It was around this time I had GME on my watch list and not long after I threw a storm about how the company's business was going away.
I laid out some facts about how the CEO had all this cash on the balance sheet and certain moves needed to be made to get into digital, tablet, mobile phone, and other business areas. The whole business model had to change with the times or risk letting yourself get steamrolled by technology.
Now, Shorts and Putz buyers get instantly rich beyond your wildest dreams making a negative bet on a stock just weeks before it goes under. That was exactly why the stock went to $17.70 1 year ago from today.
So, for those longs that kept with it or for longs like me that caught the turn-a-round,
Happy 52 week low day anniversarry to you!
It is quite amazing that even today some bets are being made with bankruptcy expectations on this stock. At least cone to grips here that Gamestop today is quite different than Gamestop of 2010.