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Take-Two Interactive Software Inc. Message Board

  • redzombie85 redzombie85 Sep 16, 2013 4:48 PM Flag

    My Theory on the weakness

    To many people bought TTWO anywhere from the last trading day to last year thinking they can sell at this time and make a profit. The gameplan for alot of TTWO shareholders was to sell and make money on GTA 5. I like to think this will recover because bottom line is this revenue is going to strengthen TTWO as a company it will go to research and development or buyback or something else.

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    • Long time lurker first time poster. I purchased this stock after the elections of last year when the stock market bottomed a bit and was able to get this around 11.00. I'm hoping for the best tomorrow but it seems there will be a sell on the news. And its unfortunate that the release of GTA V has a mass shooting that recently occurred which may cause public sentiment to punish this stock especially if tomorrow's overall market is red.

      My expectations at the time for TTWO was a short term play hoping for a 50% gain for spring release but was of course delayed to September. It's done well for me and I will try to hold until earnings call or even after that as I believe the market sentiment for video games overall will be quite positive in the next two quarters. You'll have news of Next Generation games "Sold Out" in every news channel! GME which was thought of as another Blockbuster will beat expectations and possibly cause more potential short squeeze upside for that stock, Games such as the new COD and other great titles will be coming out this year and will blow away the analysts who have predicted the death of consoles.

      For TTWO and the overall video game sector I seem more upside to come, but short term especially the next few days the seing the 16's again is very likely and, but I hope I'm wrong. Redzombie I definitely agree with you. My sentiment at the time when I saw this dipping from the 18's was to sell off half of my position if its supports around low 17 area were to collapse and dip further to 16. Weak hands and short term traders will be disappointed and bail out entirely when their prediction of upward momentum at release is not met.

      I hope for the best, and I'll be buying my copy at Target or Best Buy and will be enjoying the game anyways. GLTA

      Sentiment: Hold

 
TTWO
20.51+0.46(+2.29%)Apr 17 4:00 PMEDT

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