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GameStop Corp. Message Board

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  • businessguru75 businessguru75 Nov 13, 2012 7:51 PM Flag

    Perfect storm is brewing

    or the go into the stores and see no one there. Nobody I know goes to Gamestop anymore, they buy their games at Target or Wal-Mart and that iPhone trade-in point is the dumbest thing I've ever seen. Let's lode up on inventory of antiquated technology. Brilliant. To put 25% of your portfolio in anything is pretty dumb, but to put it here....yikes. good luck to you. It's going to sell off after earnings, there's no doubt about that, but it might run up 2 more bucks from here if the sheep like what they see in the distance so if I was long I wouldn't sell here, but I'm not selling my puts either.

    Bottom line, this company won't be around in 10 years, the game is when will the price of the stock reflect that, It could be next year or 5 years from now.

 
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