GME

Falling hard today are shares of GameStop (NYSE:GME), Tessera Technologies, Inc. (NASDAQ:TSRA), and Helios & Matheson North America Inc (NASDAQ:HMNA) with the biggest loser award going to GME down 15%.

GameStop Corp. (NYSE:GME) posted Q3 EPS of $0.32 beats the Street by $0.02 a share. Their revenue was released at $1.84B, which is +8.2% from the previous quarter and slightly up from Q3 2008 of $1.73B.

GameStop Corp.'s (NYSE:GME) CEO keeps saying 2010 is going to be a record year, just like 2008 was for the game industry when sales hit $21 billion.  But what if GameStop's CEO and fearless leader Dan DeMatteo is wrong?  You can bet shareholders are growing tired of promises of grandeur while traders are having a field day playing the volatility of GME shares.

Is all the negative press on Gamestop (NYSE:GME) losing out on the digital age of XBOX 360 and Sony Playstation 3 downloads going to kill the prominent video retailer that has made countless millions from new and used game sales?

GameStop Corp. (NYSE:GME) is a stock/company the Masters have been watching closely lately, since March the stock has recovered from the low $20 range, made it back up the low $30 and fumbled this week.  However that was the time to buy, since Monday GME shares are up 12% and the rally may just be getting started.