Yet another ATVI Article *Bleh*
I smell $11.45 as a support level. I'm moving my "You should buy" target on ATVI at $11.45 or below.
Hey... My highest price point is $11.48. So this isn't in contradiction to what I have been doing with my own real money.
I stand by my THESIS from yesterday.... Activision's business may contract eventually if not already due to the economy...sales declines? revenue declines? doesn't matter what contracts....Something can surely contract to even the world's greatest video game publisher. It can happen.
But good ole Blizzard is setting up ATVI for growth inspite of what the economy throws at Activision.
Oh and for those *pouting* away over PS3's price tag... Get a Rag Towel....Wipe your tears....
Anytime 1 PS3 is purchased....that's 1 more shopper for ATVI.... so this talk of DOOM because not enough consoles are being bought in as fast a fashion as hypersensitive Wallstreet wishes is just silly talk. 1 + 0 still equals 1 for ATVI.