Just chiming in to wish everybody who's in the stock market an horrendous financial year.
With Love <3

Enebias

Now it's zł108 and you can see the slide downward. It was slowly going down but something was in the last report that caused the price to drop.


16:55

New low price is $23.41 Euros.

New low price is $23.00 Euros

It's just below zł94 looking at this chart it's gone down to around the price 4-5 years ago.

50% decline in a year and 75% decline in 2 years
obvious it's a down trending.

also it's a tech stock not the best of investments at this moment to many bears roaming around.

It doesnt really mean anything. Whether you swim or sink. CDPR isnt sinking.

Who would have thought that releasing the only new game of the company in almost 10 years, the main source of income, 2 years too early, in a broken state, would have catastrophic consequences. All of this, to get a quick buck future be damned. I wonder if the one(s) responsible for this mess is/are still employed.

The company needs a second game development team to release games more often. But, of course, with all the money they are losing, that is a bit difficult now.

What are they loosing? The stock price value has no influence on the financial condition of the company itself. It has only a meaningful impact in case someone wants to take over it. The financial situation of CD Projekt is stable. The results for Q1 2022 are better than expected and the thing that's happening with the stock price is scandalous. It's almost like someone wants to deliberately lower the price for some reason.

Right now the company is almost ready to prepare two AAA projects simultaneously. There's a major add-on for CP2077 in development and a new AAA installment in the Witcher series. There's also a new side card game project being prepared and of course Gwent. I think that's more than enough for a company of this size.

Bro it was the one of the best debuts game industry ever had and Night City is easily most coolest city ever created.

And they could have won much much much more money. Take into account that the playstation release, for example, was a huge hit against the company´s sale prospects, reputation and relationship with Sony.

And there were other problems, like all the reviews and media prices cd-projekt bought, which given the awful state of the game when released, proved that all the gaming media is corrupt.

It´ll take years for cd-projekt to recover from all this mess.

You mean like people with a personal grunge, who just want to see the world burn?

But to be fair.
Poland got some new laws about taxes/ incidental wage cost to my knowledge.
EZB was expected to finally increase interest rate and did so (not as much as expected though) and is reducing its stock and bond buyingprogramm, what is never something the stock marked does like.
Tech stocks are under pressure for some month now, even MS and Apple lost billions in worth..
Lot of shopping in the gaming industry too.

And big franchises start to crumble. To my knowledge the last season of the Witcher series wasn't that well received as the first one and currently it does look like streaming services are crashing their big IPs with full throttle against the wall.

It is like nobody does care about the new game of thrones series.
Seeing the planed series for Star Wars and Marvel from Disney leads either to hysterical laughter or to apathy for the most people..
And the Lord of the Rings series seems to be an accident looking for a place to happen already.
And I'm not sure how it will work out for the Cyberpunk Series either.

So, there is a lot of holding back when looking at tech companies and whoever is using a liked multi media franchise.

Ah yes, and there is still this virus ramping havoc around the world, currently at the european working bench also known as China where it is not known if they can win that fight the way they want to.
And we got this little military madness going on right now that is ripping apart the old ways of the economy and leads to high inflation.
And usually the first thing people stop to spend money on is entertainment.


Sounds like a lot of fun for me...

Well, they have time. Witcher 4 is easily 5 year from now. If Witcher 4 flops then I start to beleive CDPR is sinking. Fourths has been extremely succesful in game industry.

Bill G tried to sink Elon M via short-selling, and got his head(s) handed to him, so he's decided to shoot fish in a barrel instead.((;--))