Loot Ninja writes:
"Firing up my RSS reader this morning or going to any one of the numerous sites I typically visit showed an overwhelming amount of articles written about Michael Pachter, Wedbush Morgan Securities analyst for our industry. He recently put out his status report on where he thinks the video game industry is headed.
Reading all the headlines, one thing became clear: people take Pachter's word for gold. I have absolutely no idea why, as he's been wrong more than right. As with most forward-looking statements, predictions and hopes get thrown at the wall en masse and only a couple will stick. That's the same with Pachter."