John Schappert, Corporate Vice President of Xbox Live software and services, yesterday stated in Microsoft's Games Developer Conference keynote that the much touted GTA IV downloadable content would be coming to the Xbox 360 this autumn.
The problem is we’ve been fed the kool-aid, and everyone has decided that IV is the second coming of III. If we lived in a land of magical fairies who granted our wishes that would be spectacular. But reality has to hit at some point, and I’m betting on April 29th there are going to be a lot of people who stroll down the streets of Liberty City once again and think: "Hey, this seems familiar. Like I’ve done this in a lower resolution at some point."
tbh i can only imagine its people buying back stock for the time being after theyve shorted it thats keeping this price afloat as im sure theres no one with any major money buying this to long as its widely considered overvalued and there cant be as many newer traders buying it based on hype and misinformation that would be needed to keep it at these levels with all thhe people shorting it.
For the past two months, I moved to be heavily invested in lifetime stocks...I dumped millions into certain ones (over 8 million in the case of GTA4) to try and nudge the price in one direction. However, it failed miserably, and I've lost about 20% of my portfolio's value and I'm still trying to stop the bleeding.
To maximize your return on short position, it would be better to wait for this to reach the probable higher price before taking a position. Every time I have tried taking short position on popular GLS, it has always resulted in losses, even if I think I am correct in longterm pricing. I am losing on all my current GLS short positions currently too. Maybe I should follow my own advice more :)
Besides, I'm still slowly pulling out of my position in the stock (at my peak, I had over 8.1 million DKP in shorts) as I try to re-organize my portfolio. Unfortunately, that will cause some price spikes.
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