Take SMART profits from ERTS (in my case 52%) and funnel it into AKLM (Acclaim Entertainment). Buy low sell high. Do not fall in love with ERTS. Keep your distance. Business is business. AKLM has a target of $13. A cool double. They are grabbing a big chunk of the market more and more.
ZACKS had this:
Wedbush Morgan Securities issued a Daily Notes Report on May 18, 1999 for Acclaim Entertainment, Inc..
On May 18, 1999 Wedbush Morgan Securities analyst James Lin issued a 1 page Company Report on Acclaim Entertainment, Inc. Report highlights: 'A BUY rating was maintained with a 12-month price target of $13 per share.'
Report No.: F0097105
Be SMART. I sold 800 shares of ERTS today and bought 7900 shares of AKLM. I am SMART.
I can't take it anymore. Sell ERTS and buy AKLM? Yeah, right...invest in a "game company" riddled with debt that spends more $'s paying off interest then investing in the production of their own titles. Then add AKLM's investment in Dreamcast titles....a platform that is DOA and you've got a company that is spiraling downward.