VGStockz: General Questions

[Vinniegambini]

johnsobas said:

Kresnik said:
Since Kowenicki isn't around much lately (or at least he doesn't seem to be, he usually makes loads of stocks threads but I haven't seen one about this particular subject):

I noticed today that Sony's stock has gone up a full dollar (I think) in the past few days. Was hovering around 9.90 for quite some time but over the past 5 days has climbed up to 10.95:

http://uk.finance.yahoo.com/echarts?s=SNE#symbol=sne;range=5d

Any particular reason for this that anyone's aware of? From on-and-off watching the stocks since I joined this site really, Sony had been in freefall for quite a while, so I'm just wondering what's given them such a boost.

Shame about Nintendo's stock, it dropped 50c before opening today I believe. But it'll pick back up. Good time to buy really, although maybe worth waiting a couple more days to see if it goes any lower.

 

it's mostly just because the yen has gotten so much weaker, not because Sony is doing better.  The yen was below 76 yen per dollar earlier this year, now it's over 87 yen per dollar and still rising.  It takes more devalued yen to buy the exact same thing as it did before. The entire Japanese market has gone way up but not really so much in real value.

Pretty much. I'm excited to see both Nintendo's and Sony's third quarter earnings. The exchange gains should offset the net income losses if ever they should occur.