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Shares of GameStop (NYSE: GME) fell 12.8% in October 2016,
In many ways, October simply continued the crushing downward momentum of GameStop's recent trading history. In August,
And the slide didn't stop there. GameStop's November started with
The stock is down 53% over the last year at this point. Short of giving up on the physical-retail strategy and becoming an all-digital game distribution hub, I don't know what GameStop's management could do about this terrifying trend.
GameStop has burned about $2.5 billion of market value over the last 52 weeks. Don't catch the falling knife, because there's still plenty of value left to destroy. Next up, GameStop will report third-quarter results on Nov. 22. Frankly, I expect another horror show.
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