Call of Duty to buy Video Game Stocks Now
The Movie Industry was a complete disaster. CNBC was right there declaring a "TREND" was forming. People would rather RENT and buy DVDs than to spend $8 + $5 for Popcorn + $3 for Pop to go to the AMC, MJR, STAR, EMAGINE theatres.
Movie Industry was *DOOMED* *DOOMED* I tell ya!
Consumer spending and jobs were falling off a cliff since 2nd half 2008. Yet, in 2009 the Movie Industry saw a huge resurrection! Now everyone on CNBC is talking about how much money and revenues are flowing to Movie Houses for movies like "Gran Torino," "Harry Potter," "Transformers," "Ice Age" etc.
One day they are declared dead... Now they are declared to be AWASH in cash.
hmm.... Buy Low..Sell High right?
CNBC analysts want you to AVOID buying Video Game stocks as they sit in their LOW, LOW, FLAT-LINED share prices....
They want you to only BUY video game stocks after the market goes from BUST to BOOM.
What?? By then you'll be buying Video Game stocks at their HIGHs.... And what? Sit there and wait for another BUSTED year to SELL them off?
Buy High.....Sell Low..... CNBC is pure Garbage!!!
I actually smile when seeing these 29% declines year over year.... It means share prices for video game stocks should at least trade HALF THAT when we start to go into a GOOD year for the sector.
This is why Investors always look for "Turn-a-round" stories. How many articles were there thus far about telling you to buy busted company's like ETFC E*TRADE????? How many told you (F) FORD was cheap at $1.01?
How many said Buy the BANKS as they hit their lowest point back in March????
BUY LOW.... SELL HIGH..... .Works everytime it is tried.
So, why is CNBC telling you as an investor to BUY HIGH and SELL LOW when it comes to the Video Game sector?
If 2010 is to be worse than 2009....Then that just means doing more buying as share prices get even cheaper. So what....
Company's like ERTS and ATVI are so big that they can get through a recessionary period like we are in today and come out strong in the end. ATVI is the #1 publisher and is my investment.
I chose ATVI for its top quality product franchises + insanely good balance sheet.
So... JIM CRAMER (AGAIN) tells investors to AVOID (ATVI).... Lightning round?
Avoid a company with hundreds of millions of dollars in CASH on the balance sheet during a Recession in which it's share price can't break $13.00??
Gee.... Think it will break $13.00 when the Video Game industry starts to look like this year's Movie Industry?
I don't care if it's TAKE TWO you buy.... ERTS you buy.. KONAMI...CYOU (chinese Video Game stock).... NETEASE.......Whatever.. Do your research and get into the market while things are BAD!!!