This post was just published on ZYX Short Change Alert.
GME derives a substantial part of it income from buying and selling used games. MSFT has just announced that Xbox will allow for trade-in of games.
Consider initiating a 10% tranche right here in the zone of $36.70 to $37.80.
Caution: This is again a high beta stock that should be trading in the low $20s but is levitating on short covering. The short covering can take this stock much higher, therefore, it is important to keep quantities very small.
Target zone is $22 to $24. No stop at this time. Please also look at your portfolio and ensure that high beta stocks do not exceed 10% of your total portfolio.
