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GameStop Corp. Message Board

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  • danielwilkins21 danielwilkins21 May 8, 2009 12:37 PM Flag

    Why GME will continue to go down

    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.

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    • "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

 
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