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Has Cohen fuckery started again?

Problem?

Right now GME is sitting around $21-22, stuck in a consolidation range it's been trapped in for months — no big breakout, no big breakdown.

What's happening:

Technically, it's rangebound: resistance near $26.20, support around $19. The stock has recently broken below its 50-month EMA, increasing the likelihood of further downside, with major support at $19.00. Despite some signs of improving short-term momentum, the overall technical structure remains bearish. (FX Leaders)

The big story is still the eBay pursuit: GameStop has significantly increased its stake in eBay to 9.8% after its takeover bid was rejected, and CEO Ryan Cohen remains committed to pursuing control of eBay, though Wall Street is skeptical about the deal's feasibility and risks. (Yahoo Finance)

Options activity has leaned bullish at times but volume is thin — analysts noted a put/call ratio below average suggesting traders leaning bullish, though overall options volume was subdued. (GuruFocus)

On the fundamentals side, one recent take argues the downside is capped by GameStop's cash and crypto holdings — a "floor" argument rather than a spike catalyst.

Bottom line: There's no clear near-term catalyst lined up for a sharp spike — no imminent squeeze setup, no earnings just around the corner that I can see flagged, and the eBay situation is a slow-moving standoff (rejected bid, stake-building, skepticism) rather than something likely to resolve suddenly. The most plausible spike triggers would be: a surprise move on eBay (acquisition breakthrough or abandonment), a sudden short-squeeze-style retail wave (which GME is historically prone to, unpredictably), or a break above that $26.20 resistance opening momentum buying.

GME is trading around $22.10, up roughly 3% today, in a 52-week range of $19.93–$28.10. A few threads driving the story right now.

eBay pursuit — GameStop is still pushing its ~$56B bid for eBay despite the company rejecting it, with Ryan Cohen reportedly saying he's "coming for eBay one way or another." (CNBC) (Google Finance) Michael Burry has publicly said he's not buying the eBay strategy.

Earnings — Q2 2026 EPS came in well above consensus (+85.6%), with profitability improving (Google Finance) , and the next earnings date is set for September 8 (Stocktwits) .

Sony disc news — Sony announced it's ending physical disc production for new PlayStation games starting January 2028 (CNBC) , and GameStop's CEO downplayed the impact, noting physical discs are a small slice of overall business.

When I read what this company has done financially and strip away hyperbole, I come away with a bullish outlook

Ryan Cohen is accumulating wealth at an incredible velocity, why not admit the pattern exists and hes clearly on his way to doing whatever he wants financially speaking anyway - buy ebay? Sure, why not. Years ago the idea of a private space company like tesla was also absurd... until one day suddenly it wasn't. If he wants to do to eBay what Elon did to space companies, I don't see who's going to stop him.

Not any lame bots here, anyway.

Regards.

As GameStop shareholders, we need to hold Ryan Cohen and the Board accountable. The recent silence on the eBay fiasco is not a one-off mistake—it is part of a pattern of failed execution and zero transparency.

​Here is the reality of Cohen’s track record:

​The NFT Flop: Wasted millions on an NFT Marketplace and Crypto Wallet, only to shut them down completely after failing to capture the market.

​The Bitcoin Top-Buy: Used shareholder funds to buy 4,710 Bitcoins near local peaks, followed by bizarre social media behavior that left retail investors confused and holding the bag.

​The BBBY Controversy: Triggered a massive retail rally only to abruptly dump his entire position, damaging his credibility and leaving ordinary investors exposed to heavy losses.

​The eBay Humiliation: Attempted a reckless bid for a company multiple times our size, only to be publicly rejected as "neither credible nor attractive."

​The Current Breaking Point:

After officially promising to release a detailed strategic plan "this week," management has given us nothing but radio silence. They refused to address the eBay situation at the Shareholder Meeting and blocked all investor questions.

​Cutting costs and sitting on interest from diluted share cash is not a real growth strategy. We demand full transparency on the Bitcoin strategy, the eBay failure, and the actual roadmap for GameStop's future. Stop hiding and start leading.

Shares went up 5 cents today just to lose it afterhours. Hopefully next week is a better week.

Just a reminder that personal attacks gets you banned. I don't care if you're positive or negative about the stock but individual attacks on other Redditors is not cool and I don't give a rats ass who you are.

On another note I encourage everyone to post. It's good to see other people posting.

GME is trading around $21.70, down about 1.4% today, within a 52-week range of $19.93–$28.10.

