That's counting the change in price from open to close. The only thing that has propped it up is the after hours gaps.
Just imagine where this would be with no sales PR and no billion dollar sales.
Think. Stock up big on low volume after hours. Down big on big volume regular hours. What could it mean? This happened on Monday, Tuesday, Thursday and Friday (Wednesday was about flat). It looks to me like someone is selling big and that someone doesn't care about the sales figures. Does that sound reasonable?
If that's some random fund, no big deal, this will pass. It's strange they wouldn't care about the sales, but it's possible. However another possibility is it's Icahn, and he knew about the upcoming sales report and is selling into that strength.
Jester is the one that claimed GTA we "priced in" when TTWO was trading under $12 late last year or so. Shows up again AFTER TTWO has fallen 20% from highs to tell everyone I told you so.
If it only did 500mm it would be at worst 16. Heck, it could have done 300mm instead of 1bln and been there. Too much money to be made on the short side of options then. That said, I am happy to get more stock under 17, as it gravities around the max pain number today.
GOOD POINT JESTER!! Down $2.73 in one week. If you think we are going to 12 you sell here. Personally....if you go down $3 I'm more of the belief you shouldn't panic....and as mr. buffet says.....buy when people panic. Warren might be in this thing very soon. How about buffet and Icahn?? Might be nice!!