» GME: Possible Short

Technical Analysis, Stock Market Indicators — iBankCoin

GME: Possible Short

by Danny on February 7th, 2008 at 8:17:56 am

(GME: 22.75 -2.28%) is under the 200-day MA of $48 [47.78 at time of typing]. Look to short on weakness, which at this point seems likely.

This is a perfect example of the disconnect between a stock and its product…videogames will be in a bullmarket basically forever, and yet, this stock is entering beardom. Sad to see this one go.

This entry was posted on Thursday, February 7th, 2008 at 8:17:56 am and is filed under --Stock Commentary--. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

6 Responses to “GME: Possible Short”

Juice Says:

I was trying to game this one, this am. I think you’re right, for a trade at the very least.
February 7th, 2008 at 9:58:42 am
Danny Says:

Yeah I am waiting for failure on a closing basis to short.
February 7th, 2008 at 10:03:48 am
DPeezy Says:

I’d go long, were it to close above $50.
The $48-49 level has acted as support 4 times in the last 6 months. As of right now (1pm EST), it’s looking like it will hold once again.
February 7th, 2008 at 10:08:01 am
Danny Says:

true points. GME above 48ish looks good for a few points.

PCLN short anyone?
February 7th, 2008 at 12:19:44 pm
GME: Short Idea | Stock Picks and Discussion at iBankCoin.com Says:

[...] 49.17 -0.22%) After viewing Danny’s post, I had to re-post it. This one looks ripe to take a [...]
February 7th, 2008 at 7:52:21 pm
Late Trade Reminder…GME | Stock Picks and Discussion at iBankCoin.com Says:

[...] you remembered to short (GME: 45.76 -3.30%). The real break occurred yesterday, but, what a nice follow through [...]
February 14th, 2008 at 3:52:55 pm