Shaggy the Atarian Posted April 15, 2021 Share Posted April 15, 2021 47 minutes ago, x=usr(1536) said: If that truly was the case, why didn't he do it at any point in the previous eight years that he'd been CEO? By my understanding, NFTs are only hot right now because of some recent NFT sale for millions of dollars (I won't pretend to understand what NFTs are all about, haven't read up on it). Seems a lot like a bubble, but I guess we'll see. The change in leadership is also certainly at play here, since that tends to bring positive news to a company if the previous CEO wasn't very good, but how long it lasts depends on what the new guy does. 1 Quote Link to comment Share on other sites More sharing options...
+x=usr(1536) Posted April 15, 2021 Share Posted April 15, 2021 1 hour ago, Shaggy the Atarian said: By my understanding, NFTs are only hot right now because of some recent NFT sale for millions of dollars (I won't pretend to understand what NFTs are all about, haven't read up on it). Seems a lot like a bubble, but I guess we'll see. Oh, agreed. Mainly, I was just wondering why he couldn't seem to figure it out since becoming CEO and majority stockholder. You'd think if anyone had a (literally) vested interest in seeing the company perform even if the end goal was to sell it, it would be him - but I'm not even going to try to figure that one out. 1 hour ago, Shaggy the Atarian said: The change in leadership is also certainly at play here, since that tends to bring positive news to a company if the previous CEO wasn't very good, but how long it lasts depends on what the new guy does. Absolutely. If the new guy can do better, great. The bar is pretty low on that one, though. 1 Quote Link to comment Share on other sites More sharing options...
+Stephen Posted April 16, 2021 Share Posted April 16, 2021 5 hours ago, x=usr(1536) said: If that truly was the case, why didn't he do it at any point in the previous eight years that he'd been CEO? Hey - it takes a lot of market research and trial and error to see which segment of the population to rip off and be worshiped for it. Just ask any Steve Jobs fan! 3 Quote Link to comment Share on other sites More sharing options...
Cebus Capucinis Posted April 16, 2021 Share Posted April 16, 2021 Why is the Atari stock high? One word: 1 3 Quote Link to comment Share on other sites More sharing options...
Lord Mushroom Posted April 16, 2021 Author Share Posted April 16, 2021 13 hours ago, x=usr(1536) said: If that truly was the case, why didn't he do it at any point in the previous eight years that he'd been CEO? I think he did. It was a gradual process, which has now culminated in hotels and blockchain stuff. Quote Link to comment Share on other sites More sharing options...
Lord Mushroom Posted April 16, 2021 Author Share Posted April 16, 2021 12 hours ago, Shaggy the Atarian said: (I won't pretend to understand what NFTs are all about, haven't read up on it). Seems a lot like a bubble, but I guess we'll see. From what I understand, buying an NFT gives you the right to the original of something digital, but you have no influence over the copies of that original. It is like buying an original painting, except the copies of the digital stuff are identical to the original, unlike copies of a painting. I think NFTs are ridiculous. 4 Quote Link to comment Share on other sites More sharing options...
+x=usr(1536) Posted April 16, 2021 Share Posted April 16, 2021 3 hours ago, Lord Mushroom said: I think he did. It was a gradual process, which has now culminated in hotels and blockchain stuff. Nah. The company stumbled along, generally shrinking its revenue year-to-year under Chesnais. He's not someone capable of making (let alone executing) long- or even medium-term plans; his track record bears this out. Most of the boost we're seeing now likely comes down to a change in leadership, buzzword announcements (NFTs), and noises about hotels which have yet to exist. Given Atari SA's track record of screwing up nearly everything they announce, it wouldn't surprise me if they piss off their partners in that venture to the point where said partners pull out and look elsewhere for licensing opportunities. NFTs are this year's Pogs; their relative success is likely driven mostly by COVID keeping everyone at home. Once that stops being the norm, I suspect that the bubble will burst. 3 Quote Link to comment Share on other sites More sharing options...
