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Rap Sheet

Author:

LongTerm CapGains

Subject:

Off Topic

Date:

06/28/17 at 6:47 AM CDT

 

 

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RPLY: 7

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Sentiment:

Neutral

EA insiders are cashing out

EA insiders are laughing all the way to the bank.  The VG stocks are looking quite top heavy.

form4oracle.com/co...id=942

 

They also gave Soderlund a $20M bonus:

"On June 1, 2017, the Committee also approved a supplemental equity award for Mr. Söderlund with a grant date award value of $20 million in recognition of Mr. Söderlund’s key role in delivering award-winning games and services to our players and deepening player engagement; this award was also intended to support the longer term retention of Mr. Söderlund."

What, his gazillion shares and the high stock price don't pay him enough, plus the other $12M bonus in the 8K below? How do they justify that bonus after the Mass Effect Andromeda dud, which he no doubt pushed Frostbite onto the team? He is in charge of that division too, and it looks like ME is on hiatus now so that's a few hundred million of projected revenue up in smoke.

sec.gov/Ar...17.htm


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Author:

Jester Debunker

Subject:

Off Topic

Sentiment:

Neutral

Date:

06/28/17 at 9:00 AM CDT

It must certainly is good to be king(s)!

I was thinking of shorting EA but I am weary because this market just refuses to go down and Cramer is still shouting that the stay at home stocks are the ones to own.


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Author:

LongTerm CapGains

Subject:

Off Topic

Sentiment:

Neutral

Date:

06/28/17 at 5:14 PM CDT

EA has finally been weakening recently. It has fallen through the 20ma and bounced a couple of times near the top of the gap after last earnings at 5/10. I expect it will see strong support around $106.5, the 50sma, and $105.5, the top of that gap. If it fell through there I doubt it would close the gap fully unless we had a really big market breakdown, since it would also have to fall through $100 and the 100ma currently over $97. I've been shorting on spikes and covering when it gets close to those levels.


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Author:

Jester Debunker

Subject:

Off Topic

Sentiment:

Neutral

Date:

06/29/17 at 8:43 AM CDT

EA looks to have now a confirmed head and shoulders, if the market continues to sell on strength as it did this morning EA may be headed towards the sub $98 level


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Author:

LongTerm CapGains

Subject:

Off Topic

Sentiment:

Neutral

Date:

07/03/17 at 10:07 AM CDT

EA has spent the last few days bouncing between that neckline you mentioned in mid $105's and the 50sma in low $107's. I'm still expecting a few % rebound from here.

UPDATE: and after posting that, EA did in fact reach the 50sma at $107.63, then has pulled back.


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Author:

Jester Debunker

Subject:

Off Topic

Sentiment:

Neutral

Date:

07/07/17 at 9:20 AM CDT

Yes, it has.  It has attempted to regain the level above the 50 DMA, twice including today, closed just below it today.  


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Author:

LongTerm CapGains

Subject:

Off Topic

Sentiment:

Neutral

Date:

07/08/17 at 6:38 AM CDT

EA got the few % rebound I was looking for, which took it about halfway from recent lows in the $105's to the recent high at $116. At this point with the market rally running on fumes I wouldn't be surprised to see it back down to $105's soon which could be a good entry for upcoming earnings.

CMG failed to find support around $415 and still looks weak around $395, but also very oversold. The $420 range could be resistance for a near-term rebound.


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Author:

Jester Debunker

Subject:

Off Topic

Sentiment:

Neutral

Date:

07/17/17 at 9:34 AM CDT

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