What's up gents - hope everyone is fully recovered from the New Year hangover and ready to get down business on the 11th. 2008 is in the books... we've made some progress, we've made some blunders, but i think we've learned a lot in a year. I also think this coming year is going to be a great year for ThetaMutal - so lets pull ourselves out of the red and into the mutha f'n black.
My stock pick for the 1st quater is Activision Blizzard (ATVI). These guys are a video game company responsible for great games like Guitar Hero, Call of Duty, World of Warcraft etc. As of now their stock is trading at 8.75 which is real close to their 52 wk low. Analysis believe the drop in their price recently has do with a combination of Best Buy (who carry a majority of their games) predicting decreased profits next quater, Circuit City declaring bankruptsy and Nintendo Wii having a very strong holiday season. I believe this recent drop is only temporary and by picking it up now - we will be getting in on it at a great price.
The bottom line is that these guys make great video games - Guitar Hero and Call of Duty are some of the best video games i've ever played. Not to mention all the PC gamer people obsessed with Warcraft. I don't really see the market for video games dying out anytime soon and as long as these guys still keep putting out great games and keep up with technology, they should profit. This may be a stretch, but if you think of the economy the way it is, people are spending more time at home instead of going out and spending money which in turn could lead to increased sales in home entertainment, like video games and big screen tvs.
So I'm proposing we get in now while its low at $8.75 and wait for it rebound to the say the $15 range then dump it for a nice profit. Sounds easy enough...
"No sympathy for the devil; keep that in mind. Buy the ticket, take the ride...and if it occasionally gets a little heavier than what you had in mind, well...maybe chalk it off to forced conscious expansion: Tune in, freak out, get beaten."
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