Hey guys. Any of you know how to download the conference call for the earnings report?
For the life of me i cant seem to get that damn thing to either download or stream.
Cheers
Im also suprised that the stock prices havnt tumbled yet. We had a worse result than last quarter, and the response to that release was pretty immediate.
Any ideas why investors arnt selling up in anticipation for the likely poor report coming in Feb?
Major professional investors don't panic and sell as soon as they lose a few bucks. Many actually buy more when the price drops. It's about long term. Many of those guys been in it since 2009 and prior. And some of those people are actually still way ahead from when they first started. Many pay attention to business news, trends, past trends, future projections, other professionals, and stuff before making a decision. Right now, it's in "hold" status. Long term is talking about 5-10 years and beyond.
Then you have some people in it for the short term. Flippers. They probably already sold before they lost money while they are still on top. These guys watch stocks by the minutes live feed usually, and buy and sell with the swings by the hour.
Then you have your amateurs, they sell when they lose money panic and sell and end up losing money. then try to rebuy when the price go up and end up further in the hole.
Right now for some trying to get in, many people wait for the prices to get low then they buy anticipating an upswing in a few quarters.
All stock charts look like roller coaster to experienced stock buyer it's normality. To a newbie, panic sets in and they end up prematurely selling.
Apple stocks also recently dropped a couple of quarters ago even though the new iphone came out and sold like hot cakes.. I think they went up since then. Now those people that got scared and sold, lost out of potential gains. The old investors didn't bother or bought more.
Walmart had a few bad quarters this year too. Facebook (didn't even stay at it's projected opening price for even a day when it went public but still worth billions and still making more money than it was prior to it going public), ATT, GM even though they had record sells), Microsoft, it happen. Experienced stocker expect the less experienced to sell and drive the price down a bit so they can buy.
Remember it's like COH market. Buy low sell high.
When a company is doing truly bad, it usually can be seen from miles away if one know what to look for, which is another skill a lot of amateur stockers don't know how to spot. Usually by then, a straight nose dive, not the usual up and downs, nose dives are spotted. That is sure sign that people are hopping ship and usually there are also a lot of news and red flags even in business publications long before that that says, "Heads up this company is going down."
A friend of mine said it was expected with the drop because NCSOFT isn't really realizing nay games, and with the new consoles coming out and new games getting it in for Christmas season, sales will be lower next quarter report.
Remember stock prices alone are not the heart beat of how well a company is doing. There are many factors to get a good pulse. Stock prices is more like trying to judge a pulse by pressing on the gallbladder.
Plus majority of the stockholders probably never played COX and some probably never heard of it beyond in a financial report. Even here, majority us, actual players, probably don't or never had ncsoft stock even when COX was alive. Thus their decision probably have nothing to do with the plight of COX. Or what they say. But I'm trying to do my part in changing that but don't have much to present that would reach them on their level and mindset. Like I said the heart warming stuff, that is cool, but these stock holders are mostly business and wouldn't give their own mother $10 if it look like bad investment. Not to mention the language barrier of those that control majority of the stuff and power.
Nexon in 2012 bought 685 million shares worth of NCSOFT stock. That only put them at a little over 14%, the largest single entity owner. Kim owns about 10%, 9% are treasury shares, rest are others. For a sense of how large NCSOFT is.