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GameStop Corp. Message Board

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  • jesterbunk jesterbunk Feb 24, 2010 1:23 PM Flag

    Good news for GameStop. The DLC threat is minimal. 1 out of 3 people in USA have broadband

    "Huh,long term holders did not buy at 19 and most will not sell until stock reaches 24-25 range."

    I think Lionel is a perfect case to counter that assumption. Long term holder from much higher prices, sold out gradually including at $19. How many people bought in the $50's when management were putting out rosy guidance they never met (and they were selling their own shares into that phony guidance)? Or the $40's, $30's, even $20's? Maybe they need to raise capital, maybe they see safer investments elsewhere, maybe they want the tax loss, whatever the reason there's nothing to suggest they will all hang on hoping to break even some time in the future. Remember at these prices, nearly everybody who bought GME in the last 4 years is underwater, while GME's future looks less clear today than at any time in the last 4 years.

    "I also believe that with better comps this year and Natal, we will finally see some positive news. IMO the publishers and GME will rebound as their stocks are reaching lows while general market has clearly done better. Why buy Amazon near its high when issues such as sales taxes are a concern?"

    Agreed, and I think AMZN are crazy expensive, however if the market rally fades on sovereign debt concerns, recovery concerns, jobs concerns, you name it, then speculative stocks with little earnings (the pubs, except ATVI) and those with questionable business models (GME) will also suffer. If they haven't participated during the rally, they certainly won't during a sell-off.

28.47-0.01(-0.04%)May 23 4:02 PMEDT