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Electronic Arts Inc. (ERTS) Message Board

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  • monkabc3 monkabc3 Oct 27, 2011 10:59 AM Flag

    Down Today

    Well, I don't consider ERTS overbought. Third day in a row it is trading in the red, against the grain. Must be investors with cold feet. Maybe you should put on some socks.

    Unfortunate that we didn't get a run up to earnings. Exact same thing happened in February, a sell off three days prior to earnings then a massive upswing after earnings report. Sold down to a ridiculous $15 with an analyst re-iterating a $12 target the day prior to earnings then up to $18 then $23. I guess history is repeating itself. I just find it really hard to believe that people are expecting a poor earnings report/forecast and selling into it today. I guess the computers are having a glitch. Got to love your attitude brad. Still haven't stated your position though... just a subtle basher sitting on the sidelines not making any tough decisions? You just starting out making imaginary trades? That's cute.

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    • QQQ is up 3% and ERTS is down. If that isn't a sign that it is overbought then you are simply a Believer in the Stock and no rational thought will sway you. Good luck this evening.

      • 2 Replies to trader_brad
      • I've got to admit I haven't seen something like this before. Market is up 3.5% which means a big negative correction for tomorrow. Which sucks for ERTS which like you is sitting on the sidelines of this huge rally. Huge amount of people selling, huge amount of people buying. I still believe they are going to have a great earnings report in the form of forecast which it what investors are looking for. The stock non-movement today... yah I don't know anyone's guess. Nothing but good news internally and externally, I guess they could all be lying which would make for a bad ER...

      • it's not overbought it's been at $24 since May

        the reason why it's flat/down today is because of earnings tonight

        people are in there hedging, taking profits, trading options etc, covered calls etc

        it's a high-volume tug of war

        of course i'd like for it to be up 3% like the market, but overbought it is not

 
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