Glu Mobile (GLUU)

[Swietman]

I don't believe they were overvalued at the time.

They were hitting each quarter strong and they were riding the waves of recent very successfully games.

Now they have a bad quarter unlike previous quarters and no successfully titles last quarter. Not enough launched games , not enough revenue drivers.

Now this quarter is a different story. More launches, titles we already familiar with that will create buzz and a good time of the year to spend money-

They will rebound, the only issue is that we will have to wait an entire quarter to regain trust with their next result announcement.

Have to take a step back to go forward.


Also tech is falling thanks to apple.