Source: Sterne Agree
Above are some analyst price targets and opinions on various video game makers. These are good to use for price exits. THQI is getting a lot of buzz from the new UFC video game, so if it's a huge success it could run higher. ATVI is still a great stock. GME is also a good retailer with good margins. SNE is another one to watch. SNE is projecting Playstation 3 hardware growth of 29% YOY and analysts believe a price cut is coming for the PS units. This could be a good thing, if they can double volume. The image above highlights some of the SNE estimates.
I will take a stake in one of these names soon but the market is in a stage of:
1) buy high, sell higher - feeding off momentum OR
2) sharp 5-15% retracement due to sudden valuation spikes
I will cling to cash and research until the tape is more clear...
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