Varchild VS. Piper Jaffray in tonight's UFC 210 Title Match (ATVI)
Piper Jaffray's lowering of sales expectations is strictly in a "United States" frame of mind with little if any considerations for the impact of cost cutting manuevers that ATVI did last quarter through some layoffs and their switch to Netease for World of Warcraft.
Bobby Kotick is not seeing the same type of video game declines in the U.K. as he / we are all seeing in the United States.
In China...The Video Games market has soared with many online video game company's like CYOU seeing a quarter to quarter increase of subscribers to their online titles.
But enough talk....
ATVI is entering a 10 handle.... It is RSI below 30% which is a RED FLAG signalling ATVI share price is in the OVERSOLD Territory.
Long Term Investors of ATVI should begin to increase their stakes in this stock heading up to earnings report WHILE STILL expecting an earnings miss....or some kind of revenue disappointment.
A) ATVI still has billions of cash on the balance sheet
B) ATVI is still buying back shares... <----- Although I strongly believe they may slow this down.
C) Virginia + New Jersey elections could go the CONSERVATIVE Ideology way and with Obama putting a lot at stake to at least get 1 win out of 2.... If Obama loses BOTH that could have a huge impact against all of the liberal agenda items that are petrifying the private sector from hiring people and expanding their businesses....
Put this way.... Conservatives win in both Virginia & New Jersey next week.... This could possibly mean the jobs market gets a lift.....major lift......in 2010....in those states and perhaps others.
A massive property tax reduction is promised by Chris Christie if he wins and that's what I am looking at.... I am looking at a Video Game Sales Surge in 2010 based off the results of these 2 elections which I happen to believe could translate into job growth and a slowdown to the FEDERAL MACHINE of (Pelosi, Barney Frank, and OBAMA).
There is a lot to be optimistic out there folks....in spite of the widespread liberalism we have now.
And these kinds of things won't be seen in a Piper Jaffray Cigar.
So you can smoke what he's smokin.....or smoke what I am smokin.... choice is yours.