I think this stock is driven by sales numbers, but is constantly brough to earth by those that realize the PS3 is the tortise and the 360 the hare in the premium console race.
360 is unlikely to break 60-70 million consoles unless it can compete better with PS3 internationally (or if there is a sudden gamechanger...), hence the volatility at this level.
I've been trying to exploit this for the past few days (full disclosure) and am having trouble predicting the whims of other traders.
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I think this stock is driven by sales numbers, but is constantly brough to earth by those that realize the PS3 is the tortise and the 360 the hare in the premium console race.
360 is unlikely to break 60-70 million consoles unless it can compete better with PS3 internationally (or if there is a sudden gamechanger...), hence the volatility at this level.
I've been trying to exploit this for the past few days (full disclosure) and am having trouble predicting the whims of other traders.