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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Trippi who wrote (25533)1/18/1999 11:39:00 AM
From: ivan solotaroff  Read Replies (2) of 79302
 
AKLM

Trippi,

What was the IBD mention?
Perhaps the gap-down had to do with this:
"Although revenues from the sale of N64 and PlayStation Software are anticipated to continue to grow in the second quarter of fiscal 1999 and for fiscal 1999 as a whole, the Company does not anticipate that, for fiscal 1999 as awhole, it will achieve its fiscal 1998 growth rate."
The quarterly report has much bleakness in it.
Also, we had a 13-year-old houseguest over the weekend with a bunch of games magazines. Acclaim does not seem to have much of a niche other than the sports games, and the Turok II and South Park games were nowhere in sight. It's too late for me to start worrying about fundamentals, but if I don't see much on either that or the TA horizon by Tuesday morning, I'm gone, regardless of the loss.

Ivan
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