Hey! Episode 501, It's fun having you around Richard. Having your voice and non-financial opinion on GME helps me think on the subject as well. I'm glad you're still with us.
So happy to see you are continuing Richard! I think many of us are fascinated with the gme narrative and don’t view u as a main character, but as a friendly and encouraging companion watching it all unfold with the rest of us. Cheers!
Congrats on the first epispode over your initial goal! It's great to have regular updates and discussion, the time you put into these is mucb appreciated 👊
Newton! Nice breakdown of the earnings, man! I'd like to just say I appreciate your candor about all things GameStop, especially the un-DRSing part. I personally do not expect brokers to play fair when the next Jan 2021-esque run commences, but everyone has to do their own thing. There is no disputing that this is a vastly improved business with multiple levers to pull to reignite growth and it is highly unlikely this issue will go bankrupt due to mismanagement....Cheers to you and everybody who watches your stream. 🍻
@@VAngel0147 Sure. I might sell. Some of my position. When the price is what I want to sell at. That's how fair trade and free markets are supposed to work anyway. It's not, sell when I tell you to, or else I'm not going to allow you to buy something. That'd be like, the opposite of a free market. I'm not saying Wall St isn't rigged, but I'm not asking anyone to play nice. Just play even sort of fair.
GOOD MORNING RICHARD! AND APES... WHAT A BEAUTIFUL DAY!!!! GME has done everything that they said they were gonna do in that meeting. -Removed debt with cash in hand -Added high ticketed items -Increase share price for shareholders They did this in 3 months? And I'll keep saying this because it's true so far. All (DF)V Needs to do is KEEP HIS WORD Ps. Could be a red day because shorters get anxious. Beware shorters. you're in for a scare. Flip your chart and look at it from a shorters perspective. 2021 was a crash for shorters... and it hasn't recovered since)
Well, Case For Christ has totally hooked me! When Stroebel makes a jest about Blomberg’s credentials being questionable due to his faith in the Chicago Cubs winning the World Series in his lifetime, I was all in 😂 I like to think Blomberg was on Stroebel’s mind during the Fall of 2016. Great rec, Mr. Newton!
Very happy you keep on doing these! Lets go requel 🚀🚀🚀 I think hedgies are very powerful indeed, but as you said - "its a battle now". I appreciate your data driven and careful approach to GME, yet I sometimes feel you assume hedgies are unrestricted in their ability to manipulate, which I find highly unlikely given that GME is still around. So - what limits hedgies in your view in their ability to manipulate?
They need counter parties to their trades and the trades cost money. Archegos blew up because they were shopping to too many primes (illegal) the same collateral and ran out of funds to pay premiums.
@@RichardNewton Against this background the OCC decision to limit the value applied to single stock (inverse) ETFs may have the potential to blow up at least those who use the OCC directly for options shenanigans.
Hey Richard, do you recall which December weekly options for GME was delayed in coming out. I seem to remember back in late October/early November hearing you say that for some reason Market Makers hadn't posted a certain December weekly in GME options trading, yet other stocks like Tesla had already begun trading for that same weekly in December. Curious if that was this weeks (Dec. 13) options expiry. Thanks RN!
It was 12/20 Monthlies. Apparently there are algorithms that determine when new expiries and strikes get opened. That's caused a huge buildup on Jan17s.
I suspect the reason RC said the board doesn’t plan any more ATM offerings this year is 2 fold. 1. He wants RK to have a chance to MOASS. (Tin Foil, but I hope) 2. The board is no longer barred from insider purchasing shares after RC paid his fine. They can’t be perceived as driving the price down, and then buying shares.
Could be. They might have also targeted mathematically, a number of shares and price target for the year to sell (140m shares x 20 = 3b or so) so that interest earned -> yearly profitable. To slow burn shorts and just focus on the business with less immediate concern about short attacks and such.
EPS difference may be related to the weighted average number of shares outstanding for the quarter… different than the ending number of outstanding shares at quarter end.
I think the stance for ATM offerings was that they "didn't foresee" them happening until the new financial year. It doesn't necessarily mean that they won't.
I may have discovered something interesting. Looking over some of the earnings estimates and it looks like we have the ability of blowing out every earnings estimate from here on out. Might be something you want to look into. I know revenue will still be a fight but hey. My bad if you’ve already covered that topic.
