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GameStop Corp. Message Board

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  • johnmr12 johnmr12 Oct 5, 2012 2:25 PM Flag


    Nothing personal but investing everything in one company is crazy. As for a short squeeze, I'm not sure it has started yet. The short interest was about 49 million shares in mid July, and got reduced to 45 million shares by mid sept. The price went from about 16.50 to about 23. It will be interesting to see what the short interest is as of the end of Sept. If it is still above 40 million shares, the squeeze may be down the road, like if they beat estimates for Q3 and guide higher for Q4. There will always be at least 10% of the O/S short, which is about 12 million shares. But that leaves about 30 million that may want or need to cover.

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