Techincals:
I'll be honest, this play is stronger on the fundamental side, but technicals are still strong backing up my play.
- Volume picking up after large sell off
- RSI has been in the crapper for months, definitely oversold
- CCI looking a bit oversold as well
- MACD has lots of room to grow, already crossed on the 1w
Fundamentals:
- Massive sell of recently because of deckle with CEO stepping down after only being there for a little bit. Seems like some FUD selling to me
- After sell off, filled three Form 4's equating to about $2m in shares purchased
- Just confirmed talks of possible buyout (Sycamore Partners is named in one article)
Overall, I think their is a reason the execs. are buying at such a low price in comparison to its previous highs. As stated in their last 10-Q "Growth in the video game industry is generally driven by the introduction of new technology. Gaming consoles are typically launched in cycles as technological developments provide significant improvements in graphics, audio quality, game play, internet connectivity and other entertainment capabilities beyond video gaming." This sounds to me like they may know that AR, VR, or some new advancement in gaming tech is soon to come.
No targets for now, just loading up on a few shares and keeping my eye on any news of buyout.
I'll be honest, this play is stronger on the fundamental side, but technicals are still strong backing up my play.
- Volume picking up after large sell off
- RSI has been in the crapper for months, definitely oversold
- CCI looking a bit oversold as well
- MACD has lots of room to grow, already crossed on the 1w
Fundamentals:
- Massive sell of recently because of deckle with CEO stepping down after only being there for a little bit. Seems like some FUD selling to me
- After sell off, filled three Form 4's equating to about $2m in shares purchased
- Just confirmed talks of possible buyout (Sycamore Partners is named in one article)
Overall, I think their is a reason the execs. are buying at such a low price in comparison to its previous highs. As stated in their last 10-Q "Growth in the video game industry is generally driven by the introduction of new technology. Gaming consoles are typically launched in cycles as technological developments provide significant improvements in graphics, audio quality, game play, internet connectivity and other entertainment capabilities beyond video gaming." This sounds to me like they may know that AR, VR, or some new advancement in gaming tech is soon to come.
No targets for now, just loading up on a few shares and keeping my eye on any news of buyout.