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GameStop Corp. Message Board

  • smb_gt smb_gt Jan 23, 2014 1:27 PM Flag

    Another Buying Opportunity

    After last week's sell-off, GME went from under $37 to over $39 in just two days. Today's pullback is normal (and temporary). It seems like another chance to get into this stock. All the talk about downloads killing GameStop is just talk. This was the same stuff being said two years ago when GME was $20. If you believed the story then, you missed a run from $20 to $57. Even when/if downloading games becomes prevalent, it's likely that GameStop will find a awy to make money on that too. The 30% fall in GME stock was mostly fueled by weakness in game sales at Christmas. The big Christmas story was the record number of new consoles sold (Xbox One and PS4). This paves the way for tons of new game sales for several years as well as accessories...and another profitable cycle of people trading in old colsoles and old games for store credit. GME is going up both on their own profitability and growth...and as a takeover target.

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