
I’m turning my stock news into a weekly feature, and hopefully post on the weekly activities of my video game stocks. If I don’t post on Friday, you can assume that I’ve lost everything and jumped out of my 32nd floor window…or that I have too much homework.
Looking back:
Let me start the first week by saying that I’m glad it’s over. Other than Tuesday, I was down every day this week. Luckily, the losses were never that great, and today’s loss $2.45 was actually the biggest of the week. Retail was down across the board, so none of this is a big surprise. Interestingly, the big boys, Microsoft and Sony, were both down on the week, and the publishers, Activision and Take-Two, both ended up.
Looking forward:
Not only does today mark the end of this week, it marks the end of this abysmal quarter. An analyst on CNBC just said this was one of the weakest quarters he’s ever seen, so I’m actually glad I bought in when I did. I feel that the market is going to slowly crawl its way back up for the rest of the year, beginning in May when the government starts sending out free money. A lot of that cash is going to be spent on games, especially the PS3. Things are looking up.
Here’s how it ended. The share numbers are how many shares I own, and the dollar amounts are how much money I have invested in them. Green means they finished the week up (yay!), and red means they finished down (boo!).
Sony (SNE) 5 Shares $203.20: Started the week at $41.50, ended at $40.53.
Microsoft (MSFT) 5 Shares $139.55: Started the week at $29.26, ended at $27.83
Activision (ATVI) 5 Sares $136.45: Started the week at $26.85, ended $27.30
Take-Two Interactive (TTWO) 5 shares $126.65: Started the week at $24.49, ended at $25.31
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