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GameStop Corp. Message Board

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  • somedumbuser somedumbuser Mar 22, 2012 9:53 PM Flag

    GME

    I dont understans your logic. Last I read they are closing 150 stores and opening 100. So... if you sell 150 shares of a company and buy back 100 shares, are you "dumping" stock?

    foolish trade but you may turn out correct. no one knows the future except market makers and hedge funds,

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    • Dumping stock to buy back in at a lower price is an old investment trick. Not stupid when you end up with more shares of stock of GME than you had before you sold.

      Of course, not exactly.sure yet if I am getting back in.
      But, after review of earnings transcript the outlook for GME isn't all negative. Lots of positives.

      So I guess I have mixed feelings. Square footage of GME stores will continue to shrink while digital grows at 50% clip with trade ins of electronics on top of that.

      We may not see next Gen hardware for Microsoft and Sony until 2014.

 
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