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Forums - Sony Discussion - Sony stock down 8%

kowenicki said:

what are you talking about... it being traded...

its now down 10%

Yeah, which is better? When it has a higher number or a lower number?

I'm guessing higher but don't want to seem like too much of a fool...



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Steve Ballmers estimated wealth is more than Sony's market cap. True story.



Imagine not having GamePass on your console...

Sony losing money and lowering projections seems to be the norm. Whats amazing is that it doesnt affect Sony fans morale one bit.



Xbox: Best hardware, Game Pass best value, best BC, more 1st party genres and multiplayer titles. 

 

DirtyP2002 said:
Steve Ballmers estimated wealth is more than Sony's market cap. True story.


Apple could buy Sony 10 times over without going into any debt, because they have $110bn in cash. True story.

OT: Next quarter Sony should start to build some of its value back up when the effects of its cutbacks start to be felt.



So now is a god time to buy stock, right?

Just joking...



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Faxanadu said:
So now is a god time to buy stock, right?

Just joking...


Actually, not that BAD of a time. If you've got money burning a hole in your pocket, you're not worried about the stock going down further and if you  feel that Sony's stock will eventually rebound, then it's actually a great time to buy stock in them. It's like buying penny stocks, in a sense. All the company needs is a really good product or business plan to bring them around and the stock will jump again. If they bring a product that is good enough, then the stock rebounds more.

It's always good to remember that in the mid-90s, Apple was a failing company until the iPod. Now they're the largest valued company in the world. You never really know when a potential gold mine is staring you in the face, but it always comes with risk. I imagine there are some people who are laughing as the Sony stocks plummet, not because they want to see it burn but because the lower it gets, the more they can buy and then wait to see what happens with Harai's business plan.



Currently down 9.64%... that puts it under 11 :/ Profit in the next records are pretty much a must.



CChaos said:
Faxanadu said:
So now is a god time to buy stock, right?

Just joking...


Actually, not that BAD of a time. If you've got money burning a hole in your pocket, you're not worried about the stock going down further and if you  feel that Sony's stock will eventually rebound, then it's actually a great time to buy stock in them. It's like buying penny stocks, in a sense. All the company needs is a really good product or business plan to bring them around and the stock will jump again. If they bring a product that is good enough, then the stock rebounds more.

It's always good to remember that in the mid-90s, Apple was a failing company until the iPod. Now they're the largest valued company in the world. You never really know when a potential gold mine is staring you in the face, but it always comes with risk. I imagine there are some people who are laughing as the Sony stocks plummet, not because they want to see it burn but because the lower it gets, the more they can buy and then wait to see what happens with Harai's business plan.

There are a lot of ifs there ...

I don't personally think Sony is a good investment now, and I think they may continue to decline for some time.



HappySqurriel said:
CChaos said:
Faxanadu said:
So now is a god time to buy stock, right?

Just joking...


Actually, not that BAD of a time. If you've got money burning a hole in your pocket, you're not worried about the stock going down further and if you  feel that Sony's stock will eventually rebound, then it's actually a great time to buy stock in them. It's like buying penny stocks, in a sense. All the company needs is a really good product or business plan to bring them around and the stock will jump again. If they bring a product that is good enough, then the stock rebounds more.

It's always good to remember that in the mid-90s, Apple was a failing company until the iPod. Now they're the largest valued company in the world. You never really know when a potential gold mine is staring you in the face, but it always comes with risk. I imagine there are some people who are laughing as the Sony stocks plummet, not because they want to see it burn but because the lower it gets, the more they can buy and then wait to see what happens with Harai's business plan.

There are a lot of ifs there ...

I don't personally think Sony is a good investment now, and I think they may continue to decline for some time.

Oh, without a doubt, a LOT of 'ifs', but that was why I mentioned the issues with doing so. There are always those who are willing to take a bit of a risk when it comes to lowering stocks of corporations. I simply mean that at $12 a share or so, it's inside the range of an average stock gambler these days instead of being out of reach to the average individual.

I agree completely that there will likely be more bad than good until things come around, but you never know what might bring them around again.



Like I wrote in the other thread, the company refusing to break down individual sales when the shareholders asked for it is a really bad sign that something is very wrong. This is like a red flag concerning corporate governance and I would not be surpised if some investors reacted to this by getting the fuck out of their investment.



Ongoing bet with think-man: He wins if MH4 releases in any shape or form on PSV in 2013, I win if it doesn't.