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Window Dressing 06-27-2011
Monday, June 27, 2011 - 2:25pm | 1003Cusick's Corner Window dressing -- the grind to the upside could be a combination of some end of the quarter window dressing with a twist of shorts being squeezed. The market has again held critical support, 1256 on the S&Ps, and found legs to bounce, plus Tech is leading again. Now I take...
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Video Game Stocks Move Higher After Supreme Court Ruling (ATVI, TTWO, ERTS)
Monday, June 27, 2011 - 11:07am | 344Publishers of video games breathed a sigh of relief on Monday after the United States Supreme Court, in a 7-2 ruling, declared that a California law that banned the sale of video games containing violent content to children was unconstitutional. Referring to California, the Supreme Court ruling...
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Supreme Court Strikes Down Law Banning Sales Of Violent Video Games In California
Monday, June 27, 2011 - 10:33am | 182The U.S. Supreme Court struck down a California law which prohibits the sale of violent video games to minors, on the grounds that the ban is an unconstitutional infringement on the right to free speech. The vote was 7-2 in overruling the law. Justice Antonin Scalia wrote for the court, “Even where...
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Supreme Court Ruling on Violent Video Games Imminent
Monday, June 27, 2011 - 9:16am | 76@markflowchatter reminds Twitter followers that a U.S. Supreme Court ruling on violence in video games could potentially have material impact on Take-Two Interactive (NASDAQ: TTWO), Electronic Arts (NASDAQ: ERTS), and Activision (NASDAQ: ATVI). The original tweet can be found via the above link.
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Puts Purchased on Activision Blizzard
Friday, June 24, 2011 - 1:00pm | 120Shares of Activision Blizzard (NASDAQ: ATVI) are flat session, currently trading at $11.38. The stock has been moving largely higher over the past four months and is currently trading above the 200-day moving average. Options traders are buying puts on the name today. A short while ago the July...
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Are Box Office Failures (Green Lantern, X-Men, Super 8) a Bad Sign for Cars 2?
Friday, June 24, 2011 - 12:47pm | 1219Judging by the some of the recent failures at the box office, you might be wondering if moviegoers are getting smarter, pickier, or both. Two weeks ago, Super 8 performed fairly well by industry standards but fell below my own $70 million prediction. While there were signs that the film wouldn't...
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Friday Stock Watchlist: 5 Technical Setups to Watch
Friday, June 24, 2011 - 5:15am | 1813( click to enlarge ) Good Morning, Traders. TEKELEC (NASDAQ:TKLC) looks ripe for an explosive move upwards. The stock had a bullish momentum on Thrusday, gaining more than 7% and closing near the highs of the session. Very strong. So, with the bulls pushing shares higher, I expect the stock...
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Zings Of The Day June 23, 2011
Thursday, June 23, 2011 - 2:51pm | 61Supposedly Electronic Arts (NASDAQ: ERTS) is in talks to buy PopCap Games for over $1 billion. PopCap makes games like Bejeweled and Plants vs Zombies. Are you sure Electronic Arts wasn't trying to buy PopTarts? That would be more delicious than buying a company associated with Zombies.
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Rockstar Games Announces L.A. Noire for the PC
Thursday, June 23, 2011 - 10:01am | 85Rockstar Games, a publishing label of Take-Two Interactive Software, Inc. (NASDAQ: TTWO), and Team Bondi Pty. Ltd., are proud to announce that L.A. Noire will be arriving this fall for the PC. “L.A. Noire is a new type of game that makes players see through a detective's eyes in 1940s Los Angeles...
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Technical setups for Wednesday, June 21
Tuesday, June 21, 2011 - 4:59pm | 1873( click to enlarge ) Dear Readers, First of all, please accept my apologies for the missing update of the blog on Monday, but I was very sick. Let's start the day looking at the technical chart of Tellabs, Inc. (NASDAQ:TLAB). The stock closed the day up 6.42% at $4.31 after hitting a session...
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Activision's Very Bad Lawsuit Day
Tuesday, June 21, 2011 - 11:59am | 235The ongoing litigation between Activision (NASDAQ: ATVI) and the founders of Infinity Ward (the primary studio behind the Call of Duty franchise) will continue to go on now that a judge has ruled that the founders “have some facts to support their claims against the publisher.” The news comes from...
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Top 4 NASDAQ Stocks In The Gaming Activities Industry With The Highest Cash
Monday, June 20, 2011 - 11:15pm | 130Below are the top gaming activities stocks on the NASDAQ in terms of cash. The9 Limited (NASDAQ: NCTY) had $218.65 million in total cash and no debt for the latest quarter. MTR Gaming Group Inc (NASDAQ: MNTG) had $45.82 million in total cash and $378.40 million in total debt for the latest...
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Benzinga's Volume Movers
Monday, June 20, 2011 - 9:23am | 185Harbin Electric Inc (NASDAQ: HRBN) shares surged 53.20% to $12.85 at 10:22 am. The volume of HRBN shares traded was 1499% higher than normal. HRBN agreed to be acquired for $24 per share in cash by Tech Full Electric Company Limited, a Cayman Islands company wholly owned indirectly by Mr. Tianfu...
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Here's Another Yogi Reference (not the Bear but Berra)
Friday, June 17, 2011 - 5:23pm | 901Cusick's Corner "Slump? I ain't in no slump...I just ain't hitting." That's a quote from Yogi Berra and if you talk to someone who is long, this is what the trader would most likely say. While the market did finally break the weekly losing streak, you can't ignore that we have seen some decent...
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Top 4 Mid-Cap Stocks In The Multimedia & Graphics Software Industry With The Highest Cash
Thursday, June 16, 2011 - 11:09pm | 134Below are the top mid-cap multimedia & graphics software stocks on the NYSE and the NASDAQ in terms of cash. Electronic Arts Inc (NASDAQ: ERTS) had $2.24 billion in total cash and no debt for the latest quarter. Shanda Interactive Entertainment Ltd (NASDAQ: SNDA) had $1.20 billion in total...