Friday, April 17, 2009
GameStop (GME 29.04)
GameStop, down over 2% into the 28s on above average volume, has reaffirmed Q1 numbers. The move that we'd wanted above $29 April 8th and 9th occurred with little volume and was not very convincing. If the stock moves higher, with volume, buying into and up to 30.50 will be the play. Looking for vol. > 7 or 8 mm shares. Judging by the 1mm or so in the first half hour it looks as though the volume is gonna' be there but which way will the stock go?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment