Their sales are up 10%. So people are staying home more than before. What else? Are they drinking more or eating more popcorn. Anyone care to brainstorm?
In the last year GME has gained over 10% 8 times including yesterday. In all 7 previous cases, it has given up at least 7/8ths of those gains within 2-6 days. If that pattern continues, that would mean a low of 23 within 2-6 days.
Not a prediction, an observation.
I am HAPPY but SHOCKED that "we" held up. History says that is unusual for GME. That is going up and staying up after earnings or reports, no matter how good. Maybe this is the start of something better.
Like I said the other day, some people don't want a counterpoint for their investment choices which may help them see angles they haven't considered. Some people only seek validation from others that everything is wonderful and their choice was the right one, and feel threatened by anything else.
That's how you end up a bagholder, like Lionel.
Right, I am the master of being wrong. I admit that my core position is underwater (for now). BUT, I've got REALIZED gains om buys and sells and options trades of $21K so far.
BTW: Its nice to see that you are always right and everyone else on the board is wrong...welcome to IGNORE.
For now or until the close, at least let the longs enjoy GME's gains!
As for your short position, simply put, you are on the wrong side with the SSS that were announced yesterday. Last year's environment cannot be compared with '08, and I don't care how you say it.
It appears the traders are with GME today; therefore, cool it for a while, please!
If your definition of being wrong is that the stock went against your position one day, because I don't know what else you might be referring to, then you are the master at being wrong, as your months of pimping GME here clearly demonstrates.
GME is telling us that GME is undervalued, has successfully weathered the most difficult economy for retailers in our lifetime, and that things can only get better from here. GME is telling us "buy GME". it's a no-brainer. there's plenty of room for the stock to go before it is fairly valued. sure, you can try to over-think this and go for some pin-action, but you might prefer to keep it simple.
"GME is telling us that GME is undervalued, has successfully weathered the most difficult economy for retailers in our lifetime, and that things can only get better from here. GME is telling us "buy GME"."
You forgot GME is telling us their SSS comp is down 50% from last year, their earnings forecast is well below their late August guidance despite an accretive acquisition, and they still haven't given fresh guidance after pulling the 2009 they prematurely gave earlier this year (right before the execs sold their shares to retail investors at $55).