Tag Archives: stocks

The Dark Lord, And General Thoughts Of Doom

owl river preview image

In this post I ramble about LotRO’s Mordor xpack, gaming stocks, the end of the world, and my personal game project (screenshot above).


Gaming Stocks


Through summer I predicted the usual summer swoon, and in recent weeks it has happened. My 15% gains in my previous investments this summer, Netease and JD.com, dwindled to near zero, then bounced this week with a feeble pulse.

This shows the all-important point of buying as low as possible – so you don’t lose faith and get knocked out on the next pullback.

I bought half back into Google on this pullback (I sold all at a peak last spring.) I added a solid bid on the ROBO ETF, which is a worldwide ETF focusing on the robotics industry. That’s right – the same robots that will soon take all of our jobs and rule the world.

I might double up Google on a major market breakdown. I hate Facebook. Facebook is moving into original content now, pitting itself against everybody else doing that, including Disney. Disney (DIS) just announced plans to pull its content from Netflix and send it to two new proprietary streaming services coming in 2019.

The main growth driver of big U.S. tech stocks in the last two years has been the cloud. Google is coming late to ramp this up, and sentiment is turning against Amazon, offering the cheap seats of the sector.

My diversified GAMR ETF is up 9% in a couple months. I’m happy with that. I don’t think it’s beating Blizzard (ATVI), but Activision Blizz is overbought. They had a great run with Hearthstone and Overwatch together, and they simply can’t keep accelerating at the same rate. Interest will inevitably dwindle.

So currently I have 25-30% of my portfolio in China, mainly by virtue of 80-100% gains in Alibaba (BABA) and Tencent (TCEHY). I have the GAMR and ROBO ETFs, and a U.S. tech-heavy index fund. My only U.S. single stocks are Home Depot (scoring a hurricane cha-ching recently up 25%), NVidia up 50% (again), and now back into Google on the pullback/consolidation. And the final entry is Stryker (SYK) up 25%.

I’m watching the TAN and XLV ETFs (solar and healthcare). For two years I’ve been watching these industries. Trump promised death to solar and death to high health care prices (as did Hillary.) No reform has happened. Both solar and health care are moving. I’m also watching Albemarle (ALB), a major Lithium producer, because solar and robots need serious battery power.

Buying ALB (and any metals/commodities) have issues because of the extremely weak dollar. The dollar could easily keep dropping due to the inability of Draghi to do anything about the soaring Euro, and China purposefully strengthening its currency in the last few weeks. Still, at some point it will reverse.

I’m also watching the quintupling of Bitcoin this year, with morbid interest. I downloaded an app to buy some mid-summer during a pullback, but it shot so fast past my buy point that I didn’t pull the trigger. There is no 100% safe, fool-proof way for me to buy these currencies. That’s the problem.

My friend is currently mining Monero and Zcash in the mountains in New Mexico. I’m also watching this with interest, because I need a second job. Or something. My current ripoff low pay is ridiculous.


Mordor


I don’t play Hearthstone anymore. I’m on the verge of not playing LotRO anymore either. I finished Mordor and capped my characters on both accounts, and was happy with the expansion experience while dual boxing.

The solo Mordor is pitiless though. I play for a bit on my Warden and just log out. The endgame grind is confusing, over-complicated, and opaque.

The LotRO devs thought it was a good idea to offer good daily rewards randomly on some days, and bad ones on other days. I logged into LotRO tonight to play, and logged out fifteen minutes later. It’s a bad day for the dailies. No key. Just kill me.

Most of the work I did in the last two zones was quickly obsolete in Mordor. Everything I did over the summer was a waste of time. This leaves me angry. The LotRO devs over-pushed obsolescence, and now I feel stupid for running this hamster wheel for them. I know it will all be pointless in a few months, except for getting into the dungeons.

That’s all I want – to play dungeons, but I’m apparently not willing to invest hundreds of hours to get ready to have fun. I’m simply not logging in.

There are also no good, likable characters in this expansion. The evil leaders in Mordor are done well, but they are not your friends. And you can’t go fight them without spending hundreds of hours solo questing for purple junk to go in their dungeons, hopefully, eventually.

And then all that work will be obsolete again. Yes, everyone knows this, but I just finished a major Wastes grind at the end of July. I’m more in the mood to say fuck you than start all over again.


