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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: Michail Shadkin who started this subject6/16/2001 4:03:23 PM
From: Michail Shadkin  Read Replies (4) of 6873
 
THDO - short near $6 and say goodnight

The 3DO Company develops and publishes branded interactive entertainment software. The Company's software products operate on several multimedia platforms, including personal computers, the Sony PlayStation, Nintendo N64 and Game Boy Color hand-held video game consoles, as well as the Internet. The Company is also developing software for next-generation video game consoles. The Company plans to continue to extend its brands across multiple categories and platforms. These brands include Army Men, BattleTanx, Family Game Pack, Heroes of Might and Magic, High Heat Baseball and Might and Magic.

For the fiscal year ended 3/31/01, revenues decreased 32% to $82.8 million. Net loss before acct. change totalled $75.1 million, vs. an income of $205 thousand.

Market cap is 233 million
Cash is .26/share

Jun quarter estimate is -.22
Sep quarter estimate is -.15

Dec quarter is expected profitable as chistmas is their make/break quarter.

2002 estimate is -.22

The whole game sector has been on fire for months, and pos stocks like THDO rising should signal a top in this sector is not too far away.

This is a $2.00 stock at best and thats assuming they are still around in 3-4 quarters.

They have invested all their money into development of new games (btw current ones aint selling very well)
They are hoping this will bear fruit during the christmas quarter.

They will be out of cash by Sep 30.

Seems like like a wing and prayer for a business plan to me.

Stock was under $2 only a month ago for quite some time.
Giant run up to $5.00

Beautiful resistance at $6.
Short just below that for a long term position with target of $3.00 or less.

traderpulse.com
Michail
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