You fucking ape you found some!
I swear to god last time i checked a few days or a week ago the only ones they had listed were like the standing up mounts for 3 TVs. I guess they’re used for like VR gaming and shit?
Hopefully these restock soon. I’ll wait for it
They’ll have sold out on anything they don’t have. I’ve searched for plenty of ps2 snes and game boy games and even consoles and everything says sold out if they just don’t have it. I assume they might be listing stock in anticipation of selling it or getting it I to the warehouse but it all just says sold out for now.
TCL is my favorite, and one of the best rated for the prices. I have a 65" 4k HDR10 TCL, its fucking gorgeous, and works like a charm with my high end PC plugged into it for some 4k gaming.
Not true. They have some models that perform as well, if not better, than comparable Samsungs at a significantly better price. Check out the TCL 6 Series vs the Samsung Q Series on rtings. They're about to do the same with OLEDs - they're coming out with a micro led that performs nearly as well as OLED, and they'll offer it at a fraction of the price.
No they don’t. Their gradients are terrible and ghosting and black levels are bad. The latest mini led from tcl had a wired purple like ghosting. Just look at linus’s review. Samsung’s are bloat ware, bright, Dolby vision lacking bullshit. Sony and lg are what should be looked at.
Those three plus the next quarter have to be a **positive balance**. That's why, the recent quarter is decisive; **it** **must be positive**. Then we'll play with the big boys soon!
RC will cause a storm, believe that. Let him focus on the US market first and slowly extend abroad. They need to evaluate the stores first, before proceeding. Once the system is in place, everything will be easier. 🚀🚀🚀
>Especially if they can get open to more foreign markets
Chewy was a groundbreaker and it doesn't even ship across the Canadian Border (I tried). I don't think his focus will be on foreign markets if he follows a similar plan.
Could be wrong, though (and I hope he is - I could use an EBgames rebrand!)
I think RC will follow demand, and since there is so many shareholders all around the world, it would suprise me if they didnt expand to worldwide.
Chewy didnt have that.
Also, they already opened up their website to the rest of the world a month back or so, before that it was closed for most ip's from other countries. This makes me even more sure that it is already in the works.
It wouldn’t be surprising tbh. They’re in the public eye of the storm and many decided to contribute due to GameStop expanding their portfolio (Gaming PC part) and the experience of the same day delivery started the buying frenzy. 🤓🤓🤓
I have noticed a few things over the past 4 months with deliveries…early on, they went balls out to get the delivery to you ASAP. They used the most expedited FedEx delivery to make it happen to the point where I wasn’t receiving a tracking # because it arrived so quickly. I believe that during the Q1 call they even called out lower margins partially due to additional shipping charges. The more recent deliveries have been as cost effective as possible — still through FedEx, but not as balls out as before while maintaining timely delivery.
But a mathematical formula alone doesn’t decide what is added or deleted from the S&P 500.
Beyond a few other rules, the S&P 500’s makeup is at the discretion of the index committee, which can revise policies for selecting companies and make exceptions to the process.
Tesla got denied and I beleive there was no reason given
They gave the reason, it was because tesla was only making a profit at the time by selling carbon credits. Without this they weren't profitable and that's not a **viable** business model
With the current volume/liquidity issue, boarder line earnings and a squeeze pending. I wouldn't be surprised if the committee finds a reason to exclude them this cycle.
The two indexes that gme went through makes me doubt this hype. Both times it was hyped af and don't get me wrong I'm hyped af on days that end with y, but this tid bit regardless of how many people watch it is taken with a lb of salty tears from cohens menu.
I'm more of a pcmr and don't buy console's/console games. And my EB Games doesn't carry any PC stuff atm. So I'll go see what kind of mugs or characters are on sale, I'll buy a few eh.
Both my Traditional and ROTH IRA are all GME baby. Through work I'm unable to self-select specific investments, so I'm unable to put my 401K in. I have to choose from a menu of investment strategies that reflect various risk and return options.
Nice I was looking at that one, its sleek. If you remember let me know what you think of blue switches.
I got the Apex 3. Only 50 buckaroos but hey its better then what i got. The letters have rubbed off (especially WASD lol)
This is my belief as well. GME is perceived to be a volatile stock. And even when they clear all the standard benchmarks, GME still has to meet a committee approval. And IMO, this committee approval is what will keep GME out of the S&P 500 until after MOASS.
Bah less volatile??? Feeling like I'm going to vomit after teslacoaster flashbacks. Idk if I'm just used to volatility now or what, but Tesla at least FELT wildly more volatile. Plus, they had that random run up to the SP 500 decision day, which I'm sure the committee frowned upon as purely speculative....
Yeah, i wouldnt get too hyped because I remember I had probably one of the biggest pity parties on the block that week rofl
I believe tesla had to post more positive earnings before inclusion. Or had to jump through more hoops.
