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GameStop Corp. Message Board

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  • xtgeminiman Dec 11, 2012 8:57 PM Flag

    open up a 2 year chart. this will repeat that of JUNE/JULY 2011 double top

    You do realize GME has been range bound for FOUR YEARS right? This is a good opportunity to fade the top of the range. I am not going to hold back down to 15 (or lower since this stock is ultimately going to zero) but this is a high probability short here.

    Your last comment IS good advice though. Even if it does breakout here, most breakouts (90%) retrace to the old resistance/support level. I only shorted a small position so far although I am in and out of GME and several of the other game stocks.

26.67+0.02(+0.08%)Feb 11 4:01 PMEST