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GameStop Corp. Message Board

  • bounty_hunter_365 bounty_hunter_365 Sep 2, 2002 5:44 PM Flag

    gonna see 16 by the end of the week

    major correction coming...then after that....time to buy back in....and hold thru dec

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    • Well we are at the end of the week.

      Had to buy back in at 19 the other day.
      Turns out it was a distribution day. But yesterday GME rebounded a bit.

      The only problem that affects this stock is liquidity. You have seen it try to buy 300 shares and the offer goes up 20 cents, or sell 300 down 20 cents. I even saw it on 100 shares. So what happens when one wants to sell 1500 shares, and four people want to do the same. Poof down 80 cents.
      The specialist in this one wants no shares it seems, not short not long.

      I think after a year GME will become better known and become more liquid. By then we will see what type of true pe this one will support. For now I am buying, no big deal since GME represents 1 % and would go for 2 1/2 % in a better mkt environment, which may be 2004 :-)

    • would like dip to rebuy size, but 16 by end of week does not seem very likely, earnings are good enough that this stock is easy buy everytime at 14-16 level.

28.19-0.08(-0.28%)Sep 23 4:01 PMEDT