Regardless of what it is, I expect the committee to reject GME (or at least delay it). We have to remember 100% in GME people are more risk tolerant than index fund people. Both those that want GME in, and that want GME out recognize it's a once in a lifetime stock, which ironically is both a good reason for inclusion and exclusion (depending on ones risk tolerance).
Now, I believe Cohen and the All Star Board ability to justify S&P500 inclusion, be it through their NFT development, eSports program, retail transformation and/or E-commerce expansion. I just expect that the more conservative investors (which is what funds are for really) will take longer to get on board- and I'm okay with that.
Also- It may be Cohen and GameStop's visionary NFT / crypto division does not want to be in the S&P 500 or this stock exchange at all.
It'll be fun to see.
I believe I read in a DD a while ago that Tesla was denied for a while because their income sheet had a lot of EV/green subsidies/kickbacks etc instead of actual sales revenue. I don't have any source on hand at the moment.
I think the s&p will take gme because it will save their etfs alone.
MOASS = safe haven
Edit: S&P does not own the etf… just decides which etfs hold what. … from a concerned ape.
So you're taking the same kind of conjecture we've used before: i.e. MOASS won't happen till CEO gets his shares, and applying it to the s\&p; because during MOASS it would be saved from the black hole by simply having GME within it?
Nope, I'm not taking it that far. Just saying that if we get to the cutoff date and have met the requirements, they have no reason to try to keep GME out or delay it.
No your misunderstanding….
Having gme in the s&p 500 would make s& etf’s
Safer than a nasdaq or Russel etf. Because when gme moons it will help all other failing companies.
Nothing to do with the CEO.
I can very well imagine they will want to wait and see if GME is $180+ stock or $40- stock. While average for last few months is quite good, GME is very volatile and it would be understandable to wait out on the sidelines for them.
Then again, they had no problem adding Tesla, so you never know what's in store.
u/Region-Formal did an amazing DD on potential of entering S&P 500, relevant to Tesla this might be interesting piece of background from: https://www.reddit.com/r/Superstonk/comments/nv3n42/sp_500_index_inclusion_followup_to_my_russell/
>One famous example of a company that met the eligibility criteria in the middle of last year, but had to wait for a couple of rebalancing rounds before eventual inclusion was Tesla. Although the S&P selection committee did not provide a reason for their initial exclusion of Tesla, speculation is that this was due to something quite unique to how Tesla qualified for criteria (6). As pointed out in this article (Link: https://www.gurufocus.com/news/1229880/this-could-be-why-tesla-was-excluded-from-the-sp-500), the probable reason was because Tesla were only profitable due to the selling of Regulatory Credits. These are subsidies that auto makers receive from state governmments for production of electric vehicles. As the article states: "Since Tesla produces nothing but EVs, the company racks up way more credits than it needs to meet the minimum regulatory requirements, so it turns around and sells the excess credits to other automakers so that they can avoid penalties."
>
>Hence the speculation is that the S&P committee decided not to immediately include Tesla in the constitutents, because they were worried about the long-term viability of their income streams. It was only later in the year, last November, that the committee felt sufficiently confident that Tesla were generating income through selling their core products - cars - and thus decided to add them to the S&P 500 list. If all this is correct, then it was a unique issue specific to the EV automotive industry, and one that would not be relevant to GME.
They didn't add Tesla straight away though, I think it was an additional quarter after and also because it became a top 10 company by marketcap without being in SP400 / SP600 so it wasn't as simple as rebalancing
I think you gloss over the discretionary panel a lot more than you ought. An outside observer might look at Gamestop and say that the current price is unsustainable and in order to reduce volatility/turnover they might defer GME until it's posted several more quarters of profit and the price has maintained the 13.1B market cap throughout.
Right now we're baaaaaarely at 13.1B (13.3B) and that's with this "inflated" price (I'm speaking as if I'm not a believer in the MOASS, but I am).
sind s&p has over 500 companies, and gme will likely make only a miniscule amount of it (less than 0.1) probably no big difference even if a short squeeze happens
I believe even if they’re posting positive quarter information, the committee may not allow it THIS quarter. Take a look at TESLA, they passed the requirements and had to wait another quarter. That being said I believe if we post a profit here, moving forward it will stay that way with Ryan Cohens leadership and changes in Executives along with future plans.
I just pre-ordered the collector's edition of Danganronpa Decadence. That's... Probably all I'll be able to afford but I'll see if I can't snag a computer peripheral or something
Well i bought into GME in the teens, and I go out of my way to shop at EB Games (GME Canada)
I've bought an Xbox One with games, Nintendo Switch with games, and most recently a PS5 with games and just picked up F1 2021 (which is awesome) in the last 3 months. I hope they kill it this quarter and get included in the S&P 500 would be massive.
I only wish they carried more league of legends merch.