End of The World


Trump has to be the Anti-Christ. 90% of everything he says is a lie. The good news is the biggest hurricane ever is currently coming after his properties in Florida. So maybe nature is fighting back.

The bad news is that he is currently campaigning to do the age-old Republican tradition of tax reform AKA lining the pockets of the rich, at the expense of all the idiots and bigots who believe Trump’s lies and support him.

It’s unlikely we will survive the next four years without major disasters. That’s just the way the karma cookie crumbles.


Tunnels And Trolls, and My Personal Project


I just downloaded the T&T app that very recently released, to my tablet. I want to study the Tunnels and Trolls solitaire adventures to learn what made them fun way back in the day.

Currently it appears to be breaking my Android tablet Wi-Fi connection whenever it tries to update. But it updated on my iPhone, and I played Naked Doom. I ate hallucinogenic mushrooms and died falling into a chasm after being bitten by vampire bats.

I have a feeling the fun is the crazy situations in which your decisions make a big difference, and the results are wild. This design is difficult in a persistent campaign-type game.

You can’t just hand out a Heroic Sword +5 in your first adventure, for fun. The many ways to achieve instant death also have to be explained in my game world where your character is designed to emerge with some treasure and experience, and go on to the next story.

Today I sold an eBook, so my thanks to whomsoever purchased it. I published my first trilogy of novels two years ago on Halloween. My bilingual school of witches and wizards is already open for visitation, but my goal is to formalize that as of Halloween this year.

I’ve moved away from Greco-Roman mythology to the relatively British flavor of islands populated by elves and fairies. I’m on the fence about using Scottish and Gaelic names, however, since I’m trying to teach modern English. I deeply regret my stupid lack of imagination in this whole novel and game development process.

I’m a super smart person, but I am not a fun person. At all. So it’s an almost hopeless challenge to channel my playful side on a daily basis and try to entertain.

Sometimes I cringe at the literary success of young, relatively undeserving people with the right luck and connections, but I can understand how they are better writers than I am with popular fiction. I was probably a more inspired writer when I was twenty years of age, but I had no idea how to write good fiction.

Nowadays I know how to write, but no one cares. Even game blogging has become a popularity contest – among makers of video content.

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LotRO Mordor Beta, Hearthstone Frozen Throne, Gaming Stock Update, Tunnels And Trolls

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Mordor Open Beta


This weekend the character model updates arrived on the LotRO beta server, and honestly they look very good. The newly aligned Standing Stone developers clearly have a mind for pushing improvements for LotRO.

Last weekend I played through the High Elf introduction on LotRO’s Mordor beta server, which involves a flashback to the Last Alliance at the end of the second age in Middle Earth.

In looks and animation, High Elf is sort of a cross between Elf and man. I found the intro sequences to be epic and entertaining, just long enough to serve the purpose, but not long enough to be boring.

Hardcore lore-monkeys and other serious-business types in the LotRO forum lambasted the High Elf production quality, however.

Some criticism, like the wet dog scraggly hair modeling, might be justified, although they have already improved that in the third beta weekend.

I thought the little story was fine. The elf does Night Elf-style dive-rolls. Most low-budget MMO’s these days don’t even have racial start areas.


Hearthstone announces Knights of the Frozen Throne


Blizzard announced Knights of the Frozen Throne yesterday. Frozen Throne might bring more deathrattle cards for my priest, which is nice.

Knights is especially exciting for players who like PvE story content in Hearthstone, because this xpack will bring that back after a year hiatus, and the discontinuation of adventures after Karazhan last year.

Also Blizz is running a promotion for the next week for double gold earned from quests. So if you’re on a break from Hearthstone, you should probably check in and knock those down for 100+ gold per quest completion.


Gaming Stocks


Last week I sold Blizzard (ATVI) at $59.50 near the recent high. Today I bought back into the GAMR ETF, as shown in the image above. After an almost $1000 gain, I was just holding too much Blizzard.

It was easier for taxes to sell it all instead of taking half off the table. Also, I do not trust the U.S. market right now, or the inflated Blizzard stock price, or the profit margins on Blizzard’s impressive eSports productions. If they are going to have a lackluster quarter, it could be this one.

Today Blizzard, EA, and TTWO saw big buying demand on a market bounce. They were well above any other stocks I track. Clearly a lot of people are eager to shove their money into video game companies.

