| It only happens once every 10 years that the little guy beats the big guys to the next big thing, but the Wii is disruptive to the gaming market and I think we did it too. After missing Apple, and Google I was wondering if I would ever latch onto one again. |
Funny you should mention APPLE because in April, I bought both APPLE and Nintendo. These were the only two stock I bought in April. I bought Nintendo at 40 and I bought Apple at 91. Nintendo is around 69 and Apple is about 161 now.
I actually think Apple has bigger potential than Nintendo because of Mac and other products up in its sleeves, while Nintendo only depends on its current products. Comparing these two stocks' in my portfolio, Apple was "beating" Nintendo most of the time and I have to admit that Apple was a more exciting stocks with its ups and downs. One day you lose 5 dollars per share and the other days you gain 5 dollars per share. Nintendo, on the other hand, was steadily increasing its share price.
As you can see, I am against my cousin and his big billion dollar employer on these stocks. In fact, I sent him an email on April 13th to tell him that I am going to sell all my shares on Microsoft and buy Apple and Nintendo.
One month later, I sent him an email saying that Apple has gained a good 7% and he replied by saying "true, but Microsoft has also gain about 7% during that period. So it does not mean anything." About two months later when Apple hits 120, I sent him another email says,"its 120 now, that over 30% and Microsoft still at nowhere." He finally admits that he could be wrong. But told me it is over priced.
I will send him another email when I double my money. It seems very likely that Nintendo will hit 80 or Apple will hit 182 by the end of this year. I just don't know which one will get there first.