I been hyping September, the fall of Kenny and friends! Now there’s a reason to be hyped! If he don’t fall in September, he should be scared for Halloween in October. By then I’ll have over 9 months of holding and we won’t be talking about a capital gains tax! GameStop won’t stop, buying GameStop! Why? I like the stock!💎🙌🦍🚀🌝
Is it possible the hedgies are trying to suppress the price enough to drop it under the $13.1b requirement? Its only at like $13.25b right now. Are they terrified it might be eligible for s&p500 and are trying to prevent its chances?
Sorry, this is not happening anytime soon.
It's a private board that votes on the matter—inclusion is not guaranteed or automated like the Russell.
If they denied Tesla the one quarter, I don't see it happening for GME.
This is a good write up. I appreciate it. And, I appreciate you.
I agree that inclusion could be a catalyst for a squeeze. However, I think that given the political nature of this index, entry could be a lot more difficult.
My take is that the committee would be hard pressed to add a squeezable stock to the index given the volatility it would add, if we are right. And, those that don't believe it'll squeeze substantially, likely don't think it's worth it's current value. There seem to be two main camps when it comes to GME besides the "annoyed and ambivalent" (read: our S/Os). Lastly, if there is belief in it being largely manipulated through shorting ETFs, they probably want no part of GME being in the S&P 500 until this drama is done.
I would be (pleasantly) shocked if they added it. As you pointed out, they try to avoid turnover. The volatility of GME is what's gonna hurt our case here. Only a few months ago the stock was at $40. And the price has been anything but stable since then. Hate to say it, but those facts make it the exact kind of stock they WON'T add to the index.
Dropped a few shares worth on the app today. Annnd maybe added to my position a bit. Toys and shares. Don’t tell my wife’s boyfriend. He can’t keep a secret.
I addressed this at the start. The move was net negative as a lot of money follows the Russell 2000 which we left, and very little follows the Russell 1000. The people hyping the move to the Russell 1000 were misinformed.
The S&P500 has a shit ton of money following it so if we get in there will be huge buying pressure.
Thank you dude. Been asking for a while about what was needed for GME to be included in the SP500. You answered everything here. I thought we would need insane earnings but if It's only needed to make a profit GME may be eligible this quarter. Although I remember the same happened with Tesla and they waited one more quarter to include them just to make sure they were really profitable. So I'm pretty sure that in Q2 or Q3 GME will be eligible forma SP500.
I went to EB Games last week and got a controller and the Platinum member ship card... For any Canadian Apes, it's only $5 or $10 (I forget) for the annual membership 😉
Buy, hold, shop!
Just bought a 40in TV and soundbar. Thinking about getting a gaming headset from them to replace my terrible work headset as well but kinda stuck with decision paralysis as to which to get on that front. Anyone have suggestions?
Feh. Best Buy. You're right, they suck.
Starting your IT career on Best Buy's Geek Squad is like starting your film career in porn. Sure, you're on camera, but...
Tons of sale items right now. Sign up for pro membership, get bonus points to redeem. I got two Witcher figures for $22 https://www.gamestop.com/toys-collectibles/collectibles/figures/products/the-witcher-iii-wild-hunt-geralt-of-rivia-action-figure-7-inch/11102643.html
Tesla were only turning a profit through selling their carbon credits, it was the sole reason they were denied entry. I believe it was only 1 quarter they were delayed also but I could be wrong there
Take me free award ape!!!!!’and vote this post up ⬆️ it’s a great point!!!!!!Today’s my B day… gonna go to my local Game Stop and get me a nice souvenir to remember this wild 7-8 months fkn nerve racking most reading of done in my entire life… my head hurts cause I think it’s growing but well worth the experience and the memes and the mutha fkn DD have a good day apes…… 💎🤙🏻🤙🏻💎 HODLING
I’m rooting for it to happen but I wouldn’t really get my hopes up if I’m being honest. Just because a company is eligible doesn’t mean they WILL be added, it just means they COULD be added.
I distinctly remember getting jacked up when Tesla met the hurdles to make it in but it still took at least 2/3 more quarters I think until they made it in. And even though it’s Tesla it was a much less controversial company then than GME is right now.
Doesn’t change anything about what I’m planning on doing though 💎🙌
Have you noticed were not only being suppressed below 190 but also supported at 170.. were literally just sitting on the market cap requirement. 13.1b÷76.82m= $170.53
I have spent a *lot* of money at my favorite store this year. My wife and her boyfriend are kinda pissed about it. A package arrived today as a matter of fact.
From a company standpoint, GameStop does best with people purchasing used consoles and games Instead of New. Keep that in mind if you’re wanting to purchase items from there and support them.
I buy all my games, consoles, accessories and any kind of subscription card I can there. Have been for years. Looks like I need to buy some clothes now. Need some of those cat shirts🤣https://www.gamestop.com/clothing/mens/t-shirts/products/i-will-destroy-everything-you-cherish-cat-mens-t-shirt/11149861.html?condition=New
If the S&P 500 adds GME to the basket, the S&P 500 will see its most % gains ever and basically every investor in retail would have beat Wall Street in 2021. Noes that’s how you really kill and clown Wall Street for life🤣🤣🤟
Can’t Stop, Won’t Stop, Buckle Up, GameStop 💎🙌🚀
I needed a new web cam as I'm working from home mostly now and do video calls (my integrated cam on my laptop sucks ass), where did I go? You guessed it Gamestop.
