I'm surprised at the strength that GameStop has shown. I honestly thought it would drop back to the 34-35 region then I would pull the trigger on a buy. But it hasn't done that so I sit here twideling my thumbs wondering what to do.
I suppose your right on the broad market basis. I guess when I wrote this I was thinking more about stocks I watch more closely, such as IBM, INTC, GE ( My Employer and worst stock I've ever laid eyes on ) DELL, MMM etc...etc.. I like GME's advance yesterday and hope it continues. Good catch and good luck !
I must take issue with you over that. Over the last two weeks the price of GME has fallen from $39.18 to today's closing price of $38.72. That closely parallels the price trend of the S & P 500. So if you say that gme has performed respectively over that period then one would have to say that the S & P 500 has performed respectively also.
I agree. Yet I only point out that their inventory of older games may be difficult to sell at their expected mark up in this 2006 environment. As the industry moves into the third generation of game platforms (this year) GME will have to make some adjustments.
Note: I am not one to glote or brag, what you make or lose is of no value to me. Likewise only fools pat themself on the back.
gme sets the price that they buy and sell older used games... in effect their business model allows for them to set their own margins in this segment of their business.
judythree6, when gme is trading at 45.00, (currently at 38.27) which i believe it will later in the season, i'll remind you of our talk today. conversely, if it goes down to 33.00 feel free to gloat!
given the information that has been released to investors, it is very unlikely gme will go back to 32.00. this would require a material change in the company guidance, or overall meltdown in the general market. i wouldn't count on either.