If you’ve been wanting to get into Blizzard, today was a solid bet. Blizzard is bouncing off of the top line of a straight trend channel started last February. The MACD oversold indicator (at bottom of images) is also good.

I would rather see Blizzard break and fall down into that channel before I re-buy, i.e. around $54-55. Or I’d like to see a broad market meltdown or flash crash.

This year has been horrible for retail in general. A lot of stocks have been smashed. Food. Clothes. Now auto parts. Some of this weakness may bleed over into video games, or maybe just real estate, health care, and tech companies are devouring everyone’s lunch money.

For now, I opted for a more global diversity in my video game investment. It’s interesting that the GAMR ETF holdings do not have Blizz, EA, and TTWO in the top 10. I like that. I’m also still holding NVidia, Tencent, and Netease.

NTES was my gaming pick in my last blog post in May. It is currently up 11.47% since I purchased it. According to a chart comparison tool, NTES has outperformed Blizzard slightly during the last two months. I wouldn’t expect that to continue, but it’s nice.

I also sold Silver(SLV) for a small gain at 16.30. It’s now down to 14.73, and I’m looking at it again. The problem is that both it and the dollar are much lower, which is a big problem. It would be better to buy the dollar if it turns (symbol UUP).

Other names on my current radar are Patrick Industries (PATK) for secular need for cheap housing, a trend shaping up and good PE, PEG ratios, Autozone (AZO) for oversold due to panic over O’Reilly’s released numbers, and telecom ETF (VOX), which was picked by an analyst I like (Tom Lee), and it’s a Trump trade.

edit- Today, Monday morning, I bought a bit of JD.com (JD) at 39.90 on heavy volume against a very good stop out level at 38.40. This is a small, low-risk bet for big potential gain after a very strong last earnings report and a period of consolidation.

edit- Also,as of Tuesday the GAMR ETF now has Blizzard at #7, so apparently they are buying the current weakness.


Tunnels And Trolls App Still WIP


I checked on the T&T app this week, and apparently Metaarcade is still working on it.

They’ve put up a few updates in the last week, however, and the blog post suggests the team is fighting the 90-90 rule:

The first 90 percent of the code accounts for the first 90 percent of the development time. The remaining 10 percent of the code accounts for the other 90 percent of the development time.

Yes, that sounds about right. I’m in the same situation with my own game project, which is currently looking great. The hardest problems still need to be whipped into shape, however. My next blog post will be about that, with my first module ready for play-testing.


Gaming Stocks Continue To Rip, But U.S. Markets Look Iffy

stock chart
Gaming companies reported excellent results this spring earning season, sending Blizzard, Electronic Arts, Sony, and NVidia yet again to all-time highs. NVidia and Netease (Blizzard’s partner in China) were both up close to 5% today.

Jim Cramer discussed NVidia at length today, noting the huge movement into artificial intelligence, and that NVidia (NVDA) is really the only pure AI investment opportunity. Google is in AI, but is much more diversified. NVidia killed earnings yet again in this quarter, and I’m up 25% already, again.

At this point, however, you may be a little too late for U.S. gaming equities in general this year. The old adage is: “sell in May and go away“.

Some indicators are showing a current slow-down in the U.S., great investor complacency ($VIX), and a narrowing market (fewer big stocks keeping it afloat), in addition to the upcoming seasonal weakness. “Bad!”

There are good opportunities for gaming stocks in Asia, however, which also avoid risks of Donald Trump insanity. Big money managers like Jeffrey Gundlach are pointing to Asia (emerging markets) as well in the last few weeks.

Sony ($SNE) and Netease ($NTES) are both breaking out as of last week, as shown in the image above, so lets look at those.

The image shows two types of buyable breakouts. Sony is breaking to an all-time high past levels the stock previously was rejected. Netease is breaking out of a three-month consolidating downtrend.

In my experience, the Netease breakout is far more reliable, which is demonstrated by the much stronger move out of the bounding trend line. Netease just reported strong earnings results, so there is less risk of a bad surprise for quite a while.

On the other hand, Netease distributes Blizzard’s games in China, while Sony has the Playstation. That’s kind of better. Sony is also more diversified and doesn’t have the threat of China’s government slapping regulations, investigations, or other problems on companies, so it’s a safer bet in many other ways.

