Don't have time for a wrap because I have to leave to go home but the portfolio did great today with the DRYS trade, WRI short, and TTWO.
Now to TTWO. Wedbush Morgan is very bullish on the stock. The analyst believes management is performing great, given the 2009 environment, however, sees them slightly profitable in 2009. 2010 is the big story with grand theft auto. The analyst believes it will outsell the last version by 50%!!! The analyst also pointed out the stock's valuation discounts this and I agree. His 2010 FY EPS estimates are $2.10!! So anotherwards the stock is trading at 3.88x 2010s earnings and has around $3 in cash per share! The company also introduced downloaded content in february as a new growth avenue.
If TTWO can deliver, this is a name to hold for a while!
Update II: Video Game Sales up 10% in February, see below...
http://www.reuters.com/article/technologyNews/idUSTRE52J01I20090320
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RF-
ReplyDeleteI BOUGHT SOME TTWO WHEN YOU POSTED IT ON THE STOCKS UNDER $10 POST. I AM BEEN TRADING FOR 11 YEARS NOW AND YOU ARE ONE OF THE BEST TRADERS ON THE NET. WE HAVE SIMILAR STYLES RF, IT'S KIND OF SCARY BUT YOU DESERVE MAD PROPS BECAUSE YOU HAVE BEEN BUSTING IT AND HAVE BEEN RIGHT. GOOD STUFF RF, YOU GOT YOURSELF A FOLLOWER.
ANY OPTIONS ACTIVITY RECENTLY?
Hi RF,
ReplyDeleteFinancials had a nice dip today, time to short?
Also RF what is your take on Gold/Silver?
ReplyDeleteThanks for the kind words.
ReplyDeleteAnon- If you short financials, via SKF or FAZ, buy out of the money calls on the UYG, XLF, or FAS, so you can protect yourself. Gold and silver will rip with the weak dollar, I personally like silver better than gold, but they NORMALLY move together. Last year however, gold was flat and silver was down 20%, thus I why I like silver.