Get COOL as we head into this summer! Majesco Entertainment Co. (COOL) provides interactive entertainment products primarily in the United States and Europe. It offers video game software and other digital entertainment products. The company publishes video games for interactive entertainment hardware platforms, including Nintendo's DS, DSi, and Wii; Sony's PlayStation 2 and PlayStation Portable; Microsoft's Xbox and Xbox 360; and personal computers and other mobile devices. Click here to read more
COOL hit its 52 week high of $4.15 on 04/05 and since then investors booked some profits and short sellers as usual slammed it down to $2.65 today's closing price. The release of Parking Wars2 + Zynga IPO is going to be the catalyst for this stock to back up to its previous highs. Here is the Seeking Alpha article and the author who is long COOL and other gaming stocks did a good job in analyizng Zyna's IPO and its effect on the gaming sector. Read it here
"Majesco has been moving into the social/mobile space and has a close tie to Zynga, with its upcoming game, Parking Wars 2. Based on the A&E TV series, Parking Wars 2 is the second installment of the hit Facebook game. It is being developed by Area/Code, which was acquired by Zynga in January. The game is currently in beta-testing. If the game looks like a big enough hit, Zynga could present COOL with an attractive offer to keep it for itself. Given Zynga's larger audience, a deal could greatly benefit both sides. Either way, the tie to Zynga is sure to bring attention to COOL's stock."
I am long COOL at $2.65 and my short term target is $4 and if the takeover happens then I predict $6 on this stock.
A general Caution and Advise --As I always advise in my posts, Do not chase stocks. please keep in mind that I am not a Stock Market Analyst or an Investment Adviser to count on my recommendations/alerts. As always please do your DD before investing or speculating, start with a small position, always keep your stop losses in place and emotions out. Finally thank me for your profits but do not blame me for your losses because you are the one who pulled the trigger!!
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Who is Mr.Incredible?
- New Jersey, United States
- Mr.Incredible is a Momentum/Technical Breakout player who trades small/micro cap plays and who saw a 600% Growth since 2006, Yes even in this down market. I am going to post my real trades (including profits/losses) soon...As a general caution and advice Please start with a small position and always keep your stop losses in place just in case....As usual Do your DD before investing. Thank me for your profits and don't blame me for your losses because you are the one who pulled the trigger!!!