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.
I bought some of this sucker at 28 and planning to average down if it hits 24. I agree that right now it's being manipulated down before being pushed up to at least 31 if not before earnings then after earnings. Mark this post.
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 :).