InvestorPlace featured comments from Jesus M. Salas, associate professor of finance, in the article "Don’t Buy GameStop Stock Until the Company Has a Good Plan."
In this article, Salas explains why GameStop stock price will continue to fall.
"Even though the stock price of GME is still relatively high, it is still highly unlikely that GME will become highly successful in the near future. This is probably not news to anybody who has been paying attention to what is going on to GME," said Salas.
Salas predicts a major drop in GameStop stock prices in the near future.
"Some investors were aware of the significant short positions in GME and wanted to take advantage of that. Trading in anticipation of a possible short squeeze is not crazy, but it could backfire. It is very difficult to reconcile a $300 stock price for GME. The most likely scenario for GME is that it will go back to sub-$10 in the near future."
The full article can be read on the InvestorPlace website.