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Forums - Sales - amazing chance to buy low priced gaming stocks?

Some of the worst performing stocks this year are in video game makers, even the ones that had huge profits not long ago like Nintendo are losing it.  The only company that was doing OK is activision blizzard, and even they are down 7% so far this year.   To make money in the stock market you need to go against the grain, see what others don't see.  You don't buy a company because it is good, but because it is undervalued by the market.  With that said there are many companies at or near 52 year lows right now.  

Nintendo is at 112 right now, used to be at 600 on the high in 08.

Take two is at 10, used to be at 27.

EA is at 12.44, used to be over 60

Sony is at 13.18, down 75% from 2008.  They have a lot of other problems though.

Activision Blizzard is at 11.44, it is down from 2008 but has flattened since then. 

Gamestop is down to 17.83, down from over 60.

Hell even zynga is hitting new 52 weeks lows.

All of these stocks except activision are really close to 52 week lows, and right before new generations start seems to be the time to buy stocks.  

Personally Take Two and Nintendo look good to me.  I think it would be a good idea to wait until the end of the summer.  Perhaps when August NPD comes out and people think the gaming market has died and you can pick up these companies at dirt cheap prices.  What do you guys think?  You see any diamonds in the rough?



currently playing: Skyward Sword, Mario Sunshine, Xenoblade Chronicles X

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I've been told it's a bad idea to invest in the products you love. If I was going to invest in a tech company it would probably be Facebook or Google. I have no love for either and they both look to have strong futures.



kain_kusanagi said:
I've been told it's a bad idea to invest in the products you love. If I was going to invest in a tech company it would probably be Facebook or Google. I have no love for either and they both look to have strong futures.

Facebook? I heard their stock was way down as well.

Google is pretty safe



bobgamez said:
kain_kusanagi said:
I've been told it's a bad idea to invest in the products you love. If I was going to invest in a tech company it would probably be Facebook or Google. I have no love for either and they both look to have strong futures.

Facebook? I heard their stock was way down as well.

Google is pretty safe


unless you got a lot of money you won't be buying google...and the nintendo stock that was quoted is a different stock than the other one they have availble that is at 14.15 right now




Thanks for sharing.



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Depending on what MS reveals in LA on monday/today they could be a good company to invest in. (Although, the announcement is probably not going to be about video gaming)



bobgamez said:
kain_kusanagi said:
I've been told it's a bad idea to invest in the products you love. If I was going to invest in a tech company it would probably be Facebook or Google. I have no love for either and they both look to have strong futures.

Facebook? I heard their stock was way down as well.

Google is pretty safe


Stock goes up and down. If I was a trader I wouldn't be a daily trader I'd be in it for the long run. Facebook may have droped since going public, but it could go huge. There was a time when Apple nearly went out of business, everyone who bought stock back then would have been happy after the iPod hit the market.



Take two....



kowenicki said:
kain_kusanagi said:
bobgamez said:
kain_kusanagi said:
I've been told it's a bad idea to invest in the products you love. If I was going to invest in a tech company it would probably be Facebook or Google. I have no love for either and they both look to have strong futures.

Facebook? I heard their stock was way down as well.

Google is pretty safe


Stock goes up and down. If I was a trader I wouldn't be a daily trader I'd be in it for the long run. Facebook may have droped since going public, but it could go huge. There was a time when Apple nearly went out of business, everyone who bought stock back then would have been happy after the iPod hit the market.


Apple has always had a tangible value... Facebook will never have one, its all based on hopes and wishes.

I don't really use facebook, but the people who do use it all day long. Just wait until Facebook starts monotising it's service and adds a premium paid membership. There are a lot of ways Facebook could generate untold riches.

But like all stock it's a gamble. I don't gamble and that's why I don't trade. But if I was a gambling man I think there's more money to make in the stock game with Facebook than Apple. You have to get in when it's cheap before it maxes out.



kowenicki said:
kain_kusanagi said:
bobgamez said:
kain_kusanagi said:
I've been told it's a bad idea to invest in the products you love. If I was going to invest in a tech company it would probably be Facebook or Google. I have no love for either and they both look to have strong futures.

Facebook? I heard their stock was way down as well.

Google is pretty safe


Stock goes up and down. If I was a trader I wouldn't be a daily trader I'd be in it for the long run. Facebook may have droped since going public, but it could go huge. There was a time when Apple nearly went out of business, everyone who bought stock back then would have been happy after the iPod hit the market.


Apple has always had a tangible value... Facebook will never have one, its all based on hopes and wishes.


Exactly, you'd have to be quite a fool to invest in Facebook. Reality is clear and it's not the value it was floated at. There really is no genuine potential there moving forward. It's got all the customers it's going to get.

 

 

With the other companies, I dunno...Was thinking Sony might be an interesting one to look at but there's even some talk of parts of the company being sold off or even a complete collapse in the next few years so, not so sure.

 

In terms of the rest, well, again they are all big gambles because their value can be made or broken with a few bad releases.

 

Might be better off just going down the bookmakers and "investing" on a horse.