I'm very bullish on TTWO, however, after the run-up this morning I closed my position at 17.70, then it ran all the way up to 18.20. Seems like its establishing a solid base for an extended rally here, but I'd like to get back in. I'm thinking about buying tomorrow during the 10-11am dip. Thoughts?
Sentiment: Strong Buy
MY THOUGHTS...#$%$ and mitt Romney. Well you asked for my thoughts. I think 18 is a solid base for a move up. Will know if we get past 18.18 wed., I think this is a big hurdle, but seems hard not to be positive with all of these numbers. I mean what's the WORST case scenario with TTWO right now? NO GAMES PLANNED FOR NEXT YEAR?? And I really don't see that happening. We buy a really #$%$ vg maker out of the blue. Icahn sells...which if he hasn't by now......don't think that's an immediate future thing. The republicans some how bankrupt the economy. Outside of that......not a lot. Heck....we are talking to Iran now. Which has been my argument all along.....you just get these ayatollahs to play a little gtaV and it's a stress reliever. EVERYONE is peace and happiness post GTAV
Worst case scenario? Aside from Icahn maybe selling, you could get another Z-bomb like in December 2008 when they announced new Housers contracts which included them getting to form their own company and own their own IP. The stock got crushed the next day.
Those contracts were for 3 years. 8 months before they were up, in May 2011, they announced an extension. If that was for 3 years from May 2011 (was it ever made public?), and we're now 8 months from that contract being up, then we're at the same window where we can expect an update on their contracts. Any bad news there and it's lights out.
So "they" got to you, with the repeated daily smackdowns of the stock.
I wouldn't recommend buying at $18 because $18.12, $18.16 and $18.14 are recent highs and closing prices before today, so it could retreat from here. If so, you can probably get back in lower than where you exited. OTOH if it goes past this range say to $18.25 you might want to buy it since it will probably test the $19.25 high.
Keep you eye on option volume and look into maximum pain. This stock seems to follow that more than anything. However if there is some positive forward statements, this stock may pop up uncontrollable, but for the moment I would say anywhere under 18 is safe, and under 19 moderate, depending on overall market conditions.
I honestly think you're ok with getting in at these levels. The best level would be 17.80 IMO or over the high at 18.20 that was made today. But we're talking about such a small spread that it doesn't really matter all that much. If I were you I would define my risk down to the 16.90 meaning you're risking 1.10/share. This is JMO and you should really be making your own investment decisions and not asking a message board. No offence.
I would try anything under $18 IMO this stock is going to absolutely take off once the concrete numbers come out. You cant even find a copy of the special edition unless your buying second hand, not to mention Bioshock triple pack is #4 on Amazon behind GTAV ps3/xbox.