TTWO has a poor outlook; the company is failing to meet expectations by releasing an incomplete GTA 6.
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Daniel, I'm so thrilled that you brought this up. TTWO, Take 2 Interactive, down 6%. Now, this is the parent company for Grand Theft Auto 6. We they had I guess uh was it Friday or it was Thursday, they had that video about what Grand Theft Auto 6 was going to be like.
A lot of people on on the internet liked it. Um Take 2 actually went higher uh when that video was released. Had kind of a meh day on Friday, but today resuming lower. My thought is that this does go lower with all of the controversy or controversy as our European folk like to say regarding the game.
Um, so I'm not surprised to see this move. Take two down 6%.
we too breaking its pre-market high. Keep going. We're we're trying right now to break that pre-market 880 high. >> Okay. So you're coming up some consolidation, some supply up in the nines.
I'd say about 950 is where you might run into some uh resistance. You look at what uh we were doing on Friday. Uh this thing uh basically dropped right into the open. And as soon as we opened, we spent like an hour and a half just kind of going sideways before we uh continued lower.
So I think that hour and a half that we were going sideways is going to create a bit of a supply zone that is is going to be maybe a little bit difficult to get through if there's not enough volume.
So that's what I'd be watching for here with Wetto. What happens at that 950 area
and Wetto? There's a push through nine on its way to the 950 area that 13 just talked about. 930s now it's coming sooner than we thought here. Wetto.
Uh we too, by the way, halted to the upside just shy of 13's 950 spot there.
Brian says, "As long as GTA 6 isn't delayed again, they going to fly." You know, I think it might be shortlived, though. Let's see how this plays out. I think this is for such a huge game.
There's a lot of odd stuff going on with some of the companies.
I think I think it bear is worth watching what or or and reading into the uh backlash that has been happening with Sony uh at Gamescom. It's it's kind of uh unsettling to the point where uh there are certain third party developers talking about not releasing their games on the PlayStation anymore and just exclusively going to uh Microsoft's Xbox and Nintendo's uh Switch, too.
So if uh if these development companies are really starting to get uh poed with with Sony, then I don't know how great uh they they uh might end up being going forward and Take 2 is going to be on uh is be getting a part of that uh uh issue because this game GTA 6 is not complete. what they're releasing is an incomplete game.
And that's one of the reasons why they want it to be download only so that they can, you know, in future content updates give you more of the game. That's why they're not releasing any PvP.
That's why there's going to be uh uh it's going to have this limited uh firsterson uh story. Um I I think that this is going to, you know, I I don't have a great uh uh uh outlook on on Take Two right now.
They are not they are not uh uh hitting all the marks in my opinion.
Yeah. I'm with you on that. Here is take two. This sell-off accelerating down now 7 and a half%.
GTA 6 not being complete. Oh, that is, uh, based off of, well, for one, Sony has said that they aren't going to be releasing, uh, a complete game because they aren't releasing all the PVP and, uh, other, uh, features.
They're just releasing a a single player story mode only. That's not a complete game. Now you also have this other guy u who's been uh you know apparently has hacked into uh Rockstar India was able to get a you know a a working copy of the game >> a working copy of the game and that's what he's been leaking out and he says that even the game is not complete.
>> Uh so I think there's a lot of confirmation happening here both on you know the less legal side and from Sony itself that's indicating that they're releasing an incomplete game and they plan to release more of it as time goes on.
Jay here said TTWA, it's too funny. There were a bunch of people on social media pumping it over the weekend. 13. I think that this is a good discussion because if that's the case, look what Take 2 is doing today.
Still down 7%. So pumping over the weekend for people that are bullish on the game. Stock is not cooperating, at least not yet.
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