So, not much chance of 26.44 friday? That would be a good barrier to break, chartists would see it over the weekend, then be jumping in on monday. im not too smart about options, if a stock is in an uptrend, what is the mechanism that hurts it on options exp. day?
I n 2006 the dow ranged between 11000-12000. The last time we saw 9500 dow was in 2003 at the start of the last bull market, and after the 2002 recession. The dow first broke thru 9500 in 1999, over 10 years ago. This recession is over, and if the market behaves as it has in the past we will easily see dow 10500 by the end of the year. that should provide a boost for all equities, including undervalued GME. Dont forget the market always looks 6 months ahead, not 6 months behind like you are doing.
And yet the market is back to 2006 levels. (that was sarcasm)
So either it was extremely undervalued in 2006 when we had all that easy credit and plenty of jobs, or it's extremely overvalued today. IMO the market is disconnected with the fundamentals of the economy, which is only being propped up recently by debt-fuelled giveaways like $8K home breaks, $4.5K car breaks, and stimulus to prop up bankrupt financials.
After the typical recession is over the stock market tends to recover, not go down in a big,big way as you suggest. You can go back and look at stock market behavior during an after recessions and conclude a DOW 10500 by years end. if GME could take out april highs of 32.42 the PE would still only be 13 and 2010 could be a big year for this stock (back to the 40's on momentum). or not, nobody ever really knows for sure, we can only make our best guess.