are live ladies and Gentlemen let's talk about GameStop finally down at1 1996 my friends I did buy a 100 shares nice and small position not going to go crazy because we could see $15 maybe even $10 but I only bought 100 shares here I'm okay with taking the loss on these 100 bucks but what I have been saying in the past is if this stock comes back down to 20 get ready to load up for another move to the upside if we zoom in on theart chards here let's get down to the 3 minute the 3 minute you can see buyer stepped in at 1932 and I did buy just now at 1990 so I can't believe what an opportunity this is this is going to be an opportunity right here if you didn't get in at 20 here's your chance to take advantage of this drop so you can make your money back to the upside if history is anything to go by we will see this stock eventually pop again it's been what 4 years this decade we're four years into it and here's the thing this thing just loves to get pumps every now and then and we we're going to take advantage might as well right if this thing's going to hold $10 $20 there's money to be made we switch to the weekly chart you see the lowest price it hit was $10 before that huge run to 60 $20 is where it's been holding so don't be afraid if it comes back down to 10 or 15 I will add more if it does come down to 10 that's the lowest point it's come down to but for the time being you switch to the month monthly or even the quarterly and you'll notice we have been going sideways here between 20 and the eventual pop that comes in and pushes it to 25 plus so that's what I'm looking to take advantage of I mean if it goes to 25 that's what 25% gains if you bought in at around 20 or under 20 I should say so I think it's an opportunity to add here and take advantage of the inevitable pop if this is this is a pattern for this stock it comes down to1 $20 and gets a nice run and it just rinse and repeats that if it's going to keep rinse and repeating that why why not take advantage in my opinion so that's why I didn't buy at 24 or 23 that's why I kept saying like you know wait for it to come down to 20 here we are let's see who has the balls to actually step in and buy it at 20 again I only bought 100 shares I'm not going to go crazy I'm not going to go insane so if you're watching this if you're in the premium Discord do not buy okay only only buy the stocks that I talk about in the premium Discord do not buy GameStop this is more of a I would call it more of a it's more it's a high risk it's high risk but you know what I I think with buyer stepping in here I think it's going to hold we're going to see another pump and there's some M need to be made so that's my opinion on it I think they did sell shares yeah they they sold some shares whatever that that's to be expected when your stock when your company is literally going sideways on the financials so that is the problem with that but other than that I don't think roring Kitty F to sell another 20 million shares oh roring k selling so let's buy up his shares and eventually I mean if this guy's going to keep Renton repeating his little strategy of dropping memes and getting people excited about GameStop stock and it causes pumps then as long as he's around as long as the market doesn't go anywhere there's money to be made on this one I don't see how there isn't at that point but let's look at the what is the GameStop gme earnings I don't care about earnings date I want to know what what happened with earnings I want someone that's not biased GameStop do Spike says R Kitty suggests he's dropping chewy I don't know why anyone bought chewy oh because just because he talked about it who cares who cares about chewy this guy's known for GameStop so GameStop's all that matters I don't know why people got excited about chewy stock okay let's look at the 10 Q here net sales were 798 billion for the second quarter compared to 1.64 billion in the oh so yeah you did come down year over-ear selling General administrative expenses were 27.8 million compared to two Okay so they brought down their okay they brought down their selling yeah they brought down their General and administrative expenses by about 50 million yeah so so it went down probably not a good thing though net income well it's a good thing right yay they they expenses are coming down a little bit but the revenues is really we should be seeing some Revenue climb at least at some point net income was 14.8 million for the second quarter compared to a net loss okay that's that's nice they're finally making some money here no longer a net loss but a net income of 14.8 million for the second qu compared to last year of course they have a lot of money they just keep diluting shareholders that's it is that okay here's the numbers what are their net sales 783 yeah so their net sales went down the cost of sales was still still pretty high up there gross profit what's their s yeah not buring loss I'm looking for what is this is this the dilution Consolidated statements of operations sales profit here's the balance sheet assets whoa whoa whoa did their assets really climb that much no no their cash climbed a lot so either way we should see their assets yeah their asses almost doubled pretty much doubled compared to last year because of that huge pump in cash what about their liabilities their liabilities is also doubled apparently am I reading this wrong am I saying wait wait oh that's the total liabilities and stockholders like where's total liabilities current liabilities long-term depbt other total liabilities there we go oh wow okay their total liabilities actually went down a little bit okay their balance sheet isn't bad as far as I can tell here because they have the they have the it's that extra cash that's why uh trying to see uh where is I'm looking to see if there's any dilution here where's the dilution there's usually a little some some of these T include a chart where they talk about dilution how much they've diluted over the past year let me see if I can find it uh y chart oops white charts gme shares outstanding it there should be an increase in dilution I'm sure yeah this just this year alone holy crap so this year alone is this correct 2024 okay so from May 2024 30619 million and then it increased to 30 351 and then 46 okay 426 so this year alone we had 121 million in sending shares increase okay that's actually not this isn't as bad as I thought they're still in the millions there are some some stocks I've seen that have like billions of shares outstanding so this isn't as bad as as as I thought it would be it's it's not bad at all okay you know this this company if we can turn it around we're going to see some pumps bigger pumps than we've gotten at least when it comes to Natural fluctuation of the stock price not including you know roaring kiding making a post or people getting excited about earnings cuz we did pump in in a susp of earnings as well uh I can't find maybe I I did I miss it all right guys I don't think I'll be able to find it here all right guys that's it for the video I will see you in the next one hopefully you hit the like And subscribe button don't forget to join the free disc the premium Discord