The only entertainment stock I am looking at right now is Activision/Blizzard for several reasons.
1. Took more of a corrective hit during the March lows with a 20% loss and it didn't even touch its long-term trendline low. I think that shows some strength and resilience compared to lets say Disney that took a 50% correction!
2. A win for the stay-at-home economy! Video Games allow children and adults to engage in a means of entertainment that is safe, affordable, and SOCIAL. Yes, it has become a social type of entertainment where you can connect with family and friends all over the world. Not to mention, it is becoming one of the biggest recognized sports.
3. Highly Addictive. Just like caffeine, sugar, salt (Warren Buffet owns a lot of Coca-Cola, I wonder why), Video Games increase dopamine levels and are HIGHLY ADDICTIVE. To the point that people cannot and will not stop playing them.
I put a limit trade in at $57.00 with a downside risk to $50.00 (where I will probably buy more if it looks bullish or wait for lower lows).
1. Took more of a corrective hit during the March lows with a 20% loss and it didn't even touch its long-term trendline low. I think that shows some strength and resilience compared to lets say Disney that took a 50% correction!
2. A win for the stay-at-home economy! Video Games allow children and adults to engage in a means of entertainment that is safe, affordable, and SOCIAL. Yes, it has become a social type of entertainment where you can connect with family and friends all over the world. Not to mention, it is becoming one of the biggest recognized sports.
3. Highly Addictive. Just like caffeine, sugar, salt (Warren Buffet owns a lot of Coca-Cola, I wonder why), Video Games increase dopamine levels and are HIGHLY ADDICTIVE. To the point that people cannot and will not stop playing them.
I put a limit trade in at $57.00 with a downside risk to $50.00 (where I will probably buy more if it looks bullish or wait for lower lows).