Jim Cramer. "GET IN THE (GAME)"
Ok Jim... You have your precious Giganto-Debt Select Med.... I got my (GAME).... Delicious shares of GAME...
Granted... I could only scrounge about $630 worth of an investment. However, I have the weekend to see if I can find more cash to throw at GAME.
Absolutely THRILLED at the price I was able to get GAME for... The thing dove 5% almost immediately after the initial spike to $13.00 once it debuted... Now the thing seems to be looking to produce an overall gain from the $12.50 initial pricing of the shares.
I *laugh* at the idiocy of people thinking 12.50 is the high end of expectations. The problem with that is what expectations?? what? How can anyone expect anything out of GAME at this time?
What I mean is they just bought a developers back in July.... This company has plenty of room to grow.... There's a major Video Game conference coming next month in China.... There's just way too many if, ands, buts, whats, what the hecks... That's the *confusion* us investors get when we dive into an IPO.
Sorta like I how bought DPS on that company's IPO and watched the shares dive into the abyss.
But, now DPS has recovered and trades well below any price I ever paid for DPS.
The thing with GAME... Is that it has obviously a solid management situation since SNDA "Shanda Interactive" is obviously a solid company that has grown itself quite nicely over the years.
This really is just a Christmas Gift SNDA just handed us NERDS today.
I'm glad to be part of the Ribbon Cutting Ceremony.