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Electronic Arts Inc. (ERTS) Message Board

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  • herman11 herman11 Dec 7, 1997 1:45 AM Flag

    How high will ERTS go?

    Hi Pete,

    IMO, it is very important, that ERTS break the 40 $ resistance. Look at a long time chart. It often fails to take the 40 barrier and drops back. I expect 45 $ in the end of february and then i will not sell all of my poition.


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    • This is traderJ1212. Thanks for the reply dodidobro. sorry taken so long to respond. ERTS looks pretty good. Like herman11, I expect that $40 will be the resistance level that may slow ERTS assent in the short term. I do believe that it will break through (though I would guess it will be after New Years). I look for a strong move upward when it does break through this resistance (maybe 4 - 6 points).

      I've seen alot of good news from other software developers since the Christmas retailing season began. ERTS should do at least as well and probably better.

      AS for the short term trading, look for ERTS to make a strong move up at the open tomorrow (3/4 to a point and a half). From there, I might write some calls or take profits on some of my shares (NEVER, NEVER sell all).

      • 2 Replies to xray_10
      • You missed the call on the jump at the open. I thought it would jump also, based on the strength at the close. However, there were broader market restraints that prevented such a move.

        Good call on writing the calls. ERTS seems to be in a trading range that will continue until there is more evidence of the bang up Christmas we are expecting.

        As for tomorrow, I look for some weakness as the day goes on, probably falling to around 34 1/2 (unless some news released)

      • ERTS stay as the biggest gaming company lonly at the top.

        BTW the ZACKS rating of ERTS improves from 1.6 to 1.5.

        I hope the next wing commander saga comes in time. Only the brand-title will sell the game all over the world. Merry christmas shooting aliens - strange world ?

        Doesn't matter - -- -- - Go ERTS !

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