VGStockz: General Questions

Ail

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Ail on 05 February 2013

happydolphin said:

Ail said:

Easy.

NBA2k is kicking ass and taking names and so is Borderlands 2 !!!! ( remember last year we had the strike so NBA2K didnt' do as well as the NBA season started much later).

415 million$ of revenue vs 263 million$ last year.

71.4 million$ profit vs 14.1 million$.

22% of sales from old titles ( Read Dead, GTA and co) which isn't a surprise. TTWO are the only ones that are able to sell old title at a decent price far after their release...

Oh, but how did it go up after hours though?

Because they released their financial results after the market close...

PS3-Xbox360 gap : 1.5 millions and going up in PS3 favor !

PS3-Wii gap : 20 millions and going down !

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happydolphin on 05 February 2013

Ail said:

Because they release their financial results after the market close...

But don't the stocks lock when market closes? Sorry for the noobish question I'm just not sure I understand.

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Ail on 05 February 2013

happydolphin said:

Ail said:

Because they release their financial results after the market close...

But don't the stocks lock when market closes? Sorry for the noobish question I'm just not sure I understand.

There is a secondary market where you can trade stocks after the close of market.

The amount traded is a lot smaller so stocks tend to get volatile .

I've never used it but I know it's there.

Here is more information :

http://en.wikipedia.org/wiki/Extended_hours_trading

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PS3-Wii gap : 20 millions and going down !

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happydolphin on 05 February 2013

Ail said:

There is a secondary market where you can trade stocks after the close of market.

The amount traded is a lot smaller so stocks tend to get volatile but it is there.

I've never used it but I know it's there.

Interesting :) I wonder if it affects the regular market, and if it's the same stock just in two markets, and if the transactions in one market affects the other on market open.

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Ail on 05 February 2013

happydolphin said:

Ail said:

There is a secondary market where you can trade stocks after the close of market.

The amount traded is a lot smaller so stocks tend to get volatile but it is there.

I've never used it but I know it's there.

Interesting :) I wonder if it affects the regular market, and if it's the same stock just in two markets, and if the transactions in one market affects the other on market open.

There is a correlation , after hours is like an extension of the market.

The stock price at the start of the market starts close to where it left in extended hours trading.

You are trading the same stock.

Stocks will however sometime have wide variation during after hours trading as companies release financial information during that time and that can have an immediate effect on a stock price..

PS3-Xbox360 gap : 1.5 millions and going up in PS3 favor !

PS3-Wii gap : 20 millions and going down !