Sony's stock rises after E3 Conference

[Judgement-2012]

kowenicki said:

Sony's stock has risen because the markets are rising and because the yen weakened a tad... bugger all to do with E3 and to say otherwise is ludicrous. It has performed slightly better than the market in the last few days but given the massive underperformance over the last 18 months its hardly a result.  The writers on these gaming websites (and many of the gaming forum posters) vastly over estimate the reaction the markets will have to small bit of news regarding just the Playstation arena.... Sony is much bigger than just Playstation.  This is just frippery, currency movements and the global economy massively outweigh what a small conference about some new games will do.

Back to the stock price....

Just down the 45% for the last 12 months now then.

Still down a massive 30% since the Kaz way forward speech.... less than 2 months ago!

Basically the stock price has "rocketed" back up to where it was on the 29th May.... woohoo.

Get ready for some awful investor and press reaction when they miss their financial targets again.

QFT

This is correct,Sony stock is going down now and so is nintendo.