| TripleMMM said: Thanks, prof00. I'm starting to think that the misinterpretation of gaming industry is also the cause (and probably the main reason) of the wild speculation. |
Just everyone thinks they're a professional now, and most people on this site know a fair bit more than the average person investing in gaming stocks, I would say. Gaming doom... People think gaming is on the way out, but only put up graphs of consoles. They ignore PC gaming, using ridiculous reasons like "it's just WoW and subscriptions". Now PC gaming has boomed in the last couple years by a huge margin thanks to indie gaming and avenues like Steam.
For instance, you look at every year of console gaming, and you see a curve going up, and then spiking with wii's big years, and then slowing. Investors say "that's it, gaming is finished", but in actuality, if you remove those huge spikes, and leave the years where wii is low in sales, the graph is still curving up, even after the spike, it's higher than before. It was an artificial boost to the industry, but people treated it like it was the new norm.
anyway, rant over. People are just incredibly dumb.
