greenmedic88 on 20 November 2008
Yep. It's getting pretty ugly. Only hope for stockholders who haven't already bailed is to play the poor strategy game of hold, wait and hope for the best.
The real problem however, isn't this quarter, it's speculation about 2 quarters from now that are also hurting stock prices. Regardless of how well Nintendo sells its hardware this holiday season, if demand tapers off, or worse yet, the exchange rate doesn't improve, not only does it make a price reduction to stimulate sales in overseas markets less likely, it also means lowered earning estimates.
It probably would have been wiser to drop speculation for Nintendo back when it was clear the stock wasn't really budging regardless of the stellar quarterly earnings reports.
