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GameStop Corp. Message Board

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  • bluestarromeo bluestarromeo Nov 27, 2012 1:30 PM Flag

    Special Divi Hopes - Sqashed!

    In it's history, since 1994, GME has only been above this general price area for less than two years (2007-08). The financial environment is WAY different than 2007 and frankly, GME's business model is much less "sexy". I wouldn't count on things going back to how they were then. I wouldn't count on the 4% dividend once competition and business get sketchy. Apple is still opening stores. Closing 200 stores is a BAD SIGN. Good luck with your investing and trading and enjoy the short squeeze while it lasts.

    Sentiment: Sell

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    • Romeo, what short squeeze are you talking about? On August 1st, the stock was about $16 and the short interest was 49 mil shares. Since that time, the short interest is down to 43 mil, and the price is $27. So, the stock went up 68% and the short interest went down 12%. The short squeeze will happen when short interest goes down 68%. Where do you think the stock price will be then? That's when I will be enjoying the short squeeze, and will probably cash out with a very nice profit. That might be the time to short, but shorting now is insane.

43.95+0.51(+1.17%)2:11 PMEDT