Yes, I understand that's how stock prices go up and down, and what you say certainly makes sense for Take Two. Many people saw the EA bid as a reason to buy and the rejection a reason to sell. Those who held did in hopes of a second bid that would raise the stock higher. When it didn't come the market fell out from under Take Two. But considering EA is in the position, of course, of knowing whether they would make a higher bid, is it (and I'm sincerely asking--is it?) possible the decided to let the market correct after the high caused by their offer, and be the ones picking up the stock on the cheap from all these people desperate to sell? That they decided it was just easier and cheaper to become majority shareholders in Take Two this way and perform a hostile takeover?
A few other questions I pose to you (any of you who know the market better than I do):
1. Are there still people in Take Two that have enough stock in the company to hold onto majority shareholder status?
2. If EA is doing this, withholding a second offer in order to allow the market to correct itself and pick up the discarded stock on the cheap, is that insider trading?
3. If the answer to 1 and 2 are both no, is there a chance EA could pull off something like this and takeover before the release of GTA4? Might GTA4 be enough of a stock boost to foil this hypothetical plan I've foisted on EA?
4. Man, does EA suck, or what?
My consoles and the fates they suffered:
Atari 7800 (Sold), Intellivision (Thrown out), Gameboy (Lost), Super Nintendo (Stolen), Super Nintendo (2nd copy) (Thrown out by mother), Nintendo 64 (Still own), Super Nintendo (3rd copy) (Still own), Wii (Sold)
A more detailed history appears on my profile.
