I'm surprised the market hasn't been running away from ALL as quickly as possible. They seem deluded if they think they can build a business in these digital games IMO, and don't seem to understand the minuscule, near zero probability of producing more hits.
Why do they think games developers get a hit, milk it for a while, and then sell? The developers have seen the cemetery that is filled with dead games, and were truly surprised that they managed to get a hit, and how successful it actually was.
Good luck with your punt everybody, but I strongly suspect the odds are massively stacked against you.
Anyway - shorted today for a quickie based on AGI not going very well, and ALL having had such an incredible run recently. Will not be standing in the way of any stampede though if it turns around again.
ALL Price at posting:
$27.28 Sentiment: Sell Disclosure: Held
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