Image by Rebecca Williamson via Flickr Electronic 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
Our indicators demand trimming of ERTS position right here at $48.67. A tight sell stop on rest of the position is desirable. www.thearorareport.com THE ARORA REPORT, Ltd. HOME OF THE UNIQUE ZYX CHANGE METHOD DEDICATED SOLELY TO PROFIT FROM CHANGE BY TRADING AND INVESTING VERIFIABLE PERFORMANCE RECORD Every closed trade
Yesterday ERTS reported lousy earnings and guidance below consensus. As a result, the stock has been hit hard trading as low as $42.50. A culture change is slowly but surely happening at ERTS. Assuming proper execution, results of the change should start translating into better financial performance in the second