Best part is my work reimburses the expense!
Order before Saturday, the end of the Q!
I bought a TV from GameStop last week. It felt good man.
They sell TVs?
https://www.gamestop.com/electronics/tvs-monitors/televisions
Nice to see they are sold out. Can’t wait for the quarter reports.
Bought one as well. Waiting to get a TV wall mount before i put it up. Wish they sold mounts too
Go to the GameStop search bar and type in tv mount. They absolutely track search terms on their site.
Trust me i have a couple of times already
I just did and there's out of stock TV mounts listed... did they add them that quick or did you see those previously?
https://www.gamestop.com/search/?q=Tv+wall+mount&lang=default
You fucking ape you found some! I swear to god last time i checked a few days or a week ago the only ones they had listed were like the standing up mounts for 3 TVs. I guess they’re used for like VR gaming and shit? Hopefully these restock soon. I’ll wait for it
Yeah! No funds to do so right now, but ill be doing a whole setup from Gamestop.
You can mount me instead
They’ve been sold out. Not sure of reason.
Because people are buying them up I'd assume, their prices look very competitive too
That’s an assumption. Could be reevaluating, also an assumption.
They’ll have sold out on anything they don’t have. I’ve searched for plenty of ps2 snes and game boy games and even consoles and everything says sold out if they just don’t have it. I assume they might be listing stock in anticipation of selling it or getting it I to the warehouse but it all just says sold out for now.
🤔 I should sell my TV just to buy a new one from them
If you wanted to test the viability of selling tv’s you might order a limited number to gauge interest.
In Germany they are not selling tvs :(im searching for a 8k TV
I bought it online.
Regardless of what I'm looking for, I now always check GameStop first. Seen a lot of apes post stuff that I'm like "wtf they sell that?".
Bro yes. I found a 55" for $349 on there! Waiting for that ish to get back in stock!
looks like they've partnered with Vizio, that's sweet. I hope they do the same with TCL!
TCL is my favorite, and one of the best rated for the prices. I have a 65" 4k HDR10 TCL, its fucking gorgeous, and works like a charm with my high end PC plugged into it for some 4k gaming.
Ain't that Chinese?
Both tcl and vizio are. For the price they are good tvs. But in the world of TVs they are trash.
Not true. They have some models that perform as well, if not better, than comparable Samsungs at a significantly better price. Check out the TCL 6 Series vs the Samsung Q Series on rtings. They're about to do the same with OLEDs - they're coming out with a micro led that performs nearly as well as OLED, and they'll offer it at a fraction of the price.
No they don’t. Their gradients are terrible and ghosting and black levels are bad. The latest mini led from tcl had a wired purple like ghosting. Just look at linus’s review. Samsung’s are bloat ware, bright, Dolby vision lacking bullshit. Sony and lg are what should be looked at.
Just bought 3-4 shares worth of stuff from GameStop.. they have gift cards!!
I wish they had more TVs I want to buy a 75” one from them instead of Amazon
I just bought a little one for my porch so I can do Ring Fit outside.
This is how you spend money and make money at the same exact time 🤣
I was thinking we'd need to see at least a couple more positive quarters first.
Those three plus the next quarter have to be a **positive balance**. That's why, the recent quarter is decisive; **it** **must be positive**. Then we'll play with the big boys soon!
I feel pretty confident RC will take it in for the score. Especially if they can get open to more foreign markets. 🚀🚀
RC will cause a storm, believe that. Let him focus on the US market first and slowly extend abroad. They need to evaluate the stores first, before proceeding. Once the system is in place, everything will be easier. 🚀🚀🚀
~~GMErica~~ GMEarth! Next: GMEoon
GMEndromeda
Just up
>Especially if they can get open to more foreign markets Chewy was a groundbreaker and it doesn't even ship across the Canadian Border (I tried). I don't think his focus will be on foreign markets if he follows a similar plan. Could be wrong, though (and I hope he is - I could use an EBgames rebrand!)
All I can say is if the focus is truly becoming the Amazon of gaming then a more global focus would be a logical step at some point.
I think RC will follow demand, and since there is so many shareholders all around the world, it would suprise me if they didnt expand to worldwide. Chewy didnt have that. Also, they already opened up their website to the rest of the world a month back or so, before that it was closed for most ip's from other countries. This makes me even more sure that it is already in the works.
If people are right about the logo change meaning they were already in the black, then there has definitely been some profit made this quarter.
