Sony stock down 8%

[Noel_Kreiss]

Exile1987 said:

Noel_Kreiss said:
Off topic - Nintendo is currently trading at 13.37$. It dropped like crazy this year too. Japanese electronics are suffering, big time. Though in all fairness, I see light in Nintendo as opposed to Sony. Nintendo has no debt, and has alot of cash reserves. At the moment, it is trading only for what they have on their balance sheet; thus, giving the company name and IP's no value, which is absurd come to think of it. I recently opened a position on Nintendo for 200 shares at @ 13.50$, yes I know, I spent 2700$ on stock. If there is a time to invest, it is now in Nintendo, not Sony. I see a better catalyst for Nintendo than Sony as their 3DS XL is now sold at a profit, and 3DS no longer sold below manufacturing costs. And Wii U coming this year, should be big. Let's hope my investment is well paid off! What do you guys think? Am I crazy lol

I would definately say crazy!

Would of waited for Wii u launch week to see interest and then drop it down to funky town :P

especially as at the moment alot of Japanese companies will have stock in each other so as more and more bad news comes the lower the stock prices will fall - the yen just needs to weaken for any Japanese company to start growing again

Defo hope it turns a nice profit for you though! - how long you intending to keep the stock for?

I may be crazy then lol ;) But judging by previous years, both Nintendo and Sony shares increased alot in anticipation of the release of both the Wii and PS3. Consequently, I expect the upward curve to be the same for the Wii U and I plan to ride that curve. But I get your point, its a risky investment. I'm mostly scared about the strong yen versus the euro since Europe is in a freefall at the moment. I think Nintendo will ship more in U.S. and Japan as the dollar value has been pretty stable with the Wii U launch. I intendo to keep the stock until it breaks atleast the 20$ barrier and should hopefully do so by year-end. Would of made atleast 1000$.