Yeah, can you believe it. The chinese? Very weird. But I don't think Bobby K would bite at anything less than 2x $25. He's intent on his own version of world domination, but it doesn't involve fireworks and child labor.
I'm sorry to hear you're out of ATVI, but in this market.....who can blame you. I mean, they're selling video games to a rapidly gentrifying country, not curing cancer.
I'll continue to hold for the short term. ATVI is my only stock that isn't in the toilet, and with the Chinese buying...who knows! Maybe the Libyans will jump in and we'll have a bidding war!!!
I have no clue why THQI, ERTS and ATVI are at
new highs. Maybe the street figures the likes
of TTWO,AKLM,THDO are going out of business
and these 3 horsemen will take their market
share. It's either that or it's a new safe
haven, were all going to go out and buy 3 new
systems for ourselfs and our kids, plus games
when Rome burns.
My thoughts are similar. I'm confused as well. I suppose you can also attribute to the X-Box, it has gotten very high profile. But don't they realize that that the market is not going to fundamentally change? It is a cyclical retail biz with a holiday buying season and high development costs for goods with short shelf lives and rapid obsolescence. Still fun stuff, but you get the point.
Good luck on the tomatoes this weekend!
-Scot |
