TTWO: Caught Unprepared + Hit Hard
Updated
Caught by surprise by what is now the biggest game in history (Fortnite).
Fortnite has taken over high school + college market COMPLETELY. No one is playing any other game... no one.
Epic Games is reeling in an estimated 3.5B and has endless opportunity going forward.
Upcoming Short Catalyst:
Red Dead Redemption release to upset big: Red Dead has little relevance to the younger crowd, especially when released during the same month as Call of Duty and Battlefield. Expect Red Dead Redemption to be the last of the 3 games to be bought
The higher the stock goes in the short term the more you short :)
Target 1: $80's
if that cannot hold we may see a deeper correction down to the $60 range
Target 2: $60's
Fortnite has taken over high school + college market COMPLETELY. No one is playing any other game... no one.
Epic Games is reeling in an estimated 3.5B and has endless opportunity going forward.
Upcoming Short Catalyst:
Red Dead Redemption release to upset big: Red Dead has little relevance to the younger crowd, especially when released during the same month as Call of Duty and Battlefield. Expect Red Dead Redemption to be the last of the 3 games to be bought
The higher the stock goes in the short term the more you short :)
Target 1: $80's
if that cannot hold we may see a deeper correction down to the $60 range
Target 2: $60's
Note
Cramer said he "loves" TTWO. Time to short hard.Note
Juicy potential double top forming. 3rd and final short on TTWO entered. Short this beast down to Target 1: $93 Target 2: $70 then enter long. Good Luck
Note
MASSIVE SHORT INCOMINGWARNING: TAKE-TWO TO CRASH 40%
Note
Snipe.Trade closed: target reached
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