
With the recent call from Michael J Burry MD stating that he was going long with Gamestop stock, the stock bottomed at 3.32 USD and has begun to climb doubling in stock price.

The stock is now a longterm hold, especially with the leaked images of the next gen Sony PS5 console and the announcement of the Xbox X. The majority of Gamestops revenue and margin comes from disc sales and reselling value. The major gaming console venders do not plan to kill disc gaming anytime soon. The digital movement will be profitable side by side with retail disc sales.

Sony will launch the PS5 in North America on November 20 at a recommended retail price of $499 USD with Microsoft releasing the Xbox X during the 4th quarter expecting to launch in late 2020. If the stock keeps the uptrend until late 2020, the stock could reach previous all time highs of 40$+ not including the revival of the dividend. If any investor bought stock 1 month ago, even only 100$ shares, your money would have doubled not including leverage. The potential here is very positive for the new year.



























