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GameStop Corp. Message Board

  • stocktraderjeff stocktraderjeff Jan 15, 2004 10:57 PM Flag

    Conditions Are Set

    The conditions for a run over $20 have just been set up. Banc of America Securities has initiated coverage at neutral. And while they say they are rating the stock neutral stating they see no big price action they then proceed to make a case as to why there are so many good things coming up that could potentially drive this stock over $30. Yes, $30 per share next year. Yes, they could downgrade the stock but that is not likely, especially if you read their article. More than likely they will do nothing until Sony/Microsoft cut prices and then they will upgrade the stock. Between February earnings (GameStop is almost certain to beat the street), price cuts and new game releases this is shaping up to be a very good year indeed, even if we do have to ride these unfortunate dips for a while. But the lows continue to get higher and the highs continue to get higher. As I've said before and I'll say it again, look to May and June as HUGE months for GME & ELBO. Good luck to everyone!

41.47+0.73(+1.79%)Apr 17 4:00 PMEDT

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