[troll]guys, stop making accurate predictions, you know NotAFactor is just going to copy this thread, reword some of your insights, and pass it off to his clients[/troll]
incase you guys are interested i once asked a PM with a long/short fund if Michael Pachter / Wedbush were relevant - the PM's answers:
"we give a little business to all the trading shops out there to keep things fair and keep everyone hungry to feed us information, but pachter is an anomaly because he spends more time arguing with children on the internet and trying to get quoted by journalists than he does getting to know the management and delivering alpha"
"only those firms that buy generic exposure to games as part of a broader part of a media portfolio will rely on him to get some assurance the stock isn't going to tank completely - but those investors really don't have time to think about games-specific strategies and are just buying some exposure because they want some beta correlation on a potential upcycle - his specific calls on game sales are meaningless and probably wrong - but that's irrelevant when you have a series of clients that really could care less"
"anyone who runs a long/short fund or even a fundamental fund is a moron if they listen to anything pachter has to say, no one takes what he says seriously and any investor that actually knows anything about games basically ignores what he says because in a hits-driven cyclical business you only need to wait long enough before you are proven right about a stock call - and it's always easy to explain why predictions didn't pan out by pointing to "business considerations" rather than admitting you suck at your job"
by the way - this PM was extremely nice - some of the other jokes/comments about pachter are even more brutal - as I said - his nick name was "NotAFactor" among some of the more respected investors I knew that had large concentrations in the games business - although some of them owned large enough concentrations in certain very specific companies and knew that Pachter carried some influence - so they played nice with him rather than just calling him an idiot so he would go and push stock onto clueless pension funds and that in turn would allow them to prop up their own holdings