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Forums - Sony Discussion - Sony slumps most in 4 years overnight in Japan. Down 11%.

irstupid on 08 February 2013
celticlonewolf said:
I was wondering if sony expected this kind of drop so thats why they decsided to show the ps4 on feb to hopefuly make up some of that drop.

That's what I assumed as soon as I heard the Feb 20th date.

I was like "hmm showing off new hardware roughly a week after your financial come out"

To me it looked like they are trying to get some positive news by showing off a new product.  If their financials would have been amazing, then no need to show off PS4 yet.  



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Spazzy_D on 08 February 2013

Weird, not a single Kaz avatar in this thread....



Wh1pL4shL1ve_007 on 08 February 2013
Spazzy_D said:
Weird, not a single Kaz avatar in this thread....


Thank goodness. They're funny but its getting really old. 



Yay!!!

Jaywood2010 on 08 February 2013
kowenicki said:
Kasz216 said:
kowenicki said:
Kasz216 said:
Huh I'm shocked. Thought for sure the market consensus was that Sony was in an awful position and doing awful.

I guess Panasonic and Sharp raised expectations last minute?


The consensus was for a net profit.  I bought my shares late last year based on that and luckily they shot up, so no harm done if I sell today. 


Fair enough, guess i haven't been paying much attention since i saw a bunch of analysts just really take a negative outlook a month or two ago.  I'm really only a long term multiple year investor so i more or less have written off the entire Japanese Electronics market.

Surprised you wouldn't just wait till the 20th though hoping for a minor bump.  Though i suppose there is nothing preventing it from going lower.


I've made around 40%. That's enough, you have to know when to take profit and not be greedy. 


Are you good with stocks and shares?  Ive always been curious about buying that stuff but it's kind of scary too lol




       

xLeftyx on 08 February 2013

Nothing Sony can't recover over.



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Train wreck on 08 February 2013

I bought some $SNE today with part of my tax return, the stock does not want to go down (at least in the US session down 4% yesterday ~1.2% today). Still think the restructuring is on track, new product launches in tow, still has favorable exchange rates on its side (sony listed its exchange rate for the quarter at 81.2) and its Korean competition will have a harder time with the strength of the Won. The only catalyst left is for GDP to level out, grow in most of the world economies which will be the biggest barrier for Sony's (and pretty much everyone's) growth.

Like I said a couple weeks ago its going to be two steps forward one back for this company. The stock got a little ahead of itself and i'm buying on weakness.



tonymarraffa on 08 February 2013
Tachikoma said:
Man, you're so eager to post anti-Sony news you don't even check formatting.


Really all these fanboys on both sides are annoying but there's like 500 times more by Sony fanboys saying Microsoft stole this, ruined that,  raped my mother and whatnot.



xLeftyx on 08 February 2013

Nothing Sony can't recover over.



NintendoPie on 08 February 2013
Nsanity said:
Wasnt Kaz suppose to fix everything?

Don't blame him, blame Kevin Butler.



Augen on 08 February 2013
kowenicki said:

I've made around 40%. That's enough, you have to know when to take profit and not be greedy. 


So, you bought in November/December range.  I think the price it is at I'll pass given latest reports.  Sony is turning it around, but will take a while.