They don't have to justify it to buy or sell the stock, but if they don't want to lose money on their positions they certainly need to state why they feel the stock should be differently priced, if they don't the only info anyone else has to justify their own positions is what is posted by people who think it should be shorted.
There have been some very strong arguments made for this stock being priced at between 3-400DKP, so people should keep that in mind when taking a position with it.
Again...I don't have a position but I don't think anyone HAS to justify if they are selling or buying if they don't want to.
In a real market you don't know the motivation of other investors and their choices to buy or sell may not be influenced by the same factors as yours. They don't have to disclose to the market what their motivations are.
Again...it is the difficulty of SE that we are supposed to predict long term value yet are set up to 'compete' against each other by having us ranked. It turns the focus from value prediction to focus on moving up the leader board...many a time for the wrong reasons. (I am not claiming innocence here)
I still think this stock is overpriced as stated below, and I am not in the minority with that opinion, take a look at the other arguments besides mine in the previous days.
Honestly I don't see how a game on a console that is currently projected to sell half as many is even going to maintain 75% of it's previous sales on the previous system. This Genre has increased competition now and not everyone who bought a PS2 is willing to drop 500 bucks on a PS3 to buy this game, even if they did buy it on a previous system.
Will this game be a system seller? Probably enough to help justify a portion of 60 million PS3s sold when it currently only has about 3.5 million sold, but I don't think it will do anywhere near as well as the previous generation's did when the PS has a much larger share of the gamer market.
@pilias_simber, Just day trading! In the interest in full disclosure I took advantage of the swing-too-low. Obviously I wasn't the only one who thought 350-400 was a bit low.
Personally I believe that the strenth of Halo 3's hype is still to strong to overcome the price of the game. The MGS4 hype, while still strong, is not nearly so because of the continued rumor of a 360 port and the solid sales data of past games showing a downward sales trend.
IMO this stock is a sure thing to short because we know it will drop and stay relatively low. Halo 3 could be shorted with a concentrated effort by the top members but it would eventually rise back up.
Notice I'm also not advocating shorting FFXIII, Smash Bros, Mario Galaxy, or even the Wii stock right now. The hype for these stocks is still to high to overcome the stock price.
Actually, like Zukaus I have a TON of stocks that I have positions on with only 1-10 shares in the stock. I do this because it helps to mask where my money is.
As far as I'm concerned a person's ranking in the forum does not make their comments any more or less valid, I look at the substance of what they're saying.
IMO anyone who is buying this stock should justify it because myself and a number of people before me have laid out a number of reasons why this stock is way way overpriced.
When a stock jumps in price like that I AM going to post a comment and ask why people are suddenly buying up the stock. If I don't get a response then I feel confident that its just people not reading the comments, likely buying it because they liked the E3 trailer and I don't have to worry because I know the stock will eventually fall.
I take a long term look at stocks, but I do pay attention to sudden jumps, and in the course of about 10 minutes this stock's price rose from 350-480 with no comment to back up the price.
I see that you hold a long position on HALO 3 when we are currently projecting 12 million in sales on a machine that is currently projecting 60 million in sales (which I don't agree with but their you have it)...I take it then that you support this valuation.
So why would a prediction of 5 million MGS on a machine that is projected to sell 60 million be so off base?
Is MGS not as much a 'must have' for the PS crowd as Halo is for the MS crowd?
I don't have a position in either game...just trying to figure out if I should .
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They don't have to justify it to buy or sell the stock, but if they don't want to lose money on their positions they certainly need to state why they feel the stock should be differently priced, if they don't the only info anyone else has to justify their own positions is what is posted by people who think it should be shorted.
There have been some very strong arguments made for this stock being priced at between 3-400DKP, so people should keep that in mind when taking a position with it.