Gamestop (NYSE:GME) stock has surged 53% year to date with a recent breakout to a 52-week high as shorts scramble to cover. GME bulls are rejoicing that finally a new video game hardware cycle is nearly upon us as Sony (NYSE:SNE) and Microsoft (NASDAQ:MSFT) are set to unveil their next generation machines in the coming weeks and months. Nintendo (OTCPK:NTDOY) already announced the Wii U but it landed with a dull thud. Microsoft will likely be first of the big two to unveil its next gen XBOX 720 (codenamed Durango) at its May 21st event.
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So why would the announcement of the next gen hardware be a negative for...
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