Glu Mobile (GLUU)

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Here is my take. The company is projecting neg earnings for 2012 and 2013. It reports earnings end of Oct. which based on poor gaming revenues people will dump rather than accumulate. I believe this stock will continue to slide down to $2 or below.
This downdraft will be due to the upcoming consumer reports which do not look too rosy. My guess is that this is going to be a bad shopping season as unemployment remains over 9%, unemployment benefits have ended for a significant number of people, Avg Salaries have declined, home values continue to decrease. It comes down to less people consuming with less disposable income. And credit cards have now become either maxed out by some or cut up and are now taboo for others.
BUT that is not to say this stock will not bounce here and there for a nice profit for flippers. But the waters aren't clear enough to keep anything retail for Short or Long Term.
I would watch the RSI on this one to find an entry with a tight stop loss.