I’m up over 110% in Gamestop (Even with dollar-cost averaging) in place. But I don’t like it at all. it looks artificial. I can see it breaking up to $175.00 and if it breaks that level and carries on up which it may well do due to the lack of shorts int he market, we could be looking at any kind of high target.
Is the stock still undervalued? I know that Keith from WallStreetBets started on the premise it was undervalued. I like the company. I like what they are trying to do. I think for me there are enough in there with a LOT of shares who are just holding, but what we need at this stage is institutional investors to come on board to push the stock sky-high. However, at that point. We need to be very careful as then sellers may come in.
Long term – great prospects especially with coming out of Covid and some of the company plans. Buy now? nope. Wait for dips… if we get any before $175.
Be First to Comment