I'm not selling now. ATVI held up well during the March meltdown.
To me, the key is whether the stock can break that $12.75-13.00 range, which seems to be a resistance level. If it can't break through that range, then selling makes sense. If it can, ATVI will be $15 by March 31, 2010.
In general I agree with Cramer's statement about the video game market not having a catalyst. The problem with his statement is there are small few catalyst and those have activisions name behind it (hero, mw2,hawk,wow)...Cramer always talks about best of breed, and this is the best of breed stock. Good analysis of sector, poor analysis of an individual company in the sector.
To compare, it is like saying stay out of tech during the launch of the iphone.
crackhead cramer also combines both hardware console & software makers into the same boat.
true, there are no new consoles so consumers aren't "forced" to upgrade hardware.
however, a stable hardware console market means a wider base of consumers for a given software title and no additional development/testing resources wasted.
no catalyst for replacement hardware purchases.
yes, xmas & COD catalyst for new hardware purchases
yes, xmas, COD, NFS, and q1 2010 releases a reason to buy.
I think there is something up between ATVI and Crammer. He seems to have something personal against the company. This is the 4th time this year I have seen him bad mouth ATVI. In one lightning round a few months ago, a caller asked him about ATVI, and Crammer could hardly bring himself to even talk about it. It struck me as very odd and convinced me not to trust him. To say yesterday that there is nothing to push this stock is idiotic. The stock is in a range of 11.40-13.00. If it goes back down there, I will buy more.
Isn't this the 2nd "don't" atvi in something like 2 months?? So we have a proven hedge fund buddy/ex-fund manager in theory teaming up with GS and PJ (or whatever their name is) all manipulating the stock down.
Use that link...we down 16% in 7 days..on manipulation..and the biggest entertainment launch in history doesn't move the stock more than 5% on over 600 million in sales in just ONE week (10 million copies sold).
Things that make you go hmmmmmmmmmm...............
How can you say sell when COD is breaking in more revenue then expected?
With that revenue over expectations will cause the Quarterly earnings to be better then expected. So what happens when ATVI crushes there quarterly earnings? The stock goes up
Easy. When he and his hedge fund buddies have a plan to "manipulate" the stock before earnings. Someone is going to make a killing with the options by expiration. Also, somebody picked up a ton of shares when it was under 11.