@ErikAston, this isn't a stock I have been following yet, but the general trend appears the shorters are finally directing their attention to unreleased games.
Since the automated market maker was fixed a few months ago and shorting to more realistic prices became more possible, people have focused on shorting older games that had their stock prices artificially inflated for too long. This was the easy money. Many of these games have now been delisted and capital has been freed up. People are now refocusing their attention to unrelased games that have gone unchecked for a while.
Just looking at the Mario & Sonic stock chart, this stock has basically been on a buying streak. Many unreleased games have had streaks of up days which are most likely due to low volume buying. I am suspecting that stock prices for unreleased titles will be coming down soon as shorts finally start looking at these, rather than shorting low-profile DS games and movie ports.
I don't know about this game specifically, but I do know that selling millions of copies is a rare thing; however, you would not know this from looking on the simExchange as it seems people here tend to be very optimistic about game sales in general. As people see more NPD data, I think we will become more realistic of how games sell. Few games even break 1 million unit sales.
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Since the automated market maker was fixed a few months ago and shorting to more realistic prices became more possible, people have focused on shorting older games that had their stock prices artificially inflated for too long. This was the easy money. Many of these games have now been delisted and capital has been freed up. People are now refocusing their attention to unrelased games that have gone unchecked for a while.
Just looking at the Mario & Sonic stock chart, this stock has basically been on a buying streak. Many unreleased games have had streaks of up days which are most likely due to low volume buying. I am suspecting that stock prices for unreleased titles will be coming down soon as shorts finally start looking at these, rather than shorting low-profile DS games and movie ports.
I don't know about this game specifically, but I do know that selling millions of copies is a rare thing; however, you would not know this from looking on the simExchange as it seems people here tend to be very optimistic about game sales in general. As people see more NPD data, I think we will become more realistic of how games sell. Few games even break 1 million unit sales.