Gamestop, is a New rally coming?
Gamestop has been at the center of attention for months now.
The company that seemed on the verge of bankruptcy has recovered strongly, with prices going from $15 to $400 in just a few months.
Now we are only at $180, but is the stock still interesting?
The company that, as you probably know, sells videogames is rapidly digitalizing, starting a transition that involves closing many brick and mortar retail stores, to focus on online sales.
Even if the videogames physical sector is in a crisis, with consumers who are now downloading videogames from the internet, we remember that the demand for consoles is on the rise and sets new records every month.
Let’s keep in mind that Gamestop is the leader in console sales.
Current prices are a bit high to buy right now, but there may soon be an opportunity at a certain price level.
I'll trade GME, as usual, with my platform which allows my operate with a 10% initial margin. This means that if i want to buy $10.000 worth of GME shares i can do it investing only $1.000.
For more information on how to follow me, click on the links below.
The company that seemed on the verge of bankruptcy has recovered strongly, with prices going from $15 to $400 in just a few months.
Now we are only at $180, but is the stock still interesting?
The company that, as you probably know, sells videogames is rapidly digitalizing, starting a transition that involves closing many brick and mortar retail stores, to focus on online sales.
Even if the videogames physical sector is in a crisis, with consumers who are now downloading videogames from the internet, we remember that the demand for consoles is on the rise and sets new records every month.
Let’s keep in mind that Gamestop is the leader in console sales.
Current prices are a bit high to buy right now, but there may soon be an opportunity at a certain price level.
I'll trade GME, as usual, with my platform which allows my operate with a 10% initial margin. This means that if i want to buy $10.000 worth of GME shares i can do it investing only $1.000.
For more information on how to follow me, click on the links below.
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