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GameStop Corp. Message Board

  • lionelman17 lionelman17 Jan 4, 2010 3:48 PM Flag

    Physiologically

    I'd like to see a close above 23.00 today.

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    • The last several months, you mean while this stock tanked, you are a total clown. Buy and Hope, right?

    • James, you could simply do a search for my previous posts over the last several months - I don't have time to babysit you today.

    • trust me, I understand this full well, and I am not up 500% in 4 months, but I am up way more than you, which is 0% with 4 months of time value wasted. So what is the catalyst, explain it to me in simple terms that somebody as dumb as me could understand.

    • Lionel don't let him get under your skin.. the man is simply arrogant and was probably bullied as a kid judging by the size of his inferiority complex.

      "My math might be off but I will take up 8 percent in 2 days over up the exact same 8 percent in 4 months, which would have tied my money up not allowing me to make more of it"

      Right.. because I'm sure you reinvested that 8% gain every two days after that for at 8% every two days for four months .. you must be up about 500% in 4 months now - congratulations (Don't make me laugh).

      Just beacuse you don't understand what the potential catalysts are doesn't mean they don't exist.

    • I admit to being a bit slow but its finally become obvious (to me) that either you are totally insane or just here to try to aggravate people.

      -----------------------------

      "30G in a couple of years, wow.

      The average minimum wage job would pay you more in a couple of years, and you don't have to risk a penny of your own money. I am assuming you are doing "work" since you are on here doing research and trading around your position, which I consider "work". Imagine the extra sleep you would get flipping burgers at Burger King, or perhaps you could become a clerk at GameStop, they owe you at least that."

      -------------------------------

      Not that it matters to anyone else on this board but you have finally made it to my IGNORE list.

    • 30G in a couple of years, wow.

      The average minimum wage job would pay you more in a couple of years, and you don't have to risk a penny of your own money. I am assuming you are doing "work" since you are on here doing research and trading around your position, which I consider "work". Imagine the extra sleep you would get flipping burgers at Burger King, or perhaps you could become a clerk at GameStop, they owe you at least that.

      As for the patience part, you are going to be waiting a long time, this stock was hot a couple of years ago when the company was growing at an alarming rate, that isn't happening anymore, and investors have clearly started to jump ship, look at the PPS for evidence. The only way you are digging yourself out of this is by writing covered calls every month, recouping your losses, and selling this thing for a nominal loss or gain, or continuing to write covered calls for additional monthly income after you recoup, I know that your position is sizable, and as jerky as I sound at times, it is simply sarcasm, I feel for people in your position, and I know plenty of people who are far underwater in the stockmarket. That is what I would do in your position (granted I would never get to there, since I use stop losses and can't tie my money up for years at a time). This stock has no catalyst to get back to where it was, plain and simple, if someone wants to give me a good reason, I would love to hear it. If you think that because a stock is oversold that it is entitled to go back up, I can give you a huge list of other stocks that were "oversold" and direct you to a number of message boards that shared the same sentiments, most if not all haven't recovered and continue to make lower lows, and lower highs as time goes on. This stock is a trading vehicle, that trades in a very predictable channel, and should be used as nothing other than that based on my opinion and my history of tracking this stock. You want to make an "investment" go buy VZ or Aapl, you will sleep well at night and in 2 years you will have way way more money than you have right now.

    • I don't need you worrying about me. I the last couple of years I am up about $30G (REALIZED profits) from the buying and selling of the stock/calls/puts.

      As to my core position I have sufficient patience to wait it out.

    • I was talking about Lionelman. Good for you Hayden, you have 2 big positions in the 22's, which is right about where this stock is trading as I type this, factor that in with the time you have spent holding the stock and you have a real winner of a position. I held this stock for 2 days with a profit of just under 8 percent, and I will see you again in 3 months when I buy it again for 22 bucks a share. Like I said before this stock is a trading vehicle, the company will continue to underperform, because the business model is flawed, there may be good quarters mixed in, but over time, this company is worth very very little. I will reiterate my original trade strategy, I would be pocketing profits now if you bought last week, at least taking enough off the table that you won't get destroyed in a bad earnings report. The goal here is to make money, not fall in love with some random video game store that doesn't know you exist, but what do I know, I am a "no nothing" day trader. My math might be off but I will take up 8 percent in 2 days over up the exact same 8 percent in 4 months, which would have tied my money up not allowing me to make more of it, which is after all is said and done the goal, or down 30% in a year like Lionelman. See ya in a few months, and good luck, I hope it all works out, I sincerely doubt it will.

    • me thinks we might break 24 today. Go go go!

    • "I already know you are far underwater with virtually no hope of digging yourself out, textbook baggie"

      James, the unfortunate reality is what you think you "know" 9/10 is pure fantasy. Case in point - I have two reasonably sizeable long positions, both in the 22's. I'm sure you can do the math.

      I love how you somehow try and justify that the company has bad management because they haven't participated in the broader market rally. Like that is anything they have control of - they have hold sway over market sentiment.

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