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Electronic Arts Inc. (ERTS) Message Board

  • petetanner petetanner Dec 6, 1997 8:14 PM Flag

    How high will ERTS go?

    I got in at 33 5/8 a few days ago, and was wondering how high you guys think ERTS will go during the holiday season?

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    • Most of the time you can tell what the MM's are going to do just by seeing how many options have been sold. Check out www.cboe.com for the options quotes and you can see whats out there. Anyone know if there are any potential aquisitions ERTS is looking at?

    • Hi Pete,

      IMO, it is very important, that ERTS break the 40 $ resistance. Look at a long time chart. It often fails to take the 40 barrier and drops back. I expect 45 $ in the end of february and then i will not sell all of my poition.

      H11

      • 1 Reply to herman11
      • This is traderJ1212. Thanks for the reply dodidobro. sorry taken so long to respond. ERTS looks pretty good. Like herman11, I expect that $40 will be the resistance level that may slow ERTS assent in the short term. I do believe that it will break through (though I would guess it will be after New Years). I look for a strong move upward when it does break through this resistance (maybe 4 - 6 points).

        I've seen alot of good news from other software developers since the Christmas retailing season began. ERTS should do at least as well and probably better.

        AS for the short term trading, look for ERTS to make a strong move up at the open tomorrow (3/4 to a point and a half). From there, I might write some calls or take profits on some of my shares (NEVER, NEVER sell all).

 
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