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Electronic Arts Inc. (ERTS) Message Board

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  • marlonbrandofan marlonbrandofan Jul 26, 2000 10:36 AM Flag

    For a rookie my timing isn't bad

    I can't go long at these prices either. Yes PS2
    hype should help the stock, but the truth is ea.com
    did come across in the conference call as being both
    delayed, and kind of lame as far as content. At this P/E I
    would prefer buying the crappy stocks that have a
    decent ps2 lineup coming like thq. I know that
    management there is weak and not to be trusted, but they
    don't have ea.com hanging over them, nor do they have a
    high p/e. If erts does fall back to sixty, i will
    consider buying at that level...

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    • Yahoo research claims there's around 3.51m shares
      short, or 9.5% of the float. With no more really bad
      news imminent and the positive catalysts coming up now
      was the time for down-side. It didn't come, so
      everyone is covering. I'm down 1.4% from those Aug puts I
      bought, that's gone, but it's too expensive at this level
      to go long for exactly the reasons marlon said.
      Maybe August will be a slow month and we can get back
      in then?

 
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