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GameStop Corp. Message Board

  • cschroeder13 cschroeder13 Dec 18, 2002 6:42 PM Flag

    Look at the recommendations

    This stock was a strong buy at $14.90 2 days ago, I will load the boat at these levels, what in the world is this selling about, this is the true story.

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    • This stock was a "Strong Buy" at $19.00. Sales are slightly off target for the period and suddenly the value is reduced by 35%?? Isn't this the same company that opened its 1200th store and just recently reported record earnings? Two week sales slump and its suddenly a POS? UAL files for BNK and the stock goes up? I'm making money on DYN which I bought on a whim with all the analysts saying "Sell". I bought GME for a nice 4th quarter gain after record earnings while all of the analyst are recommending "Strong Buy". Same thing with OMG last month - $30.00 strong buy recommendation and within a week its trading at $4.40!! For Christmas I'd like all of these analyst to buy significant positions in GME and bring me my money back!! New Year's resolution - trust no one - buy the junk and keep your fingers crossed - at least you know what it is!!

      This is one game I don't enjoy playing!!

      • 3 Replies to jfl102
      • I like this stock and bought.
        BUT it's important to note that analysts with strong buys usually change those recommendations LONG AFTER the stock tanks.

        Don't buy or sell based on their recommendations. Just use the information, but "caveat emptor" (Buyer beware) of using analyst recommendations.

        I have lost shitloads of money staying with stocks that were tanking because I believed the analyst strong buy recommendations.

        Anyone remember SafeSkin, Tyco, Enron. Those were toated strongly by almost all analysts while us -- the little guy who really needs our money -- lost big time!!

        This whole group is being sold off and that is also a factor which means one company probably isn't too sick. They're just disappointed about Christmas sales primarily IMO.

      • Listen sales are not slightly off here they are off big and the sales to come over the next 6 months do not look so great whats gonna cause them to make 03 numbers???

        Thanks and I own gme!

      • Couldn't agree with you more!

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