October 14 Rockband 2 (360, wii, PS3)
October 22 Fable 2 (360)
October 26. Guitar Hero IV (360, Wii, PS3)
Nov 3. Wii Music (Wii)
Nov 3. Animal Crossing (Wii)
Nov 7. Gears of War 2 (360)
Nov 11. Call of Duty: World War
Nov 21. Q3 Earnings (sheds light on sales of all these big games)
I didn't even mention games such as Midnight Club, NBA 2k9, and others that will be big sellers. Paul, I suggest if you want your children to have any money in their college fund, you cover now.
In case you don't believe I sold yesterday, here is the post I posted yesterday morning saying I sold my remaining position..
Hows that for stubbornness? You think you're smarter than everyone, but the stock going down does not prove the company has problems. I bought stocks in the year or so after 9/11 where every company (except defense etc.) was crashing regardless of how business was doing or would do in the future.
You are wrong to think the market is constantly right about it's direction. I made a lot of money buying stocks that were trading on fear just like GME is now. I will be buying GME when/if it gets to 40 in the next few weeks or so as expectations will likely be blown away this shopping season.
>>Even if you see this company issue a massive warning in the coming quarters, I bet you will try to explain how the market is going it wrong. <<
Either you are being sarcastic or think I'm a total moron. Why would the company have anything to do with the "market"? If the company issued a warning of course the odds are they are right.. Sometimes I can't figure out if you know what you're talking about or not..
I have no position in GME I sold yesterday at the open my calls I bought with profit from the Jan 35s I made. I lost a bit of my profit, but my overall position is a winner.
I explained yesterday that market weakness will likely bring GME down short term, but this is a major buy at 40. There is no way this will go down to 30 during its strongest time of year. That is major wishful thinking on your part IMO. Analysts are not expecting as much as you think which is evident by Madden 09 blowing away estimates.
I sure hope are not this stubborn in the face of new 52 low being taken out...gme heading to 30. You want to fight this decline every bit of logic but your positive conviction cannot move this stock up. Why won't it?
Maybe you consider yourself much smarter than the market when it comes to this stock. I would say it is just ego/stubborness.
Even if you see this company issue a massive warning in the coming quarters, I bet you will try to explain how the market is going it wrong.
Ever heard of the dot com bubble? I promise the market does not trade on logic, GME is the opposite of the dot com bubble and if you're using REAL data not MAYBE this will happen data, you would see that.
No problem. Just don't be too logical with this stock. Logic tends to be priced in. Like I said before it will be below 20 within a year.
As for short term shorts right; look at RIMM going into earnings...a disaster waiting to happen. If RIMM plays like like I expect it to (below 100 by October), then consider my argument for protecting your long position on GME.
Good Luck....probably won't be back other than to ask for some explanations...you guys are good.
It is such a non-issue, yet it is most of the bear's biggist argument for lower sales in the future. That and other retailers joining the used game business. If that were going to happen it could have happend years ago. It is not a new concept, but it is not easy to get into or why aren't a bunch doing it?
Bears keep saying it's an easy market to enter, yet offer no explanation why others aren't doing it when they've had years to do it. One guy suggested that they were afraid publishers were going to be upset at secondary sales.. What next? The IRS showing up at a garage sale?