a. Internet Strategy
b. Exclusive provider of
games for AOL or/and Sony web sites.
one of the small companies now that we have a hard
d. Strategic alliance with Sony for game development
for the SONY 2 ( it is supposed to come with Internet
capabilities, so they would need a big provider of games. Erts
Not many more possible big new
IMO. I think the last one is the big news to be
announced on Monday.
And am watching to get back in lower down, or
higher up. Whatever. It's strong, but I'll trade for as
little as a couple bucks. I think you are right that
we're in nosebleed territory, and we're forming the
third line on the 15 minute chart.
Just wish my
accidental long position were as big as an intentional one
would have been!
EIDSY is incredible. Sure, you
missed some, but you're wise not to be greedy. I wish I
had more ERTS to trade so I could do it in stages.
I'm never completely certain about where to buy or
CINR is looking good. Beautiful breakout on the daily
chart. It's now on my list. Thanks.
In the wake of the AOL deal, I just wanted to
make some comparisons between ERTS now and the ERTS of
yesterday - in other words, my opinion that the trading
patterns will never be the same.
I'm glad you ended up LONG - after all the
painstaking effort and insightful postings, you deserve to be
on the winning team when our stock starts running! I
think it was the blessing from all the other board
members that guided you to press the "BUY" button by
mistake. In any event, you're long - so stick
Now on to my main point. ERTS has NEVER gapped up
like this before. For the last three years ERTS had
such a beautiful orderly chart with orderly runups and
orderly pullbacks, a great stock for playing long or
playing short. Now however, you have a full momentum
gap-and-accelerating breakout, the likes of which I've seen with QCOM
in February, RHAT in September, UNFY in September
and CHINA just a week ago.
So, being a
monentum player, I wanted to give you all some insights on
1. DO NOT SHORT under any
circumstances. The stock can go up and up and up into the
stratosphere and leave you in the dust. Just look at all the
people who got caught shorting EBAY at 70 before all the
splits and QCOM at 70 after the runup from 30. And let
me say it again... no matter HOW overvalued you
think it is, DON'T short it.
2. DON'T set price
targets. What's going to happen is that the stock will
bust through your target, sell you out, and leave you
looking for an entry point to get back in. If you like
the company and you're long right now, sit on it and
forget about it. Transfer and ship the certificate and
hold it in certificate form in a safe deposit box if
it's a long term play. If it's a short term play, you
can trade it but realize now that pullbacks will come
and go in a matter of minutes or hours instead of
days and weeks.
3. DON'T sell long position
because you think the stock is "overvalued". Forget
market cap, P/E multiples etc. Remember there are
Internet stocks out there with $10 million in revenues and
$10 billion market caps (i.e. Red Hat). Now we are an
internet stock of sorts with $1.5 BILLION in revenues and
an $8 Billion market cap. And a market leader in our
niche, just like RHAT is in theirs.
4. DON'T set
stop loss orders on long positions unless you are a
VERY short term trader. You can and will get stopped
out very quickly. MM's love to create 4-5 point
mini-panic pullbacks on momentum growth stocks to pick up
shares when they see stop orders. If you're ready to
sell, sell at the market.
Well these are some
tips on how to trade and follow ERTS as a momentum
growth stock. I hope you find these hints entertaining
Everybody need to get lucky sometimes. Did I hear
correctly that ERTS also buying News Corps end of the
business. That's Fox Interactive if I am not mistaken.
Taking some more competition out of the
ERTS is kicking some butt this
Congrats to the longs
I closed Friday LONG!
I use Schwab's
Velocity software, and it has a rather stupid "feature"
that when you go to change an order before submitting
it, it resets all of the order dialog settings. I
tried to go short on Thursday at 89.5, but accidently
typed 84.5. When I saw the error, I hit the "change"
button to correct the price. But the damn software reset
the order from a "sell short" to a "buy". After that,
it was all user error that I didn't notice till late
Friday my position was long instead of neutral. Imagine
my joy this morning.
I'm not a superstitious
guy, but somebody upstairs must like me!
Thanks for the note re: how you pick
stocks. The "never get arrogant" part is probably the
most important lesson for any trader.
Electronic Arts Schedules Conference Call for
11/19/99 5:22:00 PM
Redwood City, California, Nov. 19
(Bloomberg) -- Electronic Arts Inc., the No. 1 video-game
publisher, said it will host a conference call Monday to
discuss news that will be available before the start of
regular U.S. trading.
A company spokeswoman
declined to provide details about the conference call. She
said that the call wasn't related to the company's
earnings or financial results.
Some analysts have
speculated in the past that the Redwood City,
California-based company has held talks with No. 1 Internet
service America Online Inc. about an alliance involving
online video games. AOL officials weren't immediately
available to comment.
The last major acquisition
Electronic Arts made was in September, 1998, when it
purchased Spelling Entertainment Group Inc.'s Westwood
Studios Inc. for $122.5 million.
shares rose 2 � to 92, earlier touching a 52- week high
of 94 1/2. The shares have climbed 64 percent this
I hope you are not short anything in this sector.
From the sounds of it the only way ERTS will be going
down right now is if they are making a large
I spend a lot of times going over ideas and I never
get arrogant and start throwing other peoples
opinions out the window even when they seem foolish. I use
TC2000 for charting, but any longer term decisions are
made with primarily with fundamental analysis. I have
a lot of contacts in fund industry as I worked
there for 9 years as a researcher/analyst in Canada who
I continue to use for research reports. I bought
into a company by the name of CINAR, CINR on Nasdaq on
Friday on a breakout. The news coming out is setting it
up for a nice rebound.
Best of luck
That is why I said it is probably not a stock
split. The fact that they do not have the shares
authorized can be easily fixed by a shareholder
Like I said you don't call an analyst meeting to
announce a stock split. You have an anlsyt meeting to
announce some real news and to give some guidance in
regards to the future. I am currently not long AOL but I
am long both AKLM, ATVI. You never know, AOL could
probably buy out ERTS outright. We will see no sense
speculating but fun anyways.
Best of luck
If ERTS has a deal with AOL, it certainly is not
exclusive. ELBO just signed an e-commerce deal with AOL in
Besides, it wouldn't make sense for AOL to limitself to
the games of one publisher.