On June 5th TTWO comes out with Q2 earning report. This time last year Q2 07) was -0.41, This report Q2 08 has an estimate of +$1.12. Does anybody expect to see a jump in price by $ 2 or $3 dollar. After all, I think that a substancial improvement.
The all time high in TTWO stock is 29.60. We're not far away, but it will be difficult to break through that in the short term I think. However, when(not if) we do then we can really break out the champagne.
You never know if it's going to sell on the news... There are a lot of unknowns (earnings probably aren't one of them) right now, and stock trading funky sometimes when there are unknowns (and pending buyouts).