Yes I know TTWO made 10% yesterday hope you guys jumped in. I am sure there will be some profit taking (maybe a drop in the price) but I do think that they are a good takeover target and maybe will command a price around $30.
I woke up this morning thinking about Google. I think they are playing a dangerous game (as far as stock holders go) with this 700mhz auction. Its going to be 13 + billion to get in. They said they are doing this to prove a point. I believe they have great intentions. BUT the stock price may take a short term dip because Wall Street doesn't reward companies who bet millions to prove a point. Some people may even think that this is reckless. I know its beach front property, I know they are doing it to ensure that the spectrum stay free and open but I can't shake that it is a little risky for the short term players in Google.
