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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call

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To: sa-mule who wrote (5993)3/11/2003 12:20:37 PM
From: Softechie  Read Replies (1) of 11447
 
ROFLMAO!!! TTWO Take-Two: Reasons to cover your short position --Wedbush Morgan (19.82 +0.64)
Wedbush Morgan has reiterated its Buy rating on stock and $38 target price. Believes stock's sell off in recent days, following an outstanding Q1 report, is due to investor perception that co is a "one-hit wonder." Notes that short interest has risen to 24% of the float, raising questions about what the shorts see that long investors don't. Wedbush Morgan's answer is that shorts have missed the boat on this one. With respect to the one-hit wonder argument (Grand Theft Auto), firm says by its count co is at least a "five-hit wonder." In 2002, co sold over 500,000 units of five separate SKUs in the U.S. alone. Firm finds TTWO shares a compelling value, and is at a loss to see how shorts plan to profit from their positions. Thinks shorts would be prudent to cover their positions post haste.
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