@wiilicious, But Nintendo won't be at TGS will they? What might happen, but hasn't been expected ( i dont think), is the announcement of PSP2. I guess you need to ask whether taking a punt now is worth it, and i believe it is.
As far as i can tell there are 3 big events coming up this month, and BEFORE Sep. 29 when Nintendo announce pricing and release date.
1 - Halo Reach
2 - Move launch
3 - August NPD
- I am thinking that since Move's preorders arn't very substantial, it might not have that much of an effect on Wii sales, atleast not untill closer to Christmas. Kinect is released in November so thats a while away yet.
- Halo Reach is certainly going to influence NPD results next month, so theres a bit of worry about its effect on Wii sales heading into Christmas. Not enough imo to drastically drop NTDOY stock though.
- NPD isn't likely to effect NTDOY much either, since the share is considerably undervalued now anyway. Still hanging around 34$.
I think now is a great time to be buying these shares. Im gonna dip in the next week and a half or so.
“When we make some new announcement and if there is no positive initial reaction from the market, I try to think of it as a good sign because that can be interpreted as people reacting to something groundbreaking. ...if the employees were always minding themselves to do whatever the market is requiring at any moment, and if they were always focusing on something we can sell right now for the short term, it would be very limiting. We are trying to think outside the box.” - Satoru Iwata - This is why corporate multinationals will never truly understand, or risk doing, what Nintendo does.
