Looks to me like the Ninty shares got well over-priced and we've had a market correction. It's still well above pre-Wii levels and I can imagine it steadying out close to where it's at now and being on a relatively slow rise over the coming years. Interesting how the 2010/2011 drop has a very similar looking pattern to the 2009 drop.
The important metrics are the P/E ratio and EPS I suspect at the end of 2008 the P/E was ridiculous. Investors/speculators behaving like sheep jumping in to Ninty creating a Ninty bubble, now those sheep are jumping out causing that bubble to burst. Always be wary of sudden rises because they are usually followed by sudden falls
I think it'll be many years before we see end of 2008 prices and probably only after a slow and steady rise. And 2010 peak will probably not be seen again for a while. If you've got some spare cash wait until Aug/Sept before you buy Ninty shares, I suspect that will be about when the shares hit a long term low point and they will steadily climb from there. Expect perhaps a bit of a dip when Wii U launches because I would be very surprised if Wii U does the same as Wii and that could lead to market disappointment. Though equally it might exceed relatively low expectations and so Wii U launch might cause a mini spike.
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