I think that you're right. Third quarter should definitely be the annual build up peek but that does not mean that console sales will be slowing down after that. New games and new hardware like VR will only accelerate their popularity in 2015 and beyond.
I thought they reports 24% YoY profit growth but were hit with debt related costs this quarter. They also gave a conservative outlook.
Line app is more popular in Asia and it's gaining market share in other parts of the world. I will never use WhatsApp now because it's owned by fakebook.
As long as corporations see value in advertizing on facebook the company will continue being pumped on Wall Street. Your personal beliefs or mine are immaterial here.
Other than high debt and declines in a couple of sectors what else is there? Both of those things are secondary to revenue growth.
What you saw the last few days was a large scale short covering and day trading among the Wall Street club. I'm willing to bet that same shares trades hands multiple times those days.
Methinks that squeeze has already come and gone. I suspect that most shorts already covered based on the recent jump in volume.