Can someone please explain me why they are down instead of hiking to 14+ level?
only serious answers please.
Sentiment: Strong Buy
Last year, there was a one day pump to 14$ because of CoD. I guess this year, people got wise to whatever it was that caused it not to hold the price? Plus macro factors are a big drag and the market hates video games right now.
I think the company expressed concern about the upcoming year. What major releases are slated for 2013? Remember stocks are forward looking.
By end of Q4 cash at ATVI would be 4$ of the stock price. No matter FY13 guidance is, the stock should move to 14
*expressed concern about the upcoming year in the conference call*