Everything has already been baked in the pie
Feb 14 close price $42.79
Mar 5 close price $55.10
It is an increase of 28.77% in 12 trading days!
The deal would be good but not this good!
Feb 25 2014
My theory is,is that they will have to come out with a downgrade based on valuation!
The stock pre mkt is @$74.36
If my calculations are correct $74.36 is a 48.72% increase from RBC's target of $50
They have a target of $50 and a target is what they expect the stock to be trading at,at some future date.
longs make money shorts make money........................Pigs get slaughtered
Sentiment: Strong Sell
They do it all the time! when all the gains are exhausted,suddenly there's an abundance of shares to short!I think they call it manipulation!
RBC raises price target to $50 from $40 rating sector perform.
The article is in Market Week on page 5............goes on to say revenue growth has slowed markedly.....and then he adds What kind of multiple do investors put on a company with little or no sales growth?He adds :We guess less than the market P/E,not significantly more,as it is now.
Full disclosure I am short EA.