GAMESTOP (GME)

EARNINGS RELEASE TUESDAY - DECEMBER 10 (AMC)

Trade Assist May Not Be Available For All Jump Trades (See Trade Plan

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JUMP REPORT

Avg Daily Volume: 5,312,138    Market Cap: 604.26M
Sector: Services    Short Interest: 113.48

EARNINGS EXPECTATIONS:  

     THIS QTR:   EPS:               .11/share     REV:  1,620/M
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     LAST QTR:  EPS:              -.21/share     ACTUAL:   -.32/share  (MISS)
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     NEXT QTR:  EPS:              1.49/share     REV:  2,710/M
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     FULL YR:     EPS:             1.21/share    REV: 1,170/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD:  35% OF THE TIME THEY BEAT ESTIMATES

PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -22.0, -39.79, -12.67

EXPECTED JUMP MOVE:  15-20%

Links To Latest News and Headlines

This sort of action was prevalent last August, just before the big techs that drive the Nasdaq Composite topped out.

After being left for dead less than a year ago, GameStop (NYSE: GME) has come roaring back, ending the day up 50% to a new all-time high of $65.01, after trading for roughly $2.50 per share early last year. The recent run-up has all the earmarks of a short squeeze, which accelerated this week when a spat broke out between noted short-seller Citron Research and a group of investors that frequent the r/WallStreetBets subreddit. Members of the forum remained bullish and even encouraged other retail traders to buy GameStop.

(GME) stock rocketed above its 2007 peak Friday in a move that one short selling expert thinks could possibly kill investor interest in shorting the videogame retailer. Pointing to an earlier squeeze where a moderate amount of older short sellers covered their positions as the stock surged in recent weeks, S3 Partners’ Ihor Dusaniwsky told Barron’s he thinks today’s action has piled up mark-to-market losses for even newer short sellers betting on a price decline.

Joining Yahoo Finance’s Zack Guzman and Jared Blikre is Brian Shannon, CMT and founder of www.alphatrends.net, who breaks down the price action and levels of interest for Beyond Meat (BYND), Tesla (TSLA) and GameStop (GME).

The Nasdaq came out of a mixed day with yet another fresh high. More interesting were Friday’s moves by IBM, Intel and GameStop.

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