Last summer I outlined why GameStop (GME) would double in 12 months. Finally, when Microsoft (MSFT) and Sony (SNE) announced they would release the new eighth generation gaming consoles this holiday season it propelled GameStop well past my price target. Now with the company beating estimates and hitting new 52-week highs its time to figure out when the stock becomes overpriced and it becomes a sell.
Until last year, investors have been avoiding GameStop stock in part because of rumors that the new consoles would not allow used games to be sold or traded. GameStop’s worst fears almost came true a few months ago when Microsoft announced serious restrictions on used games. Just some of the restrictions the company put on its published games were…..Click here for the full article – Why You Have To Buy Shares Of GameStop Stock Right Now