What you didn't read about GME yet. And why to not expect a 2,000% rally
Four points. Three charts on GameStop $GameStop(GME.US$ after it rose 74% to $30.45 on Monday when RoaringKitty made a come back on X. But here is why you probably won't see the 'Meme-Stock Frenzy' of 2021 where its shares ripped up 2,000%, but need to trade carefully.
This is not saying its shares won't rip up higher, it's just saying be careful as the business is seeing declining revenue and flat net income which the average analyst sees falling in 2025. GameStop also operates on a PE of 292 times earnings. Whereas Nvidia $NVIDIA(NVDA.US$ shares trade at 35 times forward earnings and most of its clients are Mag-7 names (40%).
Anyway... here are the facts you need to know about GME $GameStop(GME.US$
This is not saying its shares won't rip up higher, it's just saying be careful as the business is seeing declining revenue and flat net income which the average analyst sees falling in 2025. GameStop also operates on a PE of 292 times earnings. Whereas Nvidia $NVIDIA(NVDA.US$ shares trade at 35 times forward earnings and most of its clients are Mag-7 names (40%).
Anyway... here are the facts you need to know about GME $GameStop(GME.US$
1- Options volumes picked up in the past few weeks. They're nothing like the levels seen in 2021
2- 700k contracts changed hands on Monday. More than 4 times the average over the past month. Calls (options for upside) were as large numbers as $30 - $34.3
3- But in peak meme mania in 2021, millions of contracts traded in a single session. The most active day was Jan, 22 when 8.5 million contracts changed hands.
4- Also note the 2021 meme-stock frenzy that upended the US stock market and schooled some Wall Street pros did not end well after the bear market of 2022. The YOLO crowd lost all of the money made in the meme-stock rush, that's according to the data from JPMorgan Chase & Co.
4- Also note the 2021 meme-stock frenzy that upended the US stock market and schooled some Wall Street pros did not end well after the bear market of 2022. The YOLO crowd lost all of the money made in the meme-stock rush, that's according to the data from JPMorgan Chase & Co.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Moomoo Official Market Strategist
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Bulldozer Chef_Soda: man she is in the year 20212 lol
JC M : Doesnt matter jessica
Jessica AmirOP JC M: Thank you. For the people who lost money, it does matter. Everyone has a strategy. I am just highlighting facts. Happy trading if you are.
Parkway_Drive21 : Let me explain to you the fundamentals of why you should expect a 2000%+ increase.
1. Shorts are fucked.
2. Shorts are fucked.
3. Shorts are fucked.
I hope that clears it up for you.
71596902 : RoaringKitty coming back did not cause this get out of here with that crap
Emotionless : Those manipulated charts. When will people learn. Paid off analysis ratings, Bought out media publishing FUD. X isn't Twitter anymore . All I know is Hedgies are FUBAR.
Method tr4der : Declining revenue because they closed unprofitable shops so they can be more profitable. U went to school or u just close ur eyes on purpose? Analysts mean nada, also paid off. Market makers are corrupt and have controlled this narrative.
xXSavage_Red_PandaXx : sounds like something a hedgie would post.....buying more gme now
DannyK99 Chef_Soda:
Crypto Angel : Let's go
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