New lows? Having our discussions hijacked by a turd like you? I would say that's the lowest level possible. Keep trolling, troll. By the way, I own 2 McDonald's franchises. I have a job requisition open for someone to play the Hamburglar at the stores. You thought you'd be perfect for the job when you thought it was for a turd burglar didn't you?
"It's the economy stupid"
Investors are nit picking, scared, jumping at every tidbit of negative news, ignoring positive news. No one really believes the economy is recovering, although there are more and more reasons to think it is.
The worst of the doomsayers are predicting a 25% decline in the market. The lesser of these Chicken Little's are saying a 10% correction is inevitable. The chartists are all in agreement. "We have come too far too fast". "We are in a dead cat bounce". Everywhere you look some "nattering nabob of negativity" is posing for the camera.
If they all were united around the doom and gloom prognistactions I'd say "good! this means we are in for a robust recovery" because the market seems to delight in making "experts" into "fools".
However there are some, like the Fed, and the Obama administration (well duh!) and the Conference Board and the LEI, who say, "It isn't all that bad".
So it remains up in the air. No one will go out on a limb and plop down the cash for 10,000 shares of GME or any other stock if the economy is headed for a W shaped recovery and we are on the middle peak of the W.
Now after saying all of that. I'd like to point out 4 things. COD MWII billion dollar sales, Bioshock II hundreds of million dolar sales, God of War II ultimate version sold out at GME, Walmart etc. and Heavy Rain, expected to be a very successful opening.
This all means that money has been pouring into GME accounts. So, when the next Earnings report comes out, I expect some very good numbers and a nice boost in the SP unless the execs at GME spent all the money on private yachts, hookers and mansions in Florida!
When is the Earnings Report due, anyhow?
LOL dude you spilled out all that and you have no clue when earnings are? I hope you don't own GME but have the feeling you do and are down.
GME will have a bad qtr just like GME believes in their own guidance. Takes alot more than a few game sales to make up for previous poor performance. I bet you have no idea what GME's margin is on new game sales do you?
SIMPLE they gave poor future guidence on last earnings, poor sales, employment remains high, economy in recession, video gaming changing, poor business model, poor mgt how many more reasons do you need?
Again I as I have been warning for months now and was bashed, be on the lookout for yet new lows coming. Just walk into a GME and see how dead they are. Selling used games WILL NOT keep them afloat for long.
" Just walk into a GME and see how dead they are"
Don't you get tired of lying? The stores I visit are packed on the weekends. Stop ignoring the strong lineup of games this year with better comps.
Try talking to the GME managers and discover how strong preorder sales are. Try talking to gamers and see where they continue to shop. Nope it's not WalMart. Have you ever been to a WalMart?..lol.
Remember that used game sales do best in a recession when the consumer is hurting. Remember that other attempts from WalMart and Best Buy to compete in this market have failed.
Have a nice day.