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itzme_petey
United States1400 Posts
My plan was to buy 5-6+ months ahead of a game launch announcement. As the market gets excited for a $100 million dollar product release, I flip the stock for quick momentum cash. Though I got real lucky with buying right at the bottom. While its small penny profits, its still nice to know my video card and sc2 copy is paid for. Btw, that 1k capital is going back into play when ATVI hits $10 range if it misses its Q3 earnings results. Then I wait for Diablo 3 momentum. ![[image loading]](http://img839.imageshack.us/img839/5213/stockedit.png)  | ||
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NrG.NeverExpo
Canada2114 Posts
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lac29
United States1485 Posts
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Torenhire
United States11681 Posts
On July 27 2010 12:18 lac29 wrote: I also don't understand how other investors don't realize this kind of thing and jump on it harder, faster, and cheaper than single amateur investors. I think it's because other investors hit bigger and much more profitable venues. Not to dismiss from the winnings posted here, though. Plus, buying/selling stock on game hype is alot riskier than other things, I'd imagine. | ||
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itzme_petey
United States1400 Posts
On July 27 2010 12:18 lac29 wrote: I also don't understand how other investors don't realize this kind of thing and jump on it harder, faster, and cheaper than single amateur investors. Well actually, infact they do. My volume is very small and pitiful compared to the heavy amounts thrown in by institutional investors. There are alot of analysts following ATVI as well as ERTS (Electronic Arts) in wallstreet. The only reason why the stock went up is due to mass market rally this past 2 weeks. Also, due to the imminent release of SC2 and upcoming holiday season. I would be greedy and hold, but I made mistakes holding onto stocks for too long. I am happy with 20% return and will pull the trigger. | ||
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JiYan
United States3668 Posts
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Glacierz
United States1240 Posts
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itzme_petey
United States1400 Posts
On July 28 2010 01:15 Glacierz wrote: If you look at the stock more carefully, it's already trading at 51 P/E multiples (the market average is 12-14), so the profit is already priced in long time ago. I don't think there's room for much higher prices especially considering this is a matured dividend paying company. Bingo! You sir are a smart man. Jiyan, I would sell now due to the fact that the market will probably take a head dive before we approach the holiday season. The recent rally really helped ATVI but, I do not believe that they will sustain any more growth. The analyst estimates probably baked the profits from SC2 into their model. However, analysts get shit wrong all the time. Also, remember that inorder for ATVI to really move in price, they need to announce something really big (WOW or D3). I do not forsee that until after the new year. | ||
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udgnim
United States8024 Posts
there's also Call of Duty Black Ops then Diablo 3 release maybe in 2011 and SC2 expansion released who knows when | ||
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