Well GLUU did get bought!
EA to acquire Glu Mobile in $2.1B deal 16:08 EA, GLUU Electronic Arts (EA) and Glu Mobile (GLUU) have entered into a definitive agreement under which Electronic Arts will acquire Glu Mobile. Under the terms of the agreement, EA will acquire Glu for $2.1 billion in enterprise value. Glu stockholders will receive $12.50 in cash for each share of Glu stock, representing a 36% premium to Glu's closing share
Speaking of glue.....
(our great horse-race to $50, of which I have relegated LAZR to the Alpo cannery...)
I'm not buying the price action on this stock.
They are still a low margin marketeer of electronic junk.
It deserves a multiple of 15 TOPS!!!!
Like Apple back in the day.
Oh they'll tout "E-Sports" in a BIG WAY tommo.
I am not a believer.
Its a consumer electronics company.
And as I said once before in my prophetic wisdom lol...
"Gamestop is NOT going away now."
They can close down these b&m operations, but don't tell me that shelf offering wasn't exploited.
They'll bury Corsair.
Depending on what's running through the head of Mr. $CHEWY
That matters not however.
Kids love this stock. Little Peter Lynches that have the right idea.... but are blind to the #'s.
$53 is a huge short.
Disclaimer... no position.... just writing commentary.
The bias on this thing is DEFINITELY up.
We'll see.