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Forums - General Discussion - Sony / Ninty Yen boost. Markets finally catch up with me ;-)

kowenicki said:
Kiss of death. Sony share price touched a long time record low today. Perhaps I am ahead of the market makers in seeing the light from the current data.

It's a tad early to call it light. More like a small spark of hope that could turn to nothing. Only Sony showing a profitable quarter followed by a profitable FY can see a sustained reversal in the share price plunge.



“The fundamental cause of the trouble is that in the modern world the stupid are cocksure while the intelligent are full of doubt.” - Bertrand Russell

"When the power of love overcomes the love of power, the world will know peace."

Jimi Hendrix

 

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Thank you for pointing that out :).



Mr Khan said:
chocoloco said:

I am worried of a delay on the US working out the fiscal cliff quickly because Beohner (pronounced boner) is still the leader of a largely Republican dominated US House. Though the Democrats have gained ground in the Senate and and retained the White House, the political picture remains the same as it was two years ago. The House has little reason other than the good of the country to cooperate with the President Obama. The last go at this only resulted in a long standing stalemate that pissed off the entire country. My outlook is that the dollar would more likely fall if it is not resolved soon than it is to gain immediately.

As far as the Republicans are concerned, the key sticking point is the Norquist Pledge, which a lot of major Republicans and almost all Tea Partiers have signed, declaring that they will never agree to raise government revenues by one cent (that is NO tax rate raises forever, but also NO closures of loopholes or deductions, ever) This makes them fundamentally unable to govern, because even the most hardened fiscal conservative who hasn't signed that lunatic's pledge will now that revenue increases are sometimes necessary.

The point of hope here is that several senate republicans have been seen backing off from the Norquist pledge in the past couple weeks.

I heard about the pledge I will have to keep myself up to date on those that walk away from it's unrealistic goals. The fact the Republicans got beat so badly this election should have sent them a message. Boehner and his allies are really the worst of the two parties at least last time for not giving ground at all.

I did notice one republican had backed from the deal it is good more will.

Funny, though this topic is relevant to the thread it does seem far more important than the original topic.



The OP states: "This could actually improve further too with some decent news from Europe and if the US sort out the fiscal cliff, as they surely will".

I have little faith in any of these happening.
I am no financial whiz kid but I will stick to my guns on this one.



I'm as puzzled as Kowen as to why the stock is going down this week for both companies. The increasing yen could significantly increase Nintendo's profit and could could pull Sony out of the red. I think Sony's still a mess, but it's not like it's making them worse. It's also coming at the best possible time since this is their huge selling season.



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@TheLastStarFigher
Doom and gloom articles about Sony aren't helping any. Seems like everyday there is a negative Sony article.



Doom and Gloom articles about the games industry in general are tiresome. A large portion of kids and youngish adults have games as their primary form of entertainment. This isn't going to stop. There are close to 250 million consoles out there, which is easily an all time high, and tablets aren't replacing them as much as people would like to think. Media loves to pile on a trend though. Sony's in bad shape, but no worse than it was a year ago. It's like sharks smelling blood.



Nice! It's over 83 now. I would absolutely love to see it approach 100...if it does both companies will well exceed forcasts.



It's not happening today, but it could happen at some point. It was there before. This 80-range is a recent trend. I've read a number of projections estimating that it will hit 90 in the near future.



It was 140 10 years ago or so.
us and europe would have to see some pretty big growth if we want to see that.