Hey guys, Tuesday I am going to be watching $GLUU. I went long in this stock Friday when it slightly dipped because of a few reasons.
1. Kendall and Kylie Jenner are getting an app made by $GLUU. I know you are thinking, "What?" Well if you don't know any background information about this stock, they are a game-creating and publishing company. They have many successful apps include one with Kim Kardashian. I am long on this stock because recently Kendall and Kylie have tweeted/posted that their game is coming soon, as it has been in progress for over a year. If we look back into the stock's history, we see that when Kim Kardashian's game was released the stock doubled in value. So I am expecting possible close results.
2. The low risk. This company has many other celebrities signed to make games with them, including Taylor Swift and Brittany Spears. Some really big names. Also Tencent, the most popular Chinese gaming company has 126 million dollars into Glu Mobile. The stock has a history of dropping to $2.00 PS and then jumping to $7.00 PS. It is currently at $3.15 PS with nice support at $3.05.
3. I love their video games.
Again, I am not telling you to invest in this stock. I am simply notifying you what I will be watching this week. I am looking for big news within two weeks. Make sure you do your own DD, and find what stock is best for you this week. Thanks guys, good luck this week.
@dordan23 Yes they are, sorry I will edit that to clarify. Thanks for the response.
wow, i googled around for 2 minutes and couldn't stand it any more lol. can't believe people are so interested in the Kardashians
@dordan23 Same here, but I'm just in it for the money XD
Haha Wow. Lastweek I read someone on reddit that GLUU are supposely going to make a ps4 game ! Id keep GLUU on my watchlist
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