dallas said:
I've got a small amount in Sony and want to add some more shares within 6 months but I'm hardly going to put more than 7% of my portfolio in a single company... |
Smart man there. Never invest with your "heart" just because you love and follow a certain company and a product they have. You never know when it could come crashing down, example: Enron. Be very very careful investing too much into a single company. And 7% would be the MAX you'd want to invest in for a single company.
I'd rather invest into mutual funds that have a great track record for great returns and smart people on the board. And if someone leaves that was an important part of that, then you move your investment around a bit to another one that gives you more bang for your buck.
Sure you can luck out and find the next "Google" stock, or whatever and make a quick bundle, but if you hold too long it could come back and bite you in the end and you will end up losing alot. Many of those investing in just Nintendo and investing with their hearts because they want to believe that it will continue to rise and make them a bunch of money. Eventually a company will hit a down turn and you'll take a nasty hit.
Back to the topic though, if Sony does bring out at $399 version, it will absolutely KILL this Xmas and Sony will make record sales. Sony is not a cash poor company and other divisions are going through record sales and making great profits to help carry the gaming division during the early part of the consoles life. Don't forget that the gaming division helped carry the rest of Sony when other divisions struggled. Right now it's just payback time. If Sony can justify dropping the price to that, they will. And they won't lose their shirts and take a larger loss then they have been since launch. (Costs have dropped more then $200 from launch to end of Q1.)
My pokemon brings all the nerds to the yard. And they're like, "You wanna trade cards?" Damn right, I wanna trade cards. I'll trade this, but not my charizard.
