If it was so predictable why didn't you buy on the way up and short on the way down? I hate people who arm chair quarterback and don't have the balls to play it.
While I agree with you fundamentals don't make money. The stock is holding up and it is well above Fridays close. It is quite possible that we might have to retest the low 13s before we head higher. I have patience but I am a little ticked that I didn't sell my call options on Monday. Now I'm gonna ride ride it out a little while and see what happens. Worse case scenario? I breakeven on my calls.
Buy and hold is the best way to lose money. After saying that I do believe that this stock is going higher. Probably not as fast as some people would like but either way higher is higher.
If they can come out with a great earnings report and great forward guidance then 18 is certainly attainable. Especially when the video game sector seems to be in favor and that hasnt happened in a long time!
Initiated a small position in TTWO today @ 16.10
ATVI is like the Microsoft of video games. Their just too damn big! If anything they should be a net seller of assets not a net buyer. Thats one of the advantages of ttwo. Their small and nimble and can react.
I'm the biggest proponet of TTWO but as a trader I couldn't pass up the price action in EA today. I haven't had a position in EA since 1998. I'm on the fence with TTWO but if they have a good earnings report and good price action then I'm definitely getting back in to TTWO.
Wow! That didn't take long before you were wrong. Less then 24 hours. Congratulations!
I can see the coming market correction. Then I can see the market going up after that. And then after that the market goes down. And then up. See what Im getting at here?
Let me just preface that im neither long nor short right now but i dont think battlefield sales will have zero effect on gta sales. The games are not in the same genre and ive heard the same thing about battlefield with the last installment and that franchise has yet to gain traction versus the call of duty franchise.