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Gamestop

$GME, Gamestop, will come to a STOP!Look, the truth is no one buys games from Gamestop anymore like we use to. We can easily download games via our console or we go to stores like Best Buy, use Amazon or buy used games or consoles through Craigslist or Facebook Market. There is nothing special about Gamestop, anyone can do what they do. What they should focus on is selling classic old vintage games. Maybe that'll revive them. But, the way things are...I only see it going away like a Blockbuster.
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by OfficialGoon
Can The Burry News Help More Than It Has?GME has been beaten down most of the year. It's great to see positive news but unfortunate that they had to do fat trimming at the expense of employees. Either way, the news that Michael Burry is invested hasn't hurt (yet). We'll have to see if it has a lasting impact still. Overall, the chart looks interesting. Video game retailer GameStop Corp. (GME Stock Report) has been in the middle of an impressive rally since last week. This has been due to two major factors. First, it announced that it is going to lay off as many as 120 workers as part of a cost-cutting process. This actually proved to be a huge positive. We reported on this last week in the article, “ 2 Penny Stocks Trying To Bounce Back In August .” However, later on, ace investor Michael Burry told Barron’s that he is bullish on GameStop and owns as many as 3 million shares at the time. He stated that as many as 90% of the stores owned by the company are cash flow positive and he believes that the market has not valued the stock fairly. If you don’t know Michael Burry, watch the movie, “The Big Short,” and I think you’ll be surprised. Over the course of the past week, GME stock rose by 20%. However, don’t forget that the stock is still down over 70% year-to-date. From PennyStocks.com - 3 Penny Stocks Catching Investors’ Attention This Week
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by PennyStocks101
GME is Dying! Sell It While You Still Can! - Monday AnalysisGME (GameStop) Support at 3 because it is the nearest whole number support! Whole numbers will act as psychological price levels. Resistance at 4.7 because of previous support and resistance. Price action is looking to be trading into an area of tight consolidation until it hits the upper down trend line and sell off just like the first time. History repeats itself. Looking for a bounce into the resistance/down trend line at 4.30 then see a move down to 3 or lower. Predicting that GameStop start selling off in the next couple of weeks as it jams against this downtrend line and sells start to plummet because of the rise of internet sales and market weakness with the China trade wars. To learn more and follow along, please 1. Give me a like and follow on here 2. Follow me on Instagram 3. Follow me on Youtube
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by tenpercentcreditspreads
Bearish on GME (Gamestop) - SL 23.70GameStop has been fighting a losing battle for a while now - I am adding a short position here (My target is $20) due to the fact that it has once again dropped below the 9 day MA, it made a retest of the 50 day MA and failed, and of course it is well below the 200 day MA. Additionally, the RSI has dropped below the 50 zone, the stochastic has downward momentum and the MACD is going to be making a negative cross over (a cross down also into it's negative territory below 0.00)
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by ChrisAbdey
Is Game Stop due for a bounce?Technically Speaking Currently, price is trading near the 2015 low prints around 25ish. For now, the main levels to watch are the 25 level on the downside and the pivot area noted on the chart. As noted on the chart, if I were long or looking to get long, my get out price would be under 20.00 Fundamentals Summary of GameStop's business. Here is a good write up at Seeking Alpha. The main point I took away was that digital gaming is disrupting GameStop's business model. Will they go the way of Blockbuster? However, I think it is constructive to think about, especially if you are planning to hold a stock for the long term. My checklist for evaluating stocks Should I buy? * Is it trading at an important technical level that is obvious? * Is the R/R in your favor? * What is the likelihood this company will either go bankrupt or it's products or services become obsolete? * How much debt do they have? * If heavily indebted, how much is coming due in the next 3-5 years? Can they cover their debt payments based on reasonable analysis? * Will their product or service become obsolete? This really is too hard to say, too many things looked obvious in hindsight, think Blackberry -0.34% . Risk * For individual securities, risk no more than 3% as a starting position. You can always add later. * Write down a price level that you will consider liquidating all or part of the position. * What is a reasonable price target? Execution * Write down the answers to the questions above and if you can answer yes to all of them, take the trade. OVER THE LONG TERM, THE WAY TO WIN IS TO HOLD ONTO YOUR WINNERS, AND CUT YOUR LOSERS. IT IS AS SIMPLE AND AS HARD AS THAT. As always, please leave any comments or questions.
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by CalebDismuke
Close up bearish Elliott Count for GameStopFundamentally this company is looking quite grim. As an avid gamer, i know (as do most) the future is digital downloads. There is no reason for a company like this to be the "middle man". As much as I like owning a physical copy of the games, I'm a minority. Most people are lazy and want gaming on demand. Its like vinyl records. Gamestop is quite reminiscent of another distributer (cough...blockbuster...cough) that got hurt by the transition to the digital distribution model - I can't see why Gamestop is any different. And with companies like Steam, and EA (with origin) and other more independents leading the digital distribution model, this company is game over. Not to mention, the CEO talking about making the company some sort of Apple / cell phone distributor or some s*#@ is nothing but bad news bears. Anyway, on a larger time frame, please see my older chart here:
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by Nathanael
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