You may have read that the GAME share price has been plummeting, and indeed it has – at the time of writing it’s hovering at just over 1 pence per share, having dropped as low as 0.76p per share earlier today.
It seems those who hold shares are trying to flee the sinking ship whilst their investment holds a monetary value, no matter how small. This graphic from Reuters shows around 20 million shares being traded in the first few hours of today.
Analysts are recommending selling any GAME shares, but the question is, who is buying them? Someone, somewhere seems to think GAME can turn their fortunes around and if they do, they will be sitting on a small fortune.
Purchase 5,000 shares today for around £5,000 and if GAME recover and the share price heads back to a fiver a share that’s a cool quarter of a million pounds return. Just £100 could see £50,000 in your back pocket and I’m ever so slightly tempted to have a punt myself.
Someone is taking a gamble, someone may make an awful lot of money – or GAME may just go tits up and any investment will be lost.