5 hours later and I can finally post a message. I have been wondering if perhaps this fiasco with the new boards were created by the lovely staff Glu fired for the failure of Katy Perry. Sure seems like it.
Each of us have received in our mail a note from Michael La Guardia. Respond to this email. Tell him this is a mistake. If we don't use the new boards Yahoo will lose ad revenues. Explain that to Michael. I told him he should have tried beta to get a feel of the designs acceptance. Meanwhile I plan to post on stocktwits. You are limited to how much you can say. Or, we can create a site. Friends did this with ZNGA to avoid the headache posters. I'll let you know if I build one. Six, watch your street cred.
Wonder if you've had an eye on CYBR. Currently over $50. There's talk of a takeover. Whether that happens or not I don't see it going over $55 a share, or 10% up. I held on to a few shares, but have no interest in buying any more. Glad you made some money with gold. Dropped today. I'm looking to pick up some more but I can be patient.
Six, where's your street cred? It should be, "It's All About The Benjamins." I agree. Action and shoot ups are the leaders. It's unfortunate Glu did such a poor job with Deer Hunter 2016. That game had a strong following. And Frank, CEO to ZNGA, is on the right course. His experience at ATVI is paying off. To think, if you bought ZNGA @ $2 you'd be up 40% today. Far better investment then Glu, currently. But as my post mentions, Glu appears to be heading for a turn around. Things are going to look very interesting for both companies come December.
Q2 earnings report is just around the corner. I will admit I've been concerned. Glu has made some money in Q2 but nothing stellar. More importantly, new games released have had problems and/or lost audiences. So, the actual numbers for revenues, I expect, will be muted. And then there's the forward guidance. Ugh. But all is not lost. One can surmise, from reading the posts on this board, Glu appears to at the apex of a turn around. The stars are beginning to line up with a promising future. Gordon is doing well. WeFire is out in bata and due for release in a couple of weeks. Jenners with great updates, if I understand on_pphire correctly. Perhaps Glu has used this time to actually figure out what was needed. Who knows, KPP is being rebuilt and may be the success it should have been. I think the forward guidance will be strong, even if de Masi gives it his typical low-ball curve.
There is a concern I have and would like opinions and strategies. There are many of us sitting on shares that are underwater. It is my belief once Glu crosses over $3, maybe $3.25, many are going to sell. Maybe not. I do believe some have been thinking once they can break even they will unload and not look back. Others may sell and buy the drop that will follow. And last, some will simply hold with expectations of the stock moving back to $7. Any thoughts on this? What are you planning?
Six, forgot to mention; as you know, I bought a few positions in gold last week. Currently up just under 10%. And, as mentioned, most of these shares are for the long. I realize gold is volatile. I anticipate swings. But I should see a good return down the road.
Well, I can agree with both of you. Perhaps my opinion is being directed by my frustration with celeb games. I would rather see the efforts spent on celeb games focused elsewhere. But, Niki and Taylor are coming. Maybe lessons learned will produce a better result. There does seem to be some confusion for me with reports concerning bugs and play-ability. I haven't played the celeb games, so I cannot render a verdict. On_pphire, on the other hand, has been playing. I feel this is important to note as we receive firsthand whether a game is fun or buggy, rather then relying completely on the postings of others. Six, good move with buying/selling Glu. Profits are always nice to collect. And Zynga could be facing a turnaround under the guidance of Frank. They have a new game that is successful and I believe Titans will also be a hit. It looks like ZNGA will cross over $3 before Glu.
It is my understanding the original developers of KPP were fired. There was a move to try and repair the damage. However, and again this is only hearsay, a new team is rebuilding the game from the ground up. Its release is yet unknown. Keep in mind, her followers were pretty angry with the flaws and bugs. It will take time to rebuild their trust.
I apologize if I am being redundant with this info.
Bloomberg released an interview with de Masi "Gordon Ramsey Could Be Biggest Hit of the Year" says CEO.
Now to cherry pick: KKH has brought in $150 mil. in 22 months. As for Gordon, the dash games attracts a female audience of around 60%. The Dash games are skilled interaction that requires a player to pay attention. Kim is not. When the interviewer asked pointedly about celeb games, de Masi only mentioned Kim and Gordon. Gordon Ramsey is very hands on and it took Glu 18 months to create and deliver it. Both Gordon and Kim are involved with continual promoting of their games. Again, this goes back to my feeling people outside the music business understand "effort" is needed to generate dollars. The Jenners are the exception. They are lazy. They simply are riding their sister's fame. I wonder if, in the long run, Gordon does better than Taylor Swift.
