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GameStop Corp. Message Board

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  • crz0ing crz0ing May 8, 2009 10:04 AM Flag

    Why GME will continue to go down

    I am waiting for <25 and/or a good conference call. I dont think this will require too much patience. Really I'm playing a retail second half of '09 recovery. Options expiration below 25 would be my entry.


    Dog will not help with frustration. crz

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    • just about every other retailer has outperformed GME YTD. if you want second-half 09 retail, why GME? too much doom and gloom hanging over this stock like a dark cloud. remember Q3 earnings? the shorts destroyed the stock. wait for that kind of capitulation, and then get back in, but just for a trade.

      • 2 Replies to danielwilkins21
      • "the shorts destroyed the stock."

        Good point!

      • Thanks for you insight. I've been watching GME and your analysis is well done and quite spot on.

        Thoughts:
        Technically:
        1) GME looked like a channel trade, but the pattern appears broken for the moment. I don't like the way the secondary indicators are looking for the stock; it appears headed to 24, maybe even 22. Yesterday was tempting, but I held back due to the fact that I really didn't like the secondary indicators. The channel trade pattern appeared to be weakening.

        2) On the other hand, have you compared the correlation between ATVI and GME? ATVI is appearing to trade differently from GME, I suspect due to WoW's inclusion in their product line and the stability of their cash flow.

        3) If you're still short, a nice time is to cover today :).

        No position

 
GME
42.20-0.64(-1.49%)Aug 29 4:03 PMEDT

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