Showing posts with label ERTS. Show all posts
Showing posts with label ERTS. Show all posts
Tuesday, June 17, 2008
Funny TTWO/ERTS article
I got a good laugh out of this article (Electronic Arts Can't Be This Stupid?!) and agree with it 100%. I think this deal could be the worst thing that could happen to Take-Two if it goes through.
Wednesday, May 7, 2008
TTWO - GTA4 tops $500 million in first week sales
That's what I've been talking about for months when you could still buy TTWO at 13.
The price held steady because people already expected this to be huge, but I don't think anyone expected this to be that huge. The previous record for an entertainment release was Pirates of the Carribean which brought in around $400 million. That beats the previous record by 25%. I don't think the entertainment industry has figured this stuff out yet, but gaming is huge. Looking at the $2 billion dollar offer from EA to buy TTWO last month I start to wonder what people would think of a $2 billion dollar offer for Universal Pictures? I know they are much more diversified than TTWO or EA, but do the math and it doesn't take long to figure out that TTWO is going to be worth a lot more than it currently is.
"Grand Theft Auto" first week sales top $500 million.
The price held steady because people already expected this to be huge, but I don't think anyone expected this to be that huge. The previous record for an entertainment release was Pirates of the Carribean which brought in around $400 million. That beats the previous record by 25%. I don't think the entertainment industry has figured this stuff out yet, but gaming is huge. Looking at the $2 billion dollar offer from EA to buy TTWO last month I start to wonder what people would think of a $2 billion dollar offer for Universal Pictures? I know they are much more diversified than TTWO or EA, but do the math and it doesn't take long to figure out that TTWO is going to be worth a lot more than it currently is.
Friday, April 18, 2008
On Vacation
I'm on vacation next week and will not be posting. I'm very happy with where my holdings stand right now so I'm not worried. I have one stop in on GE just in case it decides to tank any more. I've got 9.5% of my account in cash which I would like to do something with, but I'm not sure where to put it. There has been a ton of trading in my account over the past month which is competely abnormal so I'm looking forward to letting this stuff ride again for a while.
SNE did some nice movement today on news that video game sales are up. I can't wait till people start figuring out that the PS3 is really going to be the platform of choice soon. This article sumarizes the console game industry right now and I like the quote.
Doubling sales from a year ago is just the inflection point where the curve points upwards and doesn't stop. SNE looks very close to crossing the 50 day moving average at which point I will buy some more. It is currently 5.3% of my account and I'm willing to take it up to 10% when it crosses the moving average. As I write this I guess that price is around 44 and I could place a limit order at that price to buy another 3%. I may do that before I leave on vacation.
The TTWO and ERTS thing is still playing out and I'm glad I'm holding it and hope ERTS doesn't win the bid. Lowering the price doesn't make any sense to me, but if they want it they need to pay more. This would be like Yahoo trying to buy Google when it was really starting to ramp up. They could almost aford it and should have paid a big premium, but a few years down the road it was a completely different story. This is how it will play out if ERTS doesn't win the buyout.
Otherwize, my account is sitting at +1.5% for the year which is good seeing that GE tanked this week and the market has been volitile. I was +2% and -2% this week so my account is swinging wildly as usual. Par for the course. You have to remember, I am diversified elsewhere and this is an agressive account.
SNE did some nice movement today on news that video game sales are up. I can't wait till people start figuring out that the PS3 is really going to be the platform of choice soon. This article sumarizes the console game industry right now and I like the quote.
PS3 sales doubled from a year earlier, and Sony said new and upcoming games such as its "Gran Turismo 5 Prologue" racing game and Konami's (9766.T) "Metal Gear Solid 4" stealth action title would drive sales in the coming months.
Doubling sales from a year ago is just the inflection point where the curve points upwards and doesn't stop. SNE looks very close to crossing the 50 day moving average at which point I will buy some more. It is currently 5.3% of my account and I'm willing to take it up to 10% when it crosses the moving average. As I write this I guess that price is around 44 and I could place a limit order at that price to buy another 3%. I may do that before I leave on vacation.
The TTWO and ERTS thing is still playing out and I'm glad I'm holding it and hope ERTS doesn't win the bid. Lowering the price doesn't make any sense to me, but if they want it they need to pay more. This would be like Yahoo trying to buy Google when it was really starting to ramp up. They could almost aford it and should have paid a big premium, but a few years down the road it was a completely different story. This is how it will play out if ERTS doesn't win the buyout.
Otherwize, my account is sitting at +1.5% for the year which is good seeing that GE tanked this week and the market has been volitile. I was +2% and -2% this week so my account is swinging wildly as usual. Par for the course. You have to remember, I am diversified elsewhere and this is an agressive account.
Wednesday, April 9, 2008
Market seeing red
The market has seen red for two days now and my account is back at even for the year. Am I changing anything? No, but I am eyeing more Sony (SNE) since it dropped back down to just over 40, but I told myself not to pick up any more until it crosses the 50 day moving average.
Why so much interest in Sony since it's at a two year low and under so much downward pressure? As I said before, the Blue-Ray win and the PS3 will finally start taking off. The biggest boost will be from Grand Theft Auto IV which will ship on April 29th. This is the first huge blockbuster title that will only be available on XBox360 and PS3. Meaning that if you want to play it, you need one or the other. Plenty of people have waited out the console war and want to play this game when it launches (me included) and I don't think the XBox360 is attractive any longer as a console. At least not to gamers like me. The fact that the PS3 also gets you into the next gen DVD (XBox 360 puts you in the HDDVD/betamax camp) is a huge incentive. I expect this single game to drive a lot of PS3 sales. You still have 20 more days to start accumulating SNE.
I was holding ERTS (Electronic Arts) for most of last year and finally sold it. I almost made some money on it if I just wouldn't have held it so long and taken my own advice and sold it in early January. I still think they have a lot of issues in moving forward. I just hope the TTWO deal doesn't go through because I want to reap the benefits of GTA4 sales, not have it lost on some red ERTS balance sheet. The longer TTWO is able to delay the ERTS take over attempt the better.
Also, AMD didn't go down today and remained steady. That tells me that it bottomed and at some point they'll get their groove back on and start selling some chips. To me, holding stocks that sit at their bottom is a lot better than holding something expensive that has a lot more capability to go down. It's sort of like stashing your money in the mattress, but at least it doesn't go down in value. Sometimes all I hope for is that things don't go down!
Why so much interest in Sony since it's at a two year low and under so much downward pressure? As I said before, the Blue-Ray win and the PS3 will finally start taking off. The biggest boost will be from Grand Theft Auto IV which will ship on April 29th. This is the first huge blockbuster title that will only be available on XBox360 and PS3. Meaning that if you want to play it, you need one or the other. Plenty of people have waited out the console war and want to play this game when it launches (me included) and I don't think the XBox360 is attractive any longer as a console. At least not to gamers like me. The fact that the PS3 also gets you into the next gen DVD (XBox 360 puts you in the HDDVD/betamax camp) is a huge incentive. I expect this single game to drive a lot of PS3 sales. You still have 20 more days to start accumulating SNE.
I was holding ERTS (Electronic Arts) for most of last year and finally sold it. I almost made some money on it if I just wouldn't have held it so long and taken my own advice and sold it in early January. I still think they have a lot of issues in moving forward. I just hope the TTWO deal doesn't go through because I want to reap the benefits of GTA4 sales, not have it lost on some red ERTS balance sheet. The longer TTWO is able to delay the ERTS take over attempt the better.
Also, AMD didn't go down today and remained steady. That tells me that it bottomed and at some point they'll get their groove back on and start selling some chips. To me, holding stocks that sit at their bottom is a lot better than holding something expensive that has a lot more capability to go down. It's sort of like stashing your money in the mattress, but at least it doesn't go down in value. Sometimes all I hope for is that things don't go down!
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