Gamestop outperforms 3/4s of Fund Managers
I read an article that said that 1 out of 4 fund managers are beating the market this year. Which means that 75% of all fund managers are losing to the market.
Well... I may be invested in only 1 stock this year. But... It happens to be Gamestop and that stock happens to be beating the S&P 500 this year.
ERGO.....I am beating 75% of all fund managers by picking a stock back in March to invest in and investing in it and it ends up beating the S&P 500 by year end.
So while Rick Aristottle Munarriz.....Jim Chanos.....Eric Wilson of Pacific Crest.....and countless others have bemoaned and bellyached about Gamestop and gave out Underperform, Throw this Stock Away, This is my Favorite thing to Short, comments all the way through 2011......
While that was the case..... All of these Billionairres, Stock Analysts.....that are supposed to be *smarter* than little ole clueless Varchild2008.
Well...as of the closing today.... They were all wrong.....and I came out alright!
Of course the year is NOT completely out yet....But...I think that there's little coming to reverse the stock's trend given the solid November Sales figures which will produce a solid NPD report when that releases in a week from now. No stopping the train!
This proves once again that you must first TRUST YOURSELF and then verify all of the facts, not just some of them, if you want to beat the market....and become a solid contrarian investor.
When everyone is Panic Panic Panic...... You should be BUY BUY BUY.....if your research, channel checking, and knowledge background is motivating you to do so. Don't listen to PANIC....Listen to your Brain!
Next year in 2012 I will have to decide whether to keep hanging on to my investment, diversify my portfolio beyond just 1 stock, or switch to a different stock.
But, given what I see right now... I am bullish on 2012 for GME.
I like hearing about rumors (just rumors) about Gamestop exclusive on games like XENOBLADE: Chronicles..... If the rumor is proven to be true... Don't know what "exclusive" means yet.
Sounds like a solid Catalyst to me to include on my Excel spreadsheet table "2012 Gamestop Catalysts."
Hmm so while the "shorts" and "naysayers" may paint the picture about how Jim Chano's shorting of Gamestop was correct from 2007 to 1st half of 2010. It has been wrong since August 2010 to now!
JIM CHANOS = WRONG for what....more than 1.5 years?