By the way, if you put the Pokemon card against your palm, the camera might focus on the card otherwise it still focuses on the background. I have seen other youtubers put things against their palm to get the camera to focus.
Personally think Furlong isn't gone but rather reserved. Likely fired due to the SEC pausing plans of web3 development and so Cohen is temporarily in charge for now to wind down legacy business, strengthen balance sheet, and Furlong will return when they re-enter the web3 space. My guess is an announcement and release at the same time, potentially in January after Gensler steps down.
Can you reply with some good sources for a deep dive into ecclesiastes? Something you said about it really resonated with me yesterday. No idea of a better way to reach out. LOL.
Another financial commentator I pay attention to (who never talks about gamestop) said that the Treasuries market is showing a huge need for institutional collateral.
@RichardNewton oh I can't do that, I am the smoothest of us all lol just thought that would be a good way to look at Q3 2024 vs Q3 2023. If we didn't dilute I just it would be higher.
do you think nothing will happen with GME til 1/09 - 4/20? If I was smart, which i'm not, i'd have gotten the $500 strike tesla options at $3 6 months ago and held them to a few million, and then take it out in Jan and pump GME with that
I think your estimate for EPS was dead on. If you look they have a write down of $8.6 million dollars. If you add that back in it would be $0.08 per share. No one would be able to estimate for that. Well done sir! GAME ON!
Just asked Perplexity about this, the 8.6m asset impairment + 0.2m transformation cost is how they go from 17.4 (0.04 eps) to 26.2 (0.06 eps) so I was still off by 8m or so (0.02). Not bad at all! :D
Hey Richard, just wanna say thank you for all of your videos. I watch em every morning before work with my coffee and I’ve learned a lot! I know you like Pikachu, I have a cool ungraded pikachu card I’d like to send you simply as a thank you. I think you would enjoy it! What’s the best way to get it to you? A P.O. Box?
I wanted to point out, and possibly discuss next episode; As u/solar_moonshot recently brought up some old DD on swaps, and a potential 4 year swap cycle. Could we look at dates, Jan 13, Feb 28, Mar 24, May 25, May 26, Aug 25, Nov 21, and Nov 22 dates in 2017, and again in 2021? There is consistent movement in volume and price on those days in both 2017 and 2021 to the precise day. We could be in a 4-year swap cycle set to repeat in 2025.
Bullet swaps are 2 years so I think they could be seeing those. The issue is that the signals are all there, but it's very tough to track them and I think they changed form. Archegos was using Bullets (2 year I think) and was able to last-minute roll some before exploding. CS rolled a lot out to end of May of this year which could explain what we saw this summer. I think UBS is using something else.
@@RichardNewton We haven't seen the same pattern on the 2 year mark for these swaps (2017/ 19/ 21/ 23). However, looking at the 4 year, they track precisely to the day (2017/ 21). We're talking 400-600% increases in average volume in 2017, and more so in 2021. Highly encourage you to check out those days for 2017 and 2021, every date hits. No doubt these are legacy short positions paying an ungodly premium, and with the price tracking and feeling like December 2020, I'm curious to see if they were ever rolled out or handed over.
I love the nihilism in Ecclesiastes for one reason personally: King Solomon, who was the richest most successful man. Gold,women, anointed by God, son of David! And he...got...sad? Was depressed? Thank God that state of wealth does not dictate emotions.
Can't express my joy in words that you continue!
Hey! Episode 501, It's fun having you around Richard. Having your voice and non-financial opinion on GME helps me think on the subject as well. I'm glad you're still with us.
Thank you Maarlock!
501 lets gooo
Thanks for the shoutout again today, Richard! Great work as always :) God is good!
He is! NP Mojomaster, keep it up!!
So happy to see you are continuing Richard! I think many of us are fascinated with the gme narrative and don’t view u as a main character, but as a friendly and encouraging companion watching it all unfold with the rest of us. Cheers!
Glad to have your video after earnings
Glad to see 501 Richard, God bless you and your family.
Thanks for your input and all the work u do
Thank you for sticking around Richard. The most important things I've learned from you so far have in fact had nothing to do with GameStop. 🤝
Agreed
Ep 501! Let's go Richard! Thank you my man!
Congrats on the first epispode over your initial goal! It's great to have regular updates and discussion, the time you put into these is mucb appreciated 👊
Thank you for going beyond Ep. 500! Certainly a cause to rejoice (along with celebrating our Lord & Savior JC).
