I'm not a rat short. I'm long GME. But the increase in short interest since year end is starting to worry me. If the shorts are right, the coming quarter is really going to suck. If GME is able to report EPS within their guidance, without significantly reducing forward guidance, I think we should be due for a rally.
WWW.vgchartz.com clues you in to what April video game sales will look like. If the numbers are correct then there expect a massive plunge year over year unlike anything ever seen in years in this sector.
The unfortunate reality is that gamers aren't spending.
US sales numbers show only 1 title breaking 100,000 units in sales for the week ending April 21st.
The week prior to that was also shockingly bad. Xenoblade so far sold only just over 200,000 units.