The Ahead of the Bell article quoted around a 24% increase in video game software sales... however the report at 6pm said they would be over 60%.
Any thoughts on the impact this will have on the price tomorrow?
yes very crazy market. Almost too crazy to trade. Still there is some good setups. GME last night was a good setup. Didn't see any today. I'm sure there was some out there Just didn't see any on the stocks I've been tracking.
I can't believe the UPS and DOWNS. Bought Jan 60 calls on the 11th for 2.85 and more on the 13th for 2.45, sold them today for 3.20.
Am still holding my position in the stock although I sold Dec 55's calls against it.
"at the open got hammered"
--> Dn 0.75% at open, drifts (on mediocre vol) and a low of 1.2% dn is getting hammered? We have a very different idea of getting hammered because it would take at least a 5% move for me to even start thinking a stock got a little hammered. >10% is definitely in the hammered category for me. I guess it's just your short term trading strategy.
The whole VG industry is getting a lot of positive press lately and it'll take something big to cause the sector to take a hit of any significance. "IMO"
gut was right at the open got hammered. ERTS did recover nicely other traders appeared to go thru the same thought process we did last night. Bad news then oh no it's not so bad news, then could be good news.
Those quotes were simply given to show what the author of that article said irt "his" reasoning behind RB's slow sales. I actually know that RB is available so I'm not sure exactly where he gets that. The part of his quote I agree with is him saying "this is the kind of title that can easily build momentum in December and beyond as word of mouth spreads." When you have an established franchise like GH it's to be expected that it will take at least a yr to know how a competitive product will do. The price also adds time to any acceptance time period in the same manner that PS3's price has delayed acceptance.
I said "I like ERTS for far more reasons than RB. It's still the most diversified VG company (even after ATVI/Blizzard)." because I've already discounted RB as being just a ok game for them. "If" it gets more traction it will be a bonus but I'm bullish on ERTS for bigger reasons than RB. In all reality I don't see it as a very good "trading stock" so I doubt it's a good fit for you because you don't hold stocks very long right? Personally, I've got call and put plays with expirations spread throughout the next 2 yrs as well as the stock itself.
hmm didn't know that about ubisoft and erts. thanks for the info. Still first impressions matter and the first thing I thought was ERTS was toast tommorrow. Will see if my "gut reaction" was right in about 10 hrs.
I understand Rock band was "limited supply" but I have had no problem finding Rock band in best buy, gmaestop, and online. GH3 for the xbox360 and wii is another matter sold out everywhere. Ps2 and ps3 and pc Gh3 instock but not the wii and xbox.
Rock Band has piles of them sitting on the floor. Maybe it's a price thing. Not sure but 170.00 is kind of steep for a game.
"ERTS is going to get hammered Rock Band did not crack the top ten./Does ubisoft trade on the NYSE? that seems like the surprise winner here. assasin's creed sold 1.3m. I think it trades on the CAC not sure."
--> UBI.PA and it's 2nd largest share holder "is" ERTS. Here's a quote irt Assassin's Creed: "Ubisoft's acrobatic adventure is now the fastest-selling new IP in history"
--> IRT Rock Band they said: "While some may view this as disappointing, keep in mind that initial shipments were limited, and this is the kind of title that can easily build momentum in December and beyond as word of mouth spreads."
Personally, I like ERTS for far more reasons than RB. It's still the most diversified VG company (even after ATVI/Blizzard).
A better article. Seems like we are in good shape for tomorrow.