Grateful that you are still here Richard. God bless 🙌 🙏 ❤️
Just making sure my favorite teacher didn’t abandon us yet! Lol great to see you here still sir!
Feels good to be watching episode 501 💜
Good morning everybody ❤
Hi Richard, thank you for your video today :)
Richard, thank you for the education you bring!
NP! Fun to learn together!
Congratulations on the 500th Richard! I'm sticking with bettering my life because of you! :D
Thanks once again for posting!
There it is! E501! Thought I wouldn't see the day - glad you're here
To think you would have retired from this today.. so glad you changed your mind! This journey would be so much less without you.
so much less. God is Good!
Good morning Richard ☕ let's go GME! ✅
Newton! Nice breakdown of the earnings, man! I'd like to just say I appreciate your candor about all things GameStop, especially the un-DRSing part. I personally do not expect brokers to play fair when the next Jan 2021-esque run commences, but everyone has to do their own thing. There is no disputing that this is a vastly improved business with multiple levers to pull to reignite growth and it is highly unlikely this issue will go bankrupt due to mismanagement....Cheers to you and everybody who watches your stream. 🍻
They’ll play nice as long as you sell, they can very easily prevent buying again.
@@VAngel0147 Sure. I might sell. Some of my position. When the price is what I want to sell at. That's how fair trade and free markets are supposed to work anyway. It's not, sell when I tell you to, or else I'm not going to allow you to buy something. That'd be like, the opposite of a free market. I'm not saying Wall St isn't rigged, but I'm not asking anyone to play nice. Just play even sort of fair.
ty as always, Richard
Good morning, great news, way to go! Thank you for persisting. ❤ from 🇸🇮
E501 and still going. Yay!
Epic, thanks Richard!
Thank you for staying Richard don't forget to enjoy life
Lets go Richard and lets go GME!!! Great results! Viva España
Good morning Richard😀🇸🇪
Wow, det är en svensk flagga!!!🇸🇪
Thank you Richard
Good morning
Amen to the scripture
Great work!
Another great video delivered 🎉
Great video let’s go!! We are hype for next week!!
Thanks Richard...☕
Good morning 🙌
GOOD MORNING RICHARD! AND APES... WHAT A BEAUTIFUL DAY!!!!
GME has done everything that they said they were gonna do in that meeting.
-Removed debt with cash in hand
-Added high ticketed items
-Increase share price for shareholders
They did this in 3 months?
And I'll keep saying this because it's true so far.
All (DF)V Needs to do is KEEP HIS WORD
Ps. Could be a red day because shorters get anxious. Beware shorters. you're in for a scare. Flip your chart and look at it from a shorters perspective. 2021 was a crash for shorters... and it hasn't recovered since)
Peace be with you ❤
Well, Case For Christ has totally hooked me! When Stroebel makes a jest about Blomberg’s credentials being questionable due to his faith in the Chicago Cubs winning the World Series in his lifetime, I was all in 😂
I like to think Blomberg was on Stroebel’s mind during the Fall of 2016. Great rec, Mr. Newton!
I'll have to read it again! :) Glad you are enjoying it.
501 !! yay
Do you do all your pushups in one set? Thanks for keeping these going, Richard!
Yep! NP at all, it is fun. :)
🧡
“GME’s going to the moon, so I have that” 😂😂
Very happy you keep on doing these! Lets go requel 🚀🚀🚀
I think hedgies are very powerful indeed, but as you said - "its a battle now". I appreciate your data driven and careful approach to GME, yet I sometimes feel you assume hedgies are unrestricted in their ability to manipulate, which I find highly unlikely given that GME is still around. So - what limits hedgies in your view in their ability to manipulate?
They need counter parties to their trades and the trades cost money. Archegos blew up because they were shopping to too many primes (illegal) the same collateral and ran out of funds to pay premiums.
@@RichardNewton Against this background the OCC decision to limit the value applied to single stock (inverse) ETFs may have the potential to blow up at least those who use the OCC directly for options shenanigans.
I expect we'll see continued "hair cuts" on collateral like this as the market shifts to "Risk Off" mode.
Thank you Richard! Lets go gamestop!!!!!!
Would you ever reconsider sending shares back to computershare?
Not sure - nothing is really ever off the table. I just take things day by day.
can we talk about roaring kittys aladdin video and the recent time magazine post............. something there
Good morning!
