activision blizzard shares = buy? - Page 2

NastyMarine

United States1252 Posts

November 03 2008 08:41 GMT

#21

On November 03 2008 16:40 lololol wrote:
You still are comparing a price before the share split to a price after it.
2 shares at $13 = 1 share at $26(original price)
2 shares at $12.5 = 1 share at $25(now)
A BIG DIFFERENCE?

Even in the chart you posted they take into account the share split and the price is nowhere near 26, because of that.

Where are you getting two shares from??? Am I missing something here?

Tyraz

New Zealand310 Posts

November 03 2008 09:36 GMT

#22

Yeah, but i'm saying one of the main reasons ALL game/entertainment stocks went down so heavily is EA posted a net loss of $310 million and fired 600 people. EA was seen as a market indicator, and their comments reflected heavily on other stocks. However on the 5th they will probably post earnings, and without cutting jobs. So, I would expect a correction for the loss they made (and more) as a result of the EA statement. So, their share price has been dragged down by both the economy AND EA games. Lol it's more of a 'short term' gain to capitalize on negative sentiment.

nvnplatypus

Netherlands1300 Posts

November 03 2008 09:57 GMT

#23

On November 03 2008 17:41 NastyMarine wrote:

Show nested quote +

Where are you getting two shares from??? Am I missing something here?

Yes, they split 1:2 on Sept. 8. On 5-Sept they closed at $34.10, and on Sept. 8 at $16.79. Adjusted for split, that particular day was a move from 16.87 to 16.79.

Physician

United States4146 Posts

November 04 2008 04:34 GMT

#24

it is a strong buy (right now) ~

QuanticHawk

United States32160 Posts

November 04 2008 04:43 GMT

#25

On November 03 2008 15:46 ShcShc wrote:
[[Why does this matter? When a president is chosen, the economy will obviously surge as economic certainty is re-solidified. ]]

How would you know that?
Economy will either worsen/stagnant for 2009. Just because a new President is in office doesn't mean he will be capable to fix such a complex problem. The U.S economy won't depend on Obama or McCain but its going to depend on pretty much how the global leaders will react.

But if you're planning on keeping it beyond 2009, even 2010, then it should stabilize again (Warren Buffet invested a good chunk of his fortunes on the stocks again).

The economic traditionally gets a shot in the arm after an election, even if it's temporary.

My friend was thinking about investing in Activision too cuz of what you said. Personally, I think if shit really hits the fan, people aren't gonna be spending money on games, haha