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GameStop Corp. Message Board

  • iem02 iem02 Dec 20, 2002 9:15 AM Flag

    ELBO cut to bring down GME even more?

    A 3rd straight beating?

    It already got spanked badly on it's own news, and ELBO with it. Today they probably switch roles.

    I think it's already oversold, but today it could get even more tempting.

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    • The reason gme has been wiped out in the last 30 days is twofold. First and foremost a managment team that was overly optimistic. The company had an incredible Christmas season last year because of all the new hardware that hit the shelves, xbox gamecube. This year with a shortened holiday sales cycle and no new big ticket item to push, they are selling games, accessories, and hardware, but not to the extent of last year. We bought xbox and gamecube last christmas. The company should have known better and not been so aggressive. If they had left guidance for the year at 20-25 revenue growth this would still be a 20 dollar stock. Lastly the stock is so thinly traded it is extremely volatile to the downside and eventually to the upside. I am not worried about the video game industry.

 
GME
26.83-0.18(-0.67%)Feb 5 4:01 PMEST