Broom
Long

GME is bound to pop. A technical & fundamental trade.

NYSE:GME   GAMESTOP CORPORATION
Ok so this stock has a price to book of 0.28, would have been a 40% div yield ( had they not cut the dividend). Did this stock only drop since they cut the dividend? Do investors not care that the Assets - Liab's of the company are worth much more than the company's stock? Seems stilly. Buffet often suggests buying at a discount to book value, which we definitely have here.

On a technical basis, RSI on the W is lower than ever before in history. Considering this is the middle of the first 2 consecutive green candles, I think this is an optimal entry for an 13.8 to 1 risk to reward trade. Only has to work greater than 7.14% of the time to be profitable.

58% of shares were short as of 08/14/19, per yahoo finance. Just imagine what will happen when they cover or there is a buy out~!

Get in while you can.

Cheers, Broom
Comment: It popped, and it's still poppin

Comments

Broom I was late to the party well done sir
+1 Reply
Broom TomPower
@TomPower, Thanks Tom, doesn't look like my whole analysis was saved on the chart, but still.... appears to be the bottom
+1 Reply
This company is hemorrhaging money, I would expect a delisting this year
Reply
Broom DustinSkeleBones
@DustinSkeleBones, only up 25% in two weeks, more to come
Reply
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