Turtle Beach Corp. (HEAR)

[value1008]

I did buy the fear, got a bunch of shares at avg of 18.18 early in the week including some in $17s. Flipped them for a fast gain in upper $19s, then got some shares on drop to 18.66 and flipped them again at 20.80s. Missed the move up to test the 20dma in mid-$22s.

Now have shares at 20.42 avg. Will avg down if this tries to approach lower Bollinger band on TA chart.

The recent action, imo, had everything to do with a technical test of support at lower Bollinger band and then a quick run up on good news to test upper resistance at 20dma, which happened on Friday, then it fell down to test new support level, wherever that is.

I'm somewhat surprised to see lack of chatter on this board over the past 4-5 weeks, but not really surprised, given the alarming fall-off in s/p from the highs reached in mid-$30s in early Aug after earnings.

If one listens to the CEO on CCall and also the projections by industry and by analysts (thanks, RealFast95 for posting some of those), it's obvious that Fortnite is not a "fad," and that the rise of these battle royale-style games are the FUTURE for the gaming industry.

At https://en.wikipedia.org/wiki/Battle_royale_game
the last paragraph cites Turtle Beach earnings report and the penultimate paragraph states this TANTALIZING projection:

Business Insider projected that battle royale games will bring in over US$2 billion during 2018, and will grow to US$20 billion in 2019.


If you go to the July 2018 IGN article that cites the Business Insider projection,
http://www.ign.com/articles/2018/07/20/analysts-predict-battle-royale-games-could-make-20-billion-next-year

it goes on to state this: "As more studios join the battle royale trend, those numbers are expected to increase again to be twelve-fold within just two years"--i.e., by 2020.


I presume that's gonna mean a HUGE number of new Turtle Beach headset sales.