Why won't the Deceivers Fess Up? (GME)
The deceivers are the ones telling us that by 2014 we are going to see video gaming become almost entirely digital based. Where you buy your games digital and much less so physical.
Interesting huh then why:
NINTENDO 3DS (Cartridges)
WII U (HD Optical 1080 discs)
SONY PLAYSTATION VITA (Flash Memory Cards)
are the only announced brand new systems, announced this year, and all 3 systems use physical video games.
The Next Generation of Video Gaming is PHYSICAL!
As for why Gamestop's share price is not
$9999999999999999999999999999999999999999999999999999 9999999999999999999999999999999999999999999999999999999 9999999999999999999999999999999...a share as of the closing bell today...
Well...uhm.... No stock is skyrocketing today in a market that has fallen for 5.5 weeks straight.
The overall market is tanking....and thus 75% of the reason Gamestop's price has been slipping is because of that. The other 25% is simply because the stock's RSI before it started pulling back was overheated....well above 70. Now it is more a reasonable 40 something.
Q2 is Gamestop's worst performing quarter of the year so there is no reason for Investors to get interested in buying into a stock like (GME). Not until Q3 and especially Q4 will we see higher volume. Furthermore.... The SLIP in share price had a lot to do with the SHORTIES constant boasting and bragging:
1) Ha ha ha SONY/MICROSOFT/NINTENDO will never let Gamestop sell a video game in their next generation consoles!!! Just watch!!!
E3 is coming!!!!!
E3 is coming!!!!! the Brittish are coming!!!!!
And these big 3 companies are going to scare the Bejessus out of the LONGS!!!!! Just watch!!!!!!!!!!!!!!!!!!!!!
Whooooooooooooooo boy it's a Digital Only World out there!!!!
2) Once Digital Gaming releases same day as Physical...... or companies like Electronic Arts sell their games exclusively themselves and cut out the middle man....
GAMESTOP IS DONE!!!! Better shut off the light folks!!!!!
DIE LONGS DIE!!!!! DIE LONGS DIE!!!!!!!
And I get asked about "Gee, Gamestop's share price sure is skyrocketing off the news that Physical Games aren't going away." (sarcastic).
Yeah well a lot of big time Hedge Funds / Investors / Financial Managers have been trimming away their stakes starting at the beginning of the sell-off in (GME) in much anticipation that everything the SHORTIES have scared us to believing was going to be reality.
It will take a couple more weeks... Probably sometime in JULY we will see a recovery in this stock and go straight into the 30s.
It takes awhile to convince the Hedge Funds, Mutual Funds, and BIG TIME Investors with millions of common stock in (GME) to finally drop the B.S. and realize that Gamestop has a future.
The only one without a future are the SHORTS that keep telling us LONGS that there is absolutely no way for Gamestop to survive or at the very least find any growth.
Give me a break!!! Gamestop has stuck in there even in the face of 10.1% unemployment.
OUR ECONOMY STINKS and no one will ignore that fact when it comes to valuing GME.
But GME will survive anything thrown at it.