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GameStop Corp. Message Board

  • angelfund888 angelfund888 Mar 17, 2002 1:18 PM Flag

    Trading Pattern

    GME's stock price movement so far appears consistent with another new issue, SYNA (IPO: 1/30/02). Here's the sequence:

    1) Both IPOs completed within two weeks.

    2) pps on both GME and SYNA trade almost identically (16-18% range) during the quiet period.

    3) Analysts' coverage on both firms initiated after quiet period with an average "buy" rating.

    4) SYNA and GME report earnings (post-IPO).

    5) pps on both companies initially drop in spite of stellar earnings report (positive cash flow and sequential growth).

    6) In the case of SYNA, the pps declined for three consecutive days following earnings release, then rose 7 straight days, establishing new highs along the way.

    GME has had three straight down days. If GME continues to follow SYNA's trading pattern, we could look forward to a great week.

    Of course, this is my own opinion. Perform your own dd.

32.09+0.63(+2.00%)Aug 23 4:02 PMEDT