GameStop Stock is Heading Back to the $10 Level Soon: Take 2

GameStop NYSE: GME shares have retested the $10 level once and will do it again because the company is lost. Like Blockbuster before it, its once-hot business lost relevancy and has nowhere to go but out of business, and it looks like the failure is accelerating. The takeaways from the Q1 report are that this company is shedding business fast, losing money, and diluting shareholder value in a way that will make many short-sellers drool. GameStop TodayGMEGameStop$34.50 -12.05 (-25.89%) 52-Week Range$9.95▼$64 ...