Biggest components flat to red and the things up .75%?
Its almost ridiculous now. Gaps. And the charts gone literally parabolic.
Probably not a good thing with a correction looming imho. $2 could come quick with a selloff
Two idiots. The market does not give a #$%$ about about how profitable gme "was" but how profitable they will be 1-5 years in the future. These two posts reek of trapped desperation.
Seems like everyone including the bulls hate this market. I have never seen anything like this before. Too wierd.
After next weeks wwav share distribution DF will have stand alone value of just over $1B. Won't the stock fall from current levels? Like nearly $11? And if so wouldnt buying puts be a great way to protect position and profit?
Look at their ridiculous accounting in their 10k's. Their revenue is falling. The online sales tax law will finish them off.
Stock is up almost 100% in 4 months. Only a fool waits for the last dollar.
Disclosure: short 22,000 shares.
This stocks rise has absolutely nothing to do with what psun is doing, their earnings or anything else. It has to do with the Nasdaq at all time highs. The stock charts are nearly identical. When the Nasdaq pulls back it will take psun along with it.
Lastly, this company is knocking on deaths door. I know gwconcord would love to see a turn to profitability but its unlikely to happen soon enough. You can only close so many stores before you cannibalize your brand. Their revenue is already falling off a cliff from store closures and this tells me that even they dont think they can turn it around fast enough. They are going to struggle to not get de-listed from the Nasdaq if they don't turn it around quick.
There is absolutely nothing wrong with broaching the subject of gta5's continued weakness and the potential it has to affect the stocks performance. If you are looking at the same publicly available data that i am looking at there is cause for concern. Nobody here seems to want to address it. Instead they curtail it by slamming and labeling posters "bashers" and whatever other lazy mind foists they can come up with.
Ya im glad im still on the sidelines in cash. Any real market correction and $13's will be tested. Maybe $12's. Gta5 momentum just isnt there anymore. People were running about this board concerned for bsi but the real concern should be for Gta5.
Market looks way too strong. Classic chart setup for breakout to new highs. That is precisely why we are going to crash.
next gen cycle is precisely what will bankrupt this company.
I for one will be watching the pre-sale data this week for Battlefield 4 and if it adds anywhere near another 40k+ we are in for some trouble. Someone mentioned the gtav youtube trailer having 33M views, however that trailer is over 6 months old. Meanwhile Battlefield 4's trailer has 11M views and isnt even a month old. I too am not seeing the excitement and momentum that i expected and thought we would see. The delays hurt for sure but a whole new generation of gamers has come and gone since the last installment. We live in a COD and Facebook world now. I think the wild popularity of this Battlefield installment is going to clobber our holiday sales. Lastly, a huge market pullback will take ttwo right along with it. I think this months earnings will be ttwo's swan song until late July and my pps buy target is $13-$13.50 glta.
I read mayiplease post too. As great as gtav's trailer views are, that trailer has been up over 6 months now. Battlefield 4 has been up a month and already has 11M views. The buzz around the game is substatial and pre-orders as well. I do think its something this board has to have a talk about though. No bias just facts.
That is what the market is made up of. Gold is currently a great place to start. I see many gold bears still calling for massive gold price collapses. Its already happened. The fear hit and it was violent but short lived. There are way way way too many very serious deep pocket gold bugs (individuals, governments and industries) that are more than happy to buy any gold they can get their hands on (half the time im not even so sure they care what price they are even paying). I see absolutely no reason whatsoever for the longterm gold uptrend to stop anytime soon. In fact what i think this recent selloff might create is a level of greed we have not seen yet in gold. I am going "all in" gold with 100% of my remaining liquidity this week. I will short DUST with puts, buy GDX shares, and buy GLD shares.
This weeks endless barrage of economic reports and data will set the tone for the next few months imho. Best play here is the option straddle. I think new highs or fresh short term lows are to be expected going into May opex. I plan on a ~35% gain with a net SPY movement of $5 in either direction from the current price. The bep move would be small and cause zero losses either way. Opinions?