>>You will get stung, with that P/E, come on, I know you know this.<<
Yep, I've heard the same thing about ERTS when it was at $3 adjusted. And let's not forget GOOG, MSFT, CSCO, INTC, and AMD....
I'll take my chances.
Here's why you need to wait, to buy ERTS
�Holiday sales are not meeting expectations,� Larry Probst, EA�s chairman and CEO said. �For the December quarter, it is likely the industry will be down double digits on a percentage basis.�
I wonder what day in Jan. probably the begining you will get many downgrades.
ERTS is going lower-(Short-Term), before recovering. Again, I haven't read anything positive on the V.G. industry. I know the chart does not lie.
Makes no difference to me wether you own the shares or not.
It appears you have made up your mind anyway.
All the longs here will make money on ERTS without you buying a single share.
>>I know the chart does not lie.<<
LOL! If the "chart" didn't lie then everyone would be basing their calls off the charts, therefore neutralizing one other and resulting in a total market stasis.
By all means, keep reading your tea-leaves. Just be sure to spell my name correctly on the check you'll be sending over. ;)
Great Blog....I especially like the part comparing ERTS to GOOG.
Both are valued at about the same multiple of forward earnings but GOOG is growing 5 times as fast (if ERTS grows at all).
Only a matter of time before we see ERTS fall from the sky now that the new year is here.