I for one had a short position on this for a while but I got out as this was fairly inactive downwards and i made a killing on the July and August futures in the meantime using the money I had invested here. Other traders probably got out of this aswell hence the slow rise rather than an abrupt one. It has been due a short for a while now and that has thankfully come
VG Chartz currently has this title at about 17DKP so far. I don't know why people bid this stock up so high, but it's now probably one of the best shorting opportunities on the exchange. European Sales haven't improved much over what they were expected to be, even with the price drop. This stock should be at 50DKP AT BEST
This game is recently released in Europe for around 30 euros while originally it was slated as a full price game. I wonder if this was caused by the sales in the US and if the lower price point shows considerably higher sales in Europe than the US. If so, maybe they'll be wise enough to drop the price in the US as well and possibly kick-start sales of the game in the US.
Exactly, I think the stock is well within it's plausible range for the NPD numbers, we could short the stock more, but in all likelyhood when the numbers come out we'd be losing the money again.
@argon, Yes thats it exactly, I try to leave a decent margin in futures because if you don't you make money one day only to lose it the next when the true numbers come out.
I shorted the thing on the first day the stocks came out, and have made a KILLING on it.
@pilias_simber, What does this mean? "...but I am short on this stock and believe that it is overvalued, though not by enough I would feel comfortable shorting it."
You are Short on this stock (Present Tense). It is overvalued. You wouldn't feel comfortable shorting it (Future Tense).
It appears that you are contradicting yourself here. Could you please concisely explain?
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I for one had a short position on this for a while but I got out as this was fairly inactive downwards and i made a killing on the July and August futures in the meantime using the money I had invested here. Other traders probably got out of this aswell hence the slow rise rather than an abrupt one. It has been due a short for a while now and that has thankfully come