I had a short on Prof. Layton. It went down, I covered it. Sorry, I personal don't see a big profit on it right know, I made my 30% already and think the price is in the right ballpark.
If you don't want to take more, it is alright, I just thought I ask (and make public who is going against this one).
No 1.5 DKP is to risky for me, sorry. It may fall in that range, but that means no profit, hell of a risk :o)
I just realized that you don't have position on "Prof. Layton" Feb 08. If you are willing to short them (at 10 DKP price point), I am willing to buy them (with my meager money).
I put the buy order at 10.02 and 10, at 10K stock each order. I can put more buy order if you wanted to :).
Please understand that I am not saying this to goad or belittle you, but just pointing out other stock that I am willing to go long on, and their price point (since I didn't want to take more on this wipeout stock).
@Just_Ben, Not really (at the current price, which mean only 40% MOS). I am testing the water on this probable opportunity (after the big sharp price decrease).
I only have 400K DKP worth of investment in this stock (and yet it still show up on my profile :D).
Previously I was short on this, but at the current price, it is interesting. BUT, since I mispredict Sonic Riders (Wii) Feb sales by 50%, I am treading cautiously on this one.
I will get onboard IF the price is, say, 1.5 DKP (and I have 70%+ Margin of Safety, which is my requirement for risky investment). Are you willing to sell them to me at that price ? :)
I think someone with high networth (or several someone with significant networth) think that this game will not sell well, probably from some channel check or something. I am not aware of any news on this game, so it is probably fact that "generally PSP games didn't sell well".
I have never seen a 50% drop in a day, unless it is during IPO. However, since I profited handsomely from it, I could not really complain :D.
Massive amount of shares traded on this stock today and a large drop, little news beyond positive reports from GDC and relatively good reviews, is there a substantial reason for the large drop in price or a general aversion to the possibility of a PSP title selling 100k copies in a single month?
I update the NA release date to FEB 12 08. Here are links to confirm that date: http://psp.ign.com/objects/882/882255.html http://www.gamestop.com/product.asp?product%5Fid=190493 http://www.gamespot.com/psp/driving/wipeoutpulse/index.html?tag=result;title;0 http://en.wikipedia.org/wiki/Wipeout_Pulse
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I had a short on Prof. Layton. It went down, I covered it. Sorry, I personal don't see a big profit on it right know, I made my 30% already and think the price is in the right ballpark.
If you don't want to take more, it is alright, I just thought I ask (and make public who is going against this one).
No 1.5 DKP is to risky for me, sorry. It may fall in that range, but that means no profit, hell of a risk :o)