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Electronic Arts Inc. (ERTS) Message Board

  • mybills733 mybills733 Feb 5, 2009 11:18 AM Flag

    Back to $16 next week

    up for layoff closing stores with bad earning?

    give it all back next week. $16 easy

    excellent chance to short now $18.xx , easy money

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    • going long for short time will not be a good idea. people will not buy games (they may rent) in the times like this. if netflix start renting games, that may help gaming industry. gaming industry has to go through a new revolution (online games) which requires lot of infrastructure and a fully functional gaming network will take at least 2-3 years.

    • florida4evr Feb 7, 2009 12:24 PM Flag

      I prefer to go long with my investments but I just can't understand the rally since Tuesday. Cost control does not boost revenue and I have not seen any strong plans to grow the topline.

      There are better plays from companies that actually have a P/E.

    • MMs got what they wanted just by driving the price up after a disastrous earning report, which otherwise would have caused the stock price to drop to ~11. side effect of this caused the "short sqeeze" along with the two up days helped the stock to rise to ~20. now most of the professional investors will get out. If you look at the logic: people who haven’t covered or new shorts (newbies and scared ones) now will cover as soon as the stock price start to drop or somewhere around 16 and chances of it going to 11 in a short time is very slim. in 6-8 months if the market start the turnaround process, ERTS will move up with market. if not, 10-11 is a definite possibility.

    • It'll see $30 before it sees $16 again.

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