Earnings for GME today

Here's what happened last time
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Hey There!

Today, Gamestop (GME) reports earnings after market close.

As you all know, over the last year, Gamestop has come from a fringe company on the verge of possible bankruptcy, to a central stock in most traders' minds, thanks to the meme stock movement.

So, what should we expect from the earnings call this evening?

Let's talk about what happened last time…

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What can we expect Gamestop to do today?

Last time GME reported earnings, we saw a significant bullish surge on the way towards the earnings call.

But then when the call happened, we saw a fairly immediate and severe selloff:

Now, we're watching Gamestop climb again, really for the first time since before that last earnings call.

Could we see the same process repeat itself?

It's possible.

It will be interesting to see how GME frames the upcoming Christmas retail season.

Many are expecting it to be brutal for retailers, which obviously would be bad news for GME.

Bearish sentiment from the execs could spell bad news for the stock.

But keep this in mind:

There's plenty of room for GME to climb further if it can catch another bullish spark, even to those recent highs at the last earnings call.

So if we do see a turn, and we watch the price climb to that 260.00 level, keep a close watch on it, because it could go on another run.

We'll get a better idea of what's coming as the day progresses, and then, of course, in after-market trading.

Keep your eyes open.

Happy trading!

Markay

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