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Activision Blizzard, Inc. Message Board

  • majorbagholder majorbagholder Aug 8, 2013 4:32 PM Flag

    Just thinking back to early Jan of 2013 when people were trying to short

     

    Almost too comical. All those jokers at SA, and some of the technicians trying to signal a bear trend. Then bang, +10% on earnings back in Feb. Then Bang! up again and now we're at $17.5. And the stock here is still cheap.

    Stock will goto $25 long term.

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    • I've heard this story before. In a few months we might be looking back and saying "Remember back during the summer when people were actually buying this stock over $15?" I used to be an ATVI cheerleader, but especially after the Vivendi deal, a lot of what made ATVI so attractive is gone. Their debt-free status is gone.Their cash pile is diminished. After the deal and earnings all there is to focus on is business as usual, and the news isn't great in that area. I'm not surprised to see reports of insiders dumping the stock. They certainly don't want to wait for the stock to go to the 20s... because it probably won't get there. Call of Duty is old news and record-breaking numbers are expected and baked into estimates. What happens when and if the competition this year causes a decline in sales over previous years? Expect a sharp sell-off and a bandwagon of downgrades.

      Sentiment: Sell

 
ATVI
25.98+0.27(+1.05%)Jul 29 4:00 PMEDT