Too soon to buy video game stocks like Activision and Take-Two

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CNBC's Jim Cramer on Thursday warned investors not to pick up beaten-up shares of video game companies like Activision Blizzard and Take-Two Interactive Software just yet.

"I'm not saying they're done going down at this point — I definitely think they have more downside — but at some point they'll be cheap enough to be worth buying. It's just that we aren't there yet," he said.

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