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Author:

Jester Debunker

Subject:

Off Topic

Date:

11/23/15 at 5:44 PM CST

 

 

READ: 4

RPLY: 0

1

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RECS:0

Sentiment:

Neutral

Reply to:

MSG`#3138,`11/23/15
By LongTerm CapGains

 

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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