Gamestop has been at the center of attention for months now.
The company that seemed on the verge of bankruptcy has recovered strongly, with prices going from $15 to $400 in just a few months. Now we are only at $180, but is the stock still interesting?
The company that, as you probably know, sells videogames is rapidly digitalizing, starting a transition that involves closing many brick and mortar retail stores, to focus on online sales. Even if the videogames physical sector is in a crisis, with consumers who are now downloading videogames from the internet, we remember that the demand for consoles is on the rise and sets new records every month.
Let’s keep in mind that Gamestop is the leader in console sales.
Current prices are a bit high to buy right now, but there may soon be an opportunity at a certain price level.
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I am sorry to disagree, but this stock is likely going to push down to a floor of mid 90's and then likely rally back to the 200 range. This stocks volatility has no relationship to the overall market it is presently being controlled by both Funds and Retail investors not the performance of the company. This is not to say there isn't money to be made with it, but there is an inherent risk associated. And the old adage holds true, No risk, No gain...
@wjscott66, i disagree with you if you can read the chart then you would know that its cup and handle and its in the first target until the top of the cup then second target to the moon alot of ppl that dont no how to read the chart says that gme is going wild but its not gme is following the cup an handle ya they are shorting it but apes keep bring it back up and it still in the right path going up to the first target
wjscott66
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@Lionking0071, Let me guess... Your a Meme or WSB follower... (Diamond Hands!)
Moneymakero
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Yes I strongly agree, I think its preparing for another rally. I think its going to test 162 first before heading back up.
TheBadMrFox
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@Moneymakero, I dont see ow one could agree differntly....