GameStop: Short Magnet or Recesson Play? [View article]
P/E ratio of 22. Price to book of 4.5. The trend on the stock is down. Don't fight the trend. A retest of the $41 low is likely and a breach means $34 or as low as $27. A good short on that break.
Interesting that it bucked the trend in a down market but I would favor the short side currently.
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P/E ratio of 22. Price to book of 4.5. The trend on the stock is down. Don't fight the trend. A retest of the $41 low is likely and a breach means $34 or as low as $27. A good short on that break.
Mar 15 13:28 pm
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All Comments by GKM »GameStop: Short Magnet or Recesson Play? [View article]
Interesting that it bucked the trend in a down market but I would favor the short side currently.