Game Group hasn’t had the Xmas price run up as wished, so I have sold it. I sold it around a month ago at around 170. There are two main pressures on it as I can see. Firstly, the supermarkets have been undercutting the selling prices e.g. Modern Warfare 2 is £47 in HMV or GMG and only £27 in Tesco or Sainsbury. Secondly, digital downloads are on the horizon and this will destroy the business model of GMG. Time to get out and never look back.
SIPP is now up to around £17,300 – so going well.
Tags: Game Group, GMG Sell
Hi hows it going
I thought your blog was good so figured id say hi. You seem to follow the same investing strategy as myself. I write a similar blog at http://sharetraderuk.blogspot.com/ anyway have a browse and ill be interested to hear what you think
matt
Had a look at your blog – really good and I’ll be be sure to bookmark it to get me some good tips.