Blizzard ~ Going Up Or Going Down

kitty buy listA few days ago I bought stock in Blizzard-Activision. The stock has been crushed in the last month, supposedly due to the initial bad reaction and reviews of Destiny (Activision), and I would assume the cancellation of Titan is also a factor.

I know better with Destiny. I think. Destiny seems to have solid post-launch traction with the Joe and Jane console gamers, and most comments I see are surprisingly positive. So why not take a chance with an industry that I know?

The chart of Blizzard’s stock looks terrifyingly horrible, though. It bounced with the big market bounce in the last week, but it still underperformed, and it’s limping dangerously below its trend lines. I hope I don’t lose too much for comfort before the earnings announcement on 11/4.

That would be a problem.

It would be worse if the stock tanked on earnings, I sold, and then a big announcement came at Blizzcon. That would be this kitty’s luck recently. I don’t recommending pushing chips at Blizzard, but if there’s a surprise of any kind, and I think there could be, there could be big profit.

Raptr from last month shows a strong surge in Diablo 3, and Hearthstone is holding position for Blizzard to dominate the top ten most played PC games. (Destiny is not in PC.) They also have Warcraft the movie coming in 2016, but who knows.

Any opinions on Blizzard? Will they have a big announcement at Blizzcon? They already announced Hearthstone will go to mobile early next year. Hearthstone is an awesome game.

I hope dedicated U.S. kitty readers perked their ears and got some chips in during last week’s panic sell-off over Ebola, Europe, and China. You might have made 5-10% since then. Or maybe things aren’t over yet. I think money coming from Europe and Asia in off-hours has been a big factor in the rally, but I won’t bore readers any further.

This is just a little blurb that I’ve kept short on purpose. I’ve got good writing material for the weekend, including a secret sex scandal in a big upcoming RPG the kitty uncovered this week while pawing through a developer Tumblr. I hope Massively doesn’t scoop me. :3

So go Blizzard! I never thought I’d be cheering for Blizzard, but Trion is a private company. So. I’ll have reactions on Nightmare Tide when I have more of them. Today I’m a wee bit annoyed, but I’ll get over it.

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About Silverangel

https://kittykittyboomboom.wordpress.com/ View all posts by Silverangel

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