$14 level is looking likely if we don't have a sharp reversal to close at least above $19.50, and hopefully just above the $20 mark today to try to defend $20...
Only down around a nickel after 18 minutes of trading... Maybe they like the cut that should improve EPS in the quarters to come...
Maybe you should reduce your position, say by half if it does crawl above $65 AH, or at least put in a trailing stop loss...
Don't panic... last quarter it beat by 5 cents, but the stocks opened gap down over $6 the next day, and down as much as close to $7 before it reverse course... it had an intraday swing or spread of $7.11 that day... 9 trading days later, it finally closed above the pre-earning day close... and went to as high as $10 above that 3 weeks later... as I write this, AH has crawled back up to $64.50, so you are good so far, until they screw it up big in the conference call... hope not!
This is just nuts, we are approaching a 10% drop from a recent high of $26.58 !!! Does losing 2 titles off the top 10 sales list justify that kind of sell off? Give me a break!
Thanks! I just found this in Seeking Alpha article:
Friday, Nov 15
EA, GameStop slip after NPD releases Oct. game figures
After rising 52% Y/Y in September on the back of huge sales for Take-Two's (TTWO -0.2%) Grand Theft Auto V, NPD estimates U.S. physical retail video game sales only rose 12% Y/Y in October ahead of this month's PlayStation 4 (launching today) and Xbox One (launching on Nov. 22) debuts. GTA V was once more the bestselling title.
GameStop (GME -2.2%) is selling off on the wake of NPD's numbers, and so is Electronic Arts (EA -5.7%). Investors in the latter might not be pleased Madden NFL 25 (#2 in September and #1 in August) and FIFA 14 (#5 in September) fell out of the NPD's list of the ten top-selling games. EA's Battlefield 4, which launched near the end of the month to muted reviews, came in at #4.
Take-Two's NBA 2K14 (#3 in September) and WWE 2K14 respectively came in at #7 and #10.
Activision's (ATVI - unchanged) Skylanders: Swap Force was #8 on the list. Diablo III, which was #4 in September, dropped out of the top-10.
Hardware sales fell 8% ahead of the PS4/Xbox One launches, and only totaled $171.7M. Accessories sales rose 1%.
$59.62 back in May 3, 2013 was the high before the big gap up to $67... Today we just dip to $59.77 at around 2 pm EST... close enough? (Also if do bounce here to above $65 in a week or so, that would make this a good double bottom to the Oct 24, 2013 low of $60.15 ... We'll see how that works out... LOL!
I'd say we try to go up to test $63.20 from the 11 am eastern low...
I'd say the top of the day is probably done now at 10 am eastern..., but I could be wrong...
5 pennies short at the close, lol! We have now retraced more than 2/3 of that gain from $60.15 yesterday, currently at $60.87 at only 11:30 am Eastern time... Hope we don't break $60... but if we do, might as well get it over with quickly to $59.60 ish to completely close that gap!!