http://blogs.barrons.com/techtraderdaily/2007/11/20/video-game-stocks-slump-on-weak-gamestop-outlook/?mod=yahoobarrons
"A couple of other tidbits: The odd thing about the behavior of the stocks is that the conference call after the earnings announcement provided not a hint that anything was wrong; the analysts kept congratulating the company on their excellent quarter."
You're telling me its odd.
yeah I was in GMe today and had in in my hand but put it back couldn't decide if I wanted that game or mass effect or world in conflict so I punted and didn't buy any.
LOL - made me smile.
Well, Assassin's Creed is a pretty fun game to play too, unseen. You might want to check it out. Just buy it from GME! ;)
good luck. remember you can't win if you don't play.
yes it does, it is why many people have stayed out of this bull market, the lessons of the dot.com bubble are too fresh in the individual's mind. Wall Street tends to cut its own throat in their pursuit of the greed. Most of this downdraft is due to rumor,tips, fears that CNBC dutifully repeats. good news is soon forgotten and the predators move in. They will do this until volume dries up to the point that it no longer pays. Their looking for capitulation selling. I think they are getting close. then they will load up and sound the all clear and CNBC will repeat nothing but good news. It all a game/hunt and you are either the hunted or the prey. Makes you fell alive at times and makes you want to hide at times but it is the only GAME in town that is worth playing IMO.
You are correct that the best time (if there is a best time) to lose is with small losses. That's why the great majority of my savings is still in my emerengcy fund/savings account drawing 4.75%. I have a cap on what I'm investing on my own due to a significant learning curve I hope to go through.
But, I am hanging on, at least until Jan.-Feb. We'll see how the picture looks then.
ugghhh - your description is almost too apt. I know they've got me running. When all you've learned about DD and how to choose a good company and what the technical indicators are etc etc - when that all goes out the window because of greedy bankers' near criminal negligence... well, that just sucks.
if you are going to lose money the best time to lose it is when you don't have that much to lose. Just hang in there. Market will be very different by 3:45pm then it is now. Not sure if it will be better or worse but sure it will be different. This is insane, reminds me of a lion hunt, pushing the herd one way and then another until the weak and young are seperated from the herd.
We can only wait now. The idiocy and flakiness of this market is to blame. Long investors have a good stock in their portfolios, and should hang on to it until it gets to around 70-75 IMO.
There is nothing wrong.
It's the overall market. In this type of market even HPQ which beat, raised, announced an 8 billion buyback is down. Now if HPQ is tanking, what do you think is going to happen to GME that didn't meet est for next qrt. 5 weeks ago this report would have moved the stock up, but in today's market it just wasn't good enough. However with this market if you wait a day it might change and then it might not. This market sucks. It is becoming even unable to trade on a day to day basis, it's almost a hour by hour trade now. TYhis is usally a good sign of a possible turn in the market. Indecsion is a classic tell of a market that is going to change. I'm just hoping it changes for the better.
I KNOW! :) That's why I agreed with the writer that it's odd.