GME looking like a good short

Discussion in 'Stocks' started by stock_trad3r, Nov 15, 2007.

  1. Yes, I know it may come as a surprise to some people but I am actually recommending a stock to short, not buy.

    GME seems like a very short target. For one, the chart looks pretty topped out. Lots of distribution in the high $50's.

    Second, no one goes into a gamestopcstore where I live. The store is always empty. Maybe just one or two people. In adition ,the store looks pretty boring with no excitement or activity, unlike the AAPL store which is usually full of people.

    Third, peopel can buy video games and video game systems from anywhere. Best buy,, and so on.

    Also, the video game cycle is over. WII, xbobx 360, halo 3, have lready been on the market for awhile. There will be a cooling.
  2. Down 5%...nice

    looks like gamestop getting stopped out
  3. stock_trad3r needs a short to hedge against the bear market that he claims will never happen.

  4. ssblack


    Your logic of "nobody goes to the store in my area" was flawed, but 5% is 5%. Good call.
  5. nice..down 7% today

    gamestop getting stopped out