GME - GameStop Corp.

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Tiptopptrader, Apr 24, 2016.

  1. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    This was up 27% today with earnings in a couple of weeks. Looks like it has room to 250 by the end of the month; see if it can take that out before the ER.
    [​IMG]

    This is still holding above the old ATH, which is impressive. Of course, it's more than just the retail traders that are doing this.
     
    Syynik likes this.
  2. T0rm3nted

    T0rm3nted Moderator
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    Definitely not just retail traders doing it, but you know that no institutions would be in this anywhere near this price if they didn't know there's a retail floor and tons of retail support that they can beat out of this investment at any moment.
     
  3. StockJock-e

    StockJock-e Brew Master
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    Are these pumps getting weaker?
     
  4. Syynik

    Syynik Well-Known Member

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    I don't think so. There's a nice little 3-day support that's being built here. IMO it would be tons more volatile if the pumps were weakening.
     
  5. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    I was thinking about that too. Institutional shorts bled this from $55 to $4 from 2013 to 2019.
    Now it is $210; it is wide-ranging this year and holding above previous ATH. But I think they could start bleeding it again next year. The actual business isn't 4x greater than what is used to be.
     
  6. StockJock-e

    StockJock-e Brew Master
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    Down to $181 AH
     
  7. valueinvesting.io

    valueinvesting.io New Member

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    It is difficult to find the difference between investing in GME and gambling
     

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