WDC (Western Digital), i had it awhile back when it was getting plummeted b/c of the theory that SSD would wipe out the need for hard drives. the stock dropped to near its book value (i was shocked), my shares were called away (sold covered calls), & the extreme drop drove me away from the stock, now look where it's @. #$%$ commentators, & speculators!
i hope the same will happen to GME.
according to analyst estimates, GME annual EPS for the coming year is better then this year; yet somehow it's getting bogged down by "going digital" scare.
some people still like going to the stores, touching the games; it's fun!
selling covered calls on your stocks, great way to make $, while you wait for your stock to get back to break-even, which is the case with me.
should run up before earning (in March), another avenue for me to capitalize on. :D
"But then a report from Bloomberg, citing a delegate who declined to be identified, said that OPEC has no plans for an emergency meeting and will meet as scheduled on June 5 in Vienna."
as i've been active on this board the last couple of days, i noticed the war of words between you, & tytus.
i'm curious, what price is your short position?, because you are seriously devoting alot of time here.
if you were clever, you'd backtrack my profile, & comments left on the board, AND you'll figure out that we are 2 different people.
it is a fact that it's low volume.
if you're down on the stock, like me, you might want to consider "selling covered calls" on your position. speak to your brokerage, if you're not clear what it is, but basically, you are selling options (calls) on your shares. I usually sell em @ my break-even price. Ive been making $ on the premiums while i wait to break even on the stock.
Ive been using this strategy for the last decade.
what are you basing this on??
i dont see it holding 18.50, & we should see an intraday cross of 18.30 soon.
I have an Xbox 360 (light gamers), & the kinect is great for entertaining. I've noticed that (somesome prices) games have gone up (Amazon). the used game @ GameStop was cheaper. as the exit out of Xbox 360 becomes more evident, this will become more the case.
bottom line: GameStop is great when it comes to used games