GameStop continues to defy skeptics


Shares of GameStop (GME +3.2%) trade higher after Nintendo reports on the level of Wii U sales and weighs in on expected sales for the fiscal year.

The company that has had more than a few obituaries written about it is now up 93% YTD and trades at a five-year high.

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Comments (4)
  • Parker Logan
    , contributor
    Comments (247) | Send Message
     
    $GME is up 3.2% while Nintendo[$NTDOY] is down 5%... I wouldn't say Nintendo had a good quarter at all... which was expected. Not sure how this was turned into a positive for GME.
    31 Jul 2013, 10:48 AM Reply Like
  • wapiti
    , contributor
    Comments (711) | Send Message
     
    It's called a Short squeeze SA ! Use your head!
    31 Jul 2013, 10:52 AM Reply Like
  • Parker Logan
    , contributor
    Comments (247) | Send Message
     
    How does Nintendo missing sales estimates and underperforming create a short squeeze for GME? If Nintendo outperformed , GME would sell more which would be positive news creating a short squeeze. Use your head SA!
    31 Jul 2013, 11:11 AM Reply Like
  • wapiti
    , contributor
    Comments (711) | Send Message
     
    Nothing to do w/ Nintendo. Just theat GME is in a basket of manipulated consumer stocks that defy all logic
    31 Jul 2013, 11:39 AM Reply Like
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