Lord Mushroom Posted April 16, 2021 Author Share Posted April 16, 2021 27 minutes ago, x=usr(1536) said: Nah. The company stumbled along, generally shrinking its revenue year-to-year under Chesnais. Revenue and profit has been climbing steadily (except for this covid year). See page 6: https://www.atari-investisseurs.fr/wp-content/uploads/2020/12/ATARI_InvestorPresentation_2020-12-11_DEF.pdf 29 minutes ago, x=usr(1536) said: Given Atari SA's track record of screwing up nearly everything they announce, it wouldn't surprise me if they piss off their partners in that venture to the point where said partners pull out and look elsewhere for licensing opportunities. It is unlikely they will pull out as a result of Atari meddling too much. One of Atari´s problem is that they meddle too little, not too much. 33 minutes ago, x=usr(1536) said: NFTs are this year's Pogs; their relative success is likely driven mostly by COVID keeping everyone at home. Once that stops being the norm, I suspect that the bubble will burst. I agree that NFTs are not a long term thing. It is just a quick cash grab. Luckily for Atari, it seems Frederic is well aware that the blockchain stuff is bullshit. They have already sold most of the shares they received from Animoca Brands as part of their blockchain endeavors for $1.2 million. And have stated that they will sell the rest this year. Quote Link to comment Share on other sites More sharing options...
+Stephen Posted April 16, 2021 Share Posted April 16, 2021 4 hours ago, Lord Mushroom said: From what I understand, buying an NFT gives you the right to the original of something digital, but you have no influence over the copies of that original. It is like buying an original painting, except the copies of the digital stuff are identical to the original, unlike copies of a painting. I think NFTs are ridiculous. Most retarded thing I have ever heard of. I need to start charging people for thoughts in my head. Pay me to hold something securely - I'll guarntee it can't be stolen or copied. What a concept - wonder if I can make it work? 3 Quote Link to comment Share on other sites More sharing options...
CPUWIZ Posted April 16, 2021 Share Posted April 16, 2021 Sell fast, if this is a quick money making scheme to you. I'll give you an example, our Viacom stock hit a crazy high of 100+ a couple months ago, now it's ~40. It's all about the current hype, that will quickly fade and especially for stains like "Atari". 8 Quote Link to comment Share on other sites More sharing options...
Mockduck Posted April 16, 2021 Share Posted April 16, 2021 I just think its nuts that my just for the heck of it joke investment made 200% profit in three years. Shoulda put in a lot more I guess. Only did $40 on a whim that is now worth almost $120. 1 Quote Link to comment Share on other sites More sharing options...
Lord Mushroom Posted April 16, 2021 Author Share Posted April 16, 2021 17 minutes ago, Mockduck said: I just think its nuts that my just for the heck of it joke investment made 200% profit in three years. Shoulda put in a lot more I guess. Only did $40 on a whim that is now worth almost $120. It is very easy to beat yourself up for doing something or not doing something in the stock market. Investing in Atari was risky three years ago, and it is risky now. 1 Quote Link to comment Share on other sites More sharing options...
Crazy Climber Posted April 16, 2021 Share Posted April 16, 2021 On 4/12/2021 at 7:49 AM, Lord Mushroom said: The Atari share price has gone up by 160% since March 5th. What is going on? Is it the potential future hotel royalties which are driving stock prices? Or is the VCS a bigger success than expected? If both, is it 50/50 or 80/20 or whatever? yeah, 160% of a stock worth (under a dollar) isn't saying much. For instance...160% increase of 10 cents would be what...26 cents? 3 Quote Link to comment Share on other sites More sharing options...
