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GameStop Corp. Message Board

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  • newandadd2 newandadd2 Mar 24, 2011 9:58 PM Flag

    can you imagine

    I am afraid to dump it because the momentum may change and could easily jump big time but I also feel I am losing money waiting.

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    • "I am afraid to dump it because the momentum may change and could easily jump big time but I also feel I am losing money waiting."

      You'll probably be waiting a long time. It's a trading vehicle, not an investment.

      I just did a quick check, and GME has moved above $20.50 six times in the last four and a half months, and ten times in the last 53 weeks. That was just a random price I chose. Point being, it's volatile in a range. Downside is limited by low P/E and buybacks, upside is limited by business model and consumer fears. This has been and continues to be the story and the trade.

 
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