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Paying a Premium for Take-Two

By Jim Cramer

 About this article:
 Oh doctor! Take-Two! This has to be one of the most shorted names around, with about 40% of it short, but today it is Electronic Arts' prey, and there is no way you can get a do-over. When I was short something like Take Two -- and believe me I was short tons of socks with long-standing accounting problems -- I always did it with puts because I always figured there was some dumb company out there that might be tempted to buy the darned thing. I know it, because years and years ago I got hit with a buyout of Systemix, a biotech company that later on had to be written off lock, stock and barrel because it didn't have a useable product. Take-Two always has had product, and while it wasn't something as hot as Guitar Hero, it was still hot enough for shelf space,...

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