This week we reach one of my favorite milestones that I love seeing when I invest long in a beaten down stock with large amounts of Short and Puts interest and earn a paultry $10,000 in less than a year (according to some SHORTS / PUTS buyers I supposedly have only earned 10K in my portfolio year to date...ROFL!)....
But I digress...
August 31st 2010: GME $17.70. August 31st, 2011: GME $??.??
Yuppers...An ever higher 52-week price appearing on Yahoo Finance charts for the stock could be in store.
2010 was a year of an ever lower 52-week low.
So, yes...It is significant when a stock's 52-week low keeps rising.
We will see it jump to an 18 handle real quick and correct me if I am wrong but the stock dipped to $18.50 recently, so that's pretty much where it will stay. $18.00 - $18.50 range for another year.
Stock is up over 25% year over year. A similar increase in share price over today's close? $28.87 (just in-time for my catalyst's release date to firm up!)