Seeking Alpha

GameStop rallies with rumors in the air

  • Shares of GameStop (GME +5.4%) are active on market chatter that an activist investor is prepping to make a move.
  • Option activity is also running at above-normal levels.
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Comments (4)
  • Guy4303
    , contributor
    Comments (2) | Send Message
     
    I find it hard to believe that an activeist investor is interested in GameStop. GME has a tough road ahead with increased competition and the digital gaming market comeing to fruitation. I would thing to short the stock would make the most sence.
    26 Feb 2014, 03:18 AM Reply Like
  • Guy4303
    , contributor
    Comments (2) | Send Message
     
    I find it hard to believe. Gamestop has a rough road ahead. Competition has started to heat up and soon everything will be digital and Gamestop will be a has been.
    26 Feb 2014, 03:18 AM Reply Like
  • gmo5312
    , contributor
    Comments (7) | Send Message
     
    As of 2/25/14 33% of the stock float has been shorted already. This is a very actively traded stock and the entire float of 113M shares turns over in only 23 days, but would think that any rumors would cause a rapid price change in the "short" term.
    27 Feb 2014, 01:35 AM Reply Like
  • gmo5312
    , contributor
    Comments (7) | Send Message
     
    This stock turns over rapidly (every 23 days) but with 33% of it shorted already I would think that any rumors would cause a "short" term price spike. Recognition that belief in its imminent decline is premature will have a similar but more long lasting effect.
    27 Feb 2014, 01:39 AM Reply Like
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