This guy is pounding his chest while the whole market is coming down. Nothing has changed fundamentally with GME. Yes it's tough sledding for now will see how it shakes out.
"just follow what i said and you wont lose your money"
--> Like this great call of yours?:...
Re: I TOLD YOU SO!!! 11-Jan-08 08:46 am
40,s today............just watch!!!
The 11th came and went (as did the 14th, 15th). Hey, it looks like the blind squirrel should get the nut today though. Congrats for calling a stock to go down "in a down mkt"... You could have thrown a dart at a board and done the same thing...
You really need to improve your posts because trying to sound like you called "a stock" to be down "when the entire sector/market is down" really sounds moronic don't you think? Seriously, even you have to see how stupid that looks. Just look at the chart since "your call...LOL".
On the other hand, it "would have" looked like a great call "if" GME was down while the rest of the secto/mkt had gone the opposite direction. Anyone can act like they're a genius by "trying to take credit" for a stock being down when the "ENTIRE MKT is down" (it looks idiotic though)... Why not just throw a dart and take credit for "a great call"?... LOL.
The impotent bears are quietly looking for medication haha.
GME will not trade at $35-40 unless major fundamentals change. The recent price movements are normal in my opinion, especially with high growth stocks, and other overall market factors.
I will also nibble back in if GME price hits $50.
BTW, what are your thoughts flyer on that arbitrage opportunity between CFC and BAC? might be good.
GameStop (GME: NYSE) By Wedbush Morgan Securities ($51.95, Jan. 10, 2008)
WE ARE LOWERING OUR RATING to Hold from Buy and our price target to $57 from $69, which reflects a multiple of 20 times our implied fiscal 2009 earnings-per-share estimate of $2.85. This multiple is at the midpoint of the company's historical average forward-earnings-multiple of 18 to 22 times, given our view that GameStop's higher-than-average earnings growth will start to moderate next year.
GameStop had great holiday sales, but we are increasingly concerned about its valuation, as we believe that investors are no longer willing to pay premium multiples ...