InvestorPlace featured feedback from Jesus M. Salas, affiliate professor of finance, within the article “Don’t Purchase GameStop Inventory Till the Firm Has a Good Plan.”
On this article, Salas explains why GameStop inventory worth will proceed to fall.
“Despite the fact that the inventory worth of GME continues to be comparatively excessive, it’s nonetheless extremely unlikely that GME will develop into extremely profitable within the close to future. That is most likely not information to anyone who has been being attentive to what’s going on to GME,” mentioned Salas.
Salas predicts a significant drop in GameStop inventory costs within the close to future.
“Some buyers had been conscious of the numerous brief positions in GME and needed to make the most of that. Buying and selling in anticipation of a doable brief squeeze will not be loopy, but it surely might backfire. It is vitally troublesome to reconcile a $300 inventory worth for GME. The most certainly situation for GME is that it’s going to return to sub-$10 within the close to future.”
The total article could be learn on the InvestorPlace website.