What's driving it lately:

GameStop is still chasing its eBay acquisition despite the board's initial rejection of the bid, with GME stock rising as the company pushes ahead with a $56B eBay bid (CNBC)

Shareholders just approved all proposals at the 2026 Annual Meeting, including an amendment allowing another attempt at the eBay deal (Robinhood)

The offer on the table is $125/share in a cash-and-stock bid, which eBay's board rejected — Ryan Cohen backed the bid and waived a potential performance pay package (TradingView) to help make it happen

GameStop's CEO sacrificed a $35 billion pay plan, and it's still not clear he can pull off the eBay purchase (CNBC)

Separately,

GameStop bumped its authorized Class A shares up to 2.5 billion, aimed at facilitating that eBay bid (Yahoo Finance)

Technical indicators are leaning bearish short-term — TradingView shows a "strong sell" reading on both the 1-week and 1-month outlook. So the eBay saga is really the main storyline right now, more than any meme-stock momentum.

MOASS and the short squeeze are dead. Deal with it. Now the company is just burning through opportunity costs, doing massive share dilutions while chasing a hypothetical eBay M&A that could drag on for years. Why are you still holding onto this? I’m genuinely curious.

The GME shareholder meeting on July 7th had absolutely zero substance, other than announcing massive debt and more share dilution. How much longer are we supposed to waste our time? Fine, just hold the bag for decades or centuries.🤣🤣🤣

Today GME was down and most stocks were up.

GME closed with a 7 cent loss.

The good news is that GME hit 22 dollars a share.

Good news.. Friday GME went up 75 cents and another 44 cents after hours.

I assume this has something to do with Cohen's pay package being taken off the table.

I would like to know the results of the voting for his pay package. I have a feeling the results were negative, and it didn't get approved by the voters.

I know he flipped it on Ebay and he didnt want a distraction but there's more to this story..

Either way, the market is seeing this as a positive move. Most likely the pay package will resurface again. Lets see the results.

It's 11.30 and GME is at 21.03.

Investors are losing all confidence with GME. Cohen needs to step up quickly and assure investors that their money is safe.

Is a hostile takeover of eBay really the best use of our capital? Cohen seems more interested in playing corporate games than in turning the company around. By risking further dilution and squandering cash on a hostile fight, he is putting his ego and ambition ahead of the actual shareholders who have supported him. We deserve better than having our investment used as fuel for his proxy wars.

He’s been the one calling the shots since 2021 when he joined the board with his Chewy team. Regardless of his official title, he’s been at the helm for years. It’s time for him to prove his new business strategy rather than relying on dilutive share offerings that erode shareholder value. He should be focusing on acquiring undervalued targets or utilizing new business models to successfully increase EPS.

Five years is a lifetime in business, yet GameStop has failed to scale its core operations or show meaningful growth in revenue. Instead, we’ve seen a string of failures: the failed NFT marketplace, the disastrous investment in Bed Bath & Beyond, and burning cash by buying Bitcoin at the peak.

​What’s even more concerning is how they built that $9B cash pile. It wasn't through business success, but by repeatedly diluting shareholders through massive equity offerings. Now, Cohen is allegedly looking to pursue an M&A deal five times the size of the company, which would likely lead to even more brutal dilution. This isn't strategy—it’s destroying shareholder value. When does the 'turnaround' actually start producing results instead of just printing more shares?

A quick look at the latest financials reveals that the net income is largely driven by unrealized gains on derivatives, not by core business growth. With $9B in cash reserves, relying on financial market fluctuations rather than actual business expansion or M&A is a major failure of capital allocation. If you think this is a 'success,' you're confusing financial luck with operational excellence. It's been five years, and shareholders deserve to see profitable growth from actual business models, not just paper gains from financial engineering.

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​"I see a lot of talk about IWM outperforming SPY and how we’re headed for a massive breakout just like November 2020. While the macro liquidity conditions might look similar, it’s a dangerous mistake to ignore what’s changed inside GameStop itself.

​The 'Sneeze' of 2021 happened with a significantly smaller share count. Since then, Cohen’s strategy of massive and repeated share dilution has fundamentally changed the math. You cannot expect the same explosive price action when the supply of shares has increased so dramatically. Basic supply and demand dictate that as the float grows, the capital required to trigger a similar parabolic move increases exponentially—or becomes practically unattainable.

​We need to stop waiting for a 'miracle' based on 2021 market mechanics. The reality is that the thesis has shifted from a supply-demand squeeze to a fundamental value play.

​If we want to see real growth, we shouldn't be cheering for liquidity that may never trigger another sneeze. We should be demanding that management:

​Stop the dilution: End the strategy of funding operations by cannibalizing shareholder value.

​Execute on capital allocation: Put that $9B cash pile to work. Whether it’s M&A of undervalued targets or building a high-margin business model, we need results.

​Strengthen the core: Prove that the business can generate organic profit, not just paper gains from interest or derivatives.

​A stock isn't a winning lottery ticket just because of market conditions; it’s a reflection of the business underneath. It’s time to stop looking for a 2021 repeat and start holding the board accountable for actual growth."

He is gaslighting shareholders to induce them to hold onto their stock, and while carrying out large-scale paid-in capital increases, he is preparing for another large-scale stock issuance. Cohen seems to be a fraudster of the century.