iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,466 Blog Posts

NEWS FROM THE ORIENT

Apparently, China is letting The Devil into its country. They lifted a 14 year ban on video game consoles yesterday, which paves the way for Sony and MSFT to infect that country with their cancerous machines.

On the surface, one would think this is great news. But Sony doesn’t think so. Therefore, I can’t get excited.

The chinese prefer free web based games, which is why stocks like QIHU, SFUN, YY and PWRD have done so well.

Nevertheless, one might presume SNE could, eventually, benefit from this, and by extension, IMMR.

IMMR has been brutalized ever since a certain bearish hedge fund manager, who happened to own a few million shares of IMMR, began to liquidate–likely from necessity. But it’s a new year, with fresh opportunities.

With the right mood and news, IMMR could easily move past $15, eventually on its way to $20.

NOTE: I do not own it yet and would consider buying it, only after I was sure there was sustainable momentum.

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13 comments

  1. the_wolf

    fly is god, i ate zombie’s brain, and now have double the cerebral capacity ; )

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    • matt_bear

      where the hell is he!? 🙁

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      • the_wolf

        i told you, i ate his brain, increasing my cerebral capacity, as well as adding another personality to my already full load, hows the little guy today matt

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        • matt_bear

          he’s awesome. he goes for his first shot at the dr’s today in 2 hours.

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          • the_wolf

            awww, iBC & the little one, couldn’t be a better 2014 ; ) congrats
            my and my wife are trying ; )
            i think & hope 2014 is gonna be a great year

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  2. chief keef

    video games are evil. Tots should be engaged in reading the classics and/or listening to music (extra Beethoven, no Birdman).

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  3. xochi

    I’ve been holding it, smoking hopium, maybe a Chinese dream come true

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  4. lvs666

    Must be manufactured in the free trade zone and games must be approved by government. No GTA 4 u mr Chang

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  5. og

    Damn, maybe I should sell some Yelp.

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  6. mr.partridge

    it no longer matter what I buy .. as soon as I do it goes up…. almost everything… sick… YY own it for a while… ONVO doubled up yesterday and boom today.. jeez

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