EllensProphet on 28 January 2008
| skywalker2007 said: Does anyone know what was the reason to cause such a huge drop? This can't be just speculation. Some thing must happened... |
Volume was up, so maybe there were a lot of investors holidng Nintendo on margin and the shorts were able to force them to close out their position?
Nintendo does not issue PR to protect investors. They just act like the world is not crazy, cover the basics, and say 'Have fun!' I didn't even notice any mention of their stock buy back program, but if I recall correctly, the board authorized them to buy back 250B Y worth of shares in 2002, of which only 150B Y has been spent.
The urge to play is a terrible thing to waste.
