monkeyplus1

A few weeks ago, I noticed Activision (ATVI) was unusually low. I’d been used to seeing their share price in the neighborhood of $23-$24, and saw it lingering around $19-$20. They hadn’t posted earnings yet, but everywhere I look (including my living room) I see Guitar Hero III.   It’s also one of the top sellers in game stores lately.

It said BUY! all over it, while it was still low.  I cashed it in this morning at $22.50 for a nice chunk of profit.

Though it’s price is a little too high for my taste, EA Games (ERTS) is also enjoying a bump this week, up almost $4.

Lastly, I’m recommending a buy on Take Two (TTWO), though it’s a long position. Right now it’s cheap, around $15/share, because aside from Bioshock, they don’t have much on the field.  With the fanatical hype that will surround next year’s Q2 release of “Grand Theft Auto IV”,  I’m banking on seeing that rocket up to at least $20, likely higher.  They’ve shaped up quite a bit, I think they’re done bleeding from all the accounting problems they had earlier in the year, and now they’re saying they are growing, and talks of an EA buyout are unlikely.

In other news, I wasn’t in a position to buy Nintendo last year before the Wii came out (but I wanted to!), when it was still around $15 a share, the last I checked, it’s now around $77.   If I’d bought $10,000 worth this time last year, I would be looking at a profit of $41,354 right about now. Retrospective can be a bitch!  I really don’t know why they’re sitting so high right now, though, this has been a miserable year for Wii games with only a couple exceptions.  And at 480p, the Wii still looks like shit on an HDTV. That’s fucking ridiculous, inexcusable. Oh well, easy to be bitter when I’m not cashing in.