[Invest On] Game related market moves.

1600Points

About a month ago I decided that I would do something crazy and invest a few thousand dollars in
take-two prior to the release of Bioshock.

It turned out pretty well, I managed to buy TTWO at 13 and currently its sitting in the 17's, and I am not pretending to be some kind of investing guru, I really just went off my gut feelings about the game as a whole from playing the demo and just reading everyone elses reactions to the demo (99% positive), so does anyone else out there have solid investment success with their gaming knowledge?

also I didn't know if this fell into the realm of "video game sales" thread if so, crush my dreams and I'll remove this post.

Local H Jay

Uh, I invested a bunch in Nintendo last year in a fake stocks game for my Goverment Economics class and made an ASS LOAD of money.
So if it was real money and not school funbucks I'd be uber rich.

1600Points

I wish I had had the money at the time to invest in Nintendo before the wii release, or shortly thereafter.

Burtletoy

I looked into investing in Nintendo beofre the Wii release but since it was traded in a foreign market it made the whole process much hard to do. I couldn't just click a few buttons on a website and buy stock so I gave up basically. Too bad, it woulda been nice to be rich for a few days.

1600Points

I assume you use something like TD Ameritrade or E*Trade?

Burtletoy

I was looking into joining one of those online trading companies, but it seemed like too much effort just for one trade. I'm a college student not a stock broker so I wouldn't have put much time/money into it other than getting some nintendo stock before launch then hopefully selling it off by now. I guess I have the guy who manages my parents money doing my $7000 or so that I have invested currently, but I woulda tipped him off on nintendo if I lived in the same state.

Imperfect

Rule number goddamned one: Don't invest what you can't afford to lose. If you drop $7k on something, you best be prepared to have that $7k disappear completely and be able to wash your hands of it. If that's your life savings and whatever game you're betting on tanks (as most of them do), you're sunk.

1600Points

I think its kind of hard to say most things tank, they go down yes, but if you are at least a little bit intelligent about your investment you can stop yourself from losing it all. Enron type deals not withstanding.

Spoit

Unless the Wii and DS bubbles completely reverse direction, Nintendo is probably going to be a solid stock. Especially with all their big titles coming out in a few months.

krapst78

Bought $1700 worth of Nintendo (NTDOY) back in Jan and it's made me a nice $1400 since. Bought $2000 of EA (ERTS) in March which is also up $250. Crazy thing about Nintendo is that just when you think it'll stop going up, it'll go up again.

jothki

Nintendo stock may not be a good idea at this point. Everyone is crazy for it because of the DS and Wii, so unless Nintendo can pull something else amazing out of nowhere, the only place the stock has to go is down. It could hover around the same value for quite some time and maybe go up a little, but you're still not making much profit that way.

Then again, it seems like the stock market doesn't obey any sort of normal logic, so it might actually still keep going up.

Basically, I have no idea what I'm talking about, so ignore everything I'm saying.

LewieP

Everyone should by Nintendo stocks

in five years time.

Seriously, the stock market is fucking complex and unless you either
A) Have infomation know one else has, or
Are cleverer than everyone else in the economy

You are taking a risk.

Do not ever invest what you can't afford to loose.

1600Points

I was going to do a big write up, using Midway as a company to analyze, but I only have an hour to go in my shift. So if this thread is still alive by tommorow and people care I'll post a quick easy crash course in notable investment things to take into account.

If noone cares then I won't post it.

What I will say is what everyone else says is true, only risk what you're willing to risk.

I do want to point out however that video game analysts as a whole really don't seem to know anything more than the average gamer, the information you can get out of an analyst in regards to our industry is information in regards to SEC filings and how it may affect a company, but be confident in your ability to judge the industry that YOU are a major part of and you could find yourself on the end of solid investments.

Lave II

I'm interested, I always fancied making/losing some money this way, but no idea where to start.

It depends how little capital you can get away with starting with. I don't mind throwing away a couple hundred quid ($400) to get started - and then see how much I can turn it into over the years, but I'm not risking anymore on whats basically a game.

because lets be honest, its only one step above on-line poker...

Burtletoy

From what I hear, you may just be better off actually playing online poker if you're gonna start with $400, but like I said I don't know anything about the stock market and I have someone else managing all my funds for me.

1600Points

And so the work shift begins, if you're investing something like 400 dollars, you would be better off doing the penny stock thing in my opinion (which isn't professional).

But lets say you feel Midway has a big hit coming up (right now midway is trading at 5.2 off the top of my head) and you are willing to drop that 400 on them and they move to somewhere like 7-10 you just madeyourself some cash to reinvest.

or you could lose it all.

Xenogears of Bore

I've made tons off of Nintendo. It's probably going to go down slightly in for the next few weeks and then rocket up again by the holidays, especially after it blows by expectations. But always be fucking careful when handling stocks, you don't want to lose your shirt.