Look, you got scared out of a stock at the low... happens to everyone at some point. No need to come on here and be the big, scary bear now... one would think you learned your lesson when you were trying to be the happy bull...
I guess the way I looked at it was that it never should have dropped below 30, then 25, then 20. So when it dropped to 17, why not 12?
Sorry but I still feel that anyone looking for a continued push in the PPS will be disappointed.
Need to visit the results in a few months???????? for an answer???????
Lionel, i've always considered you a level headed contributor to this board and all around good guy. I really felt for you when you sold out, because I strongly believed it was the wrong move.
Having said that to say that GME could have easily gone to 12 is frankly, nonsense.
At 17 this stock was NEVER going lower for very long. You got caught up in the negative hype and made a bad call based on investor sentiment rather than fundamentals. There is no conspiracy as to why GME has traded higher from here - growth has returned to the retail gaming industry and is forecast to continue for some time to come. GME has made a move to address many of the concerns that have dogged it in recent times. I can't say where exactly it is going to trade from here but the company is very conservatively priced compared to it's peers so it's not a forgone conclusion that it won't trade higher from here. As such I'm planning on holding my shares for now and will continue to review the situation on a week by week basis.
Again, sorry things didn't work out with you and GME but I think your bad fortune is clouding your judgement.
Thats right and anyone lucky (not smart) enough to have bought at 17 (ignoring that 12 was a possibility) will now hold for 35 and end up with the short end of (another) stick.
The basis for the recent runup is no more certain than the basis for the previous fall.