turning to the bottom line, GameStop posted an earnings loss of 31 cents per share, versus Wall Street’s forecast that the company would only lose 28 cents per share. The situation also looks bleak when we extend the time frame. During the 39 weeks ended Oct. 30, 2021, GameStop incurred a $233.8 million net loss. Fast-forward to the 39 weeks ended Oct. 30, 2022, and the company sustained a net loss of $361.3 million during that time.Don’t Fall Victim to the FOMO Trade With GME StockGameStop’s financial hole, it seems, has only deepened. If you’re doing anything with GME stock besides flipping it for a very short-term trade, be careful.Sometimes, the market gets it “wrong” by reacting irrationally to a company’s earnings report. In the case of GameStop, there were undoubtedly some FOMO traders pushing the share price up. They might already regret their haste. You don’t have to join them, as GameStop’s fundamentals don’t justify a long share position now.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":38,"commentSize":6,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}