GameStop Q3 Earnings: There Is No Short Squeeze Coming


  • GameStop’s Q3 earnings showed further deterioration.
  • Revisions in the coming weeks will be negative.
  • The chart is ugly, the company has issues, and GME stock’s valuation is still too expensive.

Stock Of Video Game Retailer Gamestop Skyrocketing, Due To Reddit Message Board Traders

Michael M. Santiago

With the third quarter earnings season drawing to a close, retailers have had a rough go of it. Inventory bloat, supply chain constraints, and heavy inflationary pressures have combined with cautious consumer spending to create a perfect storm of ugliness when

GameStop stock price chart


GME stock momentum indicators


GameStop revenue revisions

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GameStop EPS revisions

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GameStop price to sales

TIKR, price to sales

GME stock price to sales

TIKR, price to sales

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Short position through short-selling of the stock, or purchase of put options or similar derivatives in GME over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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