If you look at Sony’s longer term chart below, you see the same big pullbacks as Netease current has, and then the results in the following months. The pullbacks would have been better times to buy. In my past couple years of focusing on the stock market, this pattern is gold. It works almost every time. If it doesn’t, you sell again before you take a significant loss.

stock chart

Barron’s recommends Sony. The Sony P/E ratio looks high, but Baron quotes 18 on forward-looking earnings. I bought Netease a few weeks ago as my first new investment since I re-bought NVidia a few months ago.

I still don’t think it’s too late on the Netease breakout, or I would not have made this post. I worry about over-exposure to Blizzard, but I’m not ignoring the NTES chart. I’m looking for more charts like it, actually, like the current chart for silver (SLV).

The SLV chart alone isn’t enough. The USD dollar collapsed in the past week, confirming weakness and supporting price of all commodities in $USD. Copper also has extended weakness despite some miner strikes, which pressures production. Silver production is partly a byproduct of copper production.

I’m starting to wonder if computerization of market trading (the trend towards computer programs managing investment funds) is creating self-fulfilling prophecies on these patterns that make them even more reliable. After all, traditionally, artificial intelligence tends to be very predictable. So, profit?

As far as gaming, I’m still playing Hearthstone. I made rank 15 this month much earlier than usual. I’m chipping away at golden Priest and max level Rogue.

My elf school game project is coming along very nicely. I’m not satisfied with incorporating Tolkien-style elves, or some random video game-style elf race, so I’m looking more at the Nordic tradition.

Since my game teaches Spanish/English, approaching white race issues is interesting. The game protagonist would probably be the equivalent of a ‘mudblood’ in Elfland. I’m currently reading The King of Elfland’s Daughter on Project Gutenberg.


Final Super-Amazing Post, Then KKBB On Break

World of Warcraft Westfall Quest
This is my final commentary for a while, and I plan to go out with a fizzle of glory. I’ve known for a while that live streaming was going to kill written bloggers, and that’s happening. Or maybe I just suck. Let’s go to bullet points, then praise World of Warcraft writing, and lastly talk stocks.

  • Scientific American reported last month on studies of brain changes in gamers. Gamers who play fast shooter-type games are shown to get various mental benefits:
    1. Improved ability to focus on visual details.
    2. Higher sensitivity to contrasts.
    3. Better reaction time to sudden events.
    4. Better making of correct decisions under pressure.
    5. Visual search improvement.

    I have to wonder if there are any drawbacks, however, versus controls. Are these gamers developing nervous disorders, sleeping more poorly, or overeating, for example.

    Scientific American also reported on the serious health risks of poor sleep, since scientists have discovered that brains flush toxins (like beta amyloid, responsible for Alzheimers’s) mostly during sleep, through the newly discovered “glymphatic system“.

  • Korean voice actress fired. She tweeted herself wearing a shirt that said “Girls do not need a prince”. The Mary Sue observes that South Korea is a painfully repressive country with low rankings in gender equality, and where supposedly 80% of young adults want to move somewhere else.In response to the charges, the young woman said: “she is willing to take responsibility if she did anything wrong.” My reaction is the same as Mary Sue’s – …..
  • Overwatch. Kotaku reported today on the strong characterization of Overwatch’s new heal/snipe character, Ana. Ana is a complicated, deep older woman, in contrast to all the young, pretty characters more common in games. The players apparently love Ana as a character, and that’s totally awesome. That’s Blizzard.
  • Gaming Hypnosis. The dark wizard Vive has produced two new gaming files: Healslut, which gives you a sexy submissive thrill of service and pleasure for healing in video games; and Blog!, which gives you a thrill of submissive service for writing up helpful blog posts … like this one.Remember these hypnosis files are no joke. They seem to “wear off” fairly quickly, but training the brain with pleasure can have long-term subtle influences.

World of Warcraft Writing: Exemplary


This week I re-subbed to WoW, and was playing through Westfall with a Shaman to unlock the Lady Liadrin paladin hero in Hearthstone. I also ran many dungeons with my lovable Death Knight.