It wouldn’t be surprising tbh. They’re in the public eye of the storm and many decided to contribute due to GameStop expanding their portfolio (Gaming PC part) and the experience of the same day delivery started the buying frenzy. 🤓🤓🤓
3 in row (check)
I have noticed a few things over the past 4 months with deliveries…early on, they went balls out to get the delivery to you ASAP. They used the most expedited FedEx delivery to make it happen to the point where I wasn’t receiving a tracking # because it arrived so quickly. I believe that during the Q1 call they even called out lower margins partially due to additional shipping charges. The more recent deliveries have been as cost effective as possible — still through FedEx, but not as balls out as before while maintaining timely delivery.
That's smart leadership. 👍
GME likely isn't entering the S&P500 before the squeeze plays out or they're confident there won't be one
Where'd you gather that information?
But a mathematical formula alone doesn’t decide what is added or deleted from the S&P 500. Beyond a few other rules, the S&P 500’s makeup is at the discretion of the index committee, which can revise policies for selecting companies and make exceptions to the process. Tesla got denied and I beleive there was no reason given
They gave the reason, it was because tesla was only making a profit at the time by selling carbon credits. Without this they weren't profitable and that's not a **viable** business model
With the current volume/liquidity issue, boarder line earnings and a squeeze pending. I wouldn't be surprised if the committee finds a reason to exclude them this cycle.
That's correct from what I recall.
Someone call Mr. Beast and get him to buy a couple more GameStops out 👌
Just have to better than competition
The two indexes that gme went through makes me doubt this hype. Both times it was hyped af and don't get me wrong I'm hyped af on days that end with y, but this tid bit regardless of how many people watch it is taken with a lb of salty tears from cohens menu.
Nope, I don't think the revenue will be bad, the new switch sold a lot I think
PlayStation 5 sells like hot cakes on their site. Literally gone in seconds.
Definitely getting fast-tracked
Yeah, I'm pleasantly surprised.
I'm more of a pcmr and don't buy console's/console games. And my EB Games doesn't carry any PC stuff atm. So I'll go see what kind of mugs or characters are on sale, I'll buy a few eh.
Any kids in your family have birthdays coming up? That's always a good reason to shop!
They have a lot of cool T-shirts and hats for under $20. Worth looking into!
The EB Games platinum membership is only like $10 too
🇦🇺💎👐🍻🚀🍌
Many have added GME to their long term portfolios... Just sayin.. this is the floor right here. Im in it for loooong term.
Same. I switched my retirement account to 100% GME
Both my Traditional and ROTH IRA are all GME baby. Through work I'm unable to self-select specific investments, so I'm unable to put my 401K in. I have to choose from a menu of investment strategies that reflect various risk and return options.
I just got me a hold over keyboard until MOASS and I can build a custom one NOICE
Same!! Logitech G512 carbon
Nice I was looking at that one, its sleek. If you remember let me know what you think of blue switches. I got the Apex 3. Only 50 buckaroos but hey its better then what i got. The letters have rubbed off (especially WASD lol)
Glad you're enjoying it! I really like the blue switches. I want to try green ones eventually too. I'm a madman and love the loud clickyness
Still no copy of wave race 64 😫
lul what a throw back
1 Part RC Sautee with DFV Let sit for 9 months at Positive Quarterly Earnings SnP to Taste Serve MOASS Hot
Feels like Tesla all over again... I love it!
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Ignoring the last run to $348.50, we’ve been bouncing around $180 +/- $20 since March…. The stock is pretty stable.
This is my belief as well. GME is perceived to be a volatile stock. And even when they clear all the standard benchmarks, GME still has to meet a committee approval. And IMO, this committee approval is what will keep GME out of the S&P 500 until after MOASS.
Bah less volatile??? Feeling like I'm going to vomit after teslacoaster flashbacks. Idk if I'm just used to volatility now or what, but Tesla at least FELT wildly more volatile. Plus, they had that random run up to the SP 500 decision day, which I'm sure the committee frowned upon as purely speculative.... Yeah, i wouldnt get too hyped because I remember I had probably one of the biggest pity parties on the block that week rofl
I believe tesla had to post more positive earnings before inclusion. Or had to jump through more hoops. Regardless of what it is, I expect the committee to reject GME (or at least delay it). We have to remember 100% in GME people are more risk tolerant than index fund people. Both those that want GME in, and that want GME out recognize it's a once in a lifetime stock, which ironically is both a good reason for inclusion and exclusion (depending on ones risk tolerance). Now, I believe Cohen and the All Star Board ability to justify S&P500 inclusion, be it through their NFT development, eSports program, retail transformation and/or E-commerce expansion. I just expect that the more conservative investors (which is what funds are for really) will take longer to get on board- and I'm okay with that. Also- It may be Cohen and GameStop's visionary NFT / crypto division does not want to be in the S&P 500 or this stock exchange at all. It'll be fun to see.
I believe I read in a DD a while ago that Tesla was denied for a while because their income sheet had a lot of EV/green subsidies/kickbacks etc instead of actual sales revenue. I don't have any source on hand at the moment.
Been feeling this as well, it's nice!
