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FunCom Stock up +8.8% While Oslo Stock exchange average -6.5%
OrionMan
Member Posts: 423
I really hate to post another stock thread in this forum, because I am very much against them. I will do it anyway and blame it on the trolls that primed me earlier with this none-game related stuff. www.dn.no/finans/portal/stock-oslo
Anyway, for those that think nobody believe in FC, think again. There are few moments in history where you can see a stock exchange drop as much as 6.5% in one day. That is extremely bearish market, and it tend to tear down any company regardless of what their revenue potential is. In this market FC climbed up 8.8% today due to a surge in investor interest. We can speculate in, what the reason is? Is it that AoC numbers in Xfire has stabilized or even show some positive signs? Is it that WAR seem to cave in or at least Xfire numbers show an iterest in free fall? Or is it due to something else we are not aware of?
Comments
I think its going up because it had nowhere to go but up. Aside from that it is probably rumor that their quarterly report will be 'better than expected' . Its like the Palin Biden debate, all they did was lower the bar so low for Palin that aside from drooling on herself she was gonna beat expectations.
-Lum
Basically all you are doing is proving on haters behalf that the current worldwide financial crisis has nothing to do with game industry. I remember so many fanboys claiming it was the reason of Funcoms (still over 90%) stock drop.
Waiting for this post to be locked since there are "already posts with same subject"
On the other hand - Its astounding that a person is claiming something based on the close of day. Funcom actually went down to all time low this morning (under 4NKR) and its most likely that just like the 5-10 days before, the company is trying to buy small amount of stock for high price to make it look they are doing better than they actually are.
With that said - I personally thought Funcom was doomed when it went under 10 NKR. I still belive that there is no way out of it. Many companies will go bankrupt in the next few months and then I think small unsecsessfull gaming company will be the least of anyones worries.
It had one up day. LOL. So it went from being down 92% for the year to being down 91% for the year. The stock dropped from $55 per share to $4.50 per share and you post because it 'jumped' to $4.79?
See ya tomorrow!!!!
Hmmm.. so let me see if I got you right. You think FC went up +8.8% against a disasterous market of -6.5% because FC is going bankrupt? *Scratching head*
Hmmm.. so let me see if I got you right. You think FC went up +8.8% against a disasterous market of -6.5% because FC is going bankrupt? *Scratching head*
8.8% of its current price.... Do they teach math in America? its still down 91% from its high. Does that make sense or not?
-Lum
so what Funcom stock is up? LOL some seem to think if Funcom stock goes up OMG AoC is GETTING BTTER! Look up FUNCOM.. do a search. you will find they have more than AoC lmao.. AoC can vanish yet you will still see Funcom stock go up.. go down..
Best thing posted today. Hate these stock threads.
The people that are saying its slight rise in price today means the game must be doing better are the ones that were screaming that stock price and the game didnt have a single thing to do with one another while it was in what can only be described as HISTORIC FREE FALL.
-Lum
NOt gonna comment more on this here. I will be watching few ppl scratching their heads 2morrow if they think this is the turning point....
Its not - Nothing will save FUncom in current form. Its just a question of when - not if. AOC has failed - even the Xbox version that the game was orginaly build for (thats why the DX10 focus) is now scrapped for the time beeing.
Its game over - its that simple.
Hey lumache, why are you only Novice after 259 posts?
Yea, troll him where it hurts.. his mmorpg-forum rank!!
I guess it's hard to come up with good responses to defend AoC at this point.
Hey lumache, why are you only Novice after 259 posts?
Well because they consider being honest about a piece of crap game to be trolling and they keep taking the stars away.... Of course, they want to please their advertisers, not us man. Thats a fact thats escaped you? The real question is why, as a rabid fanboi, dont you have 5?
-Lum
Hey lumache, why are you only Novice after 259 posts?
Yea, troll him where it hurts.. his mmorpg-forum rank!!
I guess it's hard to come up with good responses to defend AoC at this point.
EXACTAMUNDO Fonzarrelli.
-Lum
Hmmm.. so let me see if I got you right. You think FC went up +8.8% against a disasterous market of -6.5% because FC is going bankrupt? *Scratching head*
So explain the 8.8% what does that mean? Did you read my earlier post? OR do you always attack peoples forum ranks when MATH becomes the topic?
