I'm cookin up that crow for you monkey! I'm gonna smother it in bananas for you just to give it that home cooked feeling
We're digesting our recent gains. We're up nearly 10% over the past 10 trading days. It needs to take a breather. Nothing wrong with the price action IMO
Technically you lose because the SPY went ex-dividend today. However, I'll give you the benefit and say that the SPY will still close above 181.75.
It tells me that the market was digesting the huge gains from yesterday that's what it tells me. You are going to eat crow!
What it does is it keeps the user engaged. It also also allows TTWO to create new content without spending a dime. How cool would it be if you created a track and some how it found its way into the normal cycle of tracks? I think that's pretty cool. It keeps the user engaged, it saves TTWO money because they pass off the labor to its users, and overall its just cool!
You want to have your cake and eat it too and in this case it just is not possible. I believe a market correction is in order but me and everybody's Aunt Sally has been saying that for sometime and it just hasn't happened. IMO there are still do many bears out there, like yourself, calling for a top in the market. When this is the case it is not the right time to go short. However, one thing I will tell you, I do have some short positions in my portfolio which is rare over the past 3-6 months. So like homer said, I'm in the 50/50 camp. So far there hasn't been an overwhelming signal of a significant pullback. Of course this is all IMO and you should always remain nimble just in case ANYTHING happens.
You're out of your mind if you don't think TTWO will be pulled down in a deeper market correction. And don't be fooled into thinking the S&P has topped.
At least they came out and said that GTA Online was going to experience problems at the start while EA said nothing about the potential problems Battlefield 4 was going to experience.
Yes. Their Walking Dead series has won video game awards. I hear that they are coming out with a Game of Thrones series soon. It's a choice base genre where you choose where you want the story to go so in essence you are in charge.
That's right! The fast money players got fed up and left the stock. The ones that were patient enough to hold are now going to rewarded for our patience.
Sentiment: Strong Buy
I'm sorry I just can't see a "turnaround story" outperforming the general market if we enter a downtrend. And one of EA's problems was that they got too big! They made too many acquisitions. I just don't see them going after TTWO. But you are correct in saying that EA has to fix their quality control. Did you see that NBA game that they put out? They had 2 years to do it and they put out a pile of #$%$! Not that I mind, I'm a TTWO invest and want to see them have a near monopoly on the sport. The funny thing is, TTWO didn't have to buy exclusive rights to the NBA to own the category. They did it by publishing a quality game. Can't say the same about EA and the Madden franchise.
If you think that is the case why buy here? Seems like you'll be able to get better value for these stocks given an overall market decline.