Started a portion of a short position this morning when it went below the first 15-minute candle. The gap from prior ER is actually right here. I may be early, but I figured I can let it go 5% against me if it goes up to 25. The market seems to have run too far in the last couple weeks, seeing as how AAPL and FB reported great quarters yet couldn't make any more progress. Prices got too far extended.
I'm not sure if this will help you to clarify things for yourself but contemporary games take tens of thousands times more space than older games you mentioned before. Because of this, many of them (assuming you buy a physical copy) are not plug and play like it was with consoles like PS2 or original XBOX but require data being installed on the console (to reduce loading times and such). This is another reason why people turn digital since you essentially have to "download" the game either way. However, we shouldn't forget that the games we buy digitally are not ours to keep. Essentially, if Sony announces tomorrow that they are shutting down PSN, the only way to keep all your purchases will be to download all of them on your system (or external hard dtive) and keep them there. At this point in time, of course, such scenario sounds very unlikely.
Actually that does help If the games are too big to be stored on a disk anyway.. Then the fact that it screws retail game sales is just coincidence So, it could also be possible to update your games instead of buying new ones at all right?.... Like, eventually, instead of buying Madden 25, you could just update Madden 24 and keep playing....... Kinda like apps on your phone?.... If so, there would be no need for GameStop at all, just like you don't see any "AppStop" stores at your local outlets
Well, blu-ray discs supported by PS4 are still capable of containing 50 GB worth of data and I believe most of the games fall under this category. As for upgrades for games. I can maybe see this only for sport and racing games since other genres usually involve a new plot line, new mechanics etc.
While I am VERY bearish long-term on Gamestop, this is currently sitting at support and the lower BB and entering oversold territory. I WILL NOT be playing it, but thought I'd put it out there for others.
Gamestop offering $400 cash when customers trade in their "current generation smartphones". The company says the offer is designed to incentivize consumers to use the retail chain for their purchases of the new Apple iPhone X, iPhone 8 and iPhone 8 Plus.
This one's still in a big downtrend, looks like most of us are right about this company. You can swing it shortly if you really want to, but I wouldn't invest in this company long-term with your money!
Every time I see this thread pop up, the stock is lower. There has been a nice bounce here, but obviously this is still in a major downtrend. Im guessing resistance $21, then next leg lower into the low teens this time. Gamestop stores always look empty when I drive past them, unless they have some new reason for people to go in, Im not seeing any reason for this downtrend to end any time soon.
If you want to flip the chart upside down, you could almost call this a "pullback" and go short here. As has been said many times, this company is dying a slow death.
Looking like another decent shorting opportunity here. Resistance at the 50MA and getting overbought. We all know and have discussed how this is a dying company, so any 25% gainers over a few weeks should head back down over time. I'd expect to see this back down at 16 in a few months.
I actually bought something from Gamestop! We dug out our old Nintendo Wii and needed a steering wheel for Mario Cart. GME had them for $6, so I contributed to their bottom line for the Q. I don't think that will help them in the long run though
