Games Workshop
A trading opportunity for you?
Will Games Workshop continue falling, or will it rise again back to 4,047p September highs?
- Games Workshop shares have fallen over 21% in 3 weeks to trade 3,137p (at time of writing).
- Shares almost -18% from 2018 highs; +62.4% from 2018 lows; +19% year-to-date.
- Company warned (18 Oct) that it will face some “uncertainties” in 2019.
- Profit year-to-date was similar to prior year, while sales are higher.
- Is this fall overcooked?
- Source: Dow Jones, Bloomberg, FT, Company News
Trading Games Workshop – An Example
Let’s say you feel that the stock is a bargain and you think it could bounce back to recent highs of 4,047p. You decide to buy exposure to £10,000 worth of Games Workshop using a CFD, at the current price of 3,137p. To do this, you need £2,000.
Let’s assume Games Workshop recovers back to 4,047p (+29%). Your profit would be £2,900, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 10% from the current price. Games Workshop falls 10% and hits your stop-loss. Your loss would be £1,000.
This is provided for information purposes only. It should not be taken as a recommendation.