• J Mintzmyer
    Ouch on $GME. Clearly called this one wrong. The market loves them right now-- will have to reexamine later in the 'console cycle.'
    8/22/13
    Reply (12)
    • dnorm1234: This is probably the last console cycle where their business model makes any sense. I agree, two years from now, another story.
      8/22/13
    • Rico Kastilani: PS4 and Xbox one coming out. Also Call of Duty Ghost coming out soon. The market is already pricing that in for strong pre-oders.
      8/22/13
    • Grand Nagus Kelly: You'd never make it on stocktwits It has a bylaw stating you must always post you bought at low and sold at high a day after either happened
      8/22/13
    • J Mintzmyer: Rico- yes. What about $GME last summer at $17? Nothing has changed. In fact the Xbox One has underwhelmed considerably.
      8/22/13
    • J Mintzmyer: I was long $GME until mid-$30s.
      8/22/13
    • J Mintzmyer: Dnorm, yes. Maybe not even this cycle. They will continue to make huge profits on 360 and PS3 games until probably 2016.
      8/22/13
    • J Mintzmyer: Then they are just another Radioshack.
      8/22/13
    • Rico Kastilani: GME was attractive at 17. I agree the risk is to the downside at these levels. Xbox 1 loss is offset by PS4. Users probably changed console.
      8/22/13
    • J Mintzmyer: Do you think the console upgrades will be as robust as last time though? I doubt it...
      8/22/13
    • Rico Kastilani: Its hard to tell really... We'll have to see and find out.
      8/22/13
    • J Mintzmyer: I'm a gamer and I don't see much enthusiasm- but then again I'm PC and 360 biased. I see no need to upgrade my 360. PS3-->PS4 idk...
      8/22/13
    • dnorm1234: I just got around to buying a PS3 a couple months ago. Big catalog for me to get through before I upgrade.
      8/22/13