Jeff, great find on the Hook review of Thief. As for the stock price, I got tired of the randomness and bailed a point ago, putting the money in THQI, which I understand better from a trading perspective. I don't think the longs here have anything to worry about over the next few months, however. And I'm sure I'll be back in, as it is obvious the company is having a great quarter. (But so is AKLM, THQI, AAPL, etc. Hard for me to choose sometimes.)
As for why the stock is $15 (or $16) I have to go back to Bleeker's contention that it comes down to lack of earnings visibility/consistency. Losing a good chunk of change in the middle quarters is not very cool. It's so, so ... old school. I like THQI much better in this regard and it looks like AKLM might have made the transition to "money-making every quarter" as well. Not being listed on Zack's, etc. doesn't help either. Not enough visibility among investors.
Of course there was some worry about TR III sales, which appear to have been unfounded. But it happens. For instance, the last week or two Apple has been under short attack over perceived soft iMac sales, which is likely a bunch of bull.
Speaking of the Mac, TR II hit #3 for that platform in game sales. Also good news is that Duke Nukem is still at #10, a hell of a long time after release. I think that's the title most like TR in terms of Mac sales, so I expect TR II (and TR Gold this spring, and TR III next year) to sell for a long time to come. 50,000-100,000 copies each.
And for anyone wondering why TR wasn't #1 in November, it could be due to the late-in-the-month release.
Marc |
