Don't you mean the longs when you refer to the speculators? Viva Pinata was bid up entirely by speculation that the game would be a "sleeper hit." The results are in though, the stock is work about 30 DKP unless you plan on buying 300,000 copies yourself! =P
It's doesn't take a genius to place the slide in this stock squarely in the laps of speculators. I've tolerated it so far, but I've just about reached my breaking point. CEASE AND DECIST! Shorters, I am warning you to buy back your short shares now.
I have the cash in hand necessary to support this stock. I will not allow short sellers to profit at my expense!
Yes, this game may have missed earnings forecasts by a wide margin, but hey let's give Viva Pinata some credit here. In the anthropormorphic pinata niche, Viva Pinata has monopoly power. It's sole dominance of this niche should add at least 2 DKP to its value. :)
Orkeater, the stock is dropping "on a purpose," the first month sales were really low. In the real stock market, the stock price would've plummeted immediately because the market makers would just drop their bid and asks to 40 DKP.
@ Orkeater, this is pretty much how the real world works, except the price actually would've fallen a lot faster. Monkspider posted news 2 days ago that Viva Pinata only sold 42,000 copies in November, indicating that the game will probably top out around 300,000 copies. Since the stock price was forecasting 930,000 copies before, people sold down the stock because the game will not sell that many copies. This is similar to a company missing earnings forecasts by A LOT and the stock falling 20% or more.
I don't see this game going below 60. There are simply too many people who are in this stock. Those with a vested interest in the stock will not let it continue to slide indefinitely.
This stock is going through a huge correction. I agree with monkspider, could bottom out as low as 30. I still think word of mouth will carry this game long-term, but not to the previous forecasted 900k levels.
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