i know what your talking about, ive shorted this as much as i can and i know that several of the top20 are also short on this atm and yet it keeps rising.
even if the 360 had a userbase of its predicted lifetime sales of 60million when its released i think it would barely reach this figure, 20-25% of all owners would have to buy it. this game will never sell in any reasonable amounts that matter (percentage wise, 10k a month doesnt really matter when were dealing with over 10mil) past Christmas, especially not to the end of the generation so the userbase will be at best 25-30mil (by christmas). that means an attatch rate of around 50%, how can this be realisticly achieved? imo it cant.
wow nearly 13mil, whos buying this and what are your reasons behind doing so? i dont see how anyone can honestly think that this will exceed 13mil and beyond to make any sort of reasonable profit. maybe im missing something? if so please enlighten me.
which is why im going to start buying back my stock gradually when it is the right price and the barrier will stand if anyone decides to sell alot of stock.
The price has gone back to almost the same level before today's drop, so I think your "barrier" will have to wait a few more days (or is it months ?) before got released for other investment.
If you have read the comments, I don't think anybody will drive down this price anymore. Certainly not me, since I like my money.
ive set the "barrier" to 1000 dkp for the time being as thats the price im happy to pay for buying back my short positions. that way i can make a good profit quicker and my money isnt tied up for too long. i dont think that it will reach even this amount but i dont want to wait for it to go down much further.
@Mushashi, I have been wondering why your performance this month is not as good as January. So this is the culprit. 20% loss is a very big deal. It is fortunate that my investment in this stock is only 200K DKP so far, and with early warning from those "burned" person, I can avoid falling into the same mistake.
I was short on this GLS a long time , lost almost 20%. It was just hindering my performance so I quit my position, forget going against the crowd too early on any popular GLS.
Thanks for sharing your experience. After taking your input, this is how I am going to treat all those stock (GLS) : Whenever I have free money, and no future that are at the right price to buy / short, I will look at stocks, and invest in them if the price difference is significant (like 50%).
I think there will be significant movement of this stock after the first months sales data comes out (from NPD). Since that is 3 months away, I will be very careful, and try not to be overzealous.
@sagexsdx, I just noticed that a lot of the Top 10 have shorted this stock : Joe80 (rank 4), Arbiter (rank 5), pilias_simber (rank 6), laoldar (rank 10). Even with those high networth people shorting this stock, it still manage to keep on increasing. I am very afraid of this stock.
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i know what your talking about, ive shorted this as much as i can and i know that several of the top20 are also short on this atm and yet it keeps rising.
even if the 360 had a userbase of its predicted lifetime sales of 60million when its released i think it would barely reach this figure, 20-25% of all owners would have to buy it. this game will never sell in any reasonable amounts that matter (percentage wise, 10k a month doesnt really matter when were dealing with over 10mil) past Christmas, especially not to the end of the generation so the userbase will be at best 25-30mil (by christmas). that means an attatch rate of around 50%, how can this be realisticly achieved? imo it cant.