As Jamok noted, interesting to see the VG stocks all looking extended and all at big round figures, $90 EA, $50 ATVI, $60 TTWO. This makes it a good time for an update.

EA has been weak the last couple of days because it looks like they have rushed out Mass Effect Andromeda for the FY, news of which hasn't hit yet mainstream financial news. I sold $90 calls this week because with FY2018 expectations at $3.80, that's 24x forward earnings a year from now! It was just rising on "new high begets new high" momentum imo, until the MEA news the last couple of days started coming out. I'm looking for a slide down to recent highs $87-$88 or $84.2 (from early February earnings).

vg247.com/20...stock/

ATVI, I successfully called the $36 bottom recently when I said it was down 20% from recent highs and a return to near $40 looked likely. Earnings were better than expected, add momentum, and now it too looks extended. $45 could be a magnet, it's the top of the post earnings gap and also the Sep/Oct highs.

TTWO, will continue to have support from RDR2. It's expected this Fall. The last one was a huge seller and online was a big part of it. I fully expect this one to have the same MT model as GTAV, which will have analysts salivating and of course they can push out any high sales figure they like and justify it relative to GTAV. "It could sell 25%/33%/50% of GTAV's 75M sold blah blah blah". Many of those GTAV sales will have been double dippers buying on last gen then current gen, but never let the facts get in the way of a story. I always find the stock unpredictable because it's so easily manipulated by insiders and analysts.

As an aside, the market bullishness continues to astound. Rate hike, yaaaaaay! Unhinged Camacho repeating a second conspiracy theory he heard on TV, that Britain's GCHQ spied on him for Obama, and now the US has formally apologized to Britain. And the ineffective administration has failed again with the travel ban, and the new budget and healthcare bills will be DOA, and there's zero mention of tax cuts in the budget, but it's all good, right?!?!