Too much #$%$ from people who just showed up here looking to make a quick buck. Guess what?! When the street already knows something you're late to the party. Kudos to all the long time holders in here that weren't nearly as affected as the short term holders were. We're sitting on gains...you're not. Sorry!
Onion, when you're holding the stock at a lower cost basis then where its trading now you have the luxury to sit around, watch the pullbacks, and add to your position. I just didn't get into this stock yesterday like some of the newbies on this board. I've been an INVESTOR in TTWO for quite a long time. My thesis for INVESTING in the company is the GTA Online aspect which is the big unknown right now. Most people that are in here are TRADING on the probability that GTA V is going to sell huge numbers! Everybody already knows this. I'm going after the unknown. Big difference!
They will be soon though, ATVI and EA both shot up after the earnings dates of their biggest hits when they were already in decline. Not to mention the market cap will explode once the massive GTA V install base starts getting monitized
No disrespect meant, but not everyone that's new to TTWO or this board is looking to make a quick buck (though that's always nice). I think it's an opportune time, yes, and it would be nice to see that reflected in the stock price, but I think TTWO is a good hold for a lot of reasons. I think it has a huge leg up on competitors yet remains a good acquisition target.
I also think they ought to just buy Gearbox and get it over with. BL 3 will be huge and their DLCs are cash cows... just look at how well they're selling A YEAR after the release of BL 2.
Kudos to anyone who was long before recent gains, of course.
I am a long time holder and I like this post. This is the only way to think about TTWO as a stock. You can never get the timing right exactly and you certainly can't control the macro situation in the world.