@wetain, I was wondering when the market would be pricing in the success of GH3 and CoD4. I'm surprised it took ATVI explicitly commenting on this for the market to react--the stock is up over 12% today. Pachter reiterates a strong buy rating with a $27.50 target.
I am concerned that strong sales of these two titles took this long to price in...possibly implying Wall Street isn't watching ATVI that closely. This could make the stock a good contrarian play.
I believe the disappointing guidance that was previously issued was bad for ATVI longs, but the fact that ATVI is changing its guidance so soon is not a good sign either. What was management thinking before?
There is probably high risk of profit taking after a 12% rally as well considering the current market environment.
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I am concerned that strong sales of these two titles took this long to price in...possibly implying Wall Street isn't watching ATVI that closely. This could make the stock a good contrarian play.
I believe the disappointing guidance that was previously issued was bad for ATVI longs, but the fact that ATVI is changing its guidance so soon is not a good sign either. What was management thinking before?
There is probably high risk of profit taking after a 12% rally as well considering the current market environment.