Yahoo: The 'Wii Crash' of 2009

[Ail]

greenmedic88 said:

dougsdad0629 said:

I didn't read any of the other posts, so I don't know if anyone else said this, but here it goes.  There have been A LOT of articles like this on A LOT of different websites lately.  If Joe Consumer reads this often enough, he will believe it.  Even if it's not reality now, these articles have the potential to create that reality.

Most of the posts have been pretty much saying the same thing.

And yes, it's easy to dismiss all of these early warning reports if the only thing you're buying are games and peripherals (people seemed to have stopped buying Wiis for the purpose of flipping them on Ebay thankfully), but if you're actively holding NTDOY stock, this is just that: a warning. Ignore it only if you're feeling pretty omniscient about future trends and ignoring the mainstreet effect on investor confidence.

Those numbers paint a different picture currently. Down five points today, down six points last Friday. At the end of last month, it was sitting at just under $40; it's now trading at $31.39. That's reason enough for me to be concerned as an investor; not as a consumer.

Nintendo doesn't need cheerleaders right now telling them they can do no wrong.

What they need are strong indicators that they will continue to see growth over the next quarter as well as positive news that will sustain growth over the remainder of 2009.

Because the facts are, the only way anyone's been making gains from NTDOY lately has been by short selling the stock. And that's not good for Nintendo.

 

Lol I was going to answer that to the person saying they were gonna buy more Nintendo Stock.

 

It's funny how many people will comment on the stock while having no clue on how it is actually performing...