zzip Posted April 16, 2021 Share Posted April 16, 2021 49 minutes ago, Crazy Climber said: yeah, 160% of a stock worth (under a dollar) isn't saying much. For instance...160% increase of 10 cents would be what...26 cents? 160% return is 160% return for investors, doesn't matter what the underlying price is. 8 hours ago, Lord Mushroom said: From what I understand, buying an NFT gives you the right to the original of something digital, but you have no influence over the copies of that original. It is like buying an original painting, except the copies of the digital stuff are identical to the original, unlike copies of a painting. I think NFTs are ridiculous. Well keep in mind that every significant new tech and concept in the internet age sounded riduculous to people at first but yet turned out to be viable. I remember back in the 90s business people dismissing the Internet as more or less a foolish pastime, saying "nobody has figured out how to make money from it!" Then came the dotcoms-- then they went bust, but then they came back with viable business models this time. There are also things like crowdsourcing, crowdfunding and crypto curriencies that many thought were ridiculous, and some still do, but they have made people money So even though the NFT concept sounds crazy and I'm a bit skeptical, past history has taught me that I shouldn't completely write it off. 1 Quote Link to comment Share on other sites More sharing options...
CPUWIZ Posted April 16, 2021 Share Posted April 16, 2021 22 minutes ago, zzip said: 160% return is 160% return for investors, doesn't matter what the underlying price is. No, but it matters how many you buy. Who gives a rats over 40 dollars? Which is probably why he invested 40 dollars and not 4K. 3 Quote Link to comment Share on other sites More sharing options...
zzip Posted April 16, 2021 Share Posted April 16, 2021 1 minute ago, CPUWIZ said: No, but it matters how many you buy. Who gives a rats over 40 dollars? Which is probably why he invested 40 dollars and not 4K. of course. I did the same thing with Apple, bought a little bit back in 2002 after I read a convincing case for why the stock was undervalued. Turns out that was a good call, and it made many many times what I invested. Had I put a decent amount of cash into it instead of a small "lets see what happens" type investment, I'd probably be rich and retired now. That's how it goes. a 4K investment would still earn 160%. I was reacting to the idea of "well it's a penny stock so the rise doesn't matter". The profits you earn from a rise inpenny stocks is just is real as the profits you earn from an S&P 500 stock 2 Quote Link to comment Share on other sites More sharing options...
Draxxon Posted April 16, 2021 Share Posted April 16, 2021 (edited) I'm no expert, but... everything video game related is wild right now. I have a sealed mario 3, supposedly worth thousands and thousands, that i paid five dollars for just a few years ago. none of it makes any sense to me. inflation? millions of idiots with more dollars than sense right now? who knows. Edited April 16, 2021 by Draxxon 3 Quote Link to comment Share on other sites More sharing options...
zzip Posted April 16, 2021 Share Posted April 16, 2021 1 minute ago, Draxxon said: I'm no expert, but... everything video game related is wild right now. I have a sealed mario 3, supposedly worth thousands and thousands, that i paid five dollars for years ago. none of it makes any sense to me. inflation? millions of idiots with more dollars than sense right now? who knows. My theory is COVID has put people into two camps: 1) people whose job has been hurt or eliminated by COVID and are struggling 2) people who have kept working, but COVID lockdowns make it harder to spend money like they used to, and on top of that they are getting govt stimulus checks. So these people are now swimming in extra cash. Also all this extra time spent at home means they are now dabbling in hobbies that maybe they didn't have time for before. So if I'm right, prices will return to normal as things reopen and life starts to get back to normal.. So if you want to sell, sell now. 3 Quote Link to comment Share on other sites More sharing options...