8.8% up closing at 4.79 means the stock is worthless. 8.8% is based on the current selling price versus its rise. Its DOWN 90% or thereabout.... Get it? Not to mention thats KR - go do the currency exchange on that one.
Also you cant be the Cobrasolidus from the AOC forums. You have to be his little brother or just someone that has disturbing tendencies to hijack forum names.
His posts are mostly demanding of Funcom to do better and are written in clear and concise thoughts.
-Lum
Speculators calculate what they think the shares should be worth, and make their decisions based on that. In case of Funcom, if they would believe this +- 5 NOK is the correct value, they basically think the value of the company is the cash it has on the bank, and that's it. They expect the company to make 0 profit, which just shows how fucked up the company is.
If it would go any lower, just buying all the shares, then closing down the company, and putting the remaining cash in your own pocket (and probably sell their hardware), would actually be profitable.
So if they are expected to make 0 profit now, before Russia/EEurope, Asia, Xbox360,ExpansionPack and the Conan movies, what would you think the profit is 9 months from now when all this has happened. Very interesting.
So if they are expected to make 0 profit now, before Russia/EEurope, Asia, Xbox360,ExpansionPack and the Conan movies, what would you think the profit is 9 months from now when all this has happened. Very interesting.
Russia and Eastern Europe -> Bit extra revenue, but it only makes the bleeding less severe, it won't stop it.
Asia -> Don't think it will really take off in asia anyway.
Xbox360 and ExpansionPack -> Never gonna happen
Conan movie -> They'll be long dead when that one comes out.
Lets see......Funcom hit an all time low "again" today and your braging that it went up 8.86% from the day before? At 3.79 it cant go much lower. At this rate they will be paying us to take the stocks.
In all seriousness..Funcom is in deep trouble and I think most of you know it but just dont want to admit it. I dont want to see a bunch of people lose their jobs but when Funcom goes under it will teach every gaming company a lesson not to decieve its customers.
There are multiple FC stock price threads already active, I see this one closing soon.
The first sum up of this poll:
1.Investors belive AoC is acquiring new customers: 67%
2.Stable Xfire numbers: 0%
3. WAR seem to cave in and be less of an competitor than anticipated:16%
4. Positive rumors at Investor level: 17%
That might be true if the damn forum search function worked...
Hint MMORPG.com.
HINT!
Nothing says irony like spelling ideot wrong.
A lot of stocks going up or down is purely psychological. This is good news though. I am happy for them.
Best thing posted today. Hate these stock threads.
Of course you hate them. They remind you daily that your company is going bankrupt and that AoC is a huge failure.
I would hate that too.
Orion, I would hate to see your math grades on your report card.
With 800,000 boxes sold and 415,000 subscribers, Funcom lost $8 million dollars when they launched in the major markets (EU/NA). IF they launch in Russia and eastern Europe, it would be a drop in the bucket for revenues, and it would probably still be an unprofitable venture. But we don't have to worry about that, since we already heard that Poland has been cancelled and Russia hasn't been mentioned in a long time (probably going to be cancelled). You see, seperate companies have to set up the servers and run them.. and most companies see how unprofitable AOC is in NA and EU.. why would they invest a ton of money to set up the game in their markets?
Yes, Xfire is showing relatively stable numbers.. it is also showing that AOC is at about 50k subscribers. Again, the game was highly unprofitable with 400k subscribers.. you think it's going to be profitable with 50k? Xfire has had a few days this week where it's number have held steady from the week ago period.. but those numbers are still very very low. (ranked 39). It really is very similar to the stock market.. you can't get excited about small daily jumps in the stock market because overall the stock is very very low.
Ironically, Warhammer is faltering big-time.. it's subsribers are fallin at about 15% per week, yet you don't see any 'jump' in AOC subscribers, all you see is 'steady'... and again... 'steady' at 50k is not a good thing.
This is all i have to say.
http://www.marketwatch.com/news/story/video-game-stocks-oversold-analyst/story.aspx?guid=%7B900BADA4%2D0EDF%2D482E%2D804C%2DB10DED38D40C%7D&siteid=yhoof