Oh no, this stock is 4.72% down from it's new high! The shorts are coming out of the wood-works and they all magically managed to short right at $38.57, making a ton of money, even though they've been talking this stock down since it ran up from $20 to $25 and even earlier. How can this stock survive giving up 5% after doubling?
Personally, I am looking to buy more shares if this goes down to $32. Strong cash-flow, good dividends, good management make this stock a no brainer to me. See you guys at $60 next year, after all the new consoles are released.
I actually don't see that happening. In the long term, GME will have to adapt or go the way of other companies that missed the technology boat. I do like the moves they are doing however, and in my opinion, the cash flow from operations for the next 5 years will more than cover my purchase price as a value investor, so my investment is relatively safe, and hopefully with good upside if management is able to adapt.