The number which I have heard thrown around for sales of the original is 600K. But I've never seen a solid source for that claim, so please don't take it as anything but rumor and hearsay.
What I can say for certain is that it sold less than 1 million, as it doesn't show up on vgchartz list of WW million-shippers.
And the sequel is just getting a "blah" sort of reaction. Nothing to make me think its going to outperform the original. Strong sell IMO.
The shorts could simply be trading with the simexchange system, not with other traders. Here it's not required for someone to sell their shares in order for you to short.
Then again, people could be dumping a short term position in the stock, initially assuming it would have risen enough to be worthwhile.
Yeah, but by shorting they are assuming that other people are selling at a loss, or else they would be losing, so someone, somewhere is selling for a loss. For GTA 360, if I remember right, it did go down for at least a day.
I assume the stock is declining because people are shorting the stock, not that they bought stock originally and are selling it at a loss (not a great strategy).
Shorting doesn't require you to own the stock. When you think a prediction is too high, you short it (selling stock you do not own with the obligation to buy it back in the future).
As discussed previously, a lot of peopel think Killzone 2 is overvalued at 1.5 million predictions. The first one didn't sell very well at all.
Some stocks, like GTAIV (Xbox 360) just skyrocketed out of the gate. It depends on the IPO. If the IPO was too high, then people are going to short the stock down.
This is becoming ridiculous. Every time I buy an IPO, it crashes after it comes out. Are people seriuosly that messed up that the sell the shares they JUST bought at a negative? I might as well just wait until a stock comes out, and crashes and buy then. IPO's are retarded
I think most ppl are really hyped outta of possibility it coming close to the CGI trailer of 2 yrs , yeah 2 million seems high when the first virtually a flop although it still was a good game but didnt even come close to the hype of "Halo Killer" that it was suppose to be and truthfully no matter how good KZ2 is it wont ever live up to the Halo's that franchise is forever in the history of gaming and will live on well past Wars IMO will story spinoffs and such
Laoldar, I agree that the IPO price is high. I think it is fueled by the hype for the game possibly from the PS3 fan club, eventhough the first one was a disaster critically (I think like a 6.9 on GameSpot).
I think the intention was to encapsulate the hype coming out of the PS3 crowd, but fortunately we can short, so this is no different from an undervalued IPO. There is a minor probability that Guerilla Games actually puts out a decent game to back the marketing buzz Sony will spend on this, in that case it may sell well.
The first one only sold about 600,000 in America and shipped less than 1 million worldwide on the PS2. The PSP sequel has only moved 150,000 units in America so far (and will be dropped off the charts come March).
So far the only news on it has been the infamous CGI trailer and the promise that the public will actually see footage of the game in July.
The price seems quite ambitious, given that basically nothing is known about the game and its predeccessors were greeted with somewhat tepid sales. It's set at over twice the sales of the original, with a much smaller install base.
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What I can say for certain is that it sold less than 1 million, as it doesn't show up on vgchartz list of WW million-shippers.
And the sequel is just getting a "blah" sort of reaction. Nothing to make me think its going to outperform the original. Strong sell IMO.