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.
I think you are right. It is crowded. And many more startups are coming. There are young developers of 4 to 6 people working to produce games. They have very low overheads. Glu had the edge 4 or 5 years ago. They were mobile before mobile was cool; to paraphrase Ted Turner. Now Glu is back to being a "startup" but with a huge overhead. And right again calling retracing near the lows not good. There are games coming this fall and winter that may help stabilize and even increase Glu's value. Don't know. Time will soon tell.
On_pphire, I think you are among the few who actually play the games more than in passing. Keep us posted whether things are running smoothly, or if you discover something. A heads up on this from time to time would be helpful. Thanks.
I'm sure you'll grab a profit. And I'm still well invested. I just find better moves for the short in other companies. It is promising with the current activity around Glu. Hope this is leading to a good second half.
And it might not be your phone. Lately I've been experiencing minor problems loading and/or using Yahoo's boards.
Glu is the company retooling it for the west and will be the one to release it. I believe it is in beta with a release by the end of summer or beginning of fall. The name may change from WeFire to Frontline Commando 2. Another popular game created by Tencent will be published by Aiming in Japan. The name of this game has not yet been revealed. De Masi states that a team of dozens of people from Tencent and Glu is revising with the localization of WeFire. This gives the impression there should be no bugs. Also, WeFire has been released in Taiwan and South Korea. It is the hottest FPS game in these two markets.
Alternative fuels will not gain popularity until oil moves up. Still, FCEL continues to pick up new contracts from warehouse businesses. At this time I think oil is worth keeping on the watch list. It's going to go up. Just have to time it right. I expect a move as winter comes on, or the Mideast blows itself up.
Six, I'm glad you see opportunity with trading Glu. I'm on hold with it. Particularly now. This Brexit has sent the markets down big time. Some stocks needed a knockdown. But there are others that are dirt cheap and will see a better increase then Glu. I've just started looking around. I don't see any upside coming soon, so there's time. Did add to my gold stocks. tThis morning's buys are at break even.
All good points. We will need On_phire to weigh in on the the bugs and load times. Still, I think people outside of the music industry will work harder to attract players. But again, I'm not a fan of the celeb game section.
Good analogy with Vegas. It's why most of us have been pulling cash out. Still, it doesn't mean you can't place a bet or two. I still don't know how'll I'll play gold. I have a minor stake that I plan to hold for the long. My trading shares were sold last month. It is possible, very possible, worried investors may pile on at the opening bell driving gold stock higher. If so, one of two things will happen. Cooler heads will prevail in the afternoon and there will be a pullback with profit taking. Or, No selling. Others see the run on gold and jump in. All I'm sure of, gold won't be dropping below this point, and more than likely start its move back to $1,800. And if I'm right about its climb back up then even buying at a premium tomorrow you may see a near loss, but in the long run a profit. It's like skiing the black diamonds. A rush.
And as for the EU; it is being said the Brits were angry and wanted to express their anger. Now there is regret. Still, Spain and Italy, and even Norway are considering leaving. I think Spain votes this week. So, for another gamble; I am eyeing the Sterling/Pound. 30 year low. Will take time to recover, but if timed right could see a huge return buying and holding. What to do, what to do...
Of the celeb games Kim remains the best partner. She doesn't hesitate to promote her game. She seems very hands on. Other celebs do little if anything. Which has got me to thinking, as there is little else to think about with Glu. Kim is famous for being famous. Actually for her sex tape. Nonetheless, she has managed to develop a multi million dollar business around herself. She is very aware of how to squeezed every dollar from ventures she is in. She knows her wealth increases by working and promoting her game. And that's the rub. Excluding the bugs with the other games, no one else works at it. Katy and Britney receive royalties from there songs. A huge check rolls in every month. They seem less motivated to work with promoting. The Jenners are kids that ride on the coat tails of Kim. Much of their wealth and fame comes from Kim. I feel when they do promote it must be Kim getting them to do so.
I think Gordon will be like Kim. He realizes the purpose of self promoting. And the guy is a tireless worker. But Niki, Taylor, I don't think they will work at it. If de Masi is to continue down this road of celeb games he will need to get those celebs from places other than the music industry. Sports players would work at it. Maybe comedians? I'd like to see something based on Maury Povich and/or Jerry Springer.
Maybe someone from those women talk shows. Sharon Osbourne, Wendy Williams, and if Gordon does well maybe Rachael Ray. This would accomplish two things: Getting people who understand how to engage their fans. And, they are women. Something de Masi said he wanted to focus more on.
Anyway, what got me started was Kim's efforts and the lack from the others.
Very nice comments everyone! In the face of adversity cooler heads prevailed. I think the dark of this day will pass in a couple of weeks. Then new partnerships happen, new courses are set, and we move on. Hopefully any loss will recover by fall.