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Electronic Arts Inc. (ERTS) Message Board

  • herman11 herman11 Jan 23, 1998 7:56 AM Flag

    0.84 !!! Let us rock !

    Today the 40 $ barrier will be broken !!!

    H11

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    • Everyone saying that the stock was supposed to break 40..

      why did it close @ 36?

      whats going on?

      • 3 Replies to gamefool
      • Hi gamefool,

        i was on holidays for 2 weeks - so sorry for the late answer.
        I am disappointed that ERTS did not break through the 40 $ barrier. This was the 6th try to do so !

        The numbers were great - no doubt about that. As you know my guess was 0.82 to 0.85 ! There must be whisper numbers between 0.90 and 1.00.

        Now people may be afraid that nothing outstanding will happen the next 9 month, because the traditionaly strongest quarter is over.

        When ERTS ends one day with 41 we will see 45 to 47 a few days later.

        Be patient !

        H11


      • I heard through a friend (a stock broker friend) that EA was still being touted by several different houses as a "Strong Buy" or at least a "Buy." One brokerage house went so far as to say they expected ERTS to hit the low 50's by the middle of next year!!!

        Why it went down is anybody's guess. I do know that Volpe Welty downgraded it from Strong Buy to a Buy but EA's earnings were very strong so this doesn't make a lot of sense to me.

        As for breaking the $40 barrier, yes, it will but when is anybody's guess. I am holding on because I firmly believe that this company makes the best games in the biz and their management team is very good.

        Hang in there and you will get rewarded...

      • The market is being very unkind these days. This one is due for a pop but I don't know how soon. Right now it's hard to predict anything! The market has a lot of settling down to do right now.'Be patient. ERTS makes great games!!

 
EA
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