GameStop beats quarterly revenue estimates, turns profit
The company has been shoring up its online sales capabilities in a bid to transform itself into a digital behemoth from its current mainstay of brick-and-mortar stores. Net profit for the quarter ended Jan. 31 was $48.2 million, compared with a loss of $1...
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Boom. And $1.4B in cash.
Big boom indeed...drs numbers incoming next...
Major kek.
Still not here yet to hate on GME, maybe he's in the shower.
He been hating on bbby lately. Basically he jumps on whatever is down.
Oh our little beacon of optimism will be here for this one...for sure...
Probably busy sucking the lint out of his foreskin.
Up 48% now.
This is likely the nail in the coffin for all the hedge funds & banks that shorted them AND the BIG banks that are trying to gobble up the failing banks. They are all circling the drain and can't delay their collapse much longer.
CS held a lot of the swaps used to short GME and now they've been absorbed by UBS.
Correct. Credit Suisse was "counterparty" to an estimated 50% of the derivatives created to short GME and other "meme stonks". When counterparty goes bust, it makes it very difficult to continue creating derivatives, AND even if shorts are right, they may not be able to get paid now.
Couterparty = the one selling the "insurance" for payout when GME stock price goes down (per hedge fund manipulation via creation of fake shares they then sell short). Insurance policies cancelled? Unknown, but certainly disrupted.
Also bbby and others.
*** Earth shaking rumble sounds ***
Just hit 48% after hours.
Just hit 55% after hours.
UBS right now "maybe $100B isn't going to be enough to unwind these positions."
American Revolution 1.0 technically started in 1765. Gamestop closes at $17.65 during regular session (+4.62%), then up +48.44% in afterhours? Very interesting numbers indeed. But lets watch tomorrow's action and Hedge Fund margin calls before we get too excited.
Stamp Act 1765: https://en.wikipedia.org/wiki/Stamp_Act_1765
It seems like we're witnessing a major shift in the stock market - Amazon ($AMZN) has reported its first quarterly loss in years, while GameStop ($GME) has surprisingly announced its first profitable quarter! It's like we're watching a David and Goliath story unfold in the world of finance.
It's crazy isn't it. I wished I had invested in Amazon way back when. But I was too young. I wanted to do the same with Google and bit coin.was a drunk Marine when I learned of Bit coin. Could have been a millionaire even on a Lance Corporal's salary.
I'm now old enough and smart enough. I'm invested in GameStop! DRS'd XXXX Ape here.
Can't Stop. Won't Stop. GameStop!
Didn't Q say Game Over? Funny they call it 'playing' the stock market.
Earnings report and DRS report at 5:00 PM.
Thank you Fren.
I'm strapping in now.
We waited a long long time for this.
Hodl it's going to be a fun ride.
Post 4410 “Operators standing by” https://qalerts.app/?q=%234410
Post 4410 mirrored is 144. All bracketed letters spell out US risk this week. God and country https://qalerts.app/?q=%23144
Stock market collapse incoming?
-Citadel's accountants after they destroy themselves covering all the fake shares they created and then sold short (a/k/a Ken Griffin's firm)
Please soon!
Is Koss massively shorted like gme amc bbby?
Time to buy???
Koss headphones kick ass (sound-wise) but fly under the radar because the aren’t marketed like “beats”. They do need better distribution/ marketing maybe...
Looks / style is subjective, but their headphones sound way better than most and for not much money.
Yes, Koss, BlackBerry (BB), and Sears was one on the earlier short victims. Months ago, Sears was still active as a tiny penny stock, but now it appears that someone bought and took them private. I mention Sears because its possible that they may rise from the ashes once the fraud is exposed.
Koss is partially responsible for my tinnitus; I bought a kick ass pair of headphones with my paper route money as a teen and another dimension of music fidelity opened up for me. Then I got another pair as an adult working in my cube-farm. Wonderful product and I own several shares.
Thanks for the info - I’m going to look into it a bit - an interesting set of companies to say the least. Bizarre what could be going on behind the scenes. Wonder how they target companies. CEOs that don’t play-ball or aren't on their team? Some other factor that makes them prime candidates?
I have a few Koss phones and really like them for daily-drivers. Accurate and flat enough, but not punishing of poor material / bad recordings.
AMC price tanked after nearly a 90% vote for the Reverse Split, after record breaking profits, and after launch of their highly successful Popcorn launch.
There's only 1 answer: Crime