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Shanda Games Limited (GAME) Message Board

  • luckyexpress luckyexpress Aug 29, 2013 3:47 PM Flag

    today is suppose to be a happy day for GAME traders (long)

    10% price drop b/c GAME's earning beats 24 cents vs.20 cents expected.. if investors not happy with P/E = 7.5. Apparently, stock prices are not the reflection of fundamentals, but rather the manipulation by MMs to the direction as they pleased..

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    • unfortunately, this company will become a disaster short term. the truth is that, this stock has no legs to stand on with the very negative news of the buyout. shanda games is overpaying Mr. Tianqiao Chen's shanda interactive for a subsidiary. it's outright fraudulent and unfortunately, it's a china deal so there is only so much anyone can do. this stock in the short term may be heading for sub 4. the analysts who questions the distribution methods were right. game needs to use the distribution method because they overpaid for it and needs to justify the usage otherwise, they will definitely get this scam shutdown. sorry long term holders, we've all been tricked by this scam artist chairman. hopefully game can redeem itself by ridding such conflict of interest or at minimum killed that acquisition and distribute their game properly to the masses. if not, expect a very rough ride...

6.980.00(0.00%)Nov 18 3:59 PMEST