Selling that questionable stock is strongly advised at this time to avoid potential future failure

In a rollercoaster ride for investors, the stock of video game retailer GameStop (WKN: A0HGDX) has seen a surge once again, rising by nearly seven percent at one point on Friday and an additional 1.38 percent on Monday. However, this uptick comes amidst warnings from financial experts urging investors to sell their shares, citing a predicted drop in the stock's value.

Three years ago, a hype rally, fuelled by social media and platforms like Reddit, pushed the stock to unprecedented heights. This surge was allegedly due to a post by investor Keith Gill, also known as "Roaring Kitty." The meme he shared did not directly reference GameStop, but its former co-founder, Ryan Cohen, is currently the CEO of the company.

Despite this past surge, the retailer has been struggling with a changing market for used games for a long time. Store closures, lower sales from game sales, and competition from gaming streaming providers continue to burden the stock. Wedbush analyst Michael Pachter expects revenues to have fallen by more than 20 percent year-over-year.

The expert recommending selling GameStop shares is Bill Gross, who views GameStop as a good candidate for options selling but no longer sees it as a meme phenomenon. He advises investors to withdraw their money as soon as possible, with no sign of a turnaround for the company.

However, the Meme community might buy into GameStop after poor results, but serious investors are advised to steer clear of the title. GameStop has never given investors a reason to invest heavily, and the expert's advice does not include any reference to the potential encouragement of the Meme community.

On Tuesday evening, GameStop will publish its second-quarter results, which could potentially influence the stock's trajectory. Investors who still hold GameStop stock are advised to sell it on Tuesday to avoid potential losses, according to Gross.

Despite the warnings, the stock's recent surge can be traced back to a post on X (formerly Twitter) by Keith Gill, which was a meme from the movie "Toy Story 2" that symbolizes "I don't want to play with this anymore." Whether this latest surge will lead to a sustained recovery or another dip remains to be seen.