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.