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GameStop Corp. Message Board

  • EquityRich EquityRich Jun 15, 2012 11:13 AM Flag

    I wrote about the demise of GME on May 11

    For all of those who read my blog post and sold pat yourself on the back. I basically explained everything that is happening in the world of GME. I was a long time holder of GME and the time comes when you cannot ignore the data and trends staring you in the face.

    For those who are still long you can still save some of your money. I hope my blog post is helpful to you. I sold at 20.38 my entire position saving another 15% and counting of downside. I did not go short nor do I hold any options now. I just think it is un-investable in any direction now. I think the downside is inevitable but with such a huge short position you could get a squeeze if everyone panics for the door at the same time. This is not a reason to invest IMHO.

    Here was my May 11 post for those who missed it or are not sure what to do with their stock

    http://oracleofjersey.com/2012/05/11/is-gamestop-a-good-long-term-bet-or-is-the-tide-against-it-too-strong-now/

 
GME
34.50+1.40(+4.23%)Dec 19 4:07 PMEST

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