i really don't know what you're ROFLing about. consumer spending has been lagging estimates for consecutive months now and there has been a real, tangible effect. this isn't supposition, it's documented fact. not really ROFL material for the intelligent or serious.
then again, you recommended buying NTDOY at $62, so maybe this is funny to you? your motives are questionable and you have yet to explain yourself.
It is funny (and VERY naive) that people actually believe video game sales will slow which is why I say ROFL.
I recommended buying at 62? Wow I'd like to see some proof of that. I sold 2/3 at 75 and the rest in the mid 60s and don't recommend to buy while I'm selling. I have recommended hold for a long time, because I would never recommend selling a stock that is growing earnings at incredible rates while the stock falls off a cliff. The market is trading on pure fear and fundamentals are irrelevant, but this cannot continue much longer.
I don't care about estimates they are merely used as tools to manipulate the market. For example, estimates about 5 months ago were for over 100% y/y growth and guess what? it missed by a few percentage Only growing by 100% and VG stocks tank..
ON 100% yoy growth! And it's not like companies with low 20 P/e's and PEG's well below 1 are factoring in 100% yoy growth...
The media has scared everyone into selling stocks and idiot shorts who think all these companies that are growing earnings at a rapid pace while their stocks are at multi year lows will fall forever will soon be in severe pain. Many many companies are not being effected at all by the supposed consumer slowdown and VG companies are at the top of the list.
Good Luck selling at the bottom as you recommend. Strong sell at 37? That is pure idiocy..
Games are the ultimate in affordable entertainment. The line exists, that separates games from the necessities of food, clothing, and shelter, but it's thin and I can just barely see it. Games will be the last thing given up should the end of days be upon us.