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Lord Mushroom

Why is the Atari stock so high?

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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?

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If I was to guess...    They've released news about NFTs which seems like the new hot thing

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Call me old fashioned, but every time I hear about something starting with "crypto", my mind switches off and puts a "scam" label on it. To some extent it's probably an unfair generalization but I'm quite happy with it as it is.

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6 minutes ago, zzip said:

If I was to guess...    They've released news about NFTs which seems like the new hot thing

Maybe, I personally am thinking it is the hotel thingy. In March they got more hotel deals where they are guaranteed an additional $3,5 million plus 5% of revenue. If the hotel company is willing to pay $3,5 million, no matter what happens, that suggests they expect high revenue.

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4 minutes ago, Lord Mushroom said:

Maybe, I personally am thinking it is the hotel thingy. In March they got more hotel deals where they are guaranteed an additional $3,5 million plus 5% of revenue. If the hotel company is willing to pay $3,5 million, no matter what happens, that suggests they expect high revenue.

It might be, but their stock price has nearly tripled since March 5.   I don't think 3.5 mil is going to triple their revenue?   So this run seems speculative.   Probably a combination of both

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18 minutes ago, youxia said:

Call me old fashioned, but every time I hear about something starting with "crypto", my mind switches off and puts a "scam" label on it.

I am the same way.

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7 minutes ago, zzip said:

 

It might be, but their stock price has nearly tripled since March 5.   I don't think 3.5 mil is going to triple their revenue? 

No, the $3,5 million itself doesn´t make much of a difference. But expecting to get 5% of a very high annual revenue (like $200+ million) that would justify such a jump in share price. And the hotel company wouldn´t pay $3,5 million unless they expected a high revenue. I have no idea what kind of revenue hotels generate, though.

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I'm thinking that, for enthusiasts...

"Activision" coming back to life almost even surpasses the VCS itself coming back to life, and possibly lends some credibility to the overall idea, associated or not.

Don't have a clue, the new VCS isn't even on my radar yet, tho I couldn't imagine not eventually getting one, but I really think the Audacity news kicked EVERYTHING into overdrive, as far as enthusiasm.

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I think we all want to see the Atari brand survive in some way or another.  I’m glad their stock is going up!  Personally I enjoy the VCS, and I’m really curious to see where this hotel idea goes.  It could potentially make the company a LOT of money if it is a success. 

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13 hours ago, Rogerpoco said:

I'm thinking that, for enthusiasts...

"Activision" coming back to life almost even surpasses the VCS itself coming back to life, and possibly lends some credibility to the overall idea, associated or not.

Don't have a clue, the new VCS isn't even on my radar yet, tho I couldn't imagine not eventually getting one, but I really think the Audacity news kicked EVERYTHING into overdrive, as far as enthusiasm.

I didn´t know about Audacity. I can see why it would get hardcore fans excited, but I don´t think it had any significant effect on the Atari stock.

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15 hours ago, youxia said:

Call me old fashioned, but every time I hear about something starting with "crypto", my mind switches off and puts a "scam" label on it. To some extent it's probably an unfair generalization but I'm quite happy with it as it is.

What pisses me off is how the term "crypto" has been hijacked by NFT / Blockchain Currency asshats.  It's been shorthand for 'cryptography' for decades; there's no way these gobshites didn't go for deliberate confusion when using that word to refer to their speculative markets.

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Posted (edited)
3 hours ago, Nathan Strum said:

So... it's nearly a dollar then. Is that when it's no longer considered a penny stock?

That used to be the definition, and in my opinion that is the best definition, but now it is defined as any stock priced below $5. So Atari still has a long way to go. But that figure is in Euros, so by the old definition Atari is no longer a penny stock.

Edited by Lord Mushroom

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13 hours ago, AlecRob said:

I think we all want to see the Atari brand survive in some way or another.  I’m glad their stock is going up!  Personally I enjoy the VCS, and I’m really curious to see where this hotel idea goes.

As long as they are doing something (worth doing) in the field of games/consoles/computer, I wish them all the best. I am not so fond of cryptcocurrency, hats with speakers and non-fungible tokens, though. I don´t know what to think about the casino stuff yet. 

 

But video game themed hotels sound great. 

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3 hours ago, x=usr(1536) said:

What pisses me off is how the term "crypto" has been hijacked by NFT / Blockchain Currency asshats.  It's been shorthand for 'cryptography' for decades; there's no way these gobshites didn't go for deliberate confusion when using that word to refer to their speculative markets.

I seem to recall that in the beginning bitcoin people had some noble ideas about it being an alternative, untraceable currency (ultimately a good thing), hence "crypto", but I doubt anybody remebers or cares about it now (kind of like with the idea that internet was supposed to be free and open...). When people lose their minds over using gaming cards to "mine" for digital fool's gold, or pay millions of US$ for a bunch of .jpgs you know it's all back to "normal" ;)

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1 hour ago, Mockduck said:

Neat! My just cuz $40 in Atari stock is worth $115 today.

You could almost buy half a VCS with that!

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On 4/12/2021 at 12:02 PM, Rogerpoco said:

I'm thinking that, for enthusiasts...

"Activision" coming back to life almost even surpasses the VCS itself coming back to life, and possibly lends some credibility to the overall idea, associated or not.

Don't have a clue, the new VCS isn't even on my radar yet, tho I couldn't imagine not eventually getting one, but I really think the Audacity news kicked EVERYTHING into overdrive, as far as enthusiasm.

 

Audacity is not Activision. David Crane is doing more to alienate other programmers from our friendly community right now than attract them. Did Audacity they make a really neat game? They sure did. Are they putting down others saying that they are less than cause they are only homebrewers which makes them less professional? Your damn right they did. And when you boil it on down what Audacity is doing is exactly what so many others have done for many years. They are not some great second coming with an all new flavor coming back from days of old as they present themselves to be. As far as quality goes, Albert has been doing that much and more for close to 20 years and so have a good number of others. They are at a smaller scale than Albert but the thing is Albert doesn't go around saying that those others are doing something less than he is cause Albert isn't a douche. 

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On 4/12/2021 at 3:34 PM, zzip said:

If I was to guess...    They've released news about NFTs which seems like the new hot thing

I have been googling a little, and it seems Atari has become a semi meme stock after it was announced they are launching a cryptocurrency casino in "Vegas City", a district in the Ethereum-based Decentraland virtual world. And NFTs are a part of that. So it is (mainly) the blockchain stuff which has been driving the stock up.

 

Say what you want about Frederic Chesnais, but he sure knows/knew how to squeeze money out of the Atari brand.  

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7 hours ago, Lord Mushroom said:

Say what you want about Frederic Chesnais, but he sure knows/knew how to squeeze money out of the Atari brand.  

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?

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