I imagine Buffet is sitting back, sipping a coke and laughing at all the retards out there today. I think this does nothing but provide even greater incentive for young app/tech companies out there to hit the "IPO Exit" button and get out before people realize what kind of shit they just bought/invested in.
http://dealbook.nytimes.com/2014/03/12/king-maker-of-candy-crush-game-s…
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Yup, when this fad dies there's going to be a lot of pissed off shareholders. Why the hell would people buy stock in a fad??? The is a pure hot potato trade, speculators beware
if you buy into king digital entertainment, you deserve to get burned...
This. Greater fool theory all over the place. You can analyze a security left, right, and sideways and come to the conclusion that its fair value is, say $20. That, however, doesn't mean that buying at $40 is necessarily a bad idea if it's STILL going to go to $50. There's been a ton of smart money that's either gotten burned by shorting, or missed huge opportunities by not even touching this because they've found it to be asinine. There's also been a lot of smart money that's done well by realizing that the dumb money thinks it all makes sense.
End of the day, if I was managing someone's money I wouldn't touch this frothy tech shit with a 30 ft pole. Could the party just be starting? Sure. But I'd rather have people complaining about missing out on doubling their money, than complaining about having it cut in half.
This particular company might not survive for long because it has made nearly all of its profit from one game, but its valuation is not reflective of the entire developing sector of mobile gaming and recent app offerings as an indicator of the another coming of 1999 like some have made it out to be.
What I don't get is how some people will try to find exact comparisons (in terms of sales, ratios, etc.) between 1999-2000 and now. No two bubbles are alike, and if you spend time trying figure what historically-inspired bubble will occur next, you'll miss the new one forming/blowing up right in front of you.
I think a lot of people know we're getting severely overheated now and are doing whatever they can to take as many chips off the table before things start to slide.
yup, just put in a bunch of trailing stops into most of my high flying positions...not going to give up my 80-150% winners if things turn south.
Another article you guys might find interesting
http://blogs.wsj.com/moneybeat/2014/03/11/chart-of-the-day-no-profits-n…
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