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Strategies & Market Trends : Value Investing
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To: Grantcw who wrote (35986)11/20/2009 12:43:53 AM
From: Jurgis Bekepuris  Read Replies (1) of 78611
 
CW,

I haven't seen a great transition from successful MMO 1 to successful MMO 2 yet. Everquest 2 at least did not lose money, but overall it seems that players of old game always hate the new one, while it's hard to attract a completely new crowd to Something 2. So I don't have great expectations for Ragnarok 2, though even modest success would catapult GRVY much higher.

Gravity's execution is pretty bad, including still unclarified problems with Ice Age and continued delay of Ragnarok 2. The only advantage is that they manage to milk Ragnarok 1, even though it is a very old game.

The stock is cheap, but it's not a great buy here. I'll probably keep what I have but not buy more unless it falls into 1.2-1.3 range or below. I may sell if stock gets pumped up. Usually I miss great runups in stocks similar to GRVY because I don't expect huge success and sell too early. (HRAY and KONG are great examples of where I made money, but left tons on the table.) I usually do better with companies that are long(er)-term-successful when I buy them compared to companies that are very cheap (at current assets/cash) but need to turn around or get bought out or have some significant event to multi-bag-up. :/

Good luck with GRVY and other stocks. :)
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