Volume Spike Investor

Take-Two Interactive Software (NASDAQ: TTWO) is getting clipped.  For the quarter that just ended, Take-Two said it would have revenue of $325 million to $35o million and it said EPS for the quarter that just ended was $0.05 to $0.10. Take-Two anticipates that its results for the fourth quarter and fiscal year 2009 will be below its prior guidance due to several factors.  This just confirms the concerns about the company and about the video game software/hardware sales for Christmas.  Shares were off by over 20% at $8.65 and on 2,561,668 shares in the after-hours session alone.  Because we are posting before the 8:00 AM time that most open brokerage firms allow ECN trading the volume is very thin.  Shares are down around $8.40 in early Friday indications, so lower than last night so far.

JON OGG