Good morning Richard
Hey Richard, do you recall which December weekly options for GME was delayed in coming out. I seem to remember back in late October/early November hearing you say that for some reason Market Makers hadn't posted a certain December weekly in GME options trading, yet other stocks like Tesla had already begun trading for that same weekly in December. Curious if that was this weeks (Dec. 13) options expiry. Thanks RN!
It was 12/20 Monthlies. Apparently there are algorithms that determine when new expiries and strikes get opened. That's caused a huge buildup on Jan17s.
@ thanks RN! Keep up the amazing work!
I suspect the reason RC said the board doesn’t plan any more ATM offerings this year is 2 fold.
1. He wants RK to have a chance to MOASS. (Tin Foil, but I hope)
2. The board is no longer barred from insider purchasing shares after RC paid his fine. They can’t be perceived as driving the price down, and then buying shares.
Could be. They might have also targeted mathematically, a number of shares and price target for the year to sell (140m shares x 20 = 3b or so) so that interest earned -> yearly profitable. To slow burn shorts and just focus on the business with less immediate concern about short attacks and such.
Make sure you take rest days newton! Key to making gains
Idk if you already talked about this, but how much do you think they got for the European stores? And will that number be included in the Q4 earnings?
Not sure and I believe it will be in later reports but is a bit tough to decipher sometimes.
Time to fly🎉
☮️
Happy Hump Day RN!!! Hope you have a great day!
P.S. - I do not recommend spending 4.5hours in a Panera Bread
4.5 hours!!
Gamestop looking good😊
RC selling the shelf 😂
Gme run soon ⬆️
sermon skiparoo 3:52
poke skip 5:14
Hello friend! 😊
EPS difference may be related to the weighted average number of shares outstanding for the quarter… different than the ending number of outstanding shares at quarter end.
Could be - I tried it with their weighted shares too and seemed off. Hmm I'll try Perplexity.
Perplexity is so smart lol. They added transformation costs (0.2m) and asset impairment (8.6m) landing at 26.2m net income / 446.8m shares = 0.06. :)
I think the stance for ATM offerings was that they "didn't foresee" them happening until the new financial year. It doesn't necessarily mean that they won't.
This is very true.
You’ll be getting a haircut soon!
Let’s go🎉
I may have discovered something interesting. Looking over some of the earnings estimates and it looks like we have the ability of blowing out every earnings estimate from here on out. Might be something you want to look into. I know revenue will still be a fight but hey. My bad if you’ve already covered that topic.
Definitely! Onwards and upwards!! LETS GO! :D
By the way, if you put the Pokemon card against your palm, the camera might focus on the card otherwise it still focuses on the background. I have seen other youtubers put things against their palm to get the camera to focus.
Thanks!
Hey richard, when Timestamps on the videos?
Good
Morning
Enthusiasts!
Check your share count. It's less, thus higher EPS. Diluted shares: 437.9
Switch 2 might be announced tomorrow at the games awards
Personally think Furlong isn't gone but rather reserved. Likely fired due to the SEC pausing plans of web3 development and so Cohen is temporarily in charge for now to wind down legacy business, strengthen balance sheet, and Furlong will return when they re-enter the web3 space. My guess is an announcement and release at the same time, potentially in January after Gensler steps down.
Kitty don’t lie. Requel is coming January 2025. Repeat of the Jan 21 squeeze, it’s going to be biblical.
I think so also. We have a once in a lifetime opportunity to tail one of the greatest traders in the history of man kind. If he’s in I’m in.
Bomboclat
Can you reply with some good sources for a deep dive into ecclesiastes? Something you said about it really resonated with me yesterday. No idea of a better way to reach out. LOL.
ruclips.net/video/lrsQ1tc-2wk/видео.html
These videos are typically pretty solid!
Another financial commentator I pay attention to (who never talks about gamestop) said that the Treasuries market is showing a huge need for institutional collateral.
What would our EPS have been if we didnt dilute
You'd have to subtract the interest earned on it and then change the shares outstanding so it's a bit of a calculation to do.
@RichardNewton oh I can't do that, I am the smoothest of us all lol just thought that would be a good way to look at Q3 2024 vs Q3 2023. If we didn't dilute I just it would be higher.
@RichardNewton also thank you for all you do!
NP!
Roughly, if we had not diluted at all this year, we'd have about a 9 or 10 cent per share loss.