The blog image above is exemplary of Blizzard’s game writing, so I took a screenshot when I saw it. Here are the great techniques this MMO quest dialog employs, aside from the cute name:

  1. Sums up the story in case you forgot. This is so important, yet all RPG’s routinely ignore the fact that players start and stop the storylines – very often.
  2. Involves you, the player. You’re actually a part of this story. You feel important. You’re called by a term of endearment, a rookie. It’s the norm for the player to go through the motions like a quest drone, a one-dimensional gopher.
  3. A mystery to solve.  The writing ploy often used in some MMOs, but just as often underused.  There should always be mysteries in game worlds. There should always be a sense that you’re seeing only the tip of a vast, dark iceberg.
  4. Using named and non-named characters. Some RPG’s (and writing by George Martin) overload you with character names. Biobreak posted a short, cryptic comment on this last week.That snippet of dialog from Durance in Pillars of Eternity made a great impression on me when I saw it in-game, because it’s so true. It’s important to only use so many proper names that the reader can brain. Everyone else’s name should be a generic yet clever, subtle device to give a greater impression of the game setting, its population, and its prevailing ways and emotions.

Game Stocks


NVidia soared yet another 2.7% today, which is insane. Intel had modest results this week, but cloud results so far this earning season have been extremely strong, so maybe that’s helping NVidia. I was close to breaking down and selling Nvidia yesterday to protect ridiculous profits. I’m glad I held.

Curiously, AMD is also up over 100% in the last year, but I was impatient and sold my little speculative stake long before that happened.

My #1 mistake, by far, in the stock market is being impatient, afraid, not being confident of my picks. I would be up thousands since last year in Amazon, AT&T, and AMD, if I’d simply held onto those picks since last summer and not panicked.

Microsoft’s (MSFT) stock had goblin rocket boosters this week after showing off their cloud results, which I’ve noted a number of times on this blog as a tailwind. If you’re in MSFT, you’re golden. Unfortunately, at some point the cloud ramp-up is going to level out. Cloud margins will compress under more and more competition.

On the other hand, cloud providers have security services on their side. I thought it was so stupid last year when Wall Street analysts were talking seriously about up-and-coming internet security companies like Palo Alto and FireEye. Those companies were soaring.

Not so much anymore. It was clear to this kitty that the big cloud companies would reap the biggest profits in security services. That’s happening.

On the other hand, the HACK ETF is showing some very solid chart strength lately, so that diversified internet security play is something to look at if you like that sector for a future cyberpunk world. It’s too bad they don’t have holdings in Amazon, Microsoft, and Google, but at least Purefunds has big trading volume in that ETF, unlike in GAMR.

So I remain in Google, which is a rear-runner yet to really ramp up their cloud, despite having a strong position, and in Alibaba, which has a huge lead in China cloud.

A number of U.S. companies in the last two weeks, like Starbucks, have affirmed a very strong China this quarter, so I’m glad so far that I have a 25% weighting, but not in an ETF, since I’m afraid of the banks and insurance companies, which weigh heavily in China ETFs.

My China picks are Alibaba, China Mobile, and Tencent. I’ve looked at the Chinese solar stocks for various good reasons, like massive China pollution problems, but those companies have had issues, including some big names wanting to pull out of the U.S. market completely for some reason. The solar ETF (TAN) still seems like a solid pick that offers investment in a diversification of international companies.

On the topic of energy, due to oil prices breaking down this week and lackluster earnings results from Kinder Morgan (KMI), I sold that stock at a modest $100 profit before taxes. This paves the way for adding a sentimental favorite refining stock (VLO or TSO) if they ever turn around.

My only defensive stock now is Verizon (VZ), which was up strongly today on news that they are a likely buyer of Yahoo assets. I’m not sure it should be up on that, but I’ll take it. I’m a long term heavy user of Yahoo-owned Tumblr, so it would be nice to be invested, even if it’s business-wise something of a failure.

So that’s my final post for a while. I think my stocks are set in stone unless there is a really massive collapse in August that would force me out of the market at break even, only to start all over.

If I were to look at gaming stocks right now, I might buy Electronic Arts (EA) during a significant selloff in August. Blizzard is really short on stock “catalysts” after their Legion expansion, while EA has a bunch of releases and press coverage coming this fall.

Any August investments, however, are subject to terrifying U.S. Fed interest rate whims in September. The market went off a cliff last December when the Fed raised interest rates even a quarter point.

Gaming stocks have become a playground lately for stock traders, and the significant moves on game releases are clearly a bit silly (i.e. see: Pokemon doubling Nintendo’s stock, Sony soaring on E3 and VR, etc.) I’m tempted to sell Blizzard now and switch to EA, but I’ve learned not to sell Blizzard.

