I hope you are right I also took my first position ever in this stock earlier today. In at $35.20. I like the dividend and hope the stock is near a bottom.
I was once told the best way to help determine whether to buy a stock like this or not is to actually visit a few store locations. I know this represents a very small sampling and yes I realize it is the holiday season but I did just that and the stores were very crowded for the several hours I observed them. Not the most scientific approach but made me feel comfortable enough with today's drop to dip my toes in for 500 shares.
Best of luck to those that are long the stock.
thinking about taking a position in the stock and wondering if anybody thinks the stock is a takeover target especially if the share price continues to fall.
Maybe you're right, my only concern is a kind of surprise news, like stock repurchase hinted by the mgmt... that will definitely cause a squeeze considering the large short interest.
I don't believe the hype that this company will lose out to digital downloads but am getting really tired of all the excuses of why they aren't performing. Seems like every year we wait for the XMAS season only to find that it was again a lackluster yr. I know I should just sell but I do like the potential
Guarantee I've made a lot more money long and selling covered calls than you have going short. I own 1,100 shares of GME with a cost basis of $29.31. Bought some below $20 and some above $40. Sold 11 Dec $46 calls before earnings for a nice profit. Sure GME is down $8 since then but I'm still up and have made enough off selling covered calls over the years that I went from 500 shares to 1100.
since this post of yours, do you have your answer? Shorts have done extremely well here and it looks like that play will continue.
Take a look at the long term graph, huge support here for the stock around the $33 level. I expect to see a drop close to another $1 and then we'll see the shorts cover and I'm sure some will take a long position and the stock should swing. 15% upside at the minimum here in the coming MONTHS (months is the key term, this will not be a move in a week)
Not sure what the big deal is - let shorts make money how they like, and let longs make it how they like.
I'm long and got in low.
Analysts are a hundred times more damaging than shorts anyway.
Sentiment: Strong Buy