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GameStop Corp. Message Board

  • ogilvydog ogilvydog Jan 5, 2012 5:40 PM Flag

    Short squeeze

    May begin if this stock can hit 26 or 27. Still a huge short interest and covering has to begin, especially with the positive news that may come out when GME announces their holiday sales. If it hits 27, I expect the squeeze will quickly take this stock near or above 30. That, of course, is still a ridiculously low vaulation at just over 10X next year's earnings, but at least it is a start. I still believe the Apple revenue will hit the bottom line starting 1st or 2nd quarter of 2012, then we are off to the races because everyone is underestimating the impact. They would not put out a press release touting the "unexpected" success of the Apple trade-in program if this segment did not believe that this segment would contribute significantly to the bottom line in the future. In until 35 on this one, which I think is a reasonable valuation given the new opportunities this company has. I expect Calmdotcom will agree with my analysis.

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28.74-3.42(-10.63%)Aug 26 4:01 PMEDT