GME Gamestop: Time to Ring the Register?

[Billionaire Boy]

Thinking about selling this one, up 77% since I bought it in October. Anybody watching this?

[Imperator]

Although you may want to sell some of your position, or at least write some covered calls, I think GME is going higher.

In fact I just bought my first position in the company last week.

The stock is reasonably priced.

But I think the fundementals of the video game industry and market will drive the stock. I have watched e3 (video game industry expo) and I was very impressed. This christmas season is going to be huge.

The Nintendo Wii has some huge software titles coming out this year, and the Wii will continue to sell like hotcakes. The 360 will continue to do well. The PS3 price cut should stimulate demand for the console and the software.

[Billionaire Boy]

Thanks for the quick reply. I may hold on to it.

[Billionaire Boy]

One of my few stocks to actually do well these last two days. Good call.

[BuyOnDips]

Maybe take your original investment out and let your profits run. Play with the house's money. I haven't done any homework on the stock, but I think it's still a good long term play.

[billythekid245]

"don't pull out the flowers and water the weeds"

In this case, don't get rid of a flower. Take some profit, but keep some in.

[Imperator]

Up 11% right now.

The company is going to do huge business this christmas season.

[gotcramer?]

Anyone here fade the gap today?