not cool man, i wouldnt make fun of you for a bad choice.
what will tell me if there is a breakout any further? I mean bad earnings and microsoft are catalysts to up or downside, but when should be a hard break I do not want to lose anymore then above 39.50 before re-shorting and maybe adding
are you bullish or bearish on earnings, and microsoft announcement?
digital exec left the other day at gme with no press event... and ea got rid of digital pass but also is making more money of digital growth and direct download....
Lots of odd stuff going on.... the timing of them getting rid of digital right before microsoft event(whom they have a close relationship with) is odd....
i need to figure out what to do, this is the worst trade of my life... I didnt have a stop and then got stuck... I can cover at a huge loss or I can wait another week seeing as how I am already down so much
where are you getting the short float data? i am seeing a lot of discrepancies online, just wondering
so short earnings, but real roll the dice moment is microsoft, will they hurt them or help them....
i thought the market always goes up. and gamestop can only go up because of share buybacks and new consoles right?
Wait ttwo had a good earnings report too... why didnt gamestop trade higher? Weird... why is TTWO trading lower....
Why did EA's online pass not effect the gme stock today? Hmm... digital revenues on EA are going up..... hmmmmmmmm
Gee wiz.
Sentiment: Strong Sell
digital revenues up slightly, but also killing their online pass... ubisoft and atvi remaining with online passes EA attempting to build customer base by giving back to consumers.
Live and let live? interesting thoughts, but analysts seem to think there is something else going on with ea doing this, and they have another agenda...
Dare I say the online pass wont be needed next gen because of something bigger related to consoles?
does anyone have any other relative comparisons?
I just did some checking on bloomberg vs. peers bby and sears... sears trades a higher P/E, bby a lower p/e and same divi...
GME's avg target 34.79... in relative price index comparison...
Institutional holdings decreased by 2% and new holders decreased past few days...% of float held 150%+
may 23rd earnings, may 21st xbox press event (believe thats the date, correct if im wrong)
So should be an interesting month to say the least....
it will make or break GME for the next 6 months trading IMO.
i really hope that you do not prosper in the investment world for your lack of tact.
if you do it now you can buy protective calls and sell puts to pay for them as well....
They have a while until bk... this is the process, decrease in cash flow, negative earnings eating into equity, then back into debt financing, dividend removed and share buybacks removed, reissue equity for financing as well.... dilute shares... then goes down slowly and slowly.
That could take 3-5 years I think the share repurchase and dividend is unsustainable.
BK will take time.
As far as near term I see profit continuing to decline and share buyback and dividend programs will be first to get axed... then unprofitable stores as well (250 current plan to shut down I believe)
slowly slowly this will become more online retailer presence and less brick and mortar... but not necessarily increase in sales... and also profits will just become very low as used game trend continues to decline.
I've thought this out deeply.
I was just too early. Way too early.
My advice to you? Short slowly in incremements not all in quickly.
wish i shorted now rather than 3 weeks ago.... thoughts on earnings report?? that is my only concern, well that and xbox press release...
this is just straight idiocy... I have not seen any educated posts from you.
just curious... does it give up all gains, half? does it stay the same based on market already expecting it to lose?
If it does beat, its already moved so high... does it keep going?
well it shows who owns the stock long and how man ypeople are borrowing from the longs to bet against the share price movement.... what dont u get?
someone is pushing this short squeeze hard.
all i can say is wow at this point... never ever seen it trade this way before.
this is trading way higher than book and above growth estimates now IMO... i dont see the growth the same way the analysts due despite the new consoles my outlook is more like atvi's ceo in the sense of increased competition and digital pressures...
But the stock just keeps going up!!!!!