I've seen enough stocks move the opposite of how they should. Its disturbing, but usually it fixes itself. I wish I could have someone explain to me why, but God won't answer that question for some reason.
This stock is always for sale. I don't get it.
I'm overweight on my position and wish i had more to put into it but i don't, i put the last of my free cash in around $4.20 and thought that was cheap. I can't see how it doesn't go back to above $6 after KPP release.
Earnings guidance for Q4 will be light, but Q3 should be a blowout....perhaps DeMasi had not undersold in the last earnings call, we would not be dealing with sub 4 par numbers currently. I don't get this tendency to low ball future earnings. If Q4 guidance is light, I think it may be hugging the 4 level for quite a while becoming a 'show me' story with everything boiling down to KP, and if the lukewarm reviews in Beta are anything to go by, KP may not be as big a hit as KKH. Very disappointed with DH 2016, given the brand recognition that came with DH 2014, I thought it should have been a top 20 game, but seems like gluu messed up big time.
Kiran & MG - When is the update going to be released? We were all expecting something to come out last night per KiranĀ“s message here.
Am I missing a post on the update? I too was expecting something last night. I wouldn't have expected it if Kiran hadn't said they were going to provide. At this point, I'd like to see something before the market opens.
It was announced last night by Kiran in the below post tagged 'GLU-Guidance', Jeffery, check there. Someone started a 'new thread' here it seems.
Thanks Doc
Wait, I know when it was announced...I'm asking where is the actual update.
No where yet, promised last night, told to 'stand-by'.......
Hi all, The update is coming. Please stay tuned. - KP
Well I think that the sell off is waaaaaayyyyy over done. One or two for that matter 'soft' guidance quarters does not a B.K. make ! The truth of the matter is that Nicolo is building a monster with 1-BILLION potential audience targeted and the possible acquisition of a whole studio(KABAM) of power-house titles makes for a very tempting scenario to success ! Not to mention the strengthened partnership ties with Tencent. Makes the $5.9 B paid for KING look cheap for GLUU. Additionally, Nicolo took responsibility for the soft quarter and CANCELLED all bonuses for the year to execs, Bravo if you ask me. I won't be surprised to see upgrades on valuation roll out today !!!
If MG still fully stands behind gluu, why don t we now go for an 8,9 or 10 rating again. So cheap as it is now !?
Correction to my statement above, Sorry: There is NO acquisition of KABAM STUDIO's mentioned, my bad : (