Too focused on elections and their effect on the market this November 7th? Not Jim Cramer, who's already looking ahead with what he calls a "holiday play" that is good regardless of wins the polls. Cramer thinks that it's going to be an Activision, Inc. (NASDAQ:ATVI) Christmas. The video game company is #2 behind ERTS. The company's blowout numbers didn't affect the stock because they had already guided up. Think video games are too juvenile in which to invest? Then, says Cramer, think of them as long interactive movies. This will be a big season for video game consoles, with Sony PS3 coming out November 17 and Nintendo's Wii out on November 19. And, don't leave out the Xbox 360 from Microsoft Corporation (NASDAQ:MSFT). He has recommended GameStop Corp. (NYSE:GME) much lower, but says ATVI is the play. Tomorrow ATVI releases "Call of Duty 3," and Cramer though this will be a huge driver and it is available for Xbox 360 and PS3. The "Guitar Hero" sequel just hit store shelves today, and the "Tony Hawk" game is also quite popular.
Never the buy-and-hold type, Cramer noted that buying ATVI is "risky investing" and you should remember to sell it going into the holidays. Cramer said even though he likes management, the company has a history of "lumpy quarters." He reminded investors to use limit orders and only buy later tomorrow.
He says this is a TRIPLE NO COAL IN YOUR STOCKING BUY.
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Reader Comments (Page 1 of 1)
11-07-2006 @ 10:13PM
Blair said...
If I was interested in investing in stocks, how would I go about doing that? I'd like to invest about a grand in the ATVI or Game Stop but I'm not sure if that's enough money or even where I would go. Is it expensive? I understand there's risk involved and that's why I'm asking questions now.
11-20-2006 @ 9:20AM
Hazel Blears said...
Very good advice he gave us. It was sort of the obvious but still worth mentioning. But I think this is for a sure small gain. Since it is so obvious, you can't be too sure. So the tendency would be that people will invest a reasonable amount of money, that way you don't lose much when things don't go as you had predicted.