wall street keeps blathering the same meaningless nonsense about trading strategies. once again, apple will blow out the doubters at the next conference call. i am fine with apple buying back more shares at a lower price. if the street is betting that apple will fall after the wwdc, then my guess is that it actually starts the next rise. bet against the crowd mentality to make money.
the problem i have with znga as a stock is that they are targeting the traditional video game genres with their games. as a result, they have to compete against console games and companies like EA and Activision. i really like that king is targeting the casual demo and females that were not video game players in the past. i think the development bar in the casual games is much easier to hit than with those traditional console players. i much prefer king and even gluu. king has card games on their royalgames site, so i cant imagine they are not going to be releasing card/casino games. just a matter of time.
if not today,then Monday.
rather than increasing his stake in gluu, the ceo cashes out his options and sells the stock. should be telling shareholders what he thinks of the stock price.
isnt it a bit embarrassing for zynga when king launches a new word game and moves past words with friends in the first 2 days (grossing charts for word games)? let's see how long it takes king to move alphabetty to the #1 word game position. any guesses? maybe a week or two max?
what happens when king introduces titles in genres like casino and card games where there are 7 of the top 30 grossing titles? oh, yea, they move to the top of the charts.
the player network over at king is the best player network in the industry and just waiting for more games to push to the top of the charts.
and the p/e ratio of king is 8. let me know when you want to wake up wall street.
right now, alphabetty is #8 grossing word game. that is insanely good for a couple days in. will it be the #1 grossing word game within a week? this just speaks to the power of the king digital network of players and marketing. other games like words with friends by zynga have been there for a long time and alphabetty has already passed it by. which company should have a rising stock price? zynga or king? which company has a p/e ratio of 8 and which has a p/e of 27? wall street is plain dumb.
if king can launch alphabetty to the #1 position in word games that quickly, think what they can do with a title in a genre that has more upside potential. the top word game is WordBrain, which only ranks in the top 55 grossing titles. king just needs to launch titles in the card/casino area, where there are 7 titles in the top 30 grossing games.
bottom line. over the next year, king will prove that it can launch titles into the top position of many more genres. that will destroy the argument that king can only make hit games in the match genre.
this is wall street. a bunch of traders that rely on lies and fear to try to make a buck. instead of investing in great companies. there are so many overvalued companies out there and apple is not even close to being overvalued. it is ridiculously cheap. let's just get past wwdc and look forward to another blow-out quarter for apple.
let's see if alphabetty continues to hold in top downloads for a while. if it does, i think it will rise up the grossing charts very nicely. but the lag in moving up the grossing charts is creating temporary weakness in the stock. since this is a non-match type game, the king players will just take a little longer to get into it and start spending king gold bars.
which means that it is temporary. these type of traders will flip their positions quickly once the stock turns up. i guess the news that no apple tv will be announced had leaked out over the past week and that has created some pressure.
i am wondering if the conversion to king gold bars will slow the rise of a new game in grossing charts initially, since players can use existing gold bar credits until they run out? not sure if there is any validity to this, but if so, it might take a little longer to move up the grossing charts than previous launch titles.
the market is going to be looking to see if the game stays in the top downloads and if it can start to climb the grossing charts. those are the 2 key factors. does it have long legs and does it monetize? i think from all the great user reviews it definitely does a good job of user engagement. so how big is the market size and can they turn it into revenues? the market is going to start to get some of those answers within the coming week.
whenever everyone thinks something will happen, the opposite happens. apple stock has been under pressure because some people already knew they would not be announcing an apple tv at the developer conference. i think apple stock moves up after the wwdc, after that trade fails to materialize.
apple might have always fallen after wwdc in the past. largely because there was no new product news that led would generate revenues. this year we have the apple tv services. and alot more new products, like apple pay, apple watch, etc where they can showcase the software platforms being developed.
wrong. past years had no products with new revenue streams. this year has new apple TV with streaming service and app store revenues from gaming. only question is how far along the whole TV service is. also apple streaming music service. and there will probably be more about the expanding tentacles of apple software in healthcare, autos, payments, etc.