So there isn’t much to talk about now. I’ll sit on my Kitty laurels with over 300,000 total views on this blog. I’ll watch readership of my famous LotRO and Rift Newbie guides continue to dwindle into history.

Cheers, and happy gaming. Be safe, and take care of your body every day. Also consider making some investments instead of going into credit card debt. Your older, uglier self will give you a big hug.


New Compy, Pokemon Go, former EA CEO speaks on CNBC, Microsoft Good Times

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The new love of my life just arrived in Tempe 12 minutes ago, after traveling from one Chinese city to another, then to Japan, then to Indianapolis, and back to Phoenix.

She’s modest, just enough for my needs, and super-pretty, especially when back-lit. I’ll be playing in bed a lot more going forward. I’ll be playing WoW only since I’m dealing with cheap Intel integrated graphics on my first-ever laptop.

I want to unlock Lady Liadrin for Hearthstone. So, level a character to 20. I also like some of the Legion class changes, like Rift-style world events and open-tapping.  I’m actually kind of psyched for a WoW expansion for the first time since BC.  I just need a character to play it with.

My main reason for the new laptop is web programming for my game project, at the library and on the road. Analysts say the PC market is bouncing back in the second half of this year after a long decline, which is good news for PC gamers.


Pokemon Go


Everywhere I go, I see people playing Pokemon Go. Runkle wrote an excellent personal account today of the Pokemon Go experience.

CNBC analysts have been discussing the Pokemon Go phenomenon virtually all day every day this week. They are yammering about it right now, in fact.  John Riccitiello, CEO of Unity and former EA CEO was interviewed on CNBC early this morning.

Riccitello says to expect an ocean of Pokemon Go-like games, although “follow-on” games in situations like this rarely do as well, and he’s sure Nintendo will be developing this for years to come.

As of today, Pokemon Go is the most popular mobile game ever in the U.S.

I’ve said only Blizzard both understands and implements great characters, but Nintendo has clearly accomplished this feat.

Instead of streaming Hearthstone last night, pro streamer Reynad was discussing Pokemon Go characters. Blizzard’s Hearthstone characters have died into plain cards lately, flattened with familiarity, and no longer seem so alive.

Appropriately, investors are taking profits in Blizzard this week, in tandem with glaring bugs in the most recent Hearthstone patch.

Robbers in the U.S. are also taking profits from Pokemon Go players, who are showing up in remote locations with little defensive capability in their pajama pockets.


Weekly Stocks Commentary


Stocks are breaking out now, and after 18 months, I was finally there at the right time with my finger on the trigger. I’m up 3% in Tencent (TCEHY) and 6% in Kinder Morgan (KMI) after only one week, which were my blog picks in the last two weeks on technical breakouts.

Blizzard and NVidia are breaking out to new highs. The Dow and S&P are breaking out. China (MCHI) is breaking out. Dow Transports and the Russell 2000 are also looking pretty good as classic confirmations, with CSX (railroad) reporting strong results yesterday.

There is a massive shortage of available equity in the U.S. and a massive amount of cash. Interest rates are near zero. Bond yields are low.  Gold and silver have had a huge spike, and they are looking much more toppy than stocks. It looks to this kitty like supply and demand are a wind in the sails for stocks right now.

Currencies, oil, Europe financials, and world politics remain big risks. There are far too many factors to even start discussing. It’s amusing to see market nerds in interviews and on Twitter yelling certain doom and protesting because they are in bonds and precious metals, and the market turned against them.

Microsoft (MSFT) has been extremely strong this week after notching deals with Facebook and General Electric. This is a very sharp up-move, outperforming the broad market. I’m holding Google, which is out of favor right now. I have $MSFT in VOO, my one ETF holding.

Everyone is talking about Pokemon Go‘s positivity for Google (maps and supporting tech) and Nintendo, but no one is talking about Microsoft’s focus on AR from the very beginning, with its Hololens. A smashing public success of AR in Pokemon Go probably augurs well for Microsoft’s vision.

Pokemon Go can also be a boost for wireless providers like Verizon due to insane data usage.

I’d like to say I’m done playing the investment game for a while, but I have a feeling Blizzard, NVidia, or both could get slammed on any earnings disappointment on 8/2 and 8/4, so we’ll just have to see. They are only large holdings because they are large winners.