I don't know who, but I just got my email alert
from Schwab that someone downgraded the stock. The
First Call report indicates someone dropped it from a
Buy to a Hold, so the nubmers are 8,4,1 instead of
The Weekly chart flashed a "sell" signal yesterday
with that close below 104. Today we're back above. I
haven't a clue which way it will go, but if we close
below 104 again tomorrow, I'll be playing it from the
Best of luck to all.
Isn't there a difference between a downgrade by
an analyst and a downgrade by a broker? There have
been no downgrades by any analysts tracking erts that
I can find. At this point, I am not sure what Raph
is referring to.
BTW, the Nov.
Hardware/Software reports are out. PSX software sales are up 20%
YTD, largerly attributable to a huge upturn in the
budget category. Titles over $30.00 retail remain quite
flat from last year.....this denotes an earlier than
expected end to the lifecycle of the PSX.
winner is Gameboy (and Nintendo) with a huge upclick due
This combined with the slightly
better than expected DC sales have put quite a dent in
the PSX and Nintendo markets (really flat from last
I believe that all the Pub's will have Q4
sales that are a bit flatter than expected.
Fortunately, erts has the breadth of product as well as a
strong PC Mkt share to weather this slight downturn.
They will rule come the ship of PSX2, which will,
incidentally, put Sega DC out of it's misery.
Re... umm... downgrade (I don't like this word),
Yahoo's Research page hasn't shown it yet. But on the
site in question, on the number of brokers
recommendations' list, there was 1 hold and the number of strong
buy was reduced by 1, as compared to the previous
month. I thought some broker was nervous about the
breakout in price and pulled the trigger too fast. (I
don't have the name of broker and for all we know, it
could be a typo error...) Or maybe he/she had since
un-pulled it. There you have it.
The whole sector looks weak right now. AKLM being
sold off to 52 week low on good volume. Looks like a
blowoff though. I will be buying more there. I would step
back on ERTS for now. Short on EIDSY doing
Best of luck
It looks like the move near the close on Friday
was nothing but short covering. Probably the same
thing again today. Friday we stopped at resistance, and
this morning, we couldn't even break the 111, much
less the 112 1/2. Sheesh. I barely got out with a
profit. It's officially a trade from the short side on my
chart. Of course, it has done this many times before and
then skewered the shorts with an unexpected
I blew CINR by playing it too conservatively. I
should have trusted it to do the right thing instead of
waiting. It just became a buy on my chart this morning.
But what a move! And I wasn't watching. I'm trying to
decide if it is safe to buy here or to hope for a small
EIDSY looks like an easy short. If
I'm watching when it breaks that 95, I'll likely join
you for the ride down with a few shares. Or, maybe
I'll study the chart and take the risk going short
higher if there's good resistance to play off of. I'll
have to spend a little time on the short term
Best of luck.
Looks like ERTS having a tough timre holding on
here. Still looks great long term though. EIDSY looks
like it is going to head lower. I want to see if it
will break through support at $95 which was the
Did you buy any CINR? It seems to be
moving up steadily.
Strange that we have not
heard from Ragman ever since a few days before the AOL
announcement. Maybe he was an insider that was castigated,
Looks like you made a good move getting back into
ERTS at that level. Take another look at EIDSY for a
good short opportubity. Iam back in at 101 and then I
read this research report over the weekend issued by
Piper Jafrey. No guarantee, after all Merill dowgraded
a few weeks ago and it dropped $23 only to come
back to new highs. I am encouraged though because PSX
sales for Tomb Raider apppear to be disappointing, or
there are distribution delays.
Conclusion - Following another disappointing quarter, we
reiterate our Neutral investment rating and 12-month price
$28-$30. Product slippage has been the
primary culprit for lower
the first half of the fiscal year. Tomb Raider 4 is
scheduled to ship (one to two weeks later than expected) in
this week, and on December 3, 1999, in
the U.K. and Europe. Overall, the
first half of
fiscal 2000 has brought below-par results (unlike most
companies in the industry), and the Company is banking huge
second half of the year. While we believe
the Company can make our
December quarter revenue
estimate, we believe the March quarter will be
a challenge than investors think. We are still
heads, trying to figure out
and European investors are driving this stock
...and thanks for posting that I'm not crazy.
I agree that an analyst is probably just a bit
nervous. This downgrade came shortly after BA started the
stock with a strong buy, so, obviously the analysts
don't agree. Interesting that the downgrade came just
as it looked like we'd show some significant
technical weakness, most of which has been erased by the
action of the last two days. I only wish we had more
volume on those.
Today's close was beautiful. It
broke out strongly on the 15-minute chart after
testing, and confirming, the supporting trendline on the
hourly. Looks like we may try the high end again. Thank
god I'm long!
Congratulations to everybody who
called the low near 100. Nice job. Now... would you
share the secret?
Best of luck to all.
I swear I get two of everything from Schwab. But,
then, I checked off that I want one of everything that
comes across about ERTS. So, I get the BusinessWire
story AND the Press Release, AND the additional
backstory, and, on and on... Most of it I've already read on
I was referring to the the First Call Earnings
Valuation Report dated for today. Check it out.
is nice to know that the insiders are locked up,
though I'm much more concerned about the Institutions,
which, last time I looked held something like 96% of
Best of luck to all.