Caught by surprise by what is now the biggest game in history (Fortnite).
Fortnite has taken over high school + college market COMPLETELY. No one is playing any other game... no one.
Epic Games is reeling in an estimated 3.5B and has endless opportunity going forward.
Upcoming Short Catalyst:
Red Dead Redemption release to upset big: Red Dead has little relevance to the younger crowd, especially when released during the same month as Call of Duty and Battlefield. Expect Red Dead Redemption to be the last of the 3 games to be bought
The higher the stock goes in the short term the more you short :)
Target 1: $80's
if that cannot hold we may see a deeper correction down to the $60 range
Target 2: $60's