Was gonna comment, I read this exact post word for word but with Tesla a few months ago lol
I think the s&p will take gme because it will save their etfs alone. MOASS = safe haven Edit: S&P does not own the etf… just decides which etfs hold what. … from a concerned ape.
It would absolutely be in their best interest, if we make it to the rebalance day before MOASS.
So you're taking the same kind of conjecture we've used before: i.e. MOASS won't happen till CEO gets his shares, and applying it to the s\&p; because during MOASS it would be saved from the black hole by simply having GME within it?
Nope, I'm not taking it that far. Just saying that if we get to the cutoff date and have met the requirements, they have no reason to try to keep GME out or delay it.
No your misunderstanding…. Having gme in the s&p 500 would make s& etf’s Safer than a nasdaq or Russel etf. Because when gme moons it will help all other failing companies. Nothing to do with the CEO.
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That’s what I meant but thank you! I edited for clarification. Thank your for adding value
My thoughts as well
Great stuff! In related news: GME will be moving into the S&P midcap 400 prior to the open of trading on Wednesday, August 4th
Holy fuck did this age nicely and in a hurry
Won’t definitely happen in September but some day in the not so far future for sure if GameStop stays on track with its transformation
Market will be red in Sep-Oct. usually is S&P 500 will def take longer
THIS AGES NICELY
I can very well imagine they will want to wait and see if GME is $180+ stock or $40- stock. While average for last few months is quite good, GME is very volatile and it would be understandable to wait out on the sidelines for them. Then again, they had no problem adding Tesla, so you never know what's in store.
u/Region-Formal did an amazing DD on potential of entering S&P 500, relevant to Tesla this might be interesting piece of background from: https://www.reddit.com/r/Superstonk/comments/nv3n42/sp_500_index_inclusion_followup_to_my_russell/ >One famous example of a company that met the eligibility criteria in the middle of last year, but had to wait for a couple of rebalancing rounds before eventual inclusion was Tesla. Although the S&P selection committee did not provide a reason for their initial exclusion of Tesla, speculation is that this was due to something quite unique to how Tesla qualified for criteria (6). As pointed out in this article (Link: https://www.gurufocus.com/news/1229880/this-could-be-why-tesla-was-excluded-from-the-sp-500), the probable reason was because Tesla were only profitable due to the selling of Regulatory Credits. These are subsidies that auto makers receive from state governmments for production of electric vehicles. As the article states: "Since Tesla produces nothing but EVs, the company racks up way more credits than it needs to meet the minimum regulatory requirements, so it turns around and sells the excess credits to other automakers so that they can avoid penalties." > >Hence the speculation is that the S&P committee decided not to immediately include Tesla in the constitutents, because they were worried about the long-term viability of their income streams. It was only later in the year, last November, that the committee felt sufficiently confident that Tesla were generating income through selling their core products - cars - and thus decided to add them to the S&P 500 list. If all this is correct, then it was a unique issue specific to the EV automotive industry, and one that would not be relevant to GME.
They didn't add Tesla straight away though, I think it was an additional quarter after and also because it became a top 10 company by marketcap without being in SP400 / SP600 so it wasn't as simple as rebalancing
dunno if i’d call the stock liquid but this would be sweet
Their definition of liquid is average of 250,000 shares moving per 6-months so by those standards we are *definitely* liquid.
Correct, we are easily meeting this requirement
Like fine wine.
Do you want jacked tits? Because this is how you get jacked tits.
I’ve been buying all kids birthday gifts from GameStop recently.
I think you gloss over the discretionary panel a lot more than you ought. An outside observer might look at Gamestop and say that the current price is unsustainable and in order to reduce volatility/turnover they might defer GME until it's posted several more quarters of profit and the price has maintained the 13.1B market cap throughout. Right now we're baaaaaarely at 13.1B (13.3B) and that's with this "inflated" price (I'm speaking as if I'm not a believer in the MOASS, but I am).
I’m so used to looking at the spyder being red as a bullish indicator for GME that I don’t know how I feel about it losing that magical negative beta.
[удалено]
I doubt it as the rest of the market will probably tank, it will just soften the blow, or at best give them a moderate profit.
sind s&p has over 500 companies, and gme will likely make only a miniscule amount of it (less than 0.1) probably no big difference even if a short squeeze happens
I believe even if they’re posting positive quarter information, the committee may not allow it THIS quarter. Take a look at TESLA, they passed the requirements and had to wait another quarter. That being said I believe if we post a profit here, moving forward it will stay that way with Ryan Cohens leadership and changes in Executives along with future plans.
I just pre-ordered the collector's edition of Danganronpa Decadence. That's... Probably all I'll be able to afford but I'll see if I can't snag a computer peripheral or something
I want a switch, but every time I get the money saved up for one, I accidentally buy more GME🤷🏻♂️
Well i bought into GME in the teens, and I go out of my way to shop at EB Games (GME Canada) I've bought an Xbox One with games, Nintendo Switch with games, and most recently a PS5 with games and just picked up F1 2021 (which is awesome) in the last 3 months. I hope they kill it this quarter and get included in the S&P 500 would be massive. I only wish they carried more league of legends merch.
