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GameStop Corp. Message Board

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  • flyerd1 flyerd1 Sep 30, 2008 10:02 AM Flag

    Reiterate 25-30 by Christmas

    Those aren't actually fair statements. The tidal wave of selling caused by fear (especially irt massive mutual fund redemptions) is basically impossible to hold back/. It doesn't matter "what" a company says in a tidal wave like we have occurring right now. How many of the other companies are getting "any" success by doing the things you listed? Answer: An "extremely" small % of the traded stocks...

    If he's right it "will not" be due to anything GME specific. It will be due to the S&P/DOW/Nasdaq being around 1000/9000/1700 respectfully...

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    • I'm talking about the performance of the stock over the past year, not just Depression 2. Ever since it tanked for the first time on blowout earnings about a year ago, it's been a tough stock ever since. It couldn't even hold much of a mild, extremely brief 2.3% bounce this morning. Most other stocks are still holding much of their bounce this morning while we're barely holding green by our fingernails. Don't get me wrong, I am holding onto my shares. I'm just not enjoying this.

      • 1 Reply to csaia2003
      • I agree that it's not fun for anyone. IRT GME's past performance vs. the mkt it only started to consistently under perform it starting around mid May. So its been about 4 months and this whole financial situation was a huge part of it which I still think was too big of a tidal wave to overcome.
        http://finance.yahoo.com/q/bc?t=1y&s=GME&l=on&z=m&q=l&c=&c=^GSPC&c=^IXIC&c=^DJI

        Game sales are still fine and "mt prediction" is that its going to be a huge holiday season for VG sales and that GME will blow away est's. The problem is simply that it mat not matter because most stocks are "not" trading on anything close to their fundamentals right now They are trading on "FEAR valuations"...

        GITA!!!

 
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