Varchild issues his opinion on GME
Based on sales of Uncharted 2, Call of Duty, Guitar Hero, Tekken 6, and many other HOT HOT HOT titles this Holiday Season....
GME is a gigantic....SUPER..... OMG! BUY...
DISCLOSURE: Varchild doesn't own any shares of GME or ever plans to own them due to owning shares of 3 Video Game stocks (ATVI), (GAME), (CYOU).
P.S. I would absolutely buy GME right here right now..... Yes... I know Goldman Sachs lowered their opinion of GME. This is not what it seems. GME is still a BUY... It's just not a conviction list BUY.
I am here to say that the Goldman Sachs analyst is absolutely correct to lower their opinion because they did not do it in such a way to suggest GME is a HOLD or SELL or Strong Sell...
But in a way to caution investors over getting to bullish on Holiday Sales. Besides... Goldman Sachs does this type of thing all the time... They downgraded (DPS) off the Conviction Buy List before Q2 earnings came out entirely based on stopping the GREEDY buying spree on the stock....AND NOT downgrading (DPS) because it is a bad stock.
Same goes with GME.... No one is bashing GME here as a bad investment except for JIM CRAMER who isn't a video gamer.
Well? With Call of Duty's performance being super super super hot......beyond expectations of ATVI and the most optimist analyst...
The end result is GME is what must be bought if you wish to get into the video game sector.
In short.... JIM CRAMER = WRONG!
NERDS have united and just as you don't fight the FED..... You don't fight the NERDS.
Us NERDS will kick your behind.
P.P.S. I personally bought Tekken 6 $150 limited version with fight stick + Metroid Prime (Wii) at Gamestop this quarter.