ELECTRONIC ARTS (ERTS) EARNINGS DATA IS A TRIGGER TO SHORT SELL GAMESTOP (GME)
Image by Rebecca Williamson via FlickrElectronic Arts (ERTS) earnings reveal that 30% of the revenues were from the games downloaded by the consumers. It appears that the era of shipping games on disks is coming to an end.
The biggest retailer of video games on disks is GameStop (GME). GameStop may go the way of Blockbuster. Blockbuster is the once mighty chain of video rental stores that ended up declaring bankruptcy.
A trade to short sell GameStop has long passed all the screens of the ZYX Change Method, but we have been waiting for the trigger event.… Please click here or the title below to read more.
February 1, 2011