36 new mobile games in the pipeline and new mobile platform
As if Million Arthur wasn't making enough, with 1 million downloads the first day in China, there are now 36 new mobile games in Shanda's pipeline. Shanda has done a wonderful job executing this transition from focusing almost exclusively on PC based MMORPGs, to building a strong mobile games platform.
If you look at the chart of any stock that has gone up consistently over the last 10 years, including Apple and Netflix, both of which shot up from single digits into the hundreds, you'll see a jagged line trending upwards, with days of green and days of red. It's the nature of the market. You always have buyers and sellers, those who buy and hold for the long term, those who sell short and buy back a day later, etc.
Plus, as good as a stock is, you're always going to have people cashing out to buy another stock, purchase real estate, retirees who are forced to withdraw yearly, etc. Those who buy stocks based on sound fundamentals and don't panic almost always win long term.
However, A stock like GAME - like most Chinese Internet gaming companies and portals- is always going to be more volatile than Starbucks or Boeing.