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GameStop Corp. Message Board

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  • bullrush107 bullrush107 Sep 25, 2012 3:51 PM Flag

    SQUEEZE

    S&P has a price target of $26 Market Edge has GME as a Strong Buy. You'd be a fool to be short GME going into the Christmas season

    Sentiment: Strong Buy

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    • What is causing today's drop?? It seems like the sector as whole is being nailed simply because stupid RadioShack has NO MORE REASON to exist selling cables anyone can get cheaper online and cell phones people would rather buy at the carrier stores that have popped up. Stupid institutions don't realize GME is a COMPLETELY different business (cyclical at that, unlike RSH) and are just dumping all small retailers today. Is that a fair assessment? After the Wii originally came out, GME jumped from $26 to $40 in 2007 before going higher. I personally think the cycle will repeat itself with the Wii-U which is already sold out, even though Gamestop had the earliest and greatest allotment. GME has huge gains in digital and mobile sales and declines only in consoles and physical games, which the Wii-U and then the next gen consoles should completely reverse, which is why I got in at the bottom. But when I see it being dragged down 5% today FOR NO REASON other than that useless RadioShack, I lose faith that investors understand this company or know what they're doing. I went from profiting to losing a few grand in one day. I'm in over 2600 shares with GME, by the way.

      Sentiment: Strong Buy

      • 1 Reply to cojureone
      • I agree with you that investors don't understand GME. However, they do understand beating earnings estimates, share buybacks, and increased dividend payouts. If you believe the company can meet or exceed the high end of their earnings target of $3.30 a share, anything under $24 is a good investment, and all the sheep who are selling and shorting today will be buying and covering in feb.

 
GME
43.17+0.18(+0.42%)Aug 28 4:02 PMEDT

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