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Varchild2008 (85.29)

Gamestop = $30 says Jim Cramer

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October 27, 2011 – Comments (5) | RELATED TICKERS: GME

On Jim Cramer's Mad Money during the lightning round took a call from someone asking about Gamestop being a buy despite the long term uncertainty.

Jim Cramer basically said don't get greedy, the stock goes to $30 then Ka-Ching Ka-Ching!

I'm happy with $30....   But, unlike the caller and Jim Cramer I have absolutely NO uncertainty about Gamestop's future.... None what-so-ever.....

I'll let everyone else worry about Gamestop's future while I keep buying on the dips.

5 Comments – Post Your Own

#1) On October 27, 2011 at 6:46 PM, Varchild2008 (85.29) wrote:

Why am I so unconcerned?   Cause there appears to be many details Wall Streeters....Investors.....are absolutely overlooking...

MANY MANY MANY tiny little things bubbling up behind the surface...

For 1 example please read this interesting news that appeared back June 1st of this year (and was completely ignored by the Analyst Community):

http://joltonline.com/2011/06/were-hiring/

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#2) On October 27, 2011 at 10:18 PM, ikkyu2 (99.16) wrote:

Is all your money in GME, Varchild?

 

Do you even have a GME position? 

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#3) On October 28, 2011 at 12:50 PM, Varchild2008 (85.29) wrote:

Do I even have a GME position?  huh?

How pathetic.

Upset at me for being correct about GME?

I can't say every dime nickel and penny is invested in GME as I have to EAT!

But, the vast majority of my wealth is all riding the Gamestop (GME) long bandwagon right now.

Gotta love it... People upset at me now that I have been proven right about a stock that lots of ALL STARS love to hate....

Get over it....

I was correct about (DPS) as well and I basically sold off my entire stake in DPS and threw it into GME and then I closed out of (GAME) and threw that money into GME.....

That was back in March 2011. Since then I buy buy buy whenever I have a some more money to invest with. I channel check the company from 6 locations.

Gamestop is bad....Gamestop is bad.... SQAWWWWK!!!

In the meantime it is stocks like (CSTR), (AMZN), (NFLX), that are falling on their butts post earnings.... (albeit these stocks will recover and AMZN is already recovering losses)..

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#4) On October 28, 2011 at 12:58 PM, Varchild2008 (85.29) wrote:

Does Gamestop have its risks?

OF COURSE!!!!!

But those risks are limited due to the business strategy that Gamestop employs.... They are NOW a Diversified HYBRID company.

So now we have people "talking down the Bricks business" by saying they have never shopped at Gamestop so that means no one else does..

Everytime I go there it's been packed.

So then they talk down "Pre-Owned" games...

Up 12% Year over Year in the 2nd Quarter!  And Up Year over Year something like 9.1% in the 1st Quarter!

So then they talk down "Impulse isn't Steam."

No it isn't steam... It doesn't force you to have STEAM running in the background when you are playing a game like STEAM.
IMPULSE is superior to STEAM.....Regularly beats STEAM on pricing....(but not always...it depends on sales at the time).

Now Gamestop is introducing not 1.....not 2.....but actually 3 different Gaming Tablets to include SAMSUNG at 200 stores.

And what happens?

Wedbush Morgan immediately sticks their neck out and says a total of "ZERO" sales will occur.

Well?  As soon as I am able to....with what little I know of the tablets at this time....I want to buy one! 

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#5) On October 30, 2011 at 12:26 AM, ikkyu2 (99.16) wrote:

Hey, I'm not upset, I'm happy for you.  Go GME!

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