Draxxon Posted April 16, 2021 Share Posted April 16, 2021 (edited) I would agree with that. Also, in my example, Heritage Auctions and WATA colluded to buy that 1st Mario bros at an ignorant price. I feel like that kicked off all this high priced goofiness. Now people want 1000s for sealed DS games. Its so stupid. I feel like Atari Stocks are just an extension of this fad, but again, I'm no wall street expert by any stretch. I also have to wonder if people are buying atari stocks because they heard about gamestop stocks in the news. It has to be the dumb masses with their stimulus and tax returns. Edited April 16, 2021 by Draxxon Quote Link to comment Share on other sites More sharing options...
zzip Posted April 16, 2021 Share Posted April 16, 2021 17 minutes ago, Draxxon said: I also have to wonder if people are buying atari stocks because they heard about gamestop stocks in the news. Gamestop was purposely run up by online activists to stick it to the hedge funds. I don't think that's what is happening with Atari SA, or at least I haven't heard that is going on. 1 Quote Link to comment Share on other sites More sharing options...
Draxxon Posted April 16, 2021 Share Posted April 16, 2021 (edited) I realize that, and i dont think its reddit doing it either. again, I dont think the dumb masses even understand hedge funds. it's just another video game stock to them. I would be curious to see if other video game companies stocks are going up as well. (but, not curious enough to google it.) Edited April 16, 2021 by Draxxon Quote Link to comment Share on other sites More sharing options...
toiletunes Posted April 17, 2021 Share Posted April 17, 2021 The value of a stock is determined when you sell it. Until then, the price is meaningless. 5 Quote Link to comment Share on other sites More sharing options...
Cebus Capucinis Posted April 17, 2021 Share Posted April 17, 2021 4 hours ago, toiletunes said: The value of a stock is determined when you sell it. Until then, the price is meaningless. And you can't have a seller without a buyer, so "everyone" saying "I'D HAVE MADE $17 MILLION IF I'D JUST OWNED $3.5" is assuming someone else is stupid enough to buy $17 million in inherently worthless Speakerhat stock at this time. 2 1 Quote Link to comment Share on other sites More sharing options...
+x=usr(1536) Posted April 17, 2021 Share Posted April 17, 2021 41 minutes ago, Cebus Capucinis said: And you can't have a seller without a buyer, so "everyone" saying "I'D HAVE MADE $17 MILLION IF I'D JUST OWNED $3.5" is assuming someone else is stupid enough to buy $3.5 million in inherently worthless Speakerhat stock at this time. As an illustration of the above: If the stock in the company that I worked for between 1999 and 2001 had vested in 2003 as planned, I could have walked out with somewhere in the region of $40M or so. Then the dot-bomb hit, and my stock was worth less than zero because the company went tits-up in early 2001. Annoying, too, because they'd been around for a decade at that point. To be fair, there was bad advice given to executive management by a person who is generally believed to have basically sabotaged the company, but that's neither here nor there. Back to the point: does this mean that I was once worth $40M? Nope. I was no more worth $40M than anyone who bought Fauxtari stock on a whim and realised that if they'd only put in $40,000 instead of $40, they might have actually accomplished something. Footnote: I still have one of the stock certificates from that company. I bought it on eBay for $5 shipped a few years ago as a novelty. 4 Quote Link to comment Share on other sites More sharing options...
Cebus Capucinis Posted April 17, 2021 Share Posted April 17, 2021 3 hours ago, x=usr(1536) said: As an illustration of the above: If the stock in the company that I worked for between 1999 and 2001 had vested in 2003 as planned, I could have walked out with somewhere in the region of $40M or so. Then the dot-bomb hit, and my stock was worth less than zero because the company went tits-up in early 2001. Annoying, too, because they'd been around for a decade at that point. To be fair, there was bad advice given to executive management by a person who is generally believed to have basically sabotaged the company, but that's neither here nor there. Back to the point: does this mean that I was once worth $40M? Nope. I was no more worth $40M than anyone who bought Fauxtari stock on a whim and realised that if they'd only put in $40,000 instead of $40, they might have actually accomplished something. Footnote: I still have one of the stock certificates from that company. I bought it on eBay for $5 shipped a few years ago as a novelty. Sounds like you're "howling with rage" there. 2 Quote Link to comment Share on other sites More sharing options...
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