FishyJoe on 28 January 2008
My guess is that Japanese traders are getting their asses handed to them. Nintendo is one of the only things in the portfolio left that shows a profit. The only way they can save face is to sell their only profitable security, otherwise they would only have a massive loss to show. So the choice is sell Nintendo or be deep in the hole.
It sucks for all of us longs though. It seems crazy to sell at less than a 20 for PE and Nintendo has crossed that threshold. Their forward PE is less than Konami and equal to Capcom now.
