Now that is overpriced. The price to sales and
spotty earnings record make it a good target. My only
concern there is the buyout rumours that floated around a
few months ago. Either way it looks fully valued or
overvalued over the short to medium term.
holding relatively well. I shorted again after it failed
to break through yesterdays highs. Getting a better
payoff on EIDSY.
Best of luck
I took the day off today. Because I didn't like
the action on Wed. I had an order in to sell if we
did 89, not wanting to wait for the expected 90 for
fear we wouldn't make it and would plunge. So... I'm
out for now, and hoping I'm not wrong.
could very well be right about a pull back to "only"
85. But that's still about 5%, which is good enough
for me. Since we've hit what I would have considered
the optimistic target for this move, I'm guessing
we'll pull back closer to 80. But, hey, I've been wrong
a few times in the past. Just glad I went long
after the expected pull-back to 77+! I'll take the
money any way I can get it.
Best of luck to all.
I can almost hear you pressing the 'sell' button.
I'm not selling here, simply because we blew past
previous resistance at 85 (we had hit 84 9/16 before that
pullback to 77) and it's not worth it to me to gamble
selling here and trying to buy it back only 5 points
lower. (Remember, I'm the technical guy flying at 35,000
feet, not 1,000 like you are!!!) And I've lost two
great stocks earlier this week before good moves up
(CMDX and RHAT).
But on an ERTS note, if you
are willing to bank on the Nasdaq correcting and
along with it, EA, then you do have about a 5 point
downside target assuming we fill in the breakout yet again
with a downmove to 85. But look at SEBL for an example
of what can happen when investors finally decide
there aren't going to be any more gap and filling
pullbacks for a while.
Whatever you do... all the
The recent strength in the stock will be
explained before long.. too many leaks on the big deal
they're making. I heard a progress report this week that
made me close my short in a hurry (should have closed
it a long time ago!) as I'm now thinking that ERTS
is firmly on the way to 99 before it shows weakness.
I didn't try to suggest that SNE's buying ERTS or
anything. Besides, I don't think the good country USofA
would allow EA to become a Japanese sub. Imagine US
without a major video game player! Just don't think THQI,
AKLM or MWY can ever dream to become comparable to EA.
I just thought there might be some more projects
between the 2. Are there any press releases on the
PlayStation II today? The Dreamworks Private Ryan news
release is too weak to pull EA to new highs 2 days in a
row. Or maybe it's just X-mas time! Stores are already
putting X-mas decorations... and it's not Thanksgiving
I wouldn't short this stock if I were
you. I mean, where are the resistance and support
leves these days?
I should have went long when I covered my short
at 77. Looking to go short again but being cautios
here. There is no corelation with SNE and ERTS. I think
someone is trying to suggest that SNE would buy ERTS.
That does not make sense. ERTS already in SNEs back
pocket. They have been for years. ERTS revenues derived
from Nintendo and DC are either small or non-existent.
Also that may damage ERTS commitment to PC gaming as
MSFT and SNE appear destined to face off in the
future. More likely that smaller gaming firms would be
bought out. Light volume on ERTS also does not indicate
there is anything in the works.
That being said
ERTS looks strong and todays release of Dreamworks
Private Ryan themed game more fuel to the fire. Lokking
for weakness to short again. If we get a pop in the
morning that may be my time.
Best of luck