Apple announced today that you can trade in your old iPhone for cash.
Gamestop is facing fierce competition from Apple, Amazon, Microsoft (direct selling XBox), and Best Buy. I'll stay on the sidelines for a while. Too much competition
locked in profits. stock is going higher, but I won't be there with it. :( good luck to the longs who stay with it. I don't have enough greed.
Sentiment: Strong Buy
At the bottom of their articles it says that they are Long GameStop. They post those articles to drive down the price so they can accumulate shares.
do you even follow gaming? microsoft won't lower the price of the console because it comes with connect. but giving publishers control over used games means publishers are going to stop used games and lower prices at the same time. it will actually be a win for consumers, a win for publishers, a win for microsoft, and a loss for gamestop, and a loss for sony. I think Sony will actually follow microsoft's lead.
I sold this garbage a long, long time ago.... before all of these splits. I had booked a $1,000 loss, which was my largest loss ever. I bet my original shares are worth less than a buck now. This company basically went bankrupt, but all of these share issuances and splits are hand-waving so no one has to mention the B word (bankruptcy)
I have been buying and selling this stock for a few years... In that time, I made roughly 100% on my investment from this stock. It has treated me well, but I have been on the sidelines the past couple weeks. It is below where I last sold, but I feel like the current outlook is much worse than when I sold, so I think this stock has some drop left in it, and I don't think it will bounce around as much as it has once it finishes dropping.
Future is uncertain
It was $40. I hadn't opened it, so I was sure that I would be leaving the store with my $40 back. Before giving me back my $40, the salesperson mentioned how my membership was about to expire, and he asked if I wanted to deduct a renewal fee from the refund. Not wanting to be suckered, I resisted. Then he mentioned that I saved $40 last year from being a member. So I renewed. Standing in line, I noticed a different game that I had been considering, and asked him if he knew anything about it. He said it had positive reviews. So I bought it. I ended up leaving the store $30 poorer than when I entered.
That, my friends, is why GameStop is going nowhere but up.
The only thing that matters for this stock is whether the next two consoles have protections against used games.
If both do, this stock goes to 15.
If one does, this stock goes to 24.
If neither does, this stock goes to 50.
Those are the facts. I will not disclose whether I have a position currently/plan to. I think it's important to make your own investment decisions.
I sometimes see stocks where shorts bash longs for clinging on to hope for a takeover. Here we have the opposite case... shorts trying to make people panic.
gamestop beat the street's expectations. the stock is approaching a 52 week high and they hardly bought back any shares this quarter. laugh-on-line. shorts are ****ed
Sentiment: Strong Buy
by the news, I mean the mass media. gamestop's earning's release looks really good. read it. the goodwill impairment charge was expected and doesn't impact earnings. they beat.
gamestop beat expectations by 6 cents. 2 cents from the top. it's all good. the market will be down today due to the news, but gamestop is in fantastic shape. read the earnings release.
$60 mil is the minimum take. They are selling a hardened edition for $20 more, and a care package for $180. They also sell DLC for $50. If you've ever bought anything from Gamestop, their reps upsell DLC (and they usually have PLAYED the DLC beforehand, so it's less a cheesy add-on and more a "hey, I played that new character cl#$%$ and it's awesome!" The CSRs know the merchandise, so you can bet your #$%$ they sold CoD DLC up the ----.
$60 mil? I'll be shocked if it's anything less than $130 mil
selling this stock in the 20s is like punching yourself in the face. it makes no sense!
should we be buying beverages? last time I was at the grocery store, I saw a sale on vitamin water @ $1 each. people are paying more for vitamin-added, flavored sugar water than refined gasoline. lol.
I am not buying beverage stocks. I am buying Gamestop. You gotta make your own call.
If you are sitting on the sidelines, you need to jump in.
The stock price is held down by the fact that there is an unbelievably large and growing short position. This is simple economics, You have people out there creating shares tirelessly to hold the price down. However, you know who is buying those shares? Gamestop, me, and people like me. smart people.
Microsoft and Sony are struggling to compete with Apple. You know what you get with Gamestop? Gamestop helps Microsoft and Sony sell and market games. But Gamestop also plays the Apple card by buying/reselling Apple products. You get to play both sides with Gamestop. Brilliant!
I will buy shares in Gamestop at any price below $60. Because I firmly believe the stock is going to $60. And I also believe, even at $60, the company is undervalued. I would much rather own gamestop than best buy... and look at best buy's market cap. lol. unbelievable.
I dont understans your logic. Last I read they are closing 150 stores and opening 100. So... if you sell 150 shares of a company and buy back 100 shares, are you "dumping" stock?
foolish trade but you may turn out correct. no one knows the future except market makers and hedge funds,