| kowenicki said: 28%. What's the point of this exactly? Large stock movements are significant. They may not be indicative of long term issues but to say large stock movements are normal or mean nothing is nonsense. Ninty and Sony may shoot back up, they may not, but there is no need to be defensive about stock movements. That's irrational and dangerous if you own the stock. Never get an emotional attachment to a stock holding. |
Hmm, not sure how I screwed up that.
"But to say large stock movements are normal is nonsense"
Do you mean large single day drops, like Sony's 7% drop? Because obviously that isn't normal. But over the course of a year, large drops or increases like 20-30% are very normal, unless we are talking about insanely stable dividend stocks like Coca-Cola, and certain utility stocks. They certainly mean something though, but like you said, they aren't neccesarily indicative of long-term issues.
Not sure how I'm being defensive. I'm expressing genuine concerns here, I'm just doing it while spoofing the similar thread about Nintendo. I'm also trying to illustrate how easy it is to paint a negative picture if you omit certain factors from your analysis, like their image sensor business and how they've upped their forecast for their gaming division twice so far.
I'm not emotionally attached to Sony stock, I just think the impact of the beneficial factors outway that of the negative ones. Now, of course, I can't *know* for sure, if I knew the future I'd be playing lotto, but I feel relatively confident on my assumption.