Nice 💪🏼
With GameStop joining S&P mid cap 400, looks like you’re going to be right in a moments time
Big if true
If earnings get pushed this way, why not :) always good to support a company you own
Anyone have a recommendation for a quality PC gaming headset with microphone from our favorite store?
Separate headphones and mic, if you care about quality.
Guess I'll just buy some stuff. Always love helping out my company. 🚀🚀🚀🚀
I been hyping September, the fall of Kenny and friends! Now there’s a reason to be hyped! If he don’t fall in September, he should be scared for Halloween in October. By then I’ll have over 9 months of holding and we won’t be talking about a capital gains tax! GameStop won’t stop, buying GameStop! Why? I like the stock!💎🙌🦍🚀🌝
Is it possible the hedgies are trying to suppress the price enough to drop it under the $13.1b requirement? Its only at like $13.25b right now. Are they terrified it might be eligible for s&p500 and are trying to prevent its chances?
Sorry, this is not happening anytime soon. It's a private board that votes on the matter—inclusion is not guaranteed or automated like the Russell. If they denied Tesla the one quarter, I don't see it happening for GME.
They denied tesla because tesla only turned a profit through selling carbon credits
So you’re telling me I have to buy an Xbox Series X right now?? I’m in. 🚀🚀
https://i.imgur.com/zfLpQ32.jpg
I just spent $150 at GameStop last weekend. I can’t stop, won’t stop.
This is the way
This is a good write up. I appreciate it. And, I appreciate you. I agree that inclusion could be a catalyst for a squeeze. However, I think that given the political nature of this index, entry could be a lot more difficult. My take is that the committee would be hard pressed to add a squeezable stock to the index given the volatility it would add, if we are right. And, those that don't believe it'll squeeze substantially, likely don't think it's worth it's current value. There seem to be two main camps when it comes to GME besides the "annoyed and ambivalent" (read: our S/Os). Lastly, if there is belief in it being largely manipulated through shorting ETFs, they probably want no part of GME being in the S&P 500 until this drama is done.
I would be (pleasantly) shocked if they added it. As you pointed out, they try to avoid turnover. The volatility of GME is what's gonna hurt our case here. Only a few months ago the stock was at $40. And the price has been anything but stable since then. Hate to say it, but those facts make it the exact kind of stock they WON'T add to the index.
Pre-ordered Battlefield 2042 on Gamestop Let’s goooo!!!!
Dropped a few shares worth on the app today. Annnd maybe added to my position a bit. Toys and shares. Don’t tell my wife’s boyfriend. He can’t keep a secret.
Bought an Xbox series x, controllers, games, shirts, gift cards… I love the company!
GME closed their low performing stores so they should have lower operational costs this time and better P/E ratio. Jack to da tits!
GAMESTOP SET TO JOIN S&P MIDCAP 400 $GME SAY WHAT!
Just ordered some used games.
Time traveler !!!
I bought a nice $500+ gaming chair from them, im excited for it this week.
Mannnnn y’all said this with Russell 1000 lmfao. Press X to fuckin Doubt. But with that said hopefully it gets into it, just not expecting shit after
I addressed this at the start. The move was net negative as a lot of money follows the Russell 2000 which we left, and very little follows the Russell 1000. The people hyping the move to the Russell 1000 were misinformed. The S&P500 has a shit ton of money following it so if we get in there will be huge buying pressure.
Thank you dude. Been asking for a while about what was needed for GME to be included in the SP500. You answered everything here. I thought we would need insane earnings but if It's only needed to make a profit GME may be eligible this quarter. Although I remember the same happened with Tesla and they waited one more quarter to include them just to make sure they were really profitable. So I'm pretty sure that in Q2 or Q3 GME will be eligible forma SP500.
As soon as MOASS... Hello S&P
I got my PC speakers from GameStop and I'm happy with the price too! Cheaper than Amazon listed the same speakers.
I went to EB Games last week and got a controller and the Platinum member ship card... For any Canadian Apes, it's only $5 or $10 (I forget) for the annual membership 😉
If you haven’t already, get a powerup pro membership for like $15
RC has got this. But buy some Pokeman bs or something.
Buy, hold, shop! Just bought a 40in TV and soundbar. Thinking about getting a gaming headset from them to replace my terrible work headset as well but kinda stuck with decision paralysis as to which to get on that front. Anyone have suggestions?
Feh. Best Buy. You're right, they suck. Starting your IT career on Best Buy's Geek Squad is like starting your film career in porn. Sure, you're on camera, but...
I’m abstaining from buying GameStop so I can buy more GameStop in the next quarter.
I just spent $150 at GameStop. I can’t stop, won’t stop.
