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GameStop Corp. Message Board

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  • varchild2010 varchild2010 Mar 28, 2011 5:46 PM Flag

    Monday's Trading Action

    Now this is analysis worthy of praise and I agree with it whole heartedly.

    Just want to add that GME over at least the last 3 trading periods has an RSI above 70. That is an indicator that the stock is overheated.

    We need a nice pullback move down before we can push this one over $22.00.

    Investor Day Friday might be a catalyst to push us over assuming we get our Pullback this week.

    P.S. As long as GME remains one of the lowest P/E Multiples in its sector then Nintendo 3DS is most definitely not baked into the price.

    Something has got to give and GME will be deserving of a double digit P/E Multiple...Maybe if it meets or surpasses the high end of the company's EPS range for Q1?

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    • Allow me to clarify. When I suggested that the 3DS may well be baked into the pps, I was referring to investors state of mind, or their emotional response.

      The move GME has made going into the 3DS release was likely to have been fueled by investor optimism in anticipation of a postive release. So the release itself, as positive as it has been, has not moved the needle much. That is what I meant by "baked in the cake already." From a fundamental standpoint I do not feel that the 3DS numbers have been priced in whatsoever. The street will wait for some concrete feedback before figuring in the potential effect on EPS.

 
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