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Jim Cramer — GameStop Continues to Bleed

Electronic Arts (EA) reported good earnings, leading some investors to think GameStop's (GME) earnings would be good, too. Wrong.

Shares of GameStop are down 13% Wednesday after the company reported "very, very big misses," TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Mad Dash" segment.

The company released preliminary third-quarter results that were "shocking," Cramer said. Analysts expected...