Six, a few years back gold was a joke to invest in. However, this year it has stabilized and beginning to slowly recover lost ground. With uncertainty in the global markets I see it as a hedge. I've been buying and selling off and on since the beginning of the year. My focus has been on gold mining over ETF's or companies that actually hold gold. Jimanderson945 has strong opinions on metals and invests in both gold and silver, focusing on the smaller miners that are volital but offer a greater return. recently I've added to my positions and plan to hold these shares for the long regardless what swings happen day to day.
Six, I was hopeful I could start a conversation on the ATVI board. There seemed to be little interest and a great deal of spam. Just wasn't worth it. This board has lighten up with the childish posts. Perhaps because school is on summer vacation. Also, it looks like Star.trader is on hiatus. Not even posting on FB anymore. Oh well...
Theirrunning, you are absolutely right. My mistake. Robert Kotick has been the CEO since the 90's and is the master of creating and promoting games. My confusion came with Zynga and its new CEO Frank Gibeau, formally with ATVI.
As for news releases I've signed up to a number of news feed that email me. GlobeNewswire sent Calling All Car Lovers! CSR Racing 2 Speeds onto iOS and Android about 3 hours ago. Globenews is a format for company press releases.
Not sure of your correlation between ATVI and Glu. Since Frank became the CEO of ATVI back in the mid 90's he has done a masterful job of growing ATVI. Each time ATVI releases a game it is a promotional circus. They know how to build anticipation. And their games are great, bug free, too. Zynga is coming around regarding self promotion and more power to them. The game sector is too crowd and each day it becomes more so. Glu can no long say nothing about its games. Gordon is promoting on Glu's site? That promoting is for a very select limited audience. Glu needs to communicate to the mass. King's Saga games are promoted online as well as TV and it draws in huge numbers. Competition dictates you must promote or be left behind.
I just don't have the confidence with celeb singers doing their DD with promoting their games. If there are to be celeb games, and I wish there weren't, they should be created around those who understand the value of the dollar like Gordon or Kim or sports players.
Both companies have released new games today. The long anticipated Gordon Ramsey by Glu, and the unanticipated CSR Racing 2 by Zynga. What I find of interest, Glu is down and Zynga is up. Glu just cannot catch a break. I will say, Zynga is self promoting. They are creating and distributing press releases created by Zynga employee Erin Smith-Cheng. I've read a number of releases by this author. On the other hand, I have missed any self promoting by Glu. Perhaps I am looking in the wrong places.
Hey, Jim, I did add to my gold holdings. Even though I thought I bought near the low Monday I did take a very minor loss. Today I'm showing a small profit. As I said, plan to hold to see where the global markets are headed.
I think it is important to mention that yes Glu makes money from the players spending money, but ad revenues are a growing part of the income. And the more popular a game is the more ad dollars are to be made. So I'm all for some kids playing with limited funds. They are helping to bring in another stream of income.
I still don't see a takeover. Not right now, anyway. First, there is Tencent. Tencent likes to partner but not own companies. They could have easily taken over ATVI but didn't. With Tencent holding such a big share of Glu other companies will be hesitant to make an offer. They may not want Tencent voicing strong opinions on how to run Glu. Also, Glu's games just aren't producing. ATVI bought King because King's games are cash cows and comes with a huge audience.
As for the stock price; I don't believe there are big investors looking to strip us of our shares. Fund managers and hedge fund managers will buy small caps for a short play just to grab a few pennies for the day. If a stock is stagnant like Glu or Zynga then they can create minor movement speculating on a few cents to the up. Once they have that they sell and move on. They are playing with millions of dollars so those few pennies begin to add up to serious dollars. I wouldn't read much into the movement of a large block buy or sale. You'll know when a ship is taking on water. all the rats run, not just a few.
And I still have optimism going into Q4. Glu just might be lifting off the bottom. Q4 should take us away from the $2's and back to a stead growth in value.
Theirrunning, no particular reason for referencing this site. I try to mix them up and not stick solely to one. But usually the info is about the same.
And kwmiller14, it is good that Frontline is out somewhere. Hopefully in beta and working out the last of the bugs. The sites I use only mention current games and future games in the US. So far, no mention of Frontline.
A site, IGN, put out its list on new games to be released. (Search: Upcoming iPhone Games.) It's not etched in stone so there will be additions and subtractions. Currently Glu has only two. Niki slated for Q2. That's been changed to Q3. And TS in Q4. No WeFire./Frontline. And absent is any mention of ZNGA. Not one game posted for this year or TBA. And All 4 Games has a number of listings.
There is a small company that has big ambitions: All 4 Games. It is a sub of Channel 4 out of the UK. Channel 4 started All 4 Games last spring. What makes this of interest, they are willing to help publish someone's created game. Help to create it and get attention for it. Many who try to publish a game have their app. ignored, or it becomes a zombie app. With All 4 Games many with ambitions to publish a game will now have that opportunity, and All 4 Games gets a cut for being the pimp. Talk about a crowded sector.