Well - to be honest I see a huge potential in here to keep the stocks up until the GTA VI is released in few years from now. The hype during the first trailer will be enormous.
I know it's crashing, but the longterm profits from this ETF will be enormous and are inevitable. Get comfortable and prepare for a wild bull run, as the world will slowly run of all other options to produce cheap and clean energy.
Yet another very disappoiting launch this year - The ''Definitive Edition'' I mean. Recent year wasn't good for the gaming companies. I will still keep the TTWO shares though since the remaster was cheap to make, outsourced and shouldn't affect the financial results negatively, IMO it sold decently enough to pay for itself.
Sub 120 - that unfortunately confirms my fears that someone is dumping the company. Shorts expire around 15th December, so that's when I would expect "the trend" to finally reverse. I wouldn't panic too much - the company's health is still fine. We'll unfortunately have to wait until 2022 for a bull market to finally begin.
According to the Youtubers who already played the game Far Cry 6 may actually not be a good game... It's not even available on Steam. I don't know what's Ubisoft doing...
Well it seems bonkers now, but I'm talking about 5-10 year perspective. And yeah - EU can ban plastic straws, so why not limiting online computer games for kids when it gets out of hand like in China. It's not as crazy as you may think :)I can imagine a situation where multiple scientific papers start to prove the negative long term effects of games on kids and with the entire media slowly chrunching on it with wide anti-advertisement campaigns to "stop children from wasting their lives on games", "gaming can cause a lose of job" etc. It's only unbelievable until it actually happens :)Until Chinese laws were implemented I always considered gaming sector to be safe investment for the future.
Well - there's a longterm risk of more regulations and anti-advertisement for games and gaming. If the EU and the USA impose similar regulations to China it may ****the entire gaming sector. So it's not just a post-COVID correction anymore. I'm beginning to fear that in 10 years gaming industry can end up like the tobacco industry in the 90s.
Well... these dumps may be the result of China's war on gaming. Maybe I'm wrong and the entire gaming sector will collapse. If the EU and the USA impose the same regulations for gaming as China. The gaming sector may end up like the tobbaco industry in the 90s - with more and more regulations and anti-advertising: "Your kids can waste their live by playing games" etc. Maybe I'm just panicking, but it doesn't look good so far.
I bought many gaming companies in August and closed my remaining shorts on some gaming stocks, but I feel I was too hasty. In this case I still believe in new Grand Theft Auto title in 2023 or 2024. I will wait.
I expect 250 by the end of the year with the 600-1100 range being the ultimate, fundamental target during this bull run. I probably won't hold it that long though. We shall see. Today was the great beginning of that run though :) +18.62% in one day. Just wow.