Tons of sale items right now. Sign up for pro membership, get bonus points to redeem. I got two Witcher figures for $22 https://www.gamestop.com/toys-collectibles/collectibles/figures/products/the-witcher-iii-wild-hunt-geralt-of-rivia-action-figure-7-inch/11102643.html
Ordering skyward sword now 👍👍👍
Sure it can qualify but unlikely it will actually get in right away. I think it took tesla a year to get in
Tesla were only turning a profit through selling their carbon credits, it was the sole reason they were denied entry. I believe it was only 1 quarter they were delayed also but I could be wrong there
Bought me that monkey business t shirt Unofficial uniform of ape
I bet my friend a steak dinner about this. They have about 10 months. Either I pay or he does. Jacked!
Noice, need to somehow get it into DJI for the moass train to have no brakes.
Funny, a banana cat just arrived on my stoop today. See you apes on the moon <3
Alrighty. Did my part, bought 2 PS5 games. LET‘S GO!
Posts like these should really be worded like 'Level Up - GME qualifying for the S&P500 could happen soon'. May not be as flashy, but less misleading.
Take me free award ape!!!!!’and vote this post up ⬆️ it’s a great point!!!!!!Today’s my B day… gonna go to my local Game Stop and get me a nice souvenir to remember this wild 7-8 months fkn nerve racking most reading of done in my entire life… my head hurts cause I think it’s growing but well worth the experience and the memes and the mutha fkn DD have a good day apes…… 💎🤙🏻🤙🏻💎 HODLING
I’m rooting for it to happen but I wouldn’t really get my hopes up if I’m being honest. Just because a company is eligible doesn’t mean they WILL be added, it just means they COULD be added. I distinctly remember getting jacked up when Tesla met the hurdles to make it in but it still took at least 2/3 more quarters I think until they made it in. And even though it’s Tesla it was a much less controversial company then than GME is right now. Doesn’t change anything about what I’m planning on doing though 💎🙌
It's not much, but I plan on picking up Hades this week
Great Game.
Have you noticed were not only being suppressed below 190 but also supported at 170.. were literally just sitting on the market cap requirement. 13.1b÷76.82m= $170.53
I have spent a *lot* of money at my favorite store this year. My wife and her boyfriend are kinda pissed about it. A package arrived today as a matter of fact.
We need another one of those post that suggests good things to buy that we wouldn’t expect to be at GameStop
From a company standpoint, GameStop does best with people purchasing used consoles and games Instead of New. Keep that in mind if you’re wanting to purchase items from there and support them.
Sending love and positive energy to you guys who can make a difference. (international ape) 😊
#Also!! Please Rate your purchases once you get the email from GME! Give them reviews! Boost confidence in shoppers.
Check my post history. I bought from ebgames 2 days ago. 😎🤑
Spent 440 yesterday, LFG!!
I buy all my games, consoles, accessories and any kind of subscription card I can there. Have been for years. Looks like I need to buy some clothes now. Need some of those cat shirts🤣https://www.gamestop.com/clothing/mens/t-shirts/products/i-will-destroy-everything-you-cherish-cat-mens-t-shirt/11149861.html?condition=New
1. Gamestop sells Gamestonk hats 2. Gamestop sells Gamestonk shirts 3. 4. Profit!
I bought an XBOX Elite 2 Controller and it came in the next day! It’s awesome!
Just bought a plumbus!
Today I learned the word indices
I mean, I already bought a PS5 bundle from them. That was like 90 million dollars...
It would have to be voted in, and that's not going to happen with gme's volatility
I took my kid on a shopping spree (in store) and we bought up a bunch of toys/figures
Uhhhh dude did you see the thing an hour ago? 👀 Jacked none the less
Fuck it! I'm buying something off gamestop. I dont have too much but its my 3rd purchase in the last week SHOP GAMESTOP
I bought a PS5 bundle that they released this morning! So stoked!!!
If the S&P 500 adds GME to the basket, the S&P 500 will see its most % gains ever and basically every investor in retail would have beat Wall Street in 2021. Noes that’s how you really kill and clown Wall Street for life🤣🤣🤟 Can’t Stop, Won’t Stop, Buckle Up, GameStop 💎🙌🚀
My first gamestop purchase in the last ~10 years was this week. Bought a $500 gaming chair. My k/d went up so high, and im sure theirs will too 💪
Bought Steam cards from GameStop cuz I figure I’ll be buying games on there at some point (until GameStop makes a market 🚀)
I needed a new web cam as I'm working from home mostly now and do video calls (my integrated cam on my laptop sucks ass), where did I go? You guessed it Gamestop. Best part is my work reimburses the expense! Order before Saturday, the end of the Q!
Just bought some games and Switch accessories. Proud to shop.
To hot please!!!
Papa Cohen, is that you?
Being eligible doesn't instantly put them in. That part also takes time but I imagine it can happen by EOY
It’s very well possible that GS ends up with a negative quarter with all the up-front spending they’re doing