23
Apr
08

fake worlds, real money: atari edition

Atari last 5 years

This was actually a really good week for me, other than Wednesday when the investing monster (I call him Investocon) burst into my apartment, took 20 bucks out of my wallet, and ate it.

I did do something this on Tuesday that many money-savvy types are going to think was stupid; I bought Atari stock. I picked up 20 shares at $1.02 each (I’ve blown that much money on far less valuable things). Obviously, the company has fallen on some very hard times, but if you look at the graph above, five years ago, it was trading at $50! I don’t see it getting back up there, but now with video game industry golden boy Phil Harrison calling the shots, and some buzz-worthy games in the pipeline; I think Atari will be relevant again soon.

 


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