Looking at the sales figures for the week ending June 3rd in America this game is now down to 9577 sales a week with total sales of 104812. It has seen a steady decline of around 25% per week over the past four weeks. At its current rate of sales it would take around 50 weeks to make the forecast of 580000, add in the 25% reduction of sales each week (which will level off eventually) this stock is looking very over valued. As said in previous posts.
Shorting stocks like this is the best way to reduce there predicated forecast. But im not convinced enough people are aware of the mechanics involved in shorting. It would be beneficial for Anyone who has a bit of time and knows of a game that they think is overvalued, Do some working out with the figures and post it under the game, so those who don’t have the time or resource to make decisions based on figures and opinions not just opinions.
Spider-Man 3 for the Wii is selling much, much lower than the PS3 version. This game has a higher stock value than the PS3 version, but the PS3 version has sold twice as much!
This game has sold a little over 20k in its second week. In comparison, the PS3 version sold twice as much during the same week! The game is likely to drop next week in sales and follow the usual trail of diminishing sales per week. This game is priced at 594k lifetime. The PS3 version will have to struggle to make its current price. How can a version that sells less than half make its current quota? This game has no long tail and has poor review scores.
40DKP would be a much fairer price point for this stock in order to reach its goal.
For UK, Spider-Man 3 (Wii) sales accounted for 10% of total Spider-Man 3 sales on all platforms (360, PS2, Wii, DS) in UK.
For comparison, in the US, Spider-Man 3 (Wii) accounted for 10% of total Spider-Man 3 sales on all platforms (360, PS2, Wii, DS, PS3). The DS and PS3 numbers are from VGCharts as NPD has not release sales figures for those version (yet?).
However, as the PS3 version hasn't launched yet Europe, it may be unfair to use it in a comparison. If PS3 sales figures for the US aren't included in the total sales figure for Spider-Man 3, then Spider-Man 3 (Wii) accounts for 13% of total Spider-Man 3 sales on all platforms.
Sorry if I confused you with all these percentages. The important thing to note is that Spider-Man (Wii) isn't doing much better in the UK than it is the US.
Also, the Spider-Man 3 games were released on the 4th of May in the US. This means they were avaliable for purchase for a grand total of TWO days in the "April" NPD period, perhaps even just one depending if the dates are inclusive or not. We should refrain from using the word month to describe these two days. It gives people the wrong impression.
In the US, it starts at 9th place at 39,741 copies. Interestingly, though the PS3 has a smaller customer base in America, the PS3 version sold twice as much the first week.
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Shorting stocks like this is the best way to reduce there predicated forecast. But im not convinced enough people are aware of the mechanics involved in shorting.
It would be beneficial for Anyone who has a bit of time and knows of a game that they think is overvalued, Do some working out with the figures and post it under the game, so those who don’t have the time or resource to make decisions based on figures and opinions not just opinions.