Awesome. Simply Awesome
Def don’t like the Robinhood ads
“… this seems to be your day, but GameStop’s going to the moon so I have that.” 😂
Ryan Cohen is the GOAT
do you think nothing will happen with GME til 1/09 - 4/20?
If I was smart, which i'm not, i'd have gotten the $500 strike tesla options at $3 6 months ago and held them to a few million, and then take it out in Jan and pump GME with that
I think your estimate for EPS was dead on. If you look they have a write down of $8.6 million dollars. If you add that back in it would be $0.08 per share. No one would be able to estimate for that. Well done sir! GAME ON!
Just asked Perplexity about this, the 8.6m asset impairment + 0.2m transformation cost is how they go from 17.4 (0.04 eps) to 26.2 (0.06 eps) so I was still off by 8m or so (0.02). Not bad at all! :D
@@RichardNewton We are all still learning on how to read ER's haha Keep on keepin on
only insiders can really move our stock. what would possibly cause a leg up?
Big buyers into Options Gamma is what is likely needed.
third!
Hey Richard, just wanna say thank you for all of your videos. I watch em every morning before work with my coffee and I’ve learned a lot! I know you like Pikachu, I have a cool ungraded pikachu card I’d like to send you simply as a thank you. I think you would enjoy it! What’s the best way to get it to you? A P.O. Box?
Hey Dylan! Really appreciate that but honestly no need at all. =)
Thank you, though, very much. I hope you have a great evening!!
How long did it take to un-drs shares? Been thinking about it a while too but nervous for a long wait once I initiate.
I unDRSed some shares initially sent from Fidelity. Do it from Fidelity. You will need your account number with Computershare. It only took 3 days.
Few days I think but I don't know if it's always the same.
Is this a bonus?! I thought you were retiring from YT!? ❤
He stated in one of the last videos that he changed his mind about that because of the positive impact he's having.
🖤🫡🫡🫡
"hmmm this seems to be your day, but Gamestops going to the moon so I have that" XD
:D
I wanted to point out, and possibly discuss next episode; As u/solar_moonshot recently brought up some old DD on swaps, and a potential 4 year swap cycle.
Could we look at dates, Jan 13, Feb 28, Mar 24, May 25, May 26, Aug 25, Nov 21, and Nov 22 dates in 2017, and again in 2021?
There is consistent movement in volume and price on those days in both 2017 and 2021 to the precise day. We could be in a 4-year swap cycle set to repeat in 2025.
Bullet swaps are 2 years so I think they could be seeing those. The issue is that the signals are all there, but it's very tough to track them and I think they changed form.
Archegos was using Bullets (2 year I think) and was able to last-minute roll some before exploding.
CS rolled a lot out to end of May of this year which could explain what we saw this summer.
I think UBS is using something else.
@@RichardNewton We haven't seen the same pattern on the 2 year mark for these swaps (2017/ 19/ 21/ 23).
However, looking at the 4 year, they track precisely to the day (2017/ 21). We're talking 400-600% increases in average volume in 2017, and more so in 2021. Highly encourage you to check out those days for 2017 and 2021, every date hits.
No doubt these are legacy short positions paying an ungodly premium, and with the price tracking and feeling like December 2020, I'm curious to see if they were ever rolled out or handed over.
I'll check it out today! :)
Damn I went in with calls today but I am in deep red, should have sold. Does not seem like anything is happening with this stock!
Buying Calls on GME seems incredibly risky. The premiums seem to be way too high usually and they can be dropped off a cliff so easily.
@@RichardNewton yeah I know that now, I am angry at myself lol I hope it goes up a bit for me to sell :S
Ps5 pro was over priced from manufacture. With the economy the way it is, people are just waiting for ps6
Bullish!
Richard it’s not good to workout out everyday …..you’re body need to to recover and then grow new muscle if your your trying to gain muscle
But the pushup streak is directly correlated to stock price going up. XD
I love the nihilism in Ecclesiastes for one reason personally:
King Solomon, who was the richest most successful man. Gold,women, anointed by God, son of David! And he...got...sad? Was depressed? Thank God that state of wealth does not dictate emotions.
So true!
These videos are way too long, could you resume them in 10mins max??
Bro, we love the content! Let the man cook!
Let the Richard cook 👨🍳
We don't need rushed ten minute videos. We enjoy listening to everything RN has to say
no
Tik tok attention span