People will always buy games happened this way last recession. Video game industry is it's own beast ruled by the console cycle. Right now the current cycle is moving into the sweet spot and then add in the Wii.
I would guess short term this trades up to 44-45...if we get a spike to the 200 day moving average at 50 it will be only temporary..would short around 44-45 and double the short position at 50. I don't always make money, but retail shorts have been pretty good to me lately.
Lets go on the record now with some of your thoughts instead of debating longs and short from a relative perspective (because you can make cases either way depending on your time horizon).
Short-term (next 10-15 days):
I think this stock will continue to bounce between $40 and $44 with a possible run up to $46-47 before earnings on the 21st. WHAT IS YOUR CALL?
Mid-term (between now and end of 2008):
I think GME can easily see $50-53 by Q4. WHAT IS YOUR CALL?
Long-term (12-18 months):
I think GME will see $60-65 within 12-18 months and possibly even run up and split? WHAT IS YOUR CALL?
Longer-term (3-4 years):
I think GME will double or triple its current value by late 2010 wiht the market share they are taking, the growth in video games, and the lack of competition from other retailers in this space? WHAT IS YOUR CALL.
Beyond that, I don't pretend to know given technology.
Since you know everything... and always make money.. give us your calls so we can go on the record now and revisit when we hit each milestone because I hate relative arguments.
Novelty has worn off at my house (that is what I said). Plenty of people still pulling out the Capital One card and buying Wii's. Retail faces headwinds just as big as the financials have....eventually people will wake up and realize that GME is a retailer and faces difficult times/comparisons.
How do you claim Wii novelty has worn off while they sell nearly 2 million consoles every single month? You have made so many ridiculous claims with no evidence it's almost funny. Who do you think you're fooling here?