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 :-)