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Re: GME comments
LT, I think there's more to it than that.
With GME, they kept the FY guidance and the lows today would put
them at current year P/E around 9, and with a nice dividend and
buybacks, and huge short interest. Some covering is to
expected.
With EA, profit taking is to be expected considering it was at a
low of $65 one week ago, and over $73 this morning. This kind of
volatility is what I suggested we'd get due to differing opinions
on Star Wars sell through.
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