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Playing Games


The fundamentals still "feel" ripe for Boo but the charts suggest keepin' stops tight


We chatted about my Boo-ish bent in the entertainment software names earlier this week. While the stocks have worked lower so far, if this year has taught us anything beyond the importance of finding a mental Happy Place the lesson has been to not be piggy about any gains you're lucky enough to find on your sheets.

After re-sizing up our fundamental picture (and the Street's view of same) post-ERTS guidedown, my hunch/ opinion/ anything-BUT-advice is that the bulls are in the denial stage of loss regarding the mid-term fundamental challenges facing ERTS and the game-space in general during the console transition.

Changing names within the space, I would offer that the research consensus regarding the forthcoming release (Oct 26) of Take-Two's "Grand Theft Auto: San Andreas" is that it will be The Biggest Game Event EVER". Given that this is the third GTA release for the PS2, the quantity of GTA-rip-offs we've seen since "GTA: Vice City" and the age of the underlying console, I'm rather genetically inclined to fade that consensus with a dark-side bet.

Misguidedly piggish or wisely aggressive? Let's check the charts:

* Charts courtesy of

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