There are two factors that will keep this stock afloat. I stand by my quote...sort of. This stock will go below 60...but it won't stay there.
1. Newtbaron doesn't have to order people to buy back their shares. The very nature of short selling dictates that people must eventually buyback their shares from the market. The precipitous drop in this games stock price indicates that more than a few people are making money by shorting this stock. It wouldn't be too much of an overstimation to say that there are, at a minimum 50,000 shares being sold short. When those sellers rush back in, the price will zoom up. Someone is gonna make alot of money playing chicken with the shorts.
2. Got two words for you: Red Steel. Red Steel has probably received the worst reviews of any game on the simexchange with the exception of Superman. It's current DKP is 56 something. Does anyone really expect this game to sell less than Red Steel? This game will bottom out in the mid to high fifties, the shorters will get scared, and then the price will zoom back up and settle in the low 60s.
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1. Newtbaron doesn't have to order people to buy back their shares. The very nature of short selling dictates that people must eventually buyback their shares from the market. The precipitous drop in this games stock price indicates that more than a few people are making money by shorting this stock. It wouldn't be too much of an overstimation to say that there are, at a minimum 50,000 shares being sold short. When those sellers rush back in, the price will zoom up. Someone is gonna make alot of money playing chicken with the shorts.
2. Got two words for you: Red Steel. Red Steel has probably received the worst reviews of any game on the simexchange with the exception of Superman. It's current DKP is 56 something. Does anyone really expect this game to sell less than Red Steel? This game will bottom out in the mid to high fifties, the shorters will get scared, and then the price